Report Update Nov 1, 2024

Iran - Plastic Fittings for Furniture - Market Analysis, Forecast, Size, Trends and Insights

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Iran: Plastic Furniture Fittings Market 2024

Plastic Furniture Fittings Market Size in Iran

In 2021, the Iranian plastic furniture fittings market increased by 67% to $X for the first time since 2017, thus ending a three-year declining trend. Overall, consumption, however, showed a deep downturn. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Plastic Furniture Fittings Exports

Exports from Iran

In 2021, shipments abroad of plastic fittings for furniture increased by 979% to X tons for the first time since 2016, thus ending a four-year declining trend. Over the period under review, exports showed a significant expansion. The pace of growth appeared the most rapid in 2016 when exports increased by 29,672% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2021, the growth of the exports remained at a lower figure.

In value terms, plastic furniture fittings exports soared to $X in 2021. In general, exports continue to indicate a prominent expansion. The growth pace was the most rapid in 2016 when exports increased by 14,126% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Azerbaijan (X tons) and Tajikistan (X tons) were the main destinations of plastic furniture fittings exports from Iran.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Tajikistan (with a CAGR of +434.0%).

In value terms, Azerbaijan ($X) emerged as the key foreign market for plastic fittings for furniture exports from Iran, comprising 67% of total exports. The second position in the ranking was held by Tajikistan ($X), with a 23% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Azerbaijan stood at -34.4%.

Export Prices by Country

In 2021, the average plastic furniture fittings export price amounted to $X per ton, falling by -28.6% against the previous year. In general, the export price faced a deep slump. The most prominent rate of growth was recorded in 2017 an increase of 109% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Azerbaijan ($X per ton), while the average price for exports to Tajikistan amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Azerbaijan (+5.5%), while the prices for the other major destinations experienced mixed trend patterns.

Plastic Furniture Fittings Imports

Imports into Iran

In 2021, overseas purchases of plastic fittings for furniture were finally on the rise to reach X tons after three years of decline. Over the period under review, imports, however, showed a drastic downturn. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, plastic furniture fittings imports soared to $X in 2021. Overall, imports, however, continue to indicate a noticeable slump. The most prominent rate of growth was recorded in 2017 when imports increased by 138% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) was the main plastic furniture fittings supplier to Iran, with a 90% share of total imports. Moreover, plastic furniture fittings imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from China stood at -8.8%.

In value terms, China ($X) constituted the largest supplier of plastic fittings for furniture to Iran, comprising 70% of total imports. The second position in the ranking was held by Turkey ($X), with a 6.2% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at -2.6%.

Import Prices by Country

The average plastic furniture fittings import price stood at $X per ton in 2021, declining by -7% against the previous year. Overall, the import price, however, recorded a prominent expansion. The growth pace was the most rapid in 2020 when the average import price increased by 101% against the previous year. As a result, import price reached the peak level of $X per ton, and then shrank in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for China stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+6.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for plastic fittings for furniture in the world?

The country with the largest volume of plastic furniture fittings consumption was China, comprising approx. 24% of total volume. Moreover, plastic furniture fittings consumption in China exceeded the figures recorded by the second-largest consumer, Russia, twofold. India ranked third in terms of total consumption with an 8.5% share.

What are the largest producers of plastic fittings for furniture in the world?

China remains the largest plastic furniture fittings producing country worldwide, accounting for 30% of total volume. Moreover, plastic furniture fittings production in China exceeded the figures recorded by the second-largest producer, Russia, threefold. India ranked third in terms of total production with an 8.5% share.

What are the leading suppliers of plastic fittings for furniture to Iran?

In value terms, the largest plastic furniture fittings suppliers to Iran were China, Italy and Turkey, with a combined 86% share of total imports.

What are the leading importers of plastic fittings for furniture from Iran?

In value terms, the largest markets for plastic furniture fittings exported from Iran were Tajikistan, Armenia and Kuwait, together accounting for 83% of total exports. Azerbaijan and Lebanon lagged somewhat behind, together accounting for a further 9%.

What is the average export price for plastic fittings for furniture in Iran?

In 2020, the average plastic furniture fittings export price amounted to $2,421 per ton, declining by -31.2% against the previous year.

What is the average import price for plastic fittings for furniture in Iran?

In 2020, the average plastic furniture fittings import price amounted to $5,948 per ton, growing by 96% against the previous year.

This report provides an in-depth analysis of the plastic furniture fittings market in Iran. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 22292610 - Plastic fittings for furniture, coachwork or the like

Country coverage:

Iran

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Iran
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023