MERCOSUR: Plastic Furniture Fittings Market 2024

Plastic Furniture Fittings Market Size in MERCOSUR

In 2021, the MERCOSUR plastic furniture fittings market was finally on the rise to reach $X after two years of decline. The total consumption indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +3.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -19.9% against 2018 indices. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Plastic Furniture Fittings Production in MERCOSUR

In value terms, plastic furniture fittings production soared to $X in 2021 estimated in export price. The total production indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +3.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -21.6% against 2018 indices. The pace of growth appeared the most rapid in 2017 with an increase of 31%. The level of production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Plastic Furniture Fittings Exports

Exports in MERCOSUR

In 2021, shipments abroad of plastic fittings for furniture increased by 20% to X tons, rising for the second consecutive year after two years of decline. Overall, exports, however, continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2017 with an increase of 27% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, plastic furniture fittings exports skyrocketed to $X in 2021. Over the period under review, exports, however, recorded a abrupt shrinkage. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Brazil prevails in exports structure, amounting to X tons, which was approx. 85% of total exports in 2021. It was distantly followed by Chile (X tons), comprising an 8.1% share of total exports. Colombia (X tons) and Argentina (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to plastic furniture fittings exports from Brazil stood at -1.8%. Colombia (-1.8%), Chile (-4.3%) and Argentina (-29.4%) illustrated a downward trend over the same period. While the share of Brazil (+26 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Argentina (-26.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest plastic furniture fittings supplier in MERCOSUR, comprising 88% of total exports. The second position in the ranking was taken by Chile ($X), with a 3.7% share of total exports. It was followed by Argentina, with a 3.1% share.

In Brazil, plastic furniture fittings exports shrank by an average annual rate of -4.6% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Chile (-18.5% per year) and Argentina (-27.8% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2021, surging by 17% against the previous year. In general, the export price, however, continues to indicate a perceptible setback. The level of export peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Argentina ($X per ton), while Chile ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (+2.3%), while the other leaders experienced a decline in the export price figures.

Plastic Furniture Fittings Imports

Imports in MERCOSUR

In 2021, supplies from abroad of plastic fittings for furniture increased by 36% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports, however, recorded a relatively flat trend pattern. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, plastic furniture fittings imports soared to $X in 2021. The total import value increased at an average annual rate of +1.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Brazil (X tons) was the key importer of plastic fittings for furniture, mixing up 54% of total imports. Argentina (X tons) held the second position in the ranking, distantly followed by Chile (X tons). All these countries together held approx. 32% share of total imports. The following importers - Ecuador (X tons), Colombia (X tons), Paraguay (X tons) and Peru (X tons) - together made up 12% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Ecuador (with a CAGR of +16.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X) constitutes the largest market for imported plastic fittings for furniture in MERCOSUR, comprising 68% of total imports. The second position in the ranking was taken by Argentina ($X), with a 23% share of total imports. It was followed by Peru, with a 2.1% share.

In Brazil, plastic furniture fittings imports increased at an average annual rate of +3.9% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Argentina (-1.9% per year) and Peru (+3.8% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2021, increasing by 17% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.9%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Brazil ($X per ton), while Ecuador ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+4.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform