Asia-Pacific: Plastic Furniture Fittings Market 2024

Plastic Furniture Fittings Market Size in Asia-Pacific

The Asia-Pacific plastic furniture fittings market expanded to $X in 2022, surging by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Plastic Furniture Fittings Production in Asia-Pacific

In value terms, plastic furniture fittings production rose slightly to $X in 2022 estimated in export price. The total production indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2016 with an increase of X%. The level of production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

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Plastic Furniture Fittings Exports

Exports in Asia-Pacific

In 2022, after six years of growth, there was significant decline in overseas shipments of plastic fittings for furniture, when their volume decreased by X% to X tons. Overall, exports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2018 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2021, and then shrank sharply in the following year.

In value terms, plastic furniture fittings exports contracted modestly to $X in 2022. Total exports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2012 indices. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, leveling off in the following year.

Exports by Country

China dominates exports structure, finishing at X tons, which was near X% of total exports in 2022. It was distantly followed by South Korea (X tons) and Japan (X tons), together mixing up a X% share of total exports. The following exporters - Vietnam (X tons), Thailand (X tons), Malaysia (X tons) and Taiwan (Chinese) (X tons) - together made up X% of total exports.

Exports from China increased at an average annual rate of X% from 2012 to 2022. At the same time, South Korea (X%), Vietnam (X%), Thailand (X%), Japan (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2022. By contrast, Taiwan (Chinese) (X%) illustrated a downward trend over the same period. China (X p.p.) and South Korea (X p.p.) significantly strengthened its position in terms of the total exports, while Taiwan (Chinese) saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest plastic furniture fittings supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was taken by South Korea ($X), with a X% share of total exports. It was followed by Japan, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: South Korea (X% per year) and Japan (X% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, increasing by X% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The level of export peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Thailand ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the other leaders experienced more modest paces of growth.

Plastic Furniture Fittings Imports

Imports in Asia-Pacific

In 2022, the amount of plastic fittings for furniture imported in Asia-Pacific shrank modestly to X tons, declining by X% on 2021 figures. Overall, imports saw a pronounced setback. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, plastic furniture fittings imports fell to $X in 2022. Total imports indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2021, and then declined modestly in the following year.

Imports by Country

Vietnam represented the main importer of plastic fittings for furniture in Asia-Pacific, with the volume of imports reaching X tons, which was near X% of total imports in 2022. It was distantly followed by Japan (X tons), Indonesia (X tons), Malaysia (X tons), South Korea (X tons), China (X tons), Thailand (X tons) and Taiwan (Chinese) (X tons), together mixing up a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to plastic furniture fittings imports into Vietnam stood at X%. At the same time, South Korea (X%), Malaysia (X%), Indonesia (X%), Japan (X%), Thailand (X%) and Taiwan (Chinese) (X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2022. China experienced a relatively flat trend pattern. From 2012 to 2022, the share of Vietnam, Japan, Indonesia, South Korea, Malaysia, Thailand and Taiwan (Chinese) increased by X, X, X, X, X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) constitutes the largest market for imported plastic fittings for furniture in Asia-Pacific, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by Japan, with a X% share.

In Vietnam, plastic furniture fittings imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: China (X% per year) and Japan (X% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2022, dropping by X% against the previous year. Import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of X% 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 X% against 2016 indices. The growth pace was the most rapid in 2013 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2021, and then dropped in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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