China - Furniture Of Plastic - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPlastic Furniture Price in China - 2023
Contents:
- Plastic Furniture Price in China (FOB) - 2023
- Plastic Furniture Price in China (CIF) - 2022
- Plastic Furniture Exports in China
- Plastic Furniture Imports in China
Plastic Furniture Price in China (FOB) - 2023
The average plastic furniture export price stood at $16.8 per unit in September 2023, standing approximately at the previous month. In general, the export price, however, saw a pronounced decrease. The pace of growth appeared the most rapid in August 2023 when the average export price increased by 54% m-o-m. The export price peaked at $26.1 per unit in January 2023; however, from February 2023 to September 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In September 2023, the country with the highest price was Singapore ($22.5 per unit), while the average price for exports to the Netherlands ($10.0 per unit) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+0.5%), while the prices for the other major destinations experienced a decline.
Plastic Furniture Price in China (CIF) - 2022
The average plastic furniture import price stood at $15 per unit in 2022, leveling off at the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 27%. The import price peaked at $18 per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat 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 the United States ($183 per unit), while the price for Italy ($9.9 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+23.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Plastic Furniture Exports in China
In 2022, after three years of growth, there was significant decline in overseas shipments of furniture of plastic, when their volume decreased by -5.4% to 171M units. The total export volume increased at an average annual rate of +3.1% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 8.5% against the previous year. As a result, the exports reached the peak of 181M units, and then fell in the following year.
In value terms, plastic furniture exports expanded slightly to $1.7B in 2022. In general, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +15.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +52.7% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 24%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.
| Export of Plastic Furniture in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 345 | 384 | 476 | 478 | 11.5% |
| Malaysia | 26.6 | 36.9 | 60.0 | 97.5 | 54.2% |
| Philippines | 23.4 | 42.3 | 55.5 | 77.5 | 49.1% |
| Australia | 30.0 | 38.5 | 50.2 | 62.6 | 27.8% |
| Saudi Arabia | 43.7 | 99.4 | 79.6 | 58.7 | 10.3% |
| Thailand | 15.3 | 32.9 | 48.1 | 58.7 | 56.5% |
| Mexico | 28.2 | 29.0 | 42.6 | 45.9 | 17.6% |
| United Kingdom | 29.7 | 40.6 | 42.4 | 38.6 | 9.1% |
| Vietnam | 18.7 | 25.0 | 34.3 | 37.5 | 26.1% |
| Indonesia | 16.0 | 29.1 | 33.7 | 35.9 | 30.9% |
| Canada | 24.4 | 37.6 | 30.6 | 35.4 | 13.2% |
| Germany | 17.5 | 24.5 | 30.8 | 20.9 | 6.1% |
| France | 22.9 | 16.8 | 22.0 | 19.3 | -5.5% |
| Others | 443 | 506 | 573 | 589 | 10.0% |
| Total | 1,084 | 1,343 | 1,579 | 1,655 | 15.1% |
Top Export Markets for Plastic Furniture from China in 2022:
- United States (59.9M units)
- Malaysia (11.8M units)
- Mexico (10.6M units)
- Indonesia (8.1M units)
- United Kingdom (5.4M units)
- Thailand (5.3M units)
- Philippines (5.1M units)
- Canada (4.1M units)
- Australia (3.4M units)
- France (3.1M units)
- Germany (3.1M units)
- Vietnam (2.6M units)
- Saudi Arabia (1.6M units)
Plastic Furniture Imports in China
Plastic furniture imports into China dropped to 888K units in 2022, with a decrease of -14.9% against 2021 figures. Over the period under review, imports faced a abrupt slump. The pace of growth was the most pronounced in 2021 with an increase of 13% against the previous year. Imports peaked at 1.4M units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, plastic furniture imports shrank to $13M in 2022. In general, imports showed a abrupt slump. The most prominent rate of growth was recorded in 2021 when imports increased by 5.9% against the previous year. Over the period under review, imports reached the maximum at $23M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Plastic Furniture in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 3.2 | 3.1 | 4.2 | 4.3 | 10.4% |
| Japan | 5.4 | 4.0 | 4.4 | 2.6 | -21.6% |
| South Korea | 4.8 | 1.3 | 1.1 | 1.6 | -30.7% |
| Hungary | N/A | N/A | 0.1 | 0.8 | 700.0% |
| Vietnam | 1.2 | 0.8 | 0.5 | 0.6 | -20.6% |
| United States | 1.6 | 1.0 | 1.1 | 0.4 | -37.0% |
| France | 3.7 | 1.3 | 1.3 | 0.3 | -56.7% |
| Poland | 0.3 | 0.3 | 0.2 | 0.2 | -12.6% |
| Others | 3.3 | 2.9 | 2.7 | 2.5 | -8.8% |
| Total | 23.3 | 14.7 | 15.5 | 13.4 | -16.8% |
Top Suppliers of Plastic Furniture to China in 2022:
- Italy (435.2K units)
- Japan (209.7K units)
- Hungary (61.1K units)
- Vietnam (54.3K units)
- South Korea (42.0K units)
- Poland (22.1K units)
- France (5.2K units)
- United States (2.2K units)
This report provides an in-depth analysis of the plastic furniture market in China. 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 31091430 - Furniture of plastics (excluding medical, surgical, dental or veterinary furniture - cases and cabinets specially designed for hi-fi systems, videos and televisions)
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- 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
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