Northern America: Plastic Furniture Market 2024

Plastic Furniture Market Size in Northern America

In 2021, the North American plastic furniture market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. In general, consumption, however, enjoyed a remarkable increase. The level of consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Plastic Furniture Production in Northern America

In value terms, plastic furniture production declined sharply to $X in 2021 estimated in export price. In general, production, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of 459%. The level of production peaked at $X in 2020, and then fell significantly in the following year.

Plastic Furniture Exports

Exports in Northern America

In 2021, shipments abroad of furniture of plastic decreased by -2.4% to X units, falling for the second consecutive year after four years of growth. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by 29% against the previous year. The volume of export peaked at X units in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, plastic furniture exports soared to $X in 2021. Total exports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 23% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Canada was the key exporting country with an export of around X units, which recorded 73% of total exports. It was distantly followed by the United States (X units), achieving a 27% share of total exports.

Canada was also the fastest-growing in terms of the furniture of plastic exports, with a CAGR of +12.0% from 2012 to 2021. The United States (-10.9%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Canada increased by +47 percentage points.

In value terms, the largest plastic furniture supplying countries in Northern America were the United States ($X) and Canada ($X).

In terms of the main exporting countries, Canada, with a CAGR of +11.7%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The export price in Northern America stood at $X per unit in 2021, rising by 24% against the previous year. Export price indicated buoyant growth from 2012 to 2021: its price increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, plastic furniture export price increased by +94.1% against 2019 indices. The growth pace was the most rapid in 2020 an increase of 56%. Over the period under review, the export prices reached the peak figure in 2021 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was the United States ($X per unit), while Canada totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+14.2%).

Plastic Furniture Imports

Imports in Northern America

In 2021, overseas purchases of furniture of plastic decreased by -0.8% to X units, falling for the fourth year in a row after six years of growth. Overall, imports, however, enjoyed a notable increase. The most prominent rate of growth was recorded in 2016 with an increase of 55% against the previous year. The volume of import peaked at X units in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, plastic furniture imports soared to $X in 2021. Over the period under review, imports, however, recorded a prominent expansion. The pace of growth was the most pronounced in 2016 with an increase of 36% against the previous year. The level of import peaked at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United States (X units) was the major importer of furniture of plastic, mixing up 75% of total imports. It was distantly followed by Canada (X units), constituting a 25% share of total imports.

Imports into the United States increased at an average annual rate of +2.1% from 2012 to 2021. At the same time, Canada (+5.9%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer imported in Northern America, with a CAGR of +5.9% from 2012-2021. While the share of Canada (+5.6 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of the United States (-5.5 p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported furniture of plastic in Northern America, comprising 84% of total imports. The second position in the ranking was taken by Canada ($X), with a 16% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States amounted to +7.9%.

Import Prices by Country

The import price in Northern America stood at $X per unit in 2021, picking up by 17% against the previous year. Import price indicated noticeable growth from 2012 to 2021: its price increased at an average annual rate of +4.4% 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 import price increased by +70.1% against 2017 indices. The most prominent rate of growth was recorded in 2020 an increase of 45% against the previous year. The level of import peaked in 2021 and is likely to continue growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per unit), while Canada totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+5.6%).

Source: IndexBox Platform

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