India Aluminum Doors And Windows Market Shipment Analysis
India Aluminum Doors And Windows Market registered a growth of 54.53% in value shipments in 2022 as compared to 2021 and a decrease of -10.35% CAGR in 2022 over a period of 2017. In Aluminum Doors And Windows Market India is becoming less competitive as HHI index in 2022 was 3218 while in 2017 it was 2241. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market. India has reportedly relied more on imports to meet its growing demand in Aluminum Doors And Windows Market.
India is shifting towards local production to meet its demand as we see the trend is shifting towards reducing imports. The import factor of Aluminum Doors And Windows Market in 2022 was 2.08 while in 2017 it was 6.97. Thailand, China, Türkiye, Rep. of Korea and Spain were among the top players of the market in 2022, where Thailand acquired the largest market share of 46.61% with a shipment value of 7.21 million USD in 2022 Thailand also offered the product above the average market price, but remained at the leadership position indicating the trust it holds in the Aluminum Doors And Windows Market. In 2017 United Arab Emirates had the largest market share of 41.97% with the shipment value of 8.09 million USD. The country was offering its product with an average price which is lower than the average market price offered in the country. As United Arab Emiratesprice is lower than the average price, it provided a significant edge among other competitor in 2017.
