Northern America: Plastic Furniture Fittings Market 2024

Plastic Furniture Fittings Market Size in Northern America

In 2021, the North American plastic furniture fittings market decreased by -6.5% to $X for the first time since 2018, thus ending a two-year rising trend. The total consumption indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +37.3% against 2018 indices. As a result, consumption reached the peak level of $X, and then reduced in the following year.

Plastic Furniture Fittings Production in Northern America

In value terms, plastic furniture fittings production contracted to $X in 2021 estimated in export price. The total production indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +33.0% against 2018 indices. The pace of growth was the most pronounced in 2016 with an increase of 36%. The level of production peaked at $X in 2020, and then declined in the following year.

Plastic Furniture Fittings Exports

Exports in Northern America

In 2021, after two years of decline, there was significant growth in overseas shipments of plastic fittings for furniture, when their volume increased by 13% to X tons. Over the period under review, exports showed prominent growth. The pace of growth was the most pronounced in 2015 when exports increased by 52%. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, plastic furniture fittings exports shrank to $X in 2021. Overall, exports showed a prominent increase. The pace of growth was the most pronounced in 2013 with an increase of 33%. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States represented the largest exporter of plastic fittings for furniture in Northern America, with the volume of exports amounting to X tons, which was approx. 78% of total exports in 2021. It was distantly followed by Canada (X tons), constituting a 22% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to plastic furniture fittings exports from the United States stood at +7.7%. At the same time, Canada (+10.9%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +10.9% from 2012-2021. While the share of Canada (+4.3 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of the United States (-4.3 p.p.) displayed negative dynamics.

In value terms, the United States ($X) remains the largest plastic furniture fittings supplier in Northern America, comprising 82% of total exports. The second position in the ranking was held by Canada ($X), with an 18% share of total exports.

In the United States, plastic furniture fittings exports expanded at an average annual rate of +7.0% over the period from 2012-2021.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2021, reducing by -13.2% against the previous year. In general, the export price recorded a slight curtailment. The most prominent rate of growth was recorded in 2016 an increase of 18%. The level of export peaked at $X per ton in 2020, and then fell in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-0.6%).

Plastic Furniture Fittings Imports

Imports in Northern America

In 2021, plastic furniture fittings imports in Northern America surged to X tons, rising by 18% on 2020. Over the period under review, imports recorded a buoyant increase. The most prominent rate of growth was recorded in 2018 with an increase of 48% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, plastic furniture fittings imports skyrocketed to $X in 2021. Total imports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +8.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -6.9% against 2019 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 20%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

The United States represented the largest importing country with an import of around X tons, which finished at 88% of total imports. It was distantly followed by Canada (X tons), comprising a 12% share of total imports.

The United States was also the fastest-growing in terms of the plastic fittings for furniture imports, with a CAGR of +17.8% from 2012 to 2021. At the same time, Canada (+4.9%) displayed positive paces of growth. From 2012 to 2021, the share of the United States increased by +16 percentage points.

In value terms, the United States ($X) constitutes the largest market for imported plastic fittings for furniture in Northern America, comprising 88% of total imports. The second position in the ranking was taken by Canada ($X), with a 12% share of total imports.

From 2012 to 2021, the average annual growth rate of value in the United States totaled +9.7%.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2021, declining by -2% against the previous year. In general, the import price saw a deep slump. The most prominent rate of growth was recorded in 2019 when the import price increased by 15%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Canada ($X per ton), while the United States amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (-1.6%).

Source: IndexBox Platform

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