Poland: Plastic Furniture Fittings Market 2024

Plastic Furniture Fittings Market Size in Poland

After three years of growth, the Polish plastic furniture fittings market decreased by -17.7% to $X in 2021. Overall, consumption, however, saw a remarkable increase. Plastic furniture fittings consumption peaked at $X in 2020, and then shrank significantly in the following year.

Plastic Furniture Fittings Production in Poland

In value terms, plastic furniture fittings production surged to $X in 2021 estimated in export price. In general, the total production indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +8.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when the production volume increased by 32% against the previous year. Plastic furniture fittings production peaked in 2021 and is likely to continue growth in the near future.

Plastic Furniture Fittings Exports

Exports from Poland

Plastic furniture fittings exports from Poland expanded notably to X tons in 2021, picking up by 7.1% compared with 2020. In general, total exports indicated a notable expansion from 2012 to 2021: its volume increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -15.1% against 2019 indices. The pace of growth was the most pronounced in 2013 when exports increased by 23%. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, plastic furniture fittings exports rose notably to $X in 2021. Over the period under review, total exports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +7.5% 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 2013 with an increase of 24% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

Exports by Country

The Czech Republic (X tons), Germany (X tons) and Slovakia (X tons) were the main destinations of plastic furniture fittings exports from Poland, together comprising 61% of total exports. France, Hungary, Romania, Sweden, Italy, Belgium and the UK lagged somewhat behind, together accounting for a further 28%.

From 2012 to 2021, the biggest increases were recorded for Sweden (with a CAGR of +35.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for plastic furniture fittings exported from Poland were the Czech Republic ($X), Germany ($X) and Slovakia ($X), together comprising 56% of total exports. France, Hungary, Italy, the UK, Romania, Sweden and Belgium lagged somewhat behind, together accounting for a further 29%.

Sweden, with a CAGR of +27.6%, saw the highest growth rate of the value of exports, in terms of 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 6.7% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.7%. The most prominent rate of growth was recorded in 2018 an increase of 19%. The export price peaked in 2021 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Sweden ($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 the Czech Republic (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Furniture Fittings Imports

Imports into Poland

In 2021, supplies from abroad of plastic fittings for furniture decreased by -1.1% to X tons, falling for the third year in a row after two years of growth. Overall, imports saw a perceptible decline. The most prominent rate of growth was recorded in 2017 with an increase of 13%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, plastic furniture fittings imports stood at $X in 2021. Over the period under review, imports saw a mild downturn. The pace of growth appeared the most rapid in 2014 when imports increased by 11% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Germany (X tons), China (X tons) and Slovakia (X tons) were the main suppliers of plastic furniture fittings imports to Poland, with a combined 53% share of total imports. The Czech Republic, Italy, Sweden, Lithuania, Spain, France, Austria, the Netherlands, Finland and Slovenia lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2021, the biggest increases were recorded for Finland (with a CAGR of +53.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest plastic furniture fittings suppliers to Poland were Germany ($X), China ($X) and Slovakia ($X), with a combined 44% share of total imports. These countries were followed by the Czech Republic, Italy, France, Sweden, Spain, Austria, Slovenia, Finland, the Netherlands and Lithuania, which together accounted for a further 38%.

Finland, with a CAGR of +54.1%, saw the highest rates of growth with regard to 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 fittings import price amounted to $X per ton, picking up by 11% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.9%. The pace of growth appeared the most rapid in 2013 when the average import price increased by 18% against the previous year. Over the period under review, average import prices reached the maximum in 2021 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+19.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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