Asia-Pacific: Wooden Door Market 2024

Wooden Door Market Size in Asia-Pacific

After seven years of growth, the Asia-Pacific wooden door market decreased by -5.9% to $X in 2021. The total consumption indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +52.5% against 2013 indices. The level of consumption peaked at $X in 2020, and then shrank in the following year.

Wooden Door Production in Asia-Pacific

In value terms, wooden door production contracted to $X in 2021 estimated in export price. The total production indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +49.4% against 2013 indices. The pace of growth appeared the most rapid in 2016 with an increase of 9.7%. The level of production peaked at $X in 2020, and then fell slightly in the following year.

Wooden Door Exports

Exports in Asia-Pacific

In 2021, overseas shipments of doors and their frames and thresholds of wood were finally on the rise to reach X units after two years of decline. The total export volume increased at an average annual rate of +1.6% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations in certain years. The growth pace was the most rapid in 2017 when exports increased by 13%. Over the period under review, the exports reached the maximum in 2021 and are likely to continue growth in the near future.

In value terms, wooden door exports surged to $X in 2021. The total export value increased at an average annual rate of +2.4% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China was the key exporting country with an export of about X units, which accounted for 61% of total exports. Indonesia (X units) ranks second in terms of the total exports with a 23% share, followed by Malaysia (9.8%). The following exporters - Vietnam (X units) and Thailand (X units) - each resulted at a 3.8% share of total exports.

China experienced a relatively flat trend pattern with regard to volume of exports of doors and their frames and thresholds of wood. At the same time, Vietnam (+14.9%) and Indonesia (+9.6%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +14.9% from 2012-2021. Thailand experienced a relatively flat trend pattern. By contrast, Malaysia (-2.0%) illustrated a downward trend over the same period. While the share of Indonesia (+11 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Malaysia (-3.9 p.p.) and China (-7.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest wooden door supplier in Asia-Pacific, comprising 62% of total exports. The second position in the ranking was taken by Indonesia ($X), with a 23% share of total exports. It was followed by Malaysia, with a 7.2% share.

In China, wooden door exports expanded at an average annual rate of +1.8% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Indonesia (+7.3% per year) and Malaysia (-4.3% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2021, increasing by 8.2% against the previous year. In general, the export price recorded a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Vietnam ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+3.1%), while the other leaders experienced more modest paces of growth.

Wooden Door Imports

Imports in Asia-Pacific

In 2021, purchases abroad of doors and their frames and thresholds of wood decreased by -0.9% to X units, falling for the fourth consecutive year after two years of growth. Overall, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when imports increased by 13%. The volume of import peaked at X units in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, wooden door imports expanded remarkably to $X in 2021. Over the period under review, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 9.3% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

The purchases of the three major importers of doors and their frames and thresholds of wood, namely Japan, Hong Kong SAR and Australia, represented more than half of total import. Thailand (X units) held the next position in the ranking, followed by India (X units). All these countries together held near 12% share of total imports. The following importers - the Philippines (X units), Malaysia (X units), Singapore (X units), Indonesia (X units), New Zealand (X units), South Korea (X units), Macao SAR (X units) and Nepal (X units) - together made up 20% of total imports.

From 2012 to 2021, the biggest increases were recorded for Nepal (with a CAGR of +33.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Hong Kong SAR ($X) and Australia ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 65% share of total imports. These countries were followed by the Philippines, Singapore, Thailand, India, Malaysia, New Zealand, South Korea, Indonesia, Macao SAR and Nepal, which together accounted for a further 26%.

Nepal, with a CAGR of +32.0%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia-Pacific stood at $X per unit in 2021, increasing by 9.6% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Japan ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+14.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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