Greece: Plastic Furniture Fittings Market 2024

Plastic Furniture Fittings Market Size in Greece

After seven years of growth, the Greek plastic furniture fittings market decreased by -35.5% to $X in 2021. In general, consumption, however, posted a resilient increase. Over the period under review, the market reached the maximum level at $X in 2020, and then fell notably in the following year.

Plastic Furniture Fittings Exports

Exports from Greece

In 2021, shipments abroad of plastic fittings for furniture increased by 78% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports showed a resilient increase. The most prominent rate of growth was recorded in 2020 with an increase of 168%. Over the period under review, the exports attained the maximum in 2021 and are likely to see steady growth in the near future.

In value terms, plastic furniture fittings exports soared to $X in 2021. In general, exports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 125% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in the near future.

Exports by Country

Saudi Arabia (X tons), Albania (X tons) and Bahrain (X tons) were the main destinations of plastic furniture fittings exports from Greece, with a combined 55% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Saudi Arabia (with a CAGR of +197.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for plastic furniture fittings exported from Greece were Saudi Arabia ($X), Bahrain ($X) and Albania ($X), with a combined 48% share of total exports.

Among the main countries of destination, Saudi Arabia, with a CAGR of +179.2%, saw 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 average plastic furniture fittings export price amounted to $X per ton, shrinking by -6.8% against the previous year. Over the period under review, export price indicated a mild expansion from 2012 to 2021: its price increased at an average annual rate of +1.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, plastic furniture fittings export price decreased by -21.8% against 2019 indices. The growth pace was the most rapid in 2018 when the average export price increased by 42% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bulgaria ($X per ton), while the average price for exports to Turkey ($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 Moldova (+35.5%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Furniture Fittings Imports

Imports into Greece

Plastic furniture fittings imports into Greece dropped significantly to X tons in 2021, falling by -21.7% against 2020. Overall, imports, however, recorded a buoyant increase. The pace of growth was the most pronounced in 2018 when imports increased by 96% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2020, and then declined remarkably in the following year.

In value terms, plastic furniture fittings imports declined to $X in 2021. Over the period under review, imports, however, continue to indicate a resilient expansion. The pace of growth was the most pronounced in 2017 when imports increased by 87%. Imports peaked at $X in 2020, and then declined in the following year.

Imports by Country

Turkey (X tons), China (X tons) and Italy (X tons) were the main suppliers of plastic furniture fittings imports to Greece, with a combined 73% share of total imports. These countries were followed by Serbia, Germany, Belgium, Austria and Bulgaria, which together accounted for a further 21%.

From 2012 to 2021, the biggest increases were recorded for Serbia (with a CAGR of +211.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Italy ($X) and Belgium ($X) appeared to be the largest plastic furniture fittings suppliers to Greece, together accounting for 54% of total imports. China, Germany, Austria, Serbia and Bulgaria lagged somewhat behind, together comprising a further 34%.

In terms of the main suppliers, Serbia, with a CAGR of +108.3%, saw 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 average plastic furniture fittings import price amounted to $X per ton, surging by 12% against the previous year. Overall, the import price, however, showed a abrupt contraction. The most prominent rate of growth was recorded in 2013 an increase of 30% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices failed to regain momentum.

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 Belgium ($X per ton), while the price for Serbia ($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 (+1.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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