Switzerland: Plastic Furniture Market 2024

Plastic Furniture Market Size in Switzerland

The Swiss plastic furniture market shrank to $X in 2021, declining by -10.9% against the previous year. In general, consumption recorded a slight contraction. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Plastic Furniture Production in Switzerland

In value terms, plastic furniture production fell notably to $X in 2021 estimated in export price. Overall, production, however, continues to indicate buoyant growth. Plastic furniture production peaked at $X in 2020, and then contracted rapidly in the following year.

Plastic Furniture Exports

Exports from Switzerland

For the third consecutive year, Switzerland recorded decline in overseas shipments of furniture of plastic, which decreased by -37.4% to X units in 2021. Overall, exports saw a abrupt descent. The most prominent rate of growth was recorded in 2016 with an increase of 39% against the previous year. The exports peaked at X units in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, plastic furniture exports fell to $X in 2021. Over the period under review, exports faced a abrupt contraction. The pace of growth appeared the most rapid in 2017 when exports increased by 33%. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Germany (X units), Belgium (X units) and France (X units) were the main destinations of plastic furniture exports from Switzerland, together comprising 47% of total exports. Italy, Hong Kong SAR, the Netherlands, Austria, Serbia, Spain, the United States and the UK lagged somewhat behind, together accounting for a further 39%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hong Kong SAR (with a CAGR of +30.0%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X) emerged as the key foreign market for plastic furniture exports from Switzerland, comprising 47% of total exports. The second position in the ranking was taken by Belgium ($X), with a 10% share of total exports. It was followed by Germany, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value to France totaled +1.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+5.0% per year) and Germany (-20.7% per year).

Export Prices by Country

In 2021, the average plastic furniture export price amounted to $X per unit, increasing by 57% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 58% against the previous year. The export price peaked at $X per unit in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was France ($X per unit), while the average price for exports to Serbia ($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 Austria (+11.9%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Furniture Imports

Imports into Switzerland

In 2021, after two years of growth, there was decline in supplies from abroad of furniture of plastic, when their volume decreased by -1.4% to X units. In general, imports showed a noticeable downturn. The growth pace was the most rapid in 2019 when imports increased by 23% against the previous year. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, plastic furniture imports rose modestly to $X in 2021. Overall, imports recorded a pronounced decline. The growth pace was the most rapid in 2017 when imports increased by 16% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Italy (X units), Germany (X units) and China (X units) were the main suppliers of plastic furniture imports to Switzerland, together accounting for 77% of total imports. These countries were followed by Poland, Israel, the Netherlands and France, which together accounted for a further 14%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +3.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest plastic furniture suppliers to Switzerland were Germany ($X), Italy ($X) and China ($X), with a combined 73% share of total imports. France, Poland, the Netherlands and Israel lagged somewhat behind, together comprising a further 13%.

In terms of the main suppliers, Poland, with a CAGR of +5.3%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average plastic furniture import price amounted to $X per unit, picking up by 6.4% against the previous year. Overall, the import price, however, showed a mild descent. The growth pace was the most rapid in 2018 an increase of 43% against the previous year. As a result, import price attained the peak level of $X per unit. From 2019 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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