Vietnam - Plastic Fittings For Furniture - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPlastic Furniture Fittings Price in Vietnam - 2021
Contents:
- Plastic Furniture Fittings Price in Vietnam (CIF) - 2022
- Plastic Furniture Fittings Price in Vietnam (FOB) - 2022
- Plastic Furniture Fittings Imports in Vietnam
- Plastic Furniture Fittings Exports in Vietnam
Plastic Furniture Fittings Price in Vietnam (CIF) - 2022
The average plastic furniture fittings import price stood at $16,583 per ton in 2022, waning by -2.3% against the previous year. Over the period under review, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plastic furniture fittings import price increased by +97.2% against 2014 indices. The growth pace was the most rapid in 2016 an increase of 35%. Over the period under review, average import prices hit record highs at $16,973 per ton in 2021, and then shrank slightly in the following year.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Thailand ($17,052 per ton) and South Korea ($17,052 per ton), while the price for Germany ($16,219 per ton) and Japan ($16,247 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Plastic Furniture Fittings Price in Vietnam (FOB) - 2022
The average plastic furniture fittings export price stood at $17,771 per ton in 2022, growing by 7.5% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 12% against the previous year. The export price peaked at $19,792 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($19,759 per ton), while the average price for exports to Myanmar ($1,375 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+1.3%), while the prices for the other major destinations experienced more modest paces of growth.
Plastic Furniture Fittings Imports in Vietnam
Plastic furniture fittings imports into Vietnam shrank slightly to 14K tons in 2022, with a decrease of -1.9% against 2021 figures. In general, imports recorded a pronounced decline. The growth pace was the most rapid in 2021 with an increase of 3.9%.
In value terms, plastic furniture fittings imports dropped slightly to $233M in 2022. Overall, imports recorded a slight downturn. The growth pace was the most rapid in 2021 with an increase of 9% against the previous year.
Import of Plastic Furniture Fittings in Vietnam (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 153 | 128 | 118 | 119 | -8.0% |
China | 28.4 | 35.1 | 50.4 | 45.7 | 17.2% |
Thailand | 28.5 | 25.6 | 32.4 | 29.4 | 1.0% |
South Korea | 11.1 | 13.3 | 18.6 | 16.9 | 15.0% |
Germany | 6.8 | 4.5 | 4.7 | 4.8 | -11.0% |
Others | 17.2 | 16.4 | 18.4 | 17.1 | -0.2% |
Total | 245 | 223 | 243 | 233 | -1.7% |
Top Suppliers of Plastic Furniture Fittings to Vietnam in 2022:
- Japan (7.3K tons)
- China (2.7K tons)
- Thailand (1.7K tons)
- South Korea (1.0K tons)
- Germany (0.3K tons)
Plastic Furniture Fittings Exports in Vietnam
In 2022, after three years of growth, there was significant decline in shipments abroad of plastic fittings for furniture, when their volume decreased by -15.7% to 4.3K tons. Over the period under review, total exports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +8.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +27.8% against 2019 indices. The growth pace was the most rapid in 2021 when exports increased by 47% against the previous year. As a result, the exports attained the peak of 5.1K tons, and then dropped dramatically in the following year.
In value terms, plastic furniture fittings exports fell to $76M in 2022. The total export value increased at an average annual rate of +7.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 23%. As a result, the exports reached the peak of $84M, and then contracted in the following year.
Export of Plastic Furniture Fittings in Vietnam (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 17.2 | 17.3 | 22.4 | 20.2 | 5.5% |
United States | 9.3 | 11.6 | 10.6 | 9.5 | 0.7% |
Philippines | 6.1 | 7.0 | 8.9 | 8.0 | 9.5% |
South Korea | 2.7 | 5.0 | 6.8 | 6.1 | 31.2% |
Thailand | 2.9 | 4.7 | 6.2 | 5.6 | 24.5% |
Indonesia | 6.3 | 4.5 | 4.7 | 4.6 | -10.0% |
Czech Republic | 3.7 | 3.9 | 3.8 | 3.4 | -2.8% |
Mexico | 1.2 | 0.9 | 3.3 | 3.0 | 35.7% |
Cambodia | 2.5 | 3.0 | 3.1 | 2.8 | 3.8% |
Turkey | 2.1 | 2.2 | 2.8 | 2.5 | 6.0% |
China | 2.3 | 1.9 | 2.5 | 2.2 | -1.5% |
Hong Kong SAR | 1.1 | 1.1 | 1.9 | 1.8 | 17.8% |
Myanmar | 0.2 | 0.2 | N/A | 0.1 | -20.6% |
Others | 4.4 | 4.9 | 6.9 | 6.3 | 12.7% |
Total | 61.9 | 68.2 | 83.9 | 76.0 | 7.1% |
Top Export Markets for Plastic Furniture Fittings from Vietnam in 2022:
- Japan (1119.0 tons)
- United States (528.9 tons)
- Philippines (442.4 tons)
- South Korea (339.8 tons)
- Thailand (309.8 tons)
- Indonesia (232.5 tons)
- Czech Republic (190.3 tons)
- Mexico (164.2 tons)
- Cambodia (153.5 tons)
- Turkey (139.7 tons)
- China (122.7 tons)
- Hong Kong SAR (97.2 tons)
- Myanmar (87.6 tons)
This report provides an in-depth analysis of the plastic furniture fittings market in Vietnam. 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:
- Vietnam
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Vietnam
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the plastic furniture fittings market in Vietnam.
This report provides an in-depth analysis of the office supply market in Vietnam.
This report provides an in-depth analysis of the plastic ornamental articles market in Vietnam.
This report provides an in-depth analysis of the global plastic furniture fittings market.
This report provides an in-depth analysis of the global office supply market.
This report provides an in-depth analysis of the global plastic ornamental articles market.
This report provides an in-depth analysis of the plastic furniture fittings market in Vietnam.
This report provides an in-depth analysis of the office supply market in Vietnam.
This report provides an in-depth analysis of the plastic ornamental articles market in Vietnam.
This report provides an in-depth analysis of the global plastic furniture fittings market.
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