CIS: Plastic Furniture Fittings Market 2024

Plastic Furniture Fittings Market Size in CIS

The CIS plastic furniture fittings market contracted to $X in 2021, falling by -6.4% against the previous year. Over the period under review, consumption, however, continues to indicate a abrupt shrinkage. The level of consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Plastic Furniture Fittings Production in CIS

In value terms, plastic furniture fittings production shrank to $X in 2021 estimated in export price. In general, production, however, saw a abrupt decrease. The growth pace was the most rapid in 2020 when the production volume increased by 29% against the previous year. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Plastic Furniture Fittings Exports

Exports in CIS

For the third year in a row, the CIS recorded growth in shipments abroad of plastic fittings for furniture, which increased by 14% to X tons in 2021. Overall, exports recorded strong growth. The most prominent rate of growth was recorded in 2015 with an increase of 48%. Over the period under review, the exports reached the peak figure in 2021 and are likely to continue growth in the near future.

In value terms, plastic furniture fittings exports expanded remarkably to $X in 2021. In general, exports showed prominent growth. The most prominent rate of growth was recorded in 2019 with an increase of 43%. The level of export peaked in 2021 and is likely to see gradual growth in years to come.

Exports by Country

Russia was the major exporting country with an export of about X tons, which amounted to 73% of total exports. Belarus (X tons) took a 10% share (based on physical terms) of total exports, which put it in second place, followed by Armenia (8.9%) and Uzbekistan (6.1%).

Exports from Russia increased at an average annual rate of +6.9% from 2012 to 2021. At the same time, Armenia (+14.5%), Belarus (+5.9%) and Uzbekistan (+3.0%) displayed positive paces of growth. Moreover, Armenia emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +14.5% from 2012-2021. Uzbekistan (+6.1 p.p.), Armenia (+4.3 p.p.) and Russia (+3.8 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) remains the largest plastic furniture fittings supplier in the CIS, comprising 79% of total exports. The second position in the ranking was taken by Belarus ($X), with a 14% share of total exports. It was followed by Uzbekistan, with a 3.4% share.

In Russia, plastic furniture fittings exports increased at an average annual rate of +6.9% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Belarus (+8.6% per year) and Uzbekistan (+16.9% per year).

Export Prices by Country

In 2021, the export price in the CIS amounted to $X per ton, dropping by -3.2% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the export price increased by 30% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Belarus ($X per ton), while Armenia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+13.5%), while the other leaders experienced more modest paces of growth.

Plastic Furniture Fittings Imports

Imports in CIS

In 2021, purchases abroad of plastic fittings for furniture was finally on the rise to reach X tons after two years of decline. The total import volume increased at an average annual rate of +4.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 with an increase of 58% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, plastic furniture fittings imports soared to $X in 2021. Total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +8.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +64.5% against 2019 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 114% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Russia dominates imports structure, reaching X tons, which was near 68% of total imports in 2021. Kazakhstan (X tons) held a 9.6% share (based on physical terms) of total imports, which put it in second place, followed by Belarus (7.2%) and Uzbekistan (6.1%). The following importers - Azerbaijan (X tons) and Moldova (X tons) - together made up 7.1% of total imports.

Imports into Russia increased at an average annual rate of +5.6% from 2012 to 2021. At the same time, Uzbekistan (+16.1%), Moldova (+11.4%), Kazakhstan (+9.3%), Belarus (+7.9%) and Azerbaijan (+2.2%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +16.1% from 2012-2021. From 2012 to 2021, the share of Uzbekistan, Russia, Kazakhstan and Belarus increased by +6.1, +5.9, +3.2 and +1.8 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported plastic fittings for furniture in the CIS, comprising 83% of total imports. The second position in the ranking was taken by Belarus ($X), with a 5.4% share of total imports. It was followed by Kazakhstan, with a 3.5% share.

In Russia, plastic furniture fittings imports increased at an average annual rate of +8.2% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Belarus (+5.6% per year) and Kazakhstan (+4.7% per year).

Import Prices by Country

The import price in the CIS stood at $X per ton in 2021, surging by 16% against the previous year. Import price indicated a temperate expansion from 2012 to 2021: its price increased at an average annual rate of +3.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, plastic furniture fittings import price increased by +57.3% against 2019 indices. The pace of growth appeared the most rapid in 2020 an increase of 36% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Russia ($X per ton), while Azerbaijan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Azerbaijan (+14.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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