Brazil: Plastic Furniture Fittings Market 2024

Plastic Furniture Fittings Market Size in Brazil

In 2021, after two years of decline, there was significant growth in the Brazilian plastic furniture fittings market, when its value increased by 16% to $X. Over the period under review, the total consumption indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +3.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -20.7% against 2018 indices. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Plastic Furniture Fittings Production in Brazil

In value terms, plastic furniture fittings production skyrocketed to $X in 2021 estimated in export price. Overall, the total production indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +3.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -21.6% against 2018 indices. The growth pace was the most rapid in 2017 with an increase of 31% against the previous year. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Plastic Furniture Fittings Exports

Exports from Brazil

In 2021, shipments abroad of plastic fittings for furniture increased by 24% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports, however, continue to indicate a mild decrease. The growth pace was the most rapid in 2017 with an increase of 26% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, plastic furniture fittings exports skyrocketed to $X in 2021. In general, exports, however, saw a pronounced decline. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Argentina (X tons) was the main destination for plastic furniture fittings exports from Brazil, with a 56% share of total exports. Moreover, plastic furniture fittings exports to Argentina exceeded the volume sent to the second major destination, Paraguay (X tons), sevenfold. Bolivia (X tons) ranked third in terms of total exports with a 6.2% share.

From 2012 to 2021, the average annual growth rate of volume to Argentina stood at -2.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (+2.0% per year) and Bolivia (+2.8% per year).

In value terms, Argentina ($X) remains the key foreign market for plastic fittings for furniture exports from Brazil, comprising 64% of total exports. The second position in the ranking was taken by Uzbekistan ($X), with a 5.4% share of total exports. It was followed by the United States, with a 4.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Argentina totaled -4.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (+13.9% per year) and the United States (+18.8% per year).

Export Prices by Country

The average plastic furniture fittings export price stood at $X per ton in 2021, growing by 18% against the previous year. In general, the export price, however, saw a pronounced decline. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Colombia ($X per ton), while the average price for exports to Norway ($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 Norway (+21.1%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Furniture Fittings Imports

Imports into Brazil

After three years of decline, overseas purchases of plastic fittings for furniture increased by 37% to X tons in 2021. Overall, imports, however, continue to indicate a relatively flat trend pattern. 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 skyrocketed to $X in 2021. In general, total imports indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +3.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), South Korea (X tons) and Germany (X tons) were the main suppliers of plastic furniture fittings imports to Brazil, with a combined 46% share of total imports. These countries were followed by the Czech Republic, Mexico, India, the United States, Italy, Thailand, Romania, France, Croatia and Japan, which together accounted for a further 44%.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +51.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest plastic furniture fittings suppliers to Brazil were China ($X), Germany ($X) and South Korea ($X), with a combined 36% share of total imports. These countries were followed by the United States, the Czech Republic, Mexico, Thailand, Japan, France, Romania, Croatia, Italy and India, which together accounted for a further 52%.

Croatia, with a CAGR of +60.5%, saw the highest rates of growth with regard to the value of imports, among 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, increasing by 18% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.6%. The pace of growth was the most pronounced in 2013 when the average import price increased by 28% against the previous year. The import price peaked in 2021 and is likely to continue growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Croatia (+14.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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