Switzerland: Plastic Furniture Fittings Market 2024

Plastic Furniture Fittings Market Size in Switzerland

The Swiss plastic furniture fittings market skyrocketed to $X in 2021, surging by 22% against the previous year. In general, consumption posted buoyant growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Plastic Furniture Fittings Production in Switzerland

In value terms, plastic furniture fittings production rose modestly to $X in 2021 estimated in export price. In general, production, however, posted a prominent increase. The pace of growth was the most pronounced in 2016 with an increase of 55%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Plastic Furniture Fittings Exports

Exports from Switzerland

In 2021, shipments abroad of plastic fittings for furniture decreased by -7.9% to X tons, falling for the third year in a row after seven years of growth. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 17%. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, plastic furniture fittings exports amounted to $X in 2021. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 16%. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Germany (X tons), Austria (X tons) and Romania (X tons) were the main destinations of plastic furniture fittings exports from Switzerland, together comprising 90% of total exports.

From 2012 to 2021, the biggest increases were recorded for Romania (with a CAGR of +56.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for plastic furniture fittings exported from Switzerland were Germany ($X), Austria ($X) and Brazil ($X), with a combined 82% share of total exports. These countries were followed by Romania, which accounted for a further 1.5%.

Among the main countries of destination, Romania, with a CAGR of +65.5%, saw the highest rates of growth with regard to the value of exports, 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 fittings export price stood at $X per ton in 2021, growing by 11% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average export price increased by 18% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Romania ($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 Romania (+6.0%), while the prices for the other major destinations experienced mixed trend patterns.

Plastic Furniture Fittings Imports

Imports into Switzerland

In 2021, supplies from abroad of plastic fittings for furniture increased by 140% to X tons, rising for the fourth consecutive year after four years of decline. Over the period under review, imports posted a perceptible expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, plastic furniture fittings imports soared to $X in 2021. The total import value increased at an average annual rate of +3.0% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X tons) constituted the largest plastic furniture fittings supplier to Switzerland, accounting for a 62% share of total imports. Moreover, plastic furniture fittings imports from Germany exceeded the figures recorded by the second-largest supplier, China (X tons), sixfold. Italy (X tons) ranked third in terms of total imports with a 5.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany totaled +1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+12.2% per year) and Italy (-1.8% per year).

In value terms, Germany ($X) constituted the largest supplier of plastic fittings for furniture to Switzerland, comprising 50% of total imports. The second position in the ranking was taken by China ($X), with a 7.9% share of total imports. It was followed by Austria, with a 7.8% share.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to +2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+14.0% per year) and Austria (-0.1% per year).

Import Prices by Country

The average plastic furniture fittings import price stood at $X per ton in 2021, reducing by -49.5% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of 138% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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