Denmark: Plastic Furniture Fittings Market 2024

Plastic Furniture Fittings Market Size in Denmark

The Danish plastic furniture fittings market soared to $X in 2021, growing by 63% against the previous year. In general, consumption saw a resilient expansion. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market failed to regain momentum.

Plastic Furniture Fittings Production in Denmark

In value terms, plastic furniture fittings production soared to $X in 2021 estimated in export price. Over the period under review, production posted moderate growth. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Plastic Furniture Fittings Exports

Exports from Denmark

In 2021, shipments abroad of plastic fittings for furniture decreased by -11.3% to X tons, falling for the third consecutive year after two years of growth. In general, exports showed a perceptible shrinkage. The pace of growth was the most pronounced in 2018 when exports increased by 11% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, plastic furniture fittings exports stood at $X in 2021. Over the period under review, exports recorded a noticeable decline. The pace of growth was the most pronounced in 2018 with an increase of 7.5%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons), Sweden (X tons) and Norway (X tons) were the main destinations of plastic furniture fittings exports from Denmark, with a combined 47% share of total exports. These countries were followed by Poland, France, Latvia, the UK, Italy, the Netherlands, Finland, Slovakia, Iceland and Australia, which together accounted for a further 36%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Iceland (with a CAGR of +35.2%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Sweden ($X) and Poland ($X) constituted the largest markets for plastic furniture fittings exported from Denmark worldwide, together comprising 50% of total exports. Norway, the Netherlands, France, the UK, Italy, Latvia, Finland, Slovakia, Iceland and Australia lagged somewhat behind, together comprising a further 33%.

Iceland, with a CAGR of +34.5%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average plastic furniture fittings export price amounted to $X per ton, surging by 14% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2014 an increase of 21%. Over the period under review, the average export prices hit record highs in 2021 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Latvia ($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 Sweden (+10.3%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Furniture Fittings Imports

Imports into Denmark

In 2021, purchases abroad of plastic fittings for furniture increased by 13% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports, however, recorded a relatively flat trend pattern. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, plastic furniture fittings imports soared to $X in 2021. The total import value increased at an average annual rate of +2.0% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), Lithuania (X tons) and the Netherlands (X tons) were the main suppliers of plastic furniture fittings imports to Denmark, together comprising 54% of total imports.

From 2012 to 2021, the biggest increases were recorded for Lithuania (with a CAGR of +88.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of plastic fittings for furniture to Denmark, comprising 37% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 12% share of total imports. It was followed by Sweden, with an 8.1% share.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to +1.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+2.3% per year) and Sweden (-0.1% per year).

Import Prices by Country

The average plastic furniture fittings import price stood at $X per ton in 2021, rising by 21% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.9%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Sweden ($X per ton), while the price for Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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