EU: Plastic Furniture Fittings Market 2024

Plastic Furniture Fittings Market Size in the EU

The EU plastic furniture fittings market surged to $X in 2021, picking up by 35% against the previous year. In general, consumption enjoyed a prominent increase. Over the period under review, the market reached the maximum level in 2021 and is likely to continue growth in the near future.

Plastic Furniture Fittings Production in the EU

In value terms, plastic furniture fittings production skyrocketed to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Plastic Furniture Fittings Exports

Exports in the EU

In 2021, shipments abroad of plastic fittings for furniture was finally on the rise to reach X tons after two years of decline. The total export volume increased at an average annual rate of +2.2% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when exports increased by 9.8% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, plastic furniture fittings exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +4.3% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the exports reached the maximum at $X in 2018; afterwards, it flattened through to 2021.

Exports by Country

In 2021, Poland (X tons), distantly followed by Germany (X tons), Slovakia (X tons), the Czech Republic (X tons), Hungary (X tons) and France (X tons) were the major exporters of plastic fittings for furniture, together mixing up 79% of total exports. Portugal (X tons), Italy (X tons), Austria (X tons) and Spain (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key 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 the European Union were Germany ($X), Poland ($X) and Slovakia ($X), together accounting for 57% of total exports. The Czech Republic, France, Portugal, Hungary, Austria, Italy and Spain lagged somewhat behind, together comprising a further 34%.

Italy, with a CAGR of +10.5%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the European Union stood at $X per ton in 2021, increasing by 8.2% against the previous year. Over the last nine years, it increased at an average annual rate of +2.0%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+15.6%), while the other leaders experienced more modest paces of growth.

Plastic Furniture Fittings Imports

Imports in the EU

In 2021, purchases abroad of plastic fittings for furniture increased by 7.3% to X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by 20% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, plastic furniture fittings imports soared to $X in 2021. The total import value increased at an average annual rate of +4.7% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 19%. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The purchases of the seven major importers of plastic fittings for furniture, namely Germany, Poland, Slovakia, the Czech Republic, Spain, Hungary and France, represented more than two-thirds of total import. Sweden (X tons), Lithuania (X tons), Austria (X tons), Belgium (X tons), Italy (X tons) and Romania (X tons) held a relatively small share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main 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, Germany ($X) constitutes the largest market for imported plastic fittings for furniture in the European Union, comprising 27% of total imports. The second position in the ranking was taken by Poland ($X), with a 10% share of total imports. It was followed by the Czech Republic, with a 9.1% share.

In Germany, plastic furniture fittings imports increased at an average annual rate of +8.8% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Poland (-1.3% per year) and the Czech Republic (+5.1% per year).

Import Prices by Country

The import price in the European Union stood at $X per ton in 2021, with an increase of 7.9% against the previous year. Over the last nine years, it increased at an average annual rate of +4.5%. The pace of growth was the most pronounced in 2014 an increase of 16%. The level of import peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Belgium ($X per ton), while Lithuania ($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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