Asia-Pacific: Wooden Frame Market 2024

Wooden Frame Market Size in Asia-Pacific

The Asia-Pacific wooden frame market expanded to $X in 2022, with an increase of X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. Over the period under review, the market attained the peak level in 2022 and is likely to see steady growth in years to come.

Wooden Frame Production in Asia-Pacific

In value terms, wooden frame production reduced to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2014 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Wooden Frame Exports

Exports in Asia-Pacific

In 2022, wooden frame exports in Asia-Pacific dropped to X units, with a decrease of X% against the previous year's figure. In general, exports recorded a slight descent. The growth pace was the most rapid in 2017 when exports increased by X%. The volume of export peaked at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, wooden frame exports dropped to $X in 2022. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

China prevails in exports structure, reaching X units, which was near X% of total exports in 2022. It was distantly followed by Indonesia (X units), constituting a X% share of total exports. Malaysia (X units) and Vietnam (X units) took a minor share of total exports.

China experienced a relatively flat trend pattern with regard to volume of exports of wooden frames for paintings, photographs, mirrors or similar objects. Vietnam (X%), Malaysia (X%) and Indonesia (X%) illustrated a downward trend over the same period. While the share of China (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Malaysia (X p.p.) and Indonesia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual growth rate of value in China was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: Indonesia (X% per year) and Malaysia (X% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2022, picking up by X% against the previous year. In general, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2017 to 2022, the export prices remained at a lower figure.

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 Malaysia ($X per unit), while China ($X per unit) was amongst the lowest.

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

Wooden Frame Imports

Imports in Asia-Pacific

In 2022, wooden frame imports in Asia-Pacific expanded to X units, surging by X% compared with 2021 figures. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, wooden frame imports fell to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then fell modestly in the following year.

Imports by Country

The purchases of the three major importers of wooden frames for paintings, photographs, mirrors or similar objects, namely Japan, Australia and Cambodia, represented more than half of total import. Malaysia (X units) held an X% share (based on physical terms) of total imports, which put it in second place, followed by Myanmar (X%) and South Korea (X%). New Zealand (X units) took a relatively small share of total imports.

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

In value terms, Japan ($X), Australia ($X) and Cambodia ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

In terms of the main importing countries, Cambodia, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per unit, shrinking by X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per unit), while Myanmar ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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