Romania: Plastic Furniture Fittings Market 2024

Plastic Furniture Fittings Market Size in Romania

In 2021, the Romanian plastic furniture fittings market decreased by -22.7% to $X, falling for the second year in a row after four years of growth. In general, consumption, however, showed a strong increase. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Plastic Furniture Fittings Production in Romania

In value terms, plastic furniture fittings production expanded remarkably to $X in 2021 estimated in export price. In general, production, however, recorded a resilient increase. The growth pace was the most rapid in 2013 with an increase of 45% against the previous year. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Plastic Furniture Fittings Exports

Exports from Romania

Plastic furniture fittings exports from Romania surged to X tons in 2021, jumping by 16% against the year before. Over the period under review, exports showed resilient growth. The growth pace was the most rapid in 2018 with an increase of 108% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, plastic furniture fittings exports expanded significantly to $X in 2021. In general, exports saw buoyant growth. The pace of growth was the most pronounced in 2018 when exports increased by 60% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Slovakia (X tons), Turkey (X tons) and Bulgaria (X tons) were the main destinations of plastic furniture fittings exports from Romania, with a combined 51% share of total exports. These countries were followed by Germany, Belgium, Moldova, France, Italy and the United States, which together accounted for a further 30%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium (with a CAGR of +138.2%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Slovakia ($X) and Bulgaria ($X) appeared to be the largest markets for plastic furniture fittings exported from Romania worldwide, with a combined 34% share of total exports. Turkey, Belgium, Moldova, France, Italy and the United States lagged somewhat behind, together comprising a further 22%.

Belgium, with a CAGR of +143.0%, saw the highest rates of growth with regard to 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

In 2021, the average plastic furniture fittings export price amounted to $X per ton, which is down by -3.9% against the previous year. Over the period under review, the export price showed a deep setback. The pace of growth was the most pronounced in 2016 an increase of 20%. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Italy ($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 United States (+29.0%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Furniture Fittings Imports

Imports into Romania

In 2021, the amount of plastic fittings for furniture imported into Romania shrank slightly to X tons, with a decrease of -4.7% against the previous year's figure. The total import volume increased at an average annual rate of +3.1% 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 2020 when imports increased by 12% against the previous year. As a result, imports attained the peak of X tons, and then declined in the following year.

In value terms, plastic furniture fittings imports dropped significantly to $X in 2021. Overall, total imports indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +2.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -26.9% against 2019 indices. The pace of growth was the most pronounced in 2018 with an increase of 32% against the previous year. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

Poland (X tons), Germany (X tons) and Italy (X tons) were the main suppliers of plastic furniture fittings imports to Romania, with a combined 49% share of total imports. Turkey, the Czech Republic, China, Lithuania, France and Hungary lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Lithuania (with a CAGR of +154.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest plastic furniture fittings suppliers to Romania were Germany ($X), Poland ($X) and the Czech Republic ($X), with a combined 51% share of total imports. France, China, Turkey, Italy, Hungary and Lithuania lagged somewhat behind, together comprising a further 30%.

Lithuania, with a CAGR of +83.7%, recorded 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

The average plastic furniture fittings import price stood at $X per ton in 2021, reducing by -17.8% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 26% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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