Norway: Plastic Furniture Market 2024

Plastic Furniture Market Size in Norway

The Norwegian plastic furniture market skyrocketed to $X in 2021, surging by 19% against the previous year. The market value increased at an average annual rate of +1.8% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. Plastic furniture consumption peaked in 2021 and is likely to see gradual growth in the immediate term.

Plastic Furniture Production in Norway

In value terms, plastic furniture production totaled $X in 2021 estimated in export price. Overall, production showed a dramatic slump. The growth pace was the most rapid in 2020 when the production volume decreased by 99.9% against the previous year. Plastic furniture production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Plastic Furniture Exports

Exports from Norway

In 2021, approx. X units of furniture of plastic were exported from Norway; approximately reflecting the previous year's figure. Overall, exports posted a prominent increase. The pace of growth was the most pronounced in 2015 with an increase of 81%. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, plastic furniture exports expanded significantly to $X in 2021. In general, exports recorded a prominent expansion. The growth pace was the most rapid in 2016 with an increase of 71%. Over the period under review, the exports reached the maximum in 2021 and are likely to continue growth in the immediate term.

Exports by Country

Sweden (X units) was the main destination for plastic furniture exports from Norway, with a 85% share of total exports. Moreover, plastic furniture exports to Sweden exceeded the volume sent to the second major destination, Denmark (X units), more than tenfold. The third position in this ranking was held by the UK (X units), with a 3.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Sweden totaled +20.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+2.1% per year) and the UK (+39.5% per year).

In value terms, Sweden ($X) remains the key foreign market for plastic furniture exports from Norway, comprising 75% of total exports. The second position in the ranking was taken by the UK ($X), with a 13% share of total exports. It was followed by Denmark, with a 2.5% share.

From 2012 to 2021, the average annual growth rate of value to Sweden totaled +9.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+32.6% per year) and Denmark (-15.0% per year).

Export Prices by Country

In 2021, the average plastic furniture export price amounted to $X per unit, growing by 7.8% against the previous year. Over the period under review, the export price, however, faced a drastic downturn. The pace of growth was the most pronounced in 2016 when the average export price increased by 73% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was the UK ($X per unit), while the average price for exports to Congo ($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 the UK (-4.9%), while the prices for the other major destinations experienced a decline.

Plastic Furniture Imports

Imports into Norway

In 2021, after two years of growth, there was significant decline in supplies from abroad of furniture of plastic, when their volume decreased by -5.8% to X units. The total import volume increased at an average annual rate of +1.9% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 with an increase of 17%. As a result, imports reached the peak of X units. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, plastic furniture imports expanded notably to $X in 2021. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 21%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Israel (X units), China (X units) and Poland (X units) were the main suppliers of plastic furniture imports to Norway, with a combined 68% share of total imports. These countries were followed by Italy, the Netherlands, Sweden, Denmark, Turkey, the UK, Germany and Vietnam, which together accounted for a further 26%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +15.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Israel ($X), China ($X) and Poland ($X) constituted the largest plastic furniture suppliers to Norway, with a combined 51% share of total imports. Italy, the UK, Sweden, the Netherlands, Denmark, Germany, Turkey and Vietnam lagged somewhat behind, together comprising a further 38%.

Turkey, with a CAGR of +10.4%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average plastic furniture import price amounted to $X per unit, surging by 17% against the previous year. Over the period under review, the import price, however, continues to indicate a slight decline. The import price peaked at $X per unit in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the UK ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+10.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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