Benelux: Plastic Furniture Market 2024

Plastic Furniture Market Size in Benelux

The Benelux plastic furniture market skyrocketed to $X in 2021, picking up by 41% against the previous year. The market value increased at an average annual rate of +4.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Plastic Furniture Production in Benelux

In value terms, plastic furniture production surged to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a perceptible curtailment. The growth pace was the most rapid in 2017 with an increase of 54% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Plastic Furniture Exports

Exports in Benelux

In 2021, the amount of furniture of plastic exported in Benelux surged to X units, growing by 24% compared with the previous year's figure. Over the period under review, exports recorded strong growth. The most prominent rate of growth was recorded in 2020 with an increase of 76%. The volume of export peaked in 2021 and is likely to see gradual growth in the near future.

In value terms, plastic furniture exports soared to $X in 2021. In general, exports continue to indicate a resilient increase. The growth pace was the most rapid in 2020 with an increase of 73% against the previous year. The level of export peaked in 2021 and is likely to see steady growth in years to come.

Exports by Country

The Netherlands was the key exporting country with an export of about X units, which reached 66% of total exports. Belgium (X units) held the second position in the ranking, distantly followed by Luxembourg (X units). All these countries together took approx. 34% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to plastic furniture exports from the Netherlands stood at +10.2%. At the same time, Luxembourg (+65.7%) and Belgium (+2.9%) displayed positive paces of growth. Moreover, Luxembourg emerged as the fastest-growing exporter exported in Benelux, with a CAGR of +65.7% from 2012-2021. Luxembourg (+8.2 p.p.) and the Netherlands (+8 p.p.) significantly strengthened its position in terms of the total exports, while Belgium saw its share reduced by -16.2% from 2012 to 2021, respectively.

In value terms, the Netherlands ($X) remains the largest plastic furniture supplier in Benelux, comprising 73% of total exports. The second position in the ranking was taken by Belgium ($X), with a 22% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in the Netherlands stood at +8.6%. The remaining exporting countries recorded the following average annual rates of exports growth: Belgium (+0.1% per year) and Luxembourg (+49.4% per year).

Export Prices by Country

The export price in Benelux stood at $X per unit in 2021, waning by -3.2% against the previous year. Over the period under review, the export price continues to indicate a pronounced reduction. The growth pace was the most rapid in 2019 when the export price increased by 18% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was the Netherlands ($X per unit), while Luxembourg ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (-1.5%), while the other leaders experienced a decline in the export price figures.

Plastic Furniture Imports

Imports in Benelux

In 2021, the amount of furniture of plastic imported in Benelux soared to X units, rising by 33% against 2020 figures. In general, imports saw a buoyant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 44%. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the near future.

In value terms, plastic furniture imports soared to $X in 2021. Total imports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.4% 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 +126.3% against 2015 indices. The most prominent rate of growth was recorded in 2020 with an increase of 38% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are likely to see gradual growth in years to come.

Imports by Country

The Netherlands represented the key importing country with an import of about X units, which recorded 65% of total imports. It was distantly followed by Belgium (X units), comprising a 34% share of total imports.

From 2012 to 2021, the biggest increases were in the Netherlands (with a CAGR of +13.5%).

In value terms, the Netherlands ($X) and Belgium ($X) constituted the countries with the highest levels of imports in 2021.

Among the main importing countries, the Netherlands, with a CAGR of +9.7%, recorded the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

In 2021, the import price in Benelux amounted to $X per unit, shrinking by -5% against the previous year. In general, the import price continues to indicate a pronounced descent. The most prominent rate of growth was recorded in 2017 when the import price increased by 9.7%. Over the period under review, import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2021, the country with the highest price was Belgium ($X per unit), while the Netherlands totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (-2.9%).

Source: IndexBox Platform