Iron Or Steel Window And Door Market

The global market for iron or steel doors, thresholds for doors and windows is forecasted to continue its upward consumption trend with a projected CAGR of +1.3% from 2022 to 2030, reaching a market volume of 210M units by the end of 2030. In 2022, there was a decline in consumption after three years of growth, with the market volume decreasing to 190M units. However, the market is expected to rebound and increase in value terms with an anticipated CAGR of +3.8% for the same period, reaching $43.1B by 2030. China remains the largest consumer and producer of iron or steel doors and windows, accounting for a significant share of the global market. Import and export trends also show significant growth and fluctuations in various countries over the years.

Market Forecast

Driven by increasing demand for iron or steel doors, thresholds for doors and windows worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +1.3% for the period from 2022 to 2030, which is projected to bring the market volume to 210M units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +3.8% for the period from 2022 to 2030, which is projected to bring the market value to $43.1B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Iron Or Steel Doors, Thresholds For Doors And Windows

In 2022, after three years of growth, there was decline in consumption of iron or steel doors, thresholds for doors and windows, when its volume decreased by -2.5% to 190M units. The total consumption volume increased at an average annual rate of +1.2% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. Over the period under review, global consumption of reached the peak volume at 195M units in 2021, and then contracted in the following year.

The size of the market for iron or steel doors, thresholds for doors and windows worldwide dropped to $32B in 2022, with a decrease of -10.7% 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). In general, the total consumption indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +3.9% 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 +55.9% against 2013 indices. As a result, consumption reached the peak level of $35.8B, and then declined in the following year.

Consumption By Country

China (52M units) remains the largest iron or steel window and door consuming country worldwide, comprising approx. 27% of total volume. Moreover, consumption of iron or steel doors, thresholds for doors and windows in China exceeded the figures recorded by the second-largest consumer, India (21M units), threefold. The third position in this ranking was taken by the United States (16M units), with an 8.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in China totaled +6.1%. The remaining consuming countries recorded the following average annual rates of consumption growth: India (+5.0% per year) and the United States (+1.7% per year).

In value terms, the largest iron or steel window and door markets worldwide were Italy ($5.1B), China ($4.8B) and the United States ($4.6B), with a combined 45% share of the global market.

In terms of the main consuming countries, Italy, with a CAGR of +15.4%, saw the highest rates of growth with regard to market size over the period under review, while windows for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of iron or steel window and door per capita consumption in 2022 were Portugal (288 units per 1000 persons), Italy (188 units per 1000 persons) and Poland (93 units per 1000 persons).

From 2012 to 2022, the most notable rate of growth in terms of windows, amongst the key consuming countries, was attained by Portugal (with a CAGR of +16.1%), while windows for the other global leaders experienced more modest paces of growth.

Production

World Production of Iron Or Steel Doors, Thresholds For Doors And Windows

In 2022, after three years of growth, there was decline in production of iron or steel doors, thresholds for doors and windows, when its volume decreased by -2.1% to 194M units. The total output volume increased at an average annual rate of +1.3% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2017 with an increase of 13%. Global production peaked at 198M units in 2021, and then contracted modestly in the following year.

In value terms, production of iron or steel doors, thresholds for doors and windows dropped to $35.2B in 2022 estimated in export price. In general, the total production indicated a measured expansion from 2012 to 2022: its value 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, production increased by +13.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the production volume increased by 28%. As a result, production attained the peak level of $39.5B, and then dropped in the following year.

Production By Country

The country with the largest volume of production of iron or steel doors, thresholds for doors and windows was China (61M units), accounting for 32% of total volume. Moreover, production of iron or steel doors, thresholds for doors and windows in China exceeded the figures recorded by the second-largest producer, India (20M units), threefold. The United States (15M units) ranked third in terms of total production with a 7.6% share.

In China, production of iron or steel doors, thresholds for doors and windows expanded at an average annual rate of +4.1% over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: India (+4.9% per year) and the United States (+1.3% per year).

Imports

World Imports of Iron Or Steel Doors, Thresholds For Doors And Windows

In 2022, global imports of iron or steel doors, thresholds for doors and windows dropped modestly to 27M units, reducing by -3.5% on the previous year's figure. Over the period under review, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 4.8% against the previous year. Global imports peaked at 28M units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of iron or steel doors, thresholds for doors and windows expanded significantly to $4.4B in 2022. The total import value increased at an average annual rate of +2.8% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 17%. Over the period under review, global imports of reached the peak figure in 2022 and are likely to see steady growth in years to come.

Imports By Country

France (1.9M units), the United States (1.8M units), Germany (1.3M units), Canada (1.1M units), Russia (1.1M units), the Netherlands (0.9M units), Poland (0.9M units), the UK (0.8M units), Ghana (0.7M units), Nigeria (0.7M units), Spain (0.6M units) and Austria (0.5M units) represented roughly 47% of total imports in 2022. Kazakhstan (465K units) took a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Ghana (with a CAGR of +16.3%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($669M) constitutes the largest market for imported iron or steel doors, thresholds for doors and windows worldwide, comprising 15% of global imports. The second position in the ranking was held by France ($314M), with a 7.1% share of global imports. It was followed by Germany, with a 6.2% share.

In the United States, imports of iron or steel doors, thresholds for doors and windows increased at an average annual rate of +8.9% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: France (+2.5% per year) and Germany (+1.2% per year).

Import Prices By Country

The average import price for iron or steel doors, thresholds for doors and windows stood at $165 per unit in 2022, growing by 9.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.7%. The growth pace was the most rapid in 2021 an increase of 12% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in years to come.

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 the United States ($362 per unit), while Nigeria ($54 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+10.8%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Iron Or Steel Doors, Thresholds For Doors And Windows

In 2022, the amount of iron or steel doors, thresholds for doors and windows exported worldwide fell to 30M units, leveling off at the previous year. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when exports increased by 12%. Over the period under review, the global exports of reached the maximum at 30M units in 2021, and then contracted slightly in the following year.

In value terms, exports of iron or steel doors, thresholds for doors and windows expanded markedly to $5.1B in 2022. The total export value increased at an average annual rate of +3.7% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 19% against the previous year. The global exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports By Country

China was the largest exporter of iron or steel doors, thresholds for doors and windows in the world, with the volume of exports finishing at 9.8M units, which was approx. 33% of total exports in 2022. It was distantly followed by Germany (2.8M units), Turkey (2.7M units), Canada (1.8M units) and Italy (1.3M units), together generating a 29% share of total exports. Russia (1,326K units), Belarus (909K units), the Netherlands (820K units), Poland (804K units), Spain (799K units), Mexico (630K units), the Czech Republic (516K units) and the United States (507K units) took a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to iron or steel window and door exports from China stood at -2.5%. At the same time, Belarus (+43.4%), Russia (+24.7%), Turkey (+12.2%), Poland (+9.6%), the Czech Republic (+6.0%), Canada (+5.9%), Spain (+4.9%) and Mexico (+4.9%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing exporter exported in the world, with a CAGR of +43.4% from 2012-2022. Germany experienced a relatively flat trend pattern. By contrast, Italy (-1.1%), the Netherlands (-9.9%) and the United States (-10.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Turkey, Russia, Belarus, Canada and Poland increased by +6.1, +3.9, +3, +2.4 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($1.2B) remains the largest iron or steel window and door supplier worldwide, comprising 24% of global exports. The second position in the ranking was taken by Germany ($572M), with an 11% share of global exports. It was followed by the Netherlands, with a 9.4% share.

From 2012 to 2022, the average annual growth rate of value in China totaled +2.0%. In the other countries, the average annual rates were as follows: Germany (-0.7% per year) and the Netherlands (+6.4% per year).

Export Prices By Country

In 2022, the average export price for iron or steel doors, thresholds for doors and windows amounted to $171 per unit, surging by 8.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.1%. The pace of growth appeared the most rapid in 2013 when the average export price increased by 14%. The global export price peaked in 2022 and is expected to retain 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 the Netherlands ($585 per unit), while Turkey ($82 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+18.2%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform