Italy: Plastic Furniture Fittings Market 2024

Plastic Furniture Fittings Market Size in Italy

In 2021, after two years of decline, there was significant growth in the Italian plastic furniture fittings market, when its value increased by 768% to $X. Over the period under review, consumption posted significant growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Plastic Furniture Fittings Production in Italy

In value terms, plastic furniture fittings production surged to $X in 2021 estimated in export price. Overall, production, however, saw a slight shrinkage. The pace of growth was the most pronounced in 2018 with an increase of 135%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Plastic Furniture Fittings Exports

Exports from Italy

In 2021, overseas shipments of plastic fittings for furniture increased by 28% to X tons, rising for the second consecutive year after two years of decline. In general, exports showed a strong increase. The most prominent rate of growth was recorded in 2020 when exports increased by 57%. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, plastic furniture fittings exports surged to $X in 2021. Overall, exports enjoyed resilient growth. The pace of growth appeared the most rapid in 2017 with an increase of 44%. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

France (X tons), Spain (X tons) and Germany (X tons) were the main destinations of plastic furniture fittings exports from Italy, with a combined 36% share of total exports. Austria, Romania, Poland, Brazil, Mexico, Belgium, the UK, Russia, Israel and Serbia lagged somewhat behind, together comprising a further 36%.

From 2012 to 2021, the biggest increases were recorded for Mexico (with a CAGR of +40.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and Spain ($X) were the largest markets for plastic furniture fittings exported from Italy worldwide, with a combined 38% share of total exports. These countries were followed by Brazil, Poland, Austria, Mexico, Romania, Belgium, the UK, Serbia, Israel and Russia, which together accounted for a further 30%.

Mexico, with a CAGR of +40.5%, recorded the highest growth rate of the value of exports, among 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

The average plastic furniture fittings export price stood at $X per ton in 2021, growing by 2.3% against the previous year. Overall, the export price saw a mild expansion. The most prominent rate of growth was recorded in 2016 an increase of 27% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Russia ($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 Germany (+11.3%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Furniture Fittings Imports

Imports into Italy

After three years of decline, supplies from abroad of plastic fittings for furniture increased by 21% to X tons in 2021. Over the period under review, total imports indicated temperate growth from 2012 to 2021: its volume increased at an average annual rate of +2.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -25.4% against 2017 indices. The most prominent rate of growth was recorded in 2015 with an increase of 24% against the previous year. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, plastic furniture fittings imports soared to $X in 2021. In general, total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +6.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Slovakia (X tons), Germany (X tons) and China (X tons) were the main suppliers of plastic furniture fittings imports to Italy, with a combined 60% share of total imports. These countries were followed by Poland, Austria, the Czech Republic, the UK, Albania, France, Spain and Tunisia, which together accounted for a further 31%.

From 2012 to 2021, the biggest increases were recorded for Albania (with a CAGR of +22.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of plastic fittings for furniture to Italy, comprising 38% of total imports. The second position in the ranking was held by Poland ($X), with a 9.5% share of total imports. It was followed by Slovakia, with a 9.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at +8.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+18.6% per year) and Slovakia (+16.5% per year).

Import Prices by Country

In 2021, the average plastic furniture fittings import price amounted to $X per ton, picking up by 8% against the previous year. Over the last nine-year period, it increased at an average annual rate of +4.2%. The growth pace was the most rapid in 2013 when the average import price increased by 27% against the previous year. The import price peaked in 2021 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Tunisia ($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 UK (+21.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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