Eastern Europe: Plastic Furniture Fittings Market 2024

Plastic Furniture Fittings Market Size in Eastern Europe

In 2021, the East European plastic furniture fittings market increased by 0.7% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption, however, continues to indicate a deep downturn. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Plastic Furniture Fittings Production in Eastern Europe

In value terms, plastic furniture fittings production rose rapidly to $X in 2021 estimated in export price. Overall, production, however, showed a deep setback. The most prominent rate of growth was recorded in 2013 when the production volume increased by 21%. As a result, production reached the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Plastic Furniture Fittings Exports

Exports in Eastern Europe

In 2021, shipments abroad of plastic fittings for furniture was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +4.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when exports increased by 25%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, plastic furniture fittings exports soared to $X in 2021. Total exports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +6.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when exports increased by 22% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; afterwards, it flattened through to 2021.

Exports by Country

Poland represented the main exporter of plastic fittings for furniture in Eastern Europe, with the volume of exports reaching X tons, which was near 45% of total exports in 2021. Slovakia (X tons) took the second position in the ranking, distantly followed by the Czech Republic (X tons) and Hungary (X tons). All these countries together took approx. 48% share of total exports. The following exporters - Estonia (X tons) and Lithuania (X tons) - each resulted at a 3.9% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Slovakia (with a CAGR of +12.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest plastic furniture fittings supplying countries in Eastern Europe were Poland ($X), Slovakia ($X) and the Czech Republic ($X), together comprising 84% of total exports.

In terms of the main exporting countries, Slovakia, with a CAGR of +10.2%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Eastern Europe amounted to $X per ton, with an increase of 9.1% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.3%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+6.1%), while the other leaders experienced more modest paces of growth.

Plastic Furniture Fittings Imports

Imports in Eastern Europe

After three years of decline, overseas purchases of plastic fittings for furniture increased by 9.5% to X tons in 2021. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when imports increased by 24% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, plastic furniture fittings imports rose significantly to $X in 2021. The total import value increased at an average annual rate of +4.0% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when imports increased by 34% against the previous year. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

The countries with the highest levels of plastic furniture fittings imports in 2021 were Poland (X tons), Slovakia (X tons) and the Czech Republic (X tons), together finishing at 60% of total import. Hungary (X tons) ranks next in terms of the total imports with an 11% share, followed by Russia (8%), Ukraine (6.6%) and Lithuania (5.2%).

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Hungary (with a CAGR of +11.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest plastic furniture fittings importing markets in Eastern Europe were Poland ($X), the Czech Republic ($X) and Slovakia ($X), together comprising 56% of total imports. Hungary, Russia, Ukraine and Lithuania lagged somewhat behind, together comprising a further 37%.

In terms of the main importing countries, Ukraine, with a CAGR of +9.5%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Eastern Europe amounted to $X per ton, flattening at the previous year. Over the last nine-year period, it increased at an average annual rate of +4.7%. The pace of growth appeared the most rapid in 2013 an increase of 29%. The level of import peaked at $X per ton in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Russia ($X per ton), while Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovakia (+11.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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