Germany: Plastic Furniture Fittings Market 2024

Plastic Furniture Fittings Market Size in Germany

For the sixth consecutive year, the German plastic furniture fittings market recorded growth in sales value, which increased by 11% to $X in 2021. Overall, consumption, however, showed significant growth. Plastic furniture fittings consumption peaked in 2021 and is likely to see gradual growth in years to come.

Plastic Furniture Fittings Production in Germany

In value terms, plastic furniture fittings production reached $X in 2021 estimated in export price. Overall, production saw a relatively flat trend pattern. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Plastic Furniture Fittings Exports

Exports from Germany

In 2021, shipments abroad of plastic fittings for furniture increased by 11% to X tons for the first time since 2015, thus ending a five-year declining trend. Over the period under review, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of 16%. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports failed to regain momentum.

In value terms, plastic furniture fittings exports surged to $X in 2021. Overall, exports recorded a relatively flat trend pattern. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

The Czech Republic (X tons), Poland (X tons) and China (X tons) were the main destinations of plastic furniture fittings exports from Germany, together accounting for 31% of total exports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +11.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for plastic furniture fittings exported from Germany were China ($X), the United States ($X) and the Czech Republic ($X), together comprising 36% of total exports.

China, with a CAGR of +13.8%, recorded the highest growth rate of the value of exports, in terms of 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, growing by 4.5% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2017 an increase of 12%. The export price peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Slovakia ($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 France (+2.4%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Furniture Fittings Imports

Imports into Germany

In 2021, supplies from abroad of plastic fittings for furniture was finally on the rise to reach X tons after two years of decline. The total import volume increased at an average annual rate of +4.1% from 2012 to 2021; however, 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 43% against the previous year. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, plastic furniture fittings imports surged to $X in 2021. Over the period under review, total imports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +8.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of 37%. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

The Czech Republic (X tons), Poland (X tons) and Slovakia (X tons) were the main suppliers of plastic furniture fittings imports to Germany, together accounting for 47% of total imports. These countries were followed by Austria, the United States, China, Italy, France, Spain, the UK, Romania and the Netherlands, which together accounted for a further 41%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +27.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), Slovakia ($X) and Poland ($X) appeared to be the largest plastic furniture fittings suppliers to Germany, together accounting for 62% of total imports.

Slovakia, with a CAGR of +25.9%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average plastic furniture fittings import price amounted to $X per ton, growing by 21% against the previous year. In general, import price indicated notable growth from 2012 to 2021: its price increased at an average annual rate of +4.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 an increase of 25% against the previous year. Over the period under review, average import prices reached the peak figure in 2021 and is expected to retain 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 the Czech Republic ($X per ton), while the price for the United States ($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 (+14.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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