Croatia: Plastic Furniture Fittings Market 2024

Plastic Furniture Fittings Market Size in Croatia

In 2021, the Croatian plastic furniture fittings market decreased by -81.1% to $X, falling for the fifth year in a row after five years of growth. In general, consumption showed a abrupt curtailment. Plastic furniture fittings consumption peaked at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Plastic Furniture Fittings Production in Croatia

In value terms, plastic furniture fittings production surged to $X in 2021 estimated in export price. Overall, production, however, showed significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 398% against the previous year. Plastic furniture fittings production peaked in 2021 and is likely to continue growth in the immediate term.

Plastic Furniture Fittings Exports

Exports from Croatia

In 2021, plastic furniture fittings exports from Croatia soared to X tons, surging by 60% on 2020 figures. Over the period under review, exports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2016 with an increase of 235% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are likely to see gradual growth in the immediate term.

In value terms, plastic furniture fittings exports surged to $X in 2021. Overall, exports saw a prominent expansion. The growth pace was the most rapid in 2016 with an increase of 84%. The exports peaked in 2021 and are likely to see steady growth in years to come.

Exports by Country

Germany (X tons) was the main destination for plastic furniture fittings exports from Croatia, with a 79% share of total exports. Moreover, plastic furniture fittings exports to Germany exceeded the volume sent to the second major destination, Bosnia and Herzegovina (X tons), sixfold. The third position in this ranking was held by Russia (X tons), with a 0.9% share.

From 2012 to 2021, the average annual growth rate of volume to Germany stood at +43.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (+23.8% per year) and Russia (-9.7% per year).

In value terms, Germany ($X) remains the key foreign market for plastic fittings for furniture exports from Croatia, comprising 71% of total exports. The second position in the ranking was held by Bosnia and Herzegovina ($X), with an 8.6% share of total exports. It was followed by Russia, with a 4.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany stood at +28.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (+17.1% per year) and Russia (-6.2% per year).

Export Prices by Country

The average plastic furniture fittings export price stood at $X per ton in 2021, dropping by -23% against the previous year. In general, the export price saw a abrupt downturn. The growth pace was the most rapid in 2014 when the average export price increased by 84%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Bosnia and Herzegovina ($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 Austria (+7.3%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Furniture Fittings Imports

Imports into Croatia

In 2021, the amount of plastic fittings for furniture imported into Croatia contracted significantly to X tons, shrinking by -17.2% against the previous year's figure. Overall, imports showed a slight shrinkage. The growth pace was the most rapid in 2020 when imports increased by 31% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, plastic furniture fittings imports rose rapidly to $X in 2021. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 15%. Imports peaked in 2021 and are likely to continue growth in the near future.

Imports by Country

Portugal (X tons), Italy (X tons) and Hungary (X tons) were the main suppliers of plastic furniture fittings imports to Croatia, together comprising 47% of total imports.

From 2012 to 2021, the biggest increases were recorded for Portugal (with a CAGR of +97.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Portugal ($X), Germany ($X) and Slovenia ($X) appeared to be the largest plastic furniture fittings suppliers to Croatia, together comprising 40% of total imports.

Portugal, with a CAGR of +84.0%, 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

In 2021, the average plastic furniture fittings import price amounted to $X per ton, rising by 27% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.5%. 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 France ($X per ton), while the price for Serbia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+11.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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