Wooden Frame Market Overview in India
In value terms, wooden frame production amounted to $ in 2019 estimated in export prices. The total output value increased at an average annual rate of +% from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2010 when the production volume increased by % y-o-y. Over the period under review, production hit record highs in 2019 and is expected to retain growth in the immediate term.
The value of the wooden frame market in India amounted to $ in 2019, picking up by % 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 +% from 2007 to 2019; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2018 when the market value increased by % year-to-year. Over the period under review, the market attained the maximum level in 2019 and is likely to see gradual growth in the near future.