Wooden Window Market

The global market for wooden windows is forecasted to experience a mild growth trend over the next eight years, with a projected increase in both market volume and value. Consumption, production, imports, and exports all play a role in shaping the market dynamics. Key consuming and producing countries include China, Russia, and the United States. Hungary emerges as a significant player in both imports and exports. Average prices for wooden window imports and exports have shown fluctuations over the years, with some countries experiencing notable growth rates. Overall, the global market for wooden windows is poised for continued growth in the near future.

Market Forecast

Driven by rising demand for wooden window worldwide, the market is expected to start an upward consumption trend over the next eight-year period. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +0.6% for the period from 2022 to 2030, which is projected to bring the market volume to 141M units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +3.0% for the period from 2022 to 2030, which is projected to bring the market value to $73.1B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Windows, French Windows And Their Frames Of Wood

In 2022, approx. 134M units of windows, french windows and their frames of wood were consumed worldwide; remaining stable against 2021. Overall, consumption saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the consumption volume increased by 5.7%. Global consumption peaked at 136M units in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

The global wooden window market value shrank to $57.6B in 2022, with a decrease of -5.1% 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). Over the period under review, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the global market reached the maximum level at $60.7B in 2021, and then reduced in the following year.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were China (29M units), Russia (17M units) and the United States (14M units), with a combined 45% share of global consumption.

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the key consuming countries, was attained by Russia (with a CAGR of +69.3%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, China ($12.4B), the United States ($9.7B) and Russia ($7.5B) were the countries with the highest levels of market value in 2022, together comprising 51% of the global market.

In terms of the main consuming countries, Russia, with a CAGR of +64.7%, recorded the highest rates of growth with regard to market size over the period under review, while market for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of wooden window per capita consumption in 2022 were Sweden (217 units per 1000 persons), Russia (118 units per 1000 persons) and South Korea (43 units per 1000 persons).

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of +69.2%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Windows, French Windows And Their Frames Of Wood

In 2022, production of windows, french windows and their frames of wood increased by 3.1% to 140M units, rising for the second consecutive year after two years of decline. In general, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 5.3%. Over the period under review, global production attained the peak volume in 2022 and is expected to retain growth in the near future.

In value terms, wooden window production dropped slightly to $56.9B in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 17% against the previous year. As a result, production attained the peak level of $62.2B. From 2017 to 2022, global production growth remained at a lower figure.

Production By Country

The countries with the highest volumes of production in 2022 were China (30M units), Russia (17M units) and the United States (13M units), together comprising 43% of global production. India, Hungary, Pakistan, Brazil, Indonesia, Poland, Mexico, South Korea and Sweden lagged somewhat behind, together comprising a further 27%.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +28.4%), while production for the other global leaders experienced more modest paces of growth.

Imports

World Imports of Windows, French Windows And Their Frames Of Wood

In 2022, global wooden window imports surged to 8.5M units, increasing by 110% against the previous year. Over the period under review, imports enjoyed strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, wooden window imports amounted to $2.3B in 2022. In general, total imports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +46.6% against 2015 indices. The pace of growth was the most pronounced in 2013 when imports increased by 23%. Over the period under review, global imports attained the peak figure in 2022 and are expected to retain growth in the near future.

Imports By Country

Hungary was the largest importer of windows, french windows and their frames of wood in the world, with the volume of imports accounting for 4.1M units, which was approx. 48% of total imports in 2022. Germany (870K units) held a 10% share (based on physical terms) of total imports, which put it in second place, followed by the UK (4.9%). The Netherlands (324K units), Denmark (292K units), the United States (265K units), Belgium (251K units), Italy (217K units), France (215K units), Switzerland (173K units), Sweden (161K units), Ukraine (149K units) and Norway (128K units) held a minor share of total imports.

Hungary was also the fastest-growing in terms of the windows, french windows and their frames of wood imports, with a CAGR of +62.7% from 2012 to 2022. At the same time, Ukraine (+27.1%), Germany (+16.3%), the Netherlands (+14.0%), Belgium (+11.9%), Italy (+11.2%), Switzerland (+6.9%), Sweden (+6.6%), the United States (+4.7%) and Norway (+2.7%) displayed positive paces of growth. Denmark and France experienced a relatively flat trend pattern. By contrast, the UK (-4.9%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Hungary, the United States and Germany increased by +47, +3.1 and +3.1 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest wooden window importing markets worldwide were Germany ($380M), the UK ($316M) and Denmark ($222M), together accounting for 40% of global imports. The United States, the Netherlands, Switzerland, Italy, France, Norway, Belgium, Sweden, Hungary and Ukraine lagged somewhat behind, together comprising a further 40%.

The Netherlands, with a CAGR of +16.7%, saw 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 global leaders experienced more modest paces of growth.

Import Prices By Country

In 2022, the average wooden window import price amounted to $271 per unit, waning by -49.8% against the previous year. Overall, the import price showed a abrupt decrease. The most prominent rate of growth was recorded in 2013 when the average import price increased by 21% against the previous year. As a result, import price reached the peak level of $589 per unit. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Switzerland ($788 per unit), while Ukraine ($7.2 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+12.0%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Windows, French Windows And Their Frames Of Wood

In 2022, overseas shipments of windows, french windows and their frames of wood increased by 225% to 15M units, rising for the second year in a row after two years of decline. In general, exports recorded buoyant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, wooden window exports declined to $2.5B in 2022. The total export value increased at an average annual rate of +3.6% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 16% against the previous year. Over the period under review, the global exports reached the maximum at $2.5B in 2021, and then fell slightly in the following year.

Exports By Country

Hungary prevails in exports structure, amounting to 9.9M units, which was near 68% of total exports in 2022. It was distantly followed by Poland (1.4M units), constituting a 9.5% share of total exports. The following exporters - Germany (573K units), China (442K units) and Slovakia (218K units) - together made up 8.5% of total exports.

Hungary was also the fastest-growing in terms of the windows, french windows and their frames of wood exports, with a CAGR of +46.7% from 2012 to 2022. At the same time, Slovakia (+27.0%), Germany (+10.6%), Poland (+7.5%) and China (+6.1%) displayed positive paces of growth. From 2012 to 2022, the share of Hungary increased by +62 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($647M), Germany ($372M) and China ($193M) appeared to be the countries with the highest levels of exports in 2022, together comprising 49% of global exports. Hungary and Slovakia lagged somewhat behind, together accounting for a further 8.7%.

In terms of the main exporting countries, Slovakia, with a CAGR of +18.0%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

In 2022, the average wooden window export price amounted to $170 per unit, shrinking by -70.1% against the previous year. In general, the export price continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2017 when the average export price increased by 25% against the previous year. The global export price peaked at $567 per unit in 2021, and then reduced rapidly in the following year.

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 Germany ($649 per unit), while Hungary ($14 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-1.0%), while the other global leaders experienced a decline in the export price figures.

Source: IndexBox Market Intelligence Platform