Scandinavia: Plastic Furniture Market 2024

Plastic Furniture Market Size in Scandinavia

In 2021, the Scandinavia plastic furniture market increased by 23% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Plastic Furniture Production in Scandinavia

In value terms, plastic furniture production skyrocketed to $X in 2021 estimated in export price. In general, production, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2016 when the production volume increased by 39%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Plastic Furniture Exports

Exports in Scandinavia

In 2021, shipments abroad of furniture of plastic increased by 21% to X units, rising for the second year in a row after two years of decline. Total exports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +7.3% 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 increased by +30.3% against 2019 indices. The pace of growth appeared the most rapid in 2017 with an increase of 33% against the previous year. As a result, the exports attained the peak of X units. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, plastic furniture exports rose markedly to $X in 2021. Total exports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +7.0% 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 +10.3% against 2018 indices. The pace of growth appeared the most rapid in 2013 with an increase of 21% against the previous year. The level of export peaked in 2021 and is expected to retain growth in the immediate term.

Exports by Country

Denmark represented the main exporting country with an export of around X units, which accounted for 60% of total exports. It was distantly followed by Sweden (X units), comprising a 37% share of total exports. The following exporters - Norway (X units) and Finland (X units) - each accounted for a 3.6% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Norway (with a CAGR of +17.7%), while the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X), Sweden ($X) and Finland ($X) constituted the countries with the highest levels of exports in 2021, with a combined 98% share of total exports.

Denmark, with a CAGR of +12.6%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Scandinavia stood at $X per unit in 2021, reducing by -5.1% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 25% against the previous year. Over the period under review, the export prices reached the peak figure at $X per unit in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Finland ($X per unit), while Denmark ($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 (+1.0%), while the other leaders experienced mixed trends in the export price figures.

Plastic Furniture Imports

Imports in Scandinavia

In 2021, overseas purchases of furniture of plastic increased by 16% to X units, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +5.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 when imports increased by 16% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are likely to see gradual growth in the immediate term.

In value terms, plastic furniture imports surged to $X in 2021. The total import value increased at an average annual rate of +2.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Denmark (X units) and Sweden (X units) represented roughly 75% of total imports in 2021. It was distantly followed by Norway (X units) and Finland (X units), together mixing up a 23% share of total imports. Iceland (X units) took a little share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Iceland (with a CAGR of +14.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Denmark ($X) and Norway ($X) appeared to be the countries with the highest levels of imports in 2021, together accounting for 86% of total imports. These countries were followed by Finland and Iceland, which together accounted for a further 14%.

Iceland, with a CAGR of +9.9%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Scandinavia stood at $X per unit in 2021, growing by 6.9% against the previous year. Over the period under review, the import price, however, showed a pronounced descent. The level of import peaked at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+0.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform