Scandinavia: Plastic Furniture Fittings Market 2024

Plastic Furniture Fittings Market Size in Scandinavia

The Scandinavia plastic furniture fittings market surged to $X in 2021, growing by 17% against the previous year. The total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +130.1% against 2015 indices. Over the period under review, the market attained the peak level in 2021 and is likely to continue growth in years to come.

Plastic Furniture Fittings Production in Scandinavia

In value terms, plastic furniture fittings production amounted to $X in 2021 estimated in export price. Overall, production saw a prominent expansion. The growth pace was the most rapid in 2017 with an increase of 55% against the previous year. Over the period under review, production attained the maximum level in 2021 and is likely to see gradual growth in the immediate term.

Plastic Furniture Fittings Exports

Exports in Scandinavia

In 2021, overseas shipments of plastic fittings for furniture were finally on the rise to reach X tons after three years of decline. In general, exports, however, continue to indicate a pronounced contraction. The pace of growth was the most pronounced in 2014 when exports increased by 14%. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, plastic furniture fittings exports soared to $X in 2021. The total export value increased at an average annual rate of +2.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when exports increased by 23% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2021, Sweden (X tons) was the key exporter of plastic fittings for furniture, committing 80% of total exports. It was distantly followed by Denmark (X tons), committing a 19% share of total exports.

Sweden was also the fastest-growing in terms of the plastic fittings for furniture exports, with a CAGR of -3.7% from 2012 to 2021. Denmark (-4.6%) illustrated a downward trend over the same period. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) remains the largest plastic furniture fittings supplier in Scandinavia, comprising 81% of total exports. The second position in the ranking was taken by Denmark ($X), with a 16% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Sweden stood at +4.4%.

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2021, increasing by 13% against the previous year. Export price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +6.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, plastic furniture fittings export price increased by +89.9% against 2015 indices. The pace of growth was the most pronounced in 2019 an increase of 18%. The level of export peaked in 2021 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while Denmark amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+8.4%).

Plastic Furniture Fittings Imports

Imports in Scandinavia

In 2021, overseas purchases of plastic fittings for furniture decreased by -0.3% to X tons, falling for the third consecutive year after three years of growth. In general, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 16% against the previous year. The volume of import peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, plastic furniture fittings imports soared to $X in 2021. Over the period under review, imports, however, saw a relatively flat trend pattern. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

Sweden represented the major importing country with an import of around X tons, which amounted to 64% of total imports. It was distantly followed by Denmark (X tons), Finland (X tons) and Norway (X tons), together making up a 35% share of total imports.

Sweden experienced a relatively flat trend pattern with regard to volume of imports of plastic fittings for furniture. At the same time, Norway (+4.4%) and Finland (+2.9%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of +4.4% from 2012-2021. Denmark experienced a relatively flat trend pattern. Norway (+1.7 p.p.) and Finland (+1.7 p.p.) significantly strengthened its position in terms of the total imports, while Sweden saw its share reduced by -2.3% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) constitutes the largest market for imported plastic fittings for furniture in Scandinavia, comprising 61% of total imports. The second position in the ranking was taken by Denmark ($X), with a 21% share of total imports. It was followed by Finland, with a 9.6% share.

From 2012 to 2021, the average annual growth rate of value in Sweden stood at -1.4%. The remaining importing countries recorded the following average annual rates of imports growth: Denmark (+2.0% per year) and Finland (+6.2% per year).

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2021, rising by 22% against the previous year. In general, the import price showed a relatively flat trend pattern. The level of import peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Norway ($X per ton), while Denmark ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+3.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform