Italy: Plastic Furniture Market 2024

Plastic Furniture Market Size in Italy

In 2021, the Italian plastic furniture market decreased by -91.8% to $X, falling for the second consecutive year after two years of growth. Over the period under review, consumption showed a dramatic setback. Plastic furniture consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Plastic Furniture Production in Italy

In value terms, plastic furniture production soared to $X in 2021 estimated in export price. Over the period under review, production recorded perceptible growth. The pace of growth appeared the most rapid in 2016 with an increase of 111%. Plastic furniture production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Plastic Furniture Exports

Exports from Italy

In 2021, shipments abroad of furniture of plastic increased by 29% to X units, rising for the second year in a row after two years of decline. The total export volume increased at an average annual rate of +4.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, plastic furniture exports soared to $X in 2021. The total export value increased at an average annual rate of +1.7% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

France (X units) was the main destination for plastic furniture exports from Italy, with a 31% share of total exports. Moreover, plastic furniture exports to France exceeded the volume sent to the second major destination, Spain (X units), threefold. The third position in this ranking was held by Germany (X units), with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to France amounted to +3.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+4.4% per year) and Germany (+1.3% per year).

In value terms, France ($X) remains the key foreign market for plastic furniture exports from Italy, comprising 28% of total exports. The second position in the ranking was taken by Germany ($X), with a 10% share of total exports. It was followed by Spain, with a 9.5% share.

From 2012 to 2021, the average annual growth rate of value to France was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+0.7% per year) and Spain (+1.5% per year).

Export Prices by Country

In 2021, the average plastic furniture export price amounted to $X per unit, remaining stable against the previous year. In general, the export price, however, showed a pronounced descent. The growth pace was the most rapid in 2013 when the average export price increased by 7.7%. As a result, the export price reached the peak level of $X per unit. From 2014 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Poland ($X per unit), while the average price for exports to Romania ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+2.5%), while the prices for the other major destinations experienced mixed trend patterns.

Plastic Furniture Imports

Imports into Italy

In 2021, supplies from abroad of furniture of plastic decreased by -35.5% to X units for the first time since 2018, thus ending a two-year rising trend. In general, imports, however, enjoyed notable growth. The growth pace was the most rapid in 2020 when imports increased by 105% against the previous year. As a result, imports attained the peak of X units, and then contracted dramatically in the following year.

In value terms, plastic furniture imports reduced remarkably to $X in 2021. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 101%. As a result, imports reached the peak of $X, and then contracted rapidly in the following year.

Imports by Country

In 2021, China (X units) constituted the largest plastic furniture supplier to Italy, with a 46% share of total imports. Moreover, plastic furniture imports from China exceeded the figures recorded by the second-largest supplier, Israel (X units), threefold. Germany (X units) ranked third in terms of total imports with a 9.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Israel (-1.1% per year) and Germany (+9.8% per year).

In value terms, China ($X) constituted the largest supplier of plastic furniture to Italy, comprising 44% of total imports. The second position in the ranking was taken by Israel ($X), with a 10% share of total imports. It was followed by Germany, with a 9.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Israel (-6.9% per year) and Germany (+3.8% per year).

Import Prices by Country

The average plastic furniture import price stood at $X per unit in 2021, falling by -7.7% against the previous year. Over the period under review, the import price saw a pronounced descent. The pace of growth appeared the most rapid in 2018 an increase of 10%. Over the period under review, average import prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was France ($X per unit), while the price for Israel ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (-0.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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