Sweden: Plastic Furniture Fittings Market 2024

Plastic Furniture Fittings Market Size in Sweden

The Swedish plastic furniture fittings market totaled $X in 2021, growing by 8.6% against the previous year. Over the period under review, the total consumption indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +4.6% 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 +135.5% against 2015 indices. Plastic furniture fittings consumption peaked in 2021 and is expected to retain growth in the near future.

Plastic Furniture Fittings Production in Sweden

In value terms, plastic furniture fittings production rose slightly to $X in 2021 estimated in export price. In general, production, however, saw resilient growth. The growth pace was the most rapid in 2017 when the production volume increased by 101%. Over the period under review, production hit record highs in 2021 and is likely to continue growth in years to come.

Plastic Furniture Fittings Exports

Exports from Sweden

In 2021, overseas shipments of plastic fittings for furniture were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports, however, continue to indicate a noticeable setback. The pace of growth appeared the most rapid in 2014 when exports increased by 18%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, plastic furniture fittings exports soared to $X in 2021. The total export value increased at an average annual rate of +4.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Slovakia (X tons), Poland (X tons) and the United States (X tons) were the main destinations of plastic furniture fittings exports from Sweden, with a combined 38% share of total exports. These countries were followed by Lithuania, Norway, China, Mexico, the UK, Estonia, Germany, Finland, Brazil and Russia, which together accounted for a further 52%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico (with a CAGR of +53.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for plastic furniture fittings exported from Sweden were the United States ($X), China ($X) and Poland ($X), with a combined 35% share of total exports. Norway, Germany, Lithuania, Slovakia, the UK, Finland, Mexico, Estonia, Russia and Brazil lagged somewhat behind, together comprising a further 41%.

Mexico, with a CAGR of +57.1%, saw the highest rates of growth with regard to the value of exports, among 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, growing by 12% against the previous year. In general, export price indicated a prominent expansion from 2012 to 2021: its price increased at an average annual rate of +8.4% over the last nine-year period. 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 +98.3% against 2015 indices. The pace of growth appeared the most rapid in 2013 when the average export price increased by 28% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Slovakia ($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 Russia (+32.3%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Furniture Fittings Imports

Imports into Sweden

In 2021, overseas purchases of plastic fittings for furniture decreased by -4.7% to X tons, falling for the third consecutive year after three years of growth. Overall, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 when imports increased by 23%. Imports 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 surged to $X in 2021. In general, imports recorded a slight reduction. The most prominent rate of growth was recorded in 2016 with an increase of 20%. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of plastic furniture fittings to Sweden, with a 37% share of total imports. Moreover, plastic furniture fittings imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X tons), fourfold. Poland (X tons) ranked third in terms of total imports with an 8.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany stood at -4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+12.0% per year) and Poland (+19.8% per year).

In value terms, Germany ($X) constituted the largest supplier of plastic fittings for furniture to Sweden, comprising 25% of total imports. The second position in the ranking was held by Poland ($X), with an 11% share of total imports. It was followed by the Czech Republic, with a 9.2% share.

From 2012 to 2021, the average annual growth rate of value from Germany stood at -11.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+15.7% per year) and the Czech Republic (+32.6% per year).

Import Prices by Country

The average plastic furniture fittings import price stood at $X per ton in 2021, growing by 26% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The import price peaked at $X per ton in 2014; however, from 2015 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 ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lithuania (+11.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :