Slovakia: Plastic Furniture Market 2024

Plastic Furniture Market Size in Slovakia

In 2021, the Slovak plastic furniture market decreased by -15.7% to $X, falling for the second year in a row after four years of growth. Overall, consumption, however, saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Plastic Furniture Exports

Exports from Slovakia

For the fourth consecutive year, Slovakia recorded growth in shipments abroad of furniture of plastic, which increased by 1.1% to X units in 2021. Over the period under review, exports, however, showed a slight descent. The most prominent rate of growth was recorded in 2016 with an increase of 90%. As a result, the exports reached the peak of X units. From 2017 to 2021, the growth of the exports failed to regain momentum.

In value terms, plastic furniture exports expanded slightly to $X in 2021. In general, exports recorded a resilient increase. The pace of growth appeared the most rapid in 2014 with an increase of 143% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Hungary (X units), the Czech Republic (X units) and Poland (X units) were the main destinations of plastic furniture exports from Slovakia, with a combined 83% share of total exports. Germany, Austria and Italy lagged somewhat behind, together comprising a further 14%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of +119.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for plastic furniture exported from Slovakia were the Czech Republic ($X), Hungary ($X) and Austria ($X), with a combined 73% share of total exports. These countries were followed by Poland, Germany and Italy, which together accounted for a further 22%.

Italy, with a CAGR of +119.3%, recorded 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 export price stood at $X per unit in 2021, picking up by 2.1% against the previous year. Over the period under review, the export price recorded prominent growth. The pace of growth appeared the most rapid in 2014 when the average export price increased by 118% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Austria ($X per unit), while the average price for exports to Hungary ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+17.6%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Furniture Imports

Imports into Slovakia

In 2021, overseas purchases of furniture of plastic decreased by -8.6% to X units, falling for the second consecutive year after three years of growth. Over the period under review, imports, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2019 with an increase of 108% against the previous year. As a result, imports reached the peak of X units. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, plastic furniture imports contracted significantly to $X in 2021. In general, imports, however, enjoyed resilient growth. The growth pace was the most rapid in 2019 with an increase of 171%. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Poland (X units) constituted the largest plastic furniture supplier to Slovakia, accounting for a 73% share of total imports. Moreover, plastic furniture imports from Poland exceeded the figures recorded by the second-largest supplier, Germany (X units), eightfold. The Czech Republic (X units) ranked third in terms of total imports with a 5.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Poland totaled +21.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+26.0% per year) and the Czech Republic (+23.8% per year).

In value terms, Poland ($X) constituted the largest supplier of plastic furniture to Slovakia, comprising 73% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with a 9.9% share of total imports. It was followed by Germany, with a 4.8% share.

From 2012 to 2021, the average annual growth rate of value from Poland stood at +33.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+24.7% per year) and Germany (+14.9% per year).

Import Prices by Country

In 2021, the average plastic furniture import price amounted to $X per unit, reducing by -13.5% against the previous year. Over the period under review, the import price recorded a deep setback. The most prominent rate of growth was recorded in 2014 an increase of 35% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was the Czech Republic ($X per unit), while the price for Hungary ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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