Southern Asia: Market for Builders' Joinery And Carpentry Of Wood 2024

Market Size for Builders' Joinery And Carpentry Of Wood in Southern Asia

The South Asian wooden joinery and carpentry market amounted to $X in 2023, remaining constant against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level in 2023 and is expected to retain growth in the immediate term.

Production of Builders' Joinery And Carpentry Of Wood in Southern Asia

In value terms, wooden joinery and carpentry production totaled $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Exports of Builders' Joinery And Carpentry Of Wood

Exports in Southern Asia

In 2023, after two years of growth, there was significant decline in shipments abroad of builders' joinery and carpentry of wood, when their volume decreased by X% to X tons. Over the period under review, exports, however, posted a modest increase. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2022, and then dropped sharply in the following year.

In value terms, wooden joinery and carpentry exports shrank sharply to $X in 2023. In general, exports, however, continue to indicate moderate growth. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

India prevails in exports structure, finishing at X tons, which was near X% of total exports in 2023. Sri Lanka (X tons) held a little share of total exports.

From 2012 to 2023, average annual rates of growth with regard to wooden joinery and carpentry exports from India stood at X%. At the same time, Sri Lanka (X%) displayed positive paces of growth. Moreover, Sri Lanka emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of India and Sri Lanka increased by X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest wooden joinery and carpentry supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was held by Sri Lanka ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in India amounted to X%.

Export Prices by Country

In 2023, the export price in Southern Asia amounted to $X per ton, increasing by X% against the previous year. Export price indicated modest growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, wooden joinery and carpentry export price increased by X% against 2021 indices. The most prominent rate of growth was recorded in 2013 an increase of X%. Over the period under review, the export prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Sri Lanka ($X per ton), while India totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Sri Lanka (X%).

Imports of Builders' Joinery And Carpentry Of Wood

Imports in Southern Asia

In 2023, after two years of growth, there was decline in purchases abroad of builders' joinery and carpentry of wood, when their volume decreased by X% to X tons. Total imports indicated a buoyant increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2023, imports remained at a lower figure.

In value terms, wooden joinery and carpentry imports shrank to $X in 2023. The total import value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2023, imports failed to regain momentum.

Imports by Country

India dominates imports structure, reaching X tons, which was near X% of total imports in 2023. Nepal (X tons) took an X% share (based on physical terms) of total imports, which put it in second place, followed by Pakistan (X%) and Maldives (X%). The following importers - Bangladesh (X tons) and Sri Lanka (X tons) - together made up X% of total imports.

From 2012 to 2023, average annual rates of growth with regard to wooden joinery and carpentry imports into India stood at X%. At the same time, Nepal (X%), Pakistan (X%) and Bangladesh (X%) displayed positive paces of growth. Moreover, Nepal emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2023. Sri Lanka and Maldives experienced a relatively flat trend pattern. While the share of Nepal (X p.p.), India (X p.p.), Pakistan (X p.p.) and Bangladesh (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Maldives (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported builders' joinery and carpentry of wood in Southern Asia, comprising X% of total imports. The second position in the ranking was held by Maldives ($X), with a X% share of total imports. It was followed by Nepal, with a X% share.

In India, wooden joinery and carpentry imports remained relatively stable over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Maldives (X% per year) and Nepal (X% per year).

Import Prices by Country

In 2023, the import price in Southern Asia amounted to $X per ton, reducing by X% against the previous year. Over the period under review, the import price continues to indicate a perceptible reduction. The growth pace was the most rapid in 2019 an increase of X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Maldives ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Sri Lanka (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform