Ukraine: Plastic Furniture Fittings Market 2024

Plastic Furniture Fittings Market Size in Ukraine

In 2021, the Ukrainian plastic furniture fittings market increased by 23% to $X, rising for the sixth consecutive year after two years of decline. Over the period under review, the total consumption indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +7.3% 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 +120.4% against 2015 indices. Over the period under review, the market reached the maximum level in 2021 and is likely to continue growth in the immediate term.

Plastic Furniture Fittings Production in Ukraine

In value terms, plastic furniture fittings production reached $X in 2021 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 43% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Plastic Furniture Fittings Exports

Exports from Ukraine

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. In general, exports posted a prominent expansion. The growth pace was the most rapid in 2014 when exports increased by 55% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, plastic furniture fittings exports expanded notably to $X in 2021. Over the period under review, exports continue to indicate buoyant growth. The growth pace was the most rapid in 2014 when exports increased by 76% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

Russia (X tons), Poland (X tons) and Belgium (X tons) were the main destinations of plastic furniture fittings exports from Ukraine, with a combined 63% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +71.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for plastic furniture fittings exported from Ukraine were Poland ($X), Belgium ($X) and Russia ($X), together accounting for 59% of total exports.

Among the main countries of destination, Belgium, with a CAGR of +67.7%, 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

In 2021, the average plastic furniture fittings export price amounted to $X per ton, rising by 7.6% against the previous year. In general, the export price, however, saw a mild setback. The pace of growth appeared the most rapid in 2019 when the average export price increased by 33% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to Russia ($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 Germany (+6.2%), while the prices for the other major destinations experienced mixed trend patterns.

Plastic Furniture Fittings Imports

Imports into Ukraine

In 2021, purchases abroad of plastic fittings for furniture increased by 20% to X tons, rising for the fifth consecutive year after four years of decline. Overall, total imports indicated a noticeable increase from 2012 to 2021: its volume increased at an average annual rate of +3.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +100.1% against 2016 indices. The most prominent rate of growth was recorded in 2018 with an increase of 29% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, plastic furniture fittings imports surged to $X in 2021. Over the period under review, imports saw a strong increase. The most prominent rate of growth was recorded in 2017 when imports increased by 35% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

China (X tons), Poland (X tons) and Germany (X tons) were the main suppliers of plastic furniture fittings imports to Ukraine, with a combined 55% share of total imports. The Czech Republic, Lithuania, Russia, Turkey, Italy, the UK, Austria and Hungary lagged somewhat behind, together comprising a further 34%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of +32.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Poland ($X) and the Czech Republic ($X) were the largest plastic furniture fittings suppliers to Ukraine, together comprising 52% of total imports.

The Czech Republic, with a CAGR of +21.4%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average plastic furniture fittings import price amounted to $X per ton, increasing by 9.1% against the previous year. In general, import price indicated a prominent expansion from 2012 to 2021: its price increased at an average annual rate of +5.5% 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 import price increased by +11.4% against 2019 indices. The most prominent rate of growth was recorded in 2013 an increase of 33%. Over the period under review, average import prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Austria ($X per ton), while the price for Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+20.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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