Czech Republic: Plastic Furniture Fittings Market 2024

Plastic Furniture Fittings Market Size in the Czech Republic

After three years of decline, the Czech plastic furniture fittings market increased by 17% to $X in 2021. In general, consumption continues to indicate significant growth. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Plastic Furniture Fittings Production in the Czech Republic

In value terms, plastic furniture fittings production amounted to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the production volume increased by 123% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

Plastic Furniture Fittings Exports

Exports from the Czech Republic

In 2021, after two years of decline, there was significant growth in shipments abroad of plastic fittings for furniture, when their volume increased by 6.6% to X tons. Over the period under review, exports, however, recorded a perceptible reduction. The growth pace was the most rapid in 2013 with an increase of 16%. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, plastic furniture fittings exports expanded markedly to $X in 2021. Overall, total exports indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +2.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -31.3% against 2018 indices. The pace of growth was the most pronounced in 2017 with an increase of 22% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Germany (X tons), Slovakia (X tons) and Poland (X tons) were the main destinations of plastic furniture fittings exports from the Czech Republic, with a combined 75% share of total exports. These countries were followed by Romania, Hungary, Austria, Spain, Italy, Russia and France, which together accounted for a further 17%.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +26.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for plastic fittings for furniture exports from the Czech Republic, comprising 47% of total exports. The second position in the ranking was held by Slovakia ($X), with a 13% share of total exports. It was followed by Poland, with an 8.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany totaled +2.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+6.1% per year) and Poland (+8.0% per year).

Export Prices by Country

In 2021, the average plastic furniture fittings export price amounted to $X per ton, increasing by 5.5% against the previous year. In general, export price indicated a strong expansion from 2012 to 2021: its price increased at an average annual rate of +6.1% 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 export price increased by +6.1% against 2019 indices. The pace of growth appeared the most rapid in 2014 when the average export price increased by 30%. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Slovakia ($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 Poland (+11.2%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Furniture Fittings Imports

Imports into the Czech Republic

In 2021, supplies from abroad of plastic fittings for furniture was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. In general, total imports indicated a moderate increase from 2012 to 2021: its volume increased at an average annual rate of +4.0% 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 decreased by -29.4% against 2017 indices. The pace of growth was the most pronounced in 2015 when imports increased by 49% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, plastic furniture fittings imports fell slightly to $X in 2021. Overall, total imports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -27.7% against 2018 indices. The pace of growth was the most pronounced in 2016 when imports increased by 24%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Germany (X tons) constituted the largest plastic furniture fittings supplier to the Czech Republic, accounting for a 53% share of total imports. Moreover, plastic furniture fittings imports from Germany exceeded the figures recorded by the second-largest supplier, Slovakia (X tons), threefold. Poland (X tons) ranked third in terms of total imports with a 5.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany totaled +5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (+11.3% per year) and Poland (-8.9% per year).

In value terms, Germany ($X) constituted the largest supplier of plastic fittings for furniture to the Czech Republic, comprising 46% of total imports. The second position in the ranking was taken by Poland ($X), with an 8.2% share of total imports. It was followed by Slovakia, with a 7.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to +3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+2.6% per year) and Slovakia (+4.9% per year).

Import Prices by Country

In 2021, the average plastic furniture fittings import price amounted to $X per ton, waning by -5% against the previous year. Over the last nine years, it increased at an average annual rate of +1.0%. The pace of growth appeared the most rapid in 2016 an increase of 16% against the previous year. The import price peaked at $X per ton in 2020, and then fell in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was France ($X per ton), while the price for Slovakia ($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 (+16.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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