Plastic Doors And Windows Market

The global plastic doors and windows market is projected to see steady growth in both volume and value terms from 2022 to 2030. Consumption, production, imports, and exports are all expected to increase over the forecast period, with key countries such as Turkey, China, and the United States driving consumption and production levels. Import and export prices are also expected to rise, indicating a positive outlook for the plastic doors and windows market worldwide.

Market Forecast

Driven by increasing demand for plastic doors, windows and their frames worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +3.0% for the period from 2022 to 2030, which is projected to bring the market volume to 712M units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +4.2% for the period from 2022 to 2030, which is projected to bring the market value to $84.6B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Plastic Doors, Windows And Their Frames

In 2022, approx. 564M units of plastic doors, windows and their frames were consumed worldwide; remaining relatively unchanged against the year before. Overall, the total consumption indicated moderate growth from 2012 to 2022: its volume increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +59.4% against 2012 indices. Over the period under review, global consumption reached the peak volume in 2022 and is expected to retain growth in the near future.

The global plastic doors and windows market value totaled $61B in 2022, increasing by 4.2% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +3.1% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of 8.1% against the previous year. Over the period under review, the global market attained the maximum level in 2022 and is likely to see steady growth in the immediate term.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were Turkey (162M units), China (104M units) and the United States (56M units), together accounting for 57% of global consumption.

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by Turkey (with a CAGR of +13.0%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($10.5B), China ($8.3B) and Turkey ($8.1B) were the countries with the highest levels of market value in 2022, together accounting for 44% of the global market.

Turkey, with a CAGR of +12.5%, saw the highest rates of growth with regard to market size among the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.

In 2022, the highest levels of plastic doors and windows per capita consumption was registered in Turkey (1,898 units per 1000 persons), followed by Canada (237 units per 1000 persons), Russia (222 units per 1000 persons) and South Korea (174 units per 1000 persons), while the world average per capita consumption of plastic doors and windows was estimated at 71 units per 1000 persons.

From 2012 to 2022, the average annual rate of growth in terms of the plastic doors and windows per capita consumption in Turkey totaled +11.5%. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: Canada (+0.7% per year) and Russia (+4.9% per year).

Production

World Production of Plastic Doors, Windows And Their Frames

In 2022, the amount of plastic doors, windows and their frames produced worldwide was estimated at 566M units, standing approx. at 2021. Overall, the total production indicated moderate growth from 2012 to 2022: its volume increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +57.0% against 2012 indices. The growth pace was the most rapid in 2019 when the production volume increased by 14%. Global production peaked in 2022 and is likely to see gradual growth in years to come.

In value terms, plastic doors and windows production stood at $57.8B in 2022 estimated in export price. The total output value increased at an average annual rate of +2.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when the production volume increased by 14% against the previous year. Global production peaked at $61.3B in 2019; however, from 2020 to 2022, production failed to regain momentum.

Production By Country

The countries with the highest volumes of production in 2022 were Turkey (165M units), China (109M units) and the United States (43M units), together comprising 56% of global production.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the key producing countries, was attained by Turkey (with a CAGR of +12.6%), while production for the other global leaders experienced more modest paces of growth.

Imports

World Imports of Plastic Doors, Windows And Their Frames

In 2022, purchases abroad of plastic doors, windows and their frames increased by 12% to 41M units, rising for the sixth year in a row after two years of decline. Over the period under review, imports posted a resilient expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 31% against the previous year. Over the period under review, global imports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, plastic doors and windows imports skyrocketed to $4.3B in 2022. In general, imports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 33%. Over the period under review, global imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports By Country

The United States was the largest importing country with an import of about 14M units, which resulted at 34% of total imports. Italy (4.2M units) took the second position in the ranking, followed by Germany (2.6M units). All these countries together took near 16% share of total imports. The Netherlands (1.7M units), Switzerland (1.5M units), France (1.4M units), Slovakia (1M units), the UK (1M units), the Czech Republic (0.9M units), Canada (0.9M units), Austria (0.8M units) and Hungary (0.7M units) held a little share of total imports.

The United States was also the fastest-growing in terms of the plastic doors, windows and their frames imports, with a CAGR of +26.8% from 2012 to 2022. At the same time, Italy (+22.6%), Slovakia (+16.1%), the Netherlands (+10.1%), Hungary (+8.9%), Germany (+4.5%), the UK (+4.0%) and Austria (+3.6%) displayed positive paces of growth. Switzerland, Canada and France experienced a relatively flat trend pattern. By contrast, the Czech Republic (-1.9%) illustrated a downward trend over the same period. While the share of the United States (+27 p.p.) and Italy (+7.2 p.p.) increased significantly in terms of the global imports from 2012-2022, the share of Canada (-2 p.p.), Germany (-2.5 p.p.), the Czech Republic (-3.4 p.p.), Switzerland (-3.6 p.p.) and France (-4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Italy ($801M), the United States ($602M) and Germany ($474M) appeared to be the countries with the highest levels of imports in 2022, with a combined 44% share of global imports.

Among the main importing countries, Italy, with a CAGR of +25.4%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

The average plastic doors and windows import price stood at $103 per unit in 2022, surging by 4.2% against the previous year. In general, the import price, however, recorded a slight decrease. Global import price peaked at $123 per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Austria ($211 per unit), while the United States ($43 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+3.6%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Plastic Doors, Windows And Their Frames

Global plastic doors and windows exports expanded rapidly to 44M units in 2022, with an increase of 10% against the year before. Overall, total exports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +65.0% against 2016 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 15% against the previous year. Over the period under review, the global exports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, plastic doors and windows exports soared to $5.8B in 2022. Over the period under review, total exports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +101.0% against 2015 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 26% against the previous year. The global exports peaked in 2022 and are expected to retain growth in the near future.

Exports By Country

Poland represented the largest exporting country with an export of about 16M units, which reached 36% of total exports. China (5.8M units) ranks second in terms of the total exports with a 13% share, followed by Romania (7.9%), Turkey (6%) and Germany (5.4%). Canada (1.4M units), Slovakia (1.3M units), the UK (1.1M units), Bosnia and Herzegovina (1.1M units), Taiwan (Chinese) (0.8M units), Austria (0.8M units) and the Czech Republic (0.7M units) took a minor share of total exports.

Exports from Poland increased at an average annual rate of +9.4% from 2012 to 2022. At the same time, Bosnia and Herzegovina (+15.1%), Romania (+14.1%), Canada (+11.8%), China (+8.3%), the UK (+6.8%), Austria (+4.1%) and Slovakia (+2.9%) displayed positive paces of growth. Moreover, Bosnia and Herzegovina emerged as the fastest-growing exporter exported in the world, with a CAGR of +15.1% from 2012-2022. Taiwan (Chinese) and Turkey experienced a relatively flat trend pattern. By contrast, Germany (-1.3%) and the Czech Republic (-3.8%) illustrated a downward trend over the same period. While the share of Poland (+11 p.p.), Romania (+4.3 p.p.) and China (+3.1 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of the Czech Republic (-2.3 p.p.), Germany (-5 p.p.) and Turkey (-5.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($2.2B) remains the largest plastic doors and windows supplier worldwide, comprising 38% of global exports. The second position in the ranking was taken by China ($451M), with a 7.8% share of global exports. It was followed by Romania, with a 7.6% share.

From 2012 to 2022, the average annual growth rate of value in Poland totaled +13.6%. The remaining exporting countries recorded the following average annual rates of exports growth: China (+6.0% per year) and Romania (+17.3% per year).

Export Prices By Country

The average plastic doors and windows export price stood at $130 per unit in 2022, increasing by 5.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.0%. The most prominent rate of growth was recorded in 2021 when the average export price increased by 10%. The global export price peaked in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Austria ($232 per unit), while the UK ($74 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+5.8%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform