Austria: Plastic Furniture Fittings Market 2024

Plastic Furniture Fittings Market Size in Austria

The Austrian plastic furniture fittings market surged to $X in 2021, jumping by 63% against the previous year. Overall, consumption recorded significant growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Plastic Furniture Fittings Production in Austria

In value terms, plastic furniture fittings production skyrocketed to $X in 2021 estimated in export price. In general, the total production indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +9.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +73.0% against 2016 indices. The most prominent rate of growth was recorded in 2013 with an increase of 28% against the previous year. Over the period under review, production attained the maximum level in 2021 and is expected to retain growth in years to come.

Plastic Furniture Fittings Exports

Exports from Austria

For the third year in a row, Austria recorded growth in shipments abroad of plastic fittings for furniture, which increased by 16% to X tons in 2021. Over the period under review, exports, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2017 with an increase of 18%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, plastic furniture fittings exports soared to $X in 2021. Overall, total exports indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +40.7% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons), Hungary (X tons) and the Czech Republic (X tons) were the main destinations of plastic furniture fittings exports from Austria, together comprising 43% of total exports. These countries were followed by Poland, the United States, Italy, France, Japan, Russia, China, the UK and Slovakia, which together accounted for a further 35%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +16.3%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Hungary ($X) and Germany ($X) appeared to be the largest markets for plastic furniture fittings exported from Austria worldwide, with a combined 45% share of total exports.

In terms of the main countries of destination, Hungary, with a CAGR of +23.7%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average plastic furniture fittings export price stood at $X per ton in 2021, increasing by 15% against the previous year. Overall, the export price recorded a buoyant expansion. The growth pace was the most rapid in 2013 an increase of 63%. Over the period under review, the average export prices hit record highs at $X per ton in 2018; afterwards, it flattened through to 2021.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+24.1%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Furniture Fittings Imports

Imports into Austria

In 2021, purchases abroad of plastic fittings for furniture increased by 0.8% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when imports increased by 26%. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, plastic furniture fittings imports soared to $X in 2021. Overall, total imports indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +4.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 44% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, Germany (X tons) constituted the largest plastic furniture fittings supplier to Austria, with a 63% share of total imports. Moreover, plastic furniture fittings imports from Germany exceeded the figures recorded by the second-largest supplier, Hungary (X tons), sixfold. The third position in this ranking was held by Italy (X tons), with a 9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany totaled -2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+21.2% per year) and Italy (+5.5% per year).

In value terms, the largest plastic furniture fittings suppliers to Austria were Germany ($X), Hungary ($X) and Italy ($X), with a combined 85% share of total imports.

Hungary, with a CAGR of +37.0%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average plastic furniture fittings import price amounted to $X per ton, surging by 38% against the previous year. In general, import price indicated a pronounced expansion from 2012 to 2021: its price increased at an average annual rate of +4.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hungary ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+13.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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