Europe: Plastic Furniture Fittings Market 2024

Plastic Furniture Fittings Market Size in Europe

In 2021, the Europe plastic furniture fittings market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. Over the period under review, consumption, however, saw a slight decrease. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Plastic Furniture Fittings Production in Europe

In value terms, plastic furniture fittings production expanded markedly to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a deep reduction. The growth pace was the most rapid in 2013 with an increase of 20% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Plastic Furniture Fittings Exports

Exports in Europe

In 2021, overseas shipments of plastic fittings for furniture were 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 +2.2% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, plastic furniture fittings exports soared to $X in 2021. The total export value increased at an average annual rate of +4.2% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of export peaked 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 key exporters of plastic fittings for furniture, together generating 77% of total exports. Portugal (X tons), Italy (X tons), Austria (X tons), Spain (X tons) and the UK (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Slovakia (with a CAGR of +12.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest plastic furniture fittings supplying countries in Europe were Germany ($X), Poland ($X) and Slovakia ($X), with a combined 55% share of total exports. The Czech Republic, France, Portugal, Hungary, Austria, Italy, the UK and Spain lagged somewhat behind, together accounting for a further 35%.

Italy, with a CAGR of +10.5%, saw 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 Europe stood at $X per ton in 2021, increasing by 8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.9%. 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 Europe

After two years of decline, purchases abroad of plastic fittings for furniture increased by 6.8% to X tons in 2021. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 22% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, plastic furniture fittings imports surged to $X in 2021. The total import value increased at an average annual rate of +4.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 with an increase of 20%. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

The countries with the highest levels of plastic furniture fittings imports in 2021 were Germany (X tons), Poland (X tons), Slovakia (X tons), the Czech Republic (X tons), the UK (X tons), Spain (X tons), Hungary (X tons), France (X tons), Russia (X tons), Ukraine (X tons), Sweden (X tons) and Lithuania (X tons), together amounting to 82% of total import.

From 2012 to 2021, the biggest increases were recorded for Hungary (with a CAGR of +11.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constitutes the largest market for imported plastic fittings for furniture in Europe, comprising 23% of total imports. The second position in the ranking was held by Poland ($X), with an 8.5% share of total imports. It was followed by the Czech Republic, with a 7.7% share.

From 2012 to 2021, the average annual growth rate of value in Germany amounted to +8.8%. The remaining importing countries recorded the following average annual rates of imports growth: Poland (-1.3% per year) and the Czech Republic (+5.1% per year).

Import Prices by Country

In 2021, the import price in Europe amounted to $X per ton, with an increase of 8.4% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.0%. The growth pace was the most rapid in 2014 when the import price increased by 14%. The level of import peaked in 2021 and is expected to retain growth in years to come.

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 Germany ($X per ton), while Lithuania ($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