Belgium: Plastic Furniture Market 2024

Plastic Furniture Market Size in Belgium

The Belgian plastic furniture market skyrocketed to $X in 2021, picking up by 57% against the previous year. Over the period under review, the total consumption indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +2.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +90.3% against 2018 indices. Plastic furniture consumption peaked at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Plastic Furniture Production in Belgium

In value terms, plastic furniture production fell to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a deep setback. The pace of growth appeared the most rapid in 2020 when the production volume increased by 35% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Plastic Furniture Exports

Exports from Belgium

In 2021, exports of furniture of plastic from Belgium surged to X units, rising by 19% against 2020 figures. Overall, exports recorded a temperate expansion. The pace of growth was the most pronounced in 2020 when exports increased by 121% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to continue growth in years to come.

In value terms, plastic furniture exports soared to $X in 2021. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 120%. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

France (X units), the Netherlands (X units) and the UK (X units) were the main destinations of plastic furniture exports from Belgium, together accounting for 74% of total exports. These countries were followed by Germany, Italy, Ireland, Spain and Luxembourg, which together accounted for a further 18%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ireland (with a CAGR of +55.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for plastic furniture exported from Belgium were the Netherlands ($X), France ($X) and Germany ($X), with a combined 73% share of total exports. The UK, Italy, Luxembourg, Spain and Ireland lagged somewhat behind, together accounting for a further 17%.

Among the main countries of destination, Ireland, with a CAGR of +42.5%, recorded the highest growth rate of 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 export price stood at $X per unit in 2021, almost unchanged from the previous year. Over the period under review, the export price recorded a noticeable shrinkage. The pace of growth was the most pronounced in 2019 when the average export price increased by 61% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Germany ($X per unit), while the average price for exports to Ireland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+4.4%), while the prices for the other major destinations experienced a decline.

Plastic Furniture Imports

Imports into Belgium

In 2021, approx. X units of furniture of plastic were imported into Belgium; jumping by 38% against 2020 figures. Overall, total imports indicated a noticeable expansion from 2012 to 2021: its volume increased at an average annual rate of +3.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +62.3% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, plastic furniture imports soared to $X in 2021. Over the period under review, imports saw a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X units), Italy (X units) and the Netherlands (X units) were the main suppliers of plastic furniture imports to Belgium, with a combined 76% share of total imports. Germany, Israel, Austria, Turkey, France and Poland lagged somewhat behind, together comprising a further 17%.

From 2012 to 2021, the biggest increases were in Austria (with a CAGR of +24.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest plastic furniture suppliers to Belgium were China ($X), Italy ($X) and the Netherlands ($X), together comprising 67% of total imports. Germany, Israel, France, Turkey, Poland and Austria lagged somewhat behind, together accounting for a further 22%.

Turkey, with a CAGR of +15.5%, saw 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

The average plastic furniture import price stood at $X per unit in 2021, rising by 3.5% against the previous year. Overall, the import price, however, continues to indicate a noticeable contraction. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was France ($X per unit), while the price for Austria ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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