Report Update: Apr 27, 2024

Finland - Plastic Fittings For Furniture - Market Analysis, Forecast, Size, Trends And Insights

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Plastic Furniture Fittings Price in Finland - 2023

Plastic Furniture Fittings Price in Finland (CIF) - 2023

In June 2023, the average plastic furniture fittings import price amounted to $20,193 per ton, growing by 18% against the previous month. Overall, import price indicated a modest expansion from June 2022 to June 2023: its price increased at an average monthly rate of +1.8% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, plastic furniture fittings import price decreased by -14.2% against April 2023 indices. The pace of growth was the most pronounced in April 2023 an increase of 56% against the previous month. As a result, import price attained the peak level of $23,538 per ton. From May 2023 to June 2023, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Austria ($38,423 per ton), while the price for Lithuania ($4,829 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Plastic Furniture Fittings Price in Finland (FOB) - 2023

The average plastic furniture fittings export price stood at $48,848 per ton in June 2023, with an increase of 5.7% against the previous month. In general, the export price saw perceptible growth. The pace of growth was the most pronounced in August 2022 an increase of 138% m-o-m. The export price peaked in June 2023.

There were significant differences in the average prices for the major export markets. In June 2023, the country with the highest price was Latvia ($132K per ton), while the average price for exports to Kazakhstan ($1,429 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+51.2%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Furniture Fittings Imports in Finland

Plastic furniture fittings imports into Finland fell to 620 tons in 2022, which is down by -2.4% compared with the previous year's figure. Overall, imports showed a perceptible contraction. The pace of growth appeared the most rapid in 2021 with an increase of 7.3% against the previous year.

In value terms, plastic furniture fittings imports dropped to $9.9M in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 15%. As a result, imports attained the peak of $11M, and then dropped in the following year.

Import of Plastic Furniture Fittings in Finland (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	5.0	4.6	4.9	4.3	-4.9%
Sweden	1.5	2.3	2.5	2.1	11.9%
China	0.7	0.6	1.0	0.9	8.7%
Austria	0.4	0.4	0.6	0.6	14.5%
Italy	0.5	0.5	0.4	0.4	-7.2%
Others	1.8	1.1	1.4	1.6	-3.9%
Total	9.8	9.4	10.8	9.9	0.3%

Top Suppliers of Plastic Furniture Fittings to Finland in 2022:

Germany (307.7 tons)
Sweden (122.2 tons)
China (68.5 tons)
Austria (39.3 tons)
Italy (21.1 tons)

Plastic Furniture Fittings Exports in Finland

For the fourth consecutive year, Finland recorded growth in shipments abroad of plastic fittings for furniture, which increased by 1.8% to 33 tons in 2022. The total export volume increased at an average annual rate of +8.6% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 16%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, plastic furniture fittings exports reached $1.4M in 2022. The total export value increased at an average annual rate of +11.8% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 23%. The exports peaked in 2022 and are likely to see steady growth in years to come.

Export of Plastic Furniture Fittings in Finland (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Estonia	473	513	639	759	17.1%
Lithuania	119	146	137	197	18.3%
Latvia	61.9	60.3	53.8	68.9	3.6%
Sweden	88.8	119	155	65.5	-9.6%
Norway	42.8	101	130	54.9	8.7%
Russia	81.5	64.0	33.7	41.5	-20.1%
Netherlands	1.4	1.9	58.8	40.6	207.2%
United States	0.7	1.9	2.0	28.7	244.8%
Czech Republic	0.7	1.4	3.6	12.0	157.8%
China	27.0	3.6	43.2	6.4	-38.1%
Italy	48.0	57.5	39.0	4.2	-55.6%
Others	37.1	47.9	75.1	94.9	36.8%
Total	982	1,117	1,371	1,374	11.8%

Top Export Markets for Plastic Furniture Fittings from Finland in 2022:

Estonia (17.3 tons)
Lithuania (2.6 tons)
Sweden (2.0 tons)
Netherlands (1.7 tons)
Czech Republic (1.5 tons)
Russia (1.5 tons)
Latvia (1.4 tons)
United States (1.3 tons)
Norway (0.7 tons)
Italy (0.2 tons)
China (0.2 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the plastic furniture fittings market in Finland. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 22292610 - Plastic fittings for furniture, coachwork or the like

Country coverage:

Finland

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Finland
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023