United Kingdom: Market for Plastic Shutters And Blinds 2024

Market Size for Plastic Shutters And Blinds in the UK

In 2022, after ten years of growth, there was significant decline in the UK plastic shutters and blinds market, when its value decreased by -25.5% to $X. Overall, consumption, however, showed a prominent expansion. As a result, consumption attained the peak level of $X, and then shrank remarkably in the following year.

Production of Plastic Shutters And Blinds in the UK

In value terms, plastic shutters and blinds production totaled $X in 2022 estimated in export price. In general, production posted a strong increase. The most prominent rate of growth was recorded in 2014 with an increase of 41% against the previous year. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Plastic Shutters And Blinds

Exports from the UK

In 2022, overseas shipments of plastic shutters and blinds decreased by -6.4% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, total exports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +7.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +23.5% against 2018 indices. The pace of growth appeared the most rapid in 2021 with an increase of 41% against the previous year. As a result, the exports reached the peak of X units, and then fell in the following year.

In value terms, plastic shutters and blinds exports dropped to $X in 2022. The total export value increased at an average annual rate of +3.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 when exports increased by 23%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

China (X units), Ireland (X units) and France (X units) were the main destinations of plastic shutters and blinds exports from the UK, together accounting for 55% of total exports. The United Arab Emirates, Germany, the United States, the Netherlands, Poland, Belgium, Switzerland, South Africa, Denmark and Canada lagged somewhat behind, together comprising a further 31%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Switzerland (with a CAGR of +60.6%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), Ireland ($X) and France ($X) were the largest markets for plastic shutters and blinds exported from the UK worldwide, with a combined 38% share of total exports. Germany, the United States, the Netherlands, Poland, South Africa, the United Arab Emirates, Switzerland, Belgium, Denmark and Canada lagged somewhat behind, together comprising a further 41%.

Switzerland, with a CAGR of +46.5%, recorded the highest growth rate of 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

The average plastic shutters and blinds export price stood at $X per unit in 2022, falling by -3% against the previous year. In general, the export price saw a noticeable reduction. The pace of growth appeared the most rapid in 2017 when the average export price increased by 15%. As a result, the export price attained the peak level of $X per unit. From 2018 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastic Shutters And Blinds

Imports into the UK

In 2022, purchases abroad of plastic shutters and blinds decreased by -28.4% to X units for the first time since 2011, thus ending a ten-year rising trend. In general, imports, however, saw a resilient increase. The most prominent rate of growth was recorded in 2021 when imports increased by 45% against the previous year. As a result, imports attained the peak of X units, and then shrank rapidly in the following year.

In value terms, plastic shutters and blinds imports fell dramatically to $X in 2022. Overall, imports, however, enjoyed a resilient increase. The growth pace was the most rapid in 2021 with an increase of 48% against the previous year. As a result, imports reached the peak of $X, and then dropped significantly in the following year.

Imports by Country

In 2022, China (X units) constituted the largest plastic shutters and blinds supplier to the UK, with a 63% share of total imports. Moreover, plastic shutters and blinds imports from China exceeded the figures recorded by the second-largest supplier, Romania (X units), fivefold. The third position in this ranking was taken by Cambodia (X units), with a 6.1% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +15.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+202.3% per year) and Cambodia (+87.5% per year).

In value terms, China ($X) constituted the largest supplier of plastic shutters and blinds to the UK, comprising 46% of total imports. The second position in the ranking was taken by Romania ($X), with a 15% share of total imports. It was followed by Belgium, with a 7.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +16.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+156.2% per year) and Belgium (+11.4% per year).

Import Prices by Country

In 2022, the average plastic shutters and blinds import price amounted to $X per unit, with an increase of 1.6% against the previous year. In general, the import price, however, recorded a slight curtailment. The most prominent rate of growth was recorded in 2014 an increase of 12% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Israel ($X per unit), while the price for South Africa ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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