Europe: Plastic Furniture Market 2024

Plastic Furniture Market Size in Europe

The Europe plastic furniture market surged to $X in 2021, increasing by 16% against the previous year. The market value increased at an average annual rate of +1.5% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Plastic Furniture Production in Europe

In value terms, plastic furniture production expanded markedly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.1% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 27%. The level of production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Plastic Furniture Exports

Exports in Europe

In 2021, the amount of furniture of plastic exported in Europe skyrocketed to X units, jumping by 22% against 2020. Total exports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +60.3% against 2015 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, plastic furniture exports soared to $X in 2021. The total export value increased at an average annual rate of +3.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of 19% against the previous year. The level of export peaked in 2021 and is likely to see steady growth in the immediate term.

Exports by Country

Italy represented the key exporter of furniture of plastic in Europe, with the volume of exports accounting for X units, which was approx. 47% of total exports in 2021. The Netherlands (X units) ranks second in terms of the total exports with a 10% share, followed by Poland (9.4%), Spain (5.9%) and Germany (5.8%). Belgium (X units), the Czech Republic (X units), Portugal (X units), France (X units), the UK (X units) and Denmark (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to plastic furniture exports from Italy stood at +4.0%. At the same time, the Czech Republic (+33.2%), Spain (+13.4%), Denmark (+11.5%), the Netherlands (+10.2%), Poland (+8.0%), Portugal (+7.3%), Germany (+3.0%) and Belgium (+2.9%) displayed positive paces of growth. Moreover, the Czech Republic emerged as the fastest-growing exporter exported in Europe, with a CAGR of +33.2% from 2012-2021. By contrast, France (-2.6%) and the UK (-5.4%) illustrated a downward trend over the same period. The Netherlands (+3.4 p.p.), the Czech Republic (+3 p.p.), Spain (+2.9 p.p.) and Poland (+2 p.p.) significantly strengthened its position in terms of the total exports, while France, the UK and Italy saw its share reduced by -2%, -3.1% and -5.1% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Italy ($X) remains the largest plastic furniture supplier in Europe, comprising 29% of total exports. The second position in the ranking was taken by the Netherlands ($X), with an 11% share of total exports. It was followed by Germany, with a 9.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Italy totaled +1.7%. In the other countries, the average annual rates were as follows: the Netherlands (+8.6% per year) and Germany (-0.9% per year).

Export Prices by Country

The export price in Europe stood at $X per unit in 2021, shrinking by -2.6% against the previous year. In general, the export price showed a slight setback. The pace of growth appeared the most rapid in 2018 an increase of 13%. Over the period under review, the export prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was the UK ($X per unit), while Italy ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+4.5%), while the other leaders experienced more modest paces of growth.

Plastic Furniture Imports

Imports in Europe

For the third consecutive year, Europe recorded growth in overseas purchases of furniture of plastic, which increased by 21% to X units in 2021. The total import volume increased at an average annual rate of +5.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, plastic furniture imports soared to $X in 2021. The total import value increased at an average annual rate of +3.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

France (X units), the UK (X units), Germany (X units), Spain (X units) and the Netherlands (X units) represented roughly 64% of total imports in 2021. The following importers - Belgium (X units), Russia (X units), Italy (X units), Poland (X units), Denmark (X units), Sweden (X units), Ireland (X units) and the Czech Republic (X units) - together made up 22% of total imports.

From 2012 to 2021, the biggest increases were in Ireland (with a CAGR of +15.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest plastic furniture importing markets in Europe were the UK ($X), France ($X) and Germany ($X), together accounting for 47% of total imports. The Netherlands, Spain, Belgium, Russia, Poland, Italy, the Czech Republic, Sweden, Denmark and Ireland lagged somewhat behind, together accounting for a further 36%.

Among the main importing countries, the Czech Republic, with a CAGR of +14.3%, saw the highest growth rate of 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

The import price in Europe stood at $X per unit in 2021, with an increase of 5.9% against the previous year. Over the period under review, the import price, however, saw a mild downturn. Over the period under review, import prices attained the maximum at $X per unit in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was the Czech Republic ($X per unit), while Spain ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+2.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform