Ireland: Plastic Furniture Fittings Market 2024

Plastic Furniture Fittings Market Size in Ireland

In 2021, the Irish plastic furniture fittings market increased by 73% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, the total consumption indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable 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 Fittings Exports

Exports from Ireland

In 2021, overseas shipments of plastic fittings for furniture increased by 111% to X tons, rising for the third year in a row after three years of decline. Over the period under review, exports recorded a significant expansion. The pace of growth was the most pronounced in 2013 with an increase of 113% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, plastic furniture fittings exports surged to $X in 2021. Overall, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The UK (X tons) was the main destination for plastic furniture fittings exports from Ireland, with a 72% share of total exports. Moreover, plastic furniture fittings exports to the UK exceeded the volume sent to the second major destination, Switzerland (X tons), ninefold. The United States (X tons) ranked third in terms of total exports with a 5.8% share.

From 2012 to 2021, the average annual growth rate of volume to the UK stood at +28.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+55.8% per year) and the United States (+23.1% per year).

In value terms, the UK ($X) remains the key foreign market for plastic fittings for furniture exports from Ireland, comprising 58% of total exports. The second position in the ranking was held by Switzerland ($X), with a 12% share of total exports. It was followed by the United States, with an 8.7% share.

From 2012 to 2021, the average annual growth rate of value to the UK totaled +30.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+67.4% per year) and the United States (+19.0% per year).

Export Prices by Country

In 2021, the average plastic furniture fittings export price amounted to $X per ton, increasing by 88% against the previous year. Overall, the export price showed a relatively flat trend pattern. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to the UK ($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 Russia (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Furniture Fittings Imports

Imports into Ireland

After two years of decline, supplies from abroad of plastic fittings for furniture increased by 67% to X tons in 2021. Over the period under review, total imports indicated a measured expansion from 2012 to 2021: its volume increased at an average annual rate of +2.1% over the last nine-year period. The trend pattern, however, 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.

In value terms, plastic furniture fittings imports soared to $X in 2021. Overall, imports posted a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X tons) constituted the largest plastic furniture fittings supplier to Ireland, with a 58% share of total imports. Moreover, plastic furniture fittings imports from Germany exceeded the figures recorded by the second-largest supplier, the UK (X tons), threefold. Italy (X tons) ranked third in terms of total imports with a 9.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany totaled +2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-4.9% per year) and Italy (+32.1% per year).

In value terms, Germany ($X) constituted the largest supplier of plastic fittings for furniture to Ireland, comprising 53% of total imports. The second position in the ranking was taken by the UK ($X), with a 19% share of total imports. It was followed by Italy, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to +12.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+0.5% per year) and Italy (+29.4% per year).

Import Prices by Country

In 2021, the average plastic furniture fittings import price amounted to $X per ton, picking up by 8.8% against the previous year. In general, import price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +7.0% 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 import price increased by +65.4% against 2017 indices. The most prominent rate of growth was recorded in 2014 an increase of 44%. The import price peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+9.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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