Portugal: Plastic Furniture Fittings Market 2024

Plastic Furniture Fittings Market Size in Portugal

The Portuguese plastic furniture fittings market contracted rapidly to $X in 2021, waning by -24.7% against the previous year. Overall, consumption showed a noticeable setback. As a result, consumption attained the peak level of $X, and then fell rapidly in the following year.

Plastic Furniture Fittings Production in Portugal

In value terms, plastic furniture fittings production shrank modestly to $X in 2021 estimated in export price. In general, production saw a abrupt curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 50%. Plastic furniture fittings production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Plastic Furniture Fittings Exports

Exports from Portugal

In 2021, approx. X tons of plastic fittings for furniture were exported from Portugal; increasing by 3% against the year before. Overall, exports recorded strong growth. The pace of growth was the most pronounced in 2018 when exports increased by 52%. 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 rapidly to $X in 2021. In general, total exports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +10.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +42.4% against 2014 indices. The pace of growth was the most pronounced in 2018 when exports increased by 36% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the near future.

Exports by Country

Spain (X tons) was the main destination for plastic furniture fittings exports from Portugal, accounting for a 70% share of total exports. Moreover, plastic furniture fittings exports to Spain exceeded the volume sent to the second major destination, Germany (X tons), fivefold. France (X tons) ranked third in terms of total exports with a 6.6% share.

From 2012 to 2021, the average annual growth rate of volume to Spain amounted to +10.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+21.3% per year) and France (-1.6% per year).

In value terms, Spain ($X) remains the key foreign market for plastic fittings for furniture exports from Portugal, comprising 62% of total exports. The second position in the ranking was held by the UK ($X), with a 10% share of total exports. It was followed by Germany, with an 8.7% share.

From 2012 to 2021, the average annual growth rate of value to Spain totaled +11.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+31.9% per year) and Germany (+9.7% per year).

Export Prices by Country

The average plastic furniture fittings export price stood at $X per ton in 2021, surging by 3.2% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by 27% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Germany ($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 UK (+14.7%), while the prices for the other major destinations experienced mixed trend patterns.

Plastic Furniture Fittings Imports

Imports into Portugal

After two years of decline, purchases abroad of plastic fittings for furniture increased by 28% to X tons in 2021. The total import volume increased at an average annual rate of +1.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 with an increase of 37%. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, plastic furniture fittings imports surged to $X in 2021. In general, total imports indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +3.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by 28% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

Spain (X tons), Germany (X tons) and Austria (X tons) were the main suppliers of plastic furniture fittings imports to Portugal, with a combined 61% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Austria (with a CAGR of +70.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest plastic furniture fittings suppliers to Portugal were Spain ($X), the Czech Republic ($X) and France ($X), with a combined 58% share of total imports. These countries were followed by Germany, Austria, Slovakia, Poland and Belgium, which together accounted for a further 32%.

Austria, with a CAGR of +50.2%, 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

The average plastic furniture fittings import price stood at $X per ton in 2021, waning by -1.5% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.2%. The pace of growth was the most pronounced in 2013 an increase of 30% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+14.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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