India - Furniture Of Plastic - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPlastic Furniture Price in India - 2023
Contents:
- Plastic Furniture Price in India (FOB) - 2023
- Plastic Furniture Price in India (CIF) - 2023
- Plastic Furniture Exports in India
- Plastic Furniture Imports in India
Plastic Furniture Price in India (FOB) - 2023
In September 2023, the average plastic furniture export price amounted to $3.8 per unit, remaining constant against the previous month. In general, the export price saw a perceptible decline. The most prominent rate of growth was recorded in January 2023 when the average export price increased by 7.6% against the previous month. Over the period under review, the average export prices reached the peak figure at $5.9 per unit in October 2022; however, from November 2022 to September 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Honduras ($6.5 per unit), while the average price for exports to Mozambique ($1.4 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 Sweden (+9.1%), while the prices for the other major destinations experienced more modest paces of growth.
Plastic Furniture Price in India (CIF) - 2023
The average plastic furniture import price stood at $6.2 per unit in September 2023, remaining stable against the previous month. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in March 2023 when the average import price increased by 58% m-o-m. Over the period under review, average import prices attained the peak figure at $6.6 per unit in October 2022; however, from November 2022 to September 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($18.7 per unit), while the price for China ($4.9 per unit) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Italy (+3.8%), while the prices for the other major suppliers experienced a decline.
Plastic Furniture Exports in India
In 2022, exports of furniture of plastic from India surged to 1.9M units, rising by 24% against 2021 figures. In general, total exports indicated slight growth from 2019 to 2022: its volume increased at an average annual rate of +1.9% 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 +61.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 30% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.
In value terms, plastic furniture exports surged to $12M in 2022. Over the period under review, exports, however, showed a mild shrinkage. The growth pace was the most rapid in 2021 with an increase of 22%. The exports peaked at $12M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Plastic Furniture in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 53.2 | 978 | 1,160 | 2,931 | 280.5% |
| Nicaragua | 2,164 | 1,501 | 1,948 | 1,853 | -5.0% |
| United Arab Emirates | 1,047 | 856 | 1,321 | 923 | -4.1% |
| Nepal | 149 | 173 | 324 | 607 | 59.7% |
| Canada | 525 | 424 | 205 | 591 | 4.0% |
| Gambia | 235 | 114 | 243 | 454 | 24.5% |
| Qatar | 319 | 390 | 282 | 440 | 11.3% |
| Panama | 835 | 532 | 564 | 397 | -22.0% |
| Somalia | 119 | 144 | 188 | 258 | 29.4% |
| Tanzania | 14.6 | 23.2 | 73.5 | 194 | 136.9% |
| Jamaica | 214 | 225 | 200 | 173 | -6.8% |
| Senegal | 37.1 | 32.5 | 46.2 | 163 | 63.8% |
| Mauritius | 149 | 110 | 131 | 146 | -0.7% |
| Others | 6,558 | 2,563 | 3,179 | 2,768 | -25.0% |
| Total | 12,419 | 8,067 | 9,865 | 11,898 | -1.4% |
Top Export Markets for Plastic Furniture from India in 2022:
- Nicaragua (339.7K units)
- United States (313.0K units)
- United Arab Emirates (161.3K units)
- Gambia (160.8K units)
- Panama (85.8K units)
- Nepal (76.8K units)
- Qatar (71.7K units)
- Senegal (66.1K units)
- Tanzania (52.6K units)
- Somalia (47.0K units)
- Canada (45.0K units)
- Mauritius (38.3K units)
- Jamaica (35.1K units)
Plastic Furniture Imports in India
In 2022, approx. 1.8M units of furniture of plastic were imported into India; rising by 18% against 2021. In general, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +12.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +56.1% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 32% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, plastic furniture imports soared to $12M in 2022. Overall, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +11.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +58.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 27%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Plastic Furniture in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 5.5 | 4.9 | 5.0 | 6.1 | 3.5% |
| Bangladesh | 1.3 | 1.7 | 3.4 | 3.7 | 41.7% |
| Italy | 0.2 | 0.3 | 0.5 | 1.0 | 71.0% |
| Thailand | 0.2 | 0.1 | N/A | 0.3 | 14.5% |
| Myanmar | 0.3 | N/A | N/A | N/A | 0% |
| Others | 1.3 | 0.6 | 0.7 | 1.1 | -5.4% |
| Total | 8.7 | 7.6 | 9.7 | 12.1 | 11.6% |
Top Suppliers of Plastic Furniture to India in 2022:
- China (1005.1K units)
- Bangladesh (690.9K units)
- Italy (57.6K units)
- Thailand (29.4K units)
This report provides an in-depth analysis of the plastic furniture market in India. 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:
- India
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in India
- 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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