Eastern Asia: Plastic Furniture Market 2024

Plastic Furniture Market Size in Eastern Asia

The East Asian plastic furniture market fell to $X in 2022, waning by X% against the previous year. Over the period under review, consumption, however, showed a buoyant increase. As a result, consumption reached the peak level of $X, and then reduced in the following year.

Plastic Furniture Production in Eastern Asia

In value terms, plastic furniture production declined to $X in 2022 estimated in export price. The total production indicated slight 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, production increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2015 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Plastic Furniture Exports

Exports in Eastern Asia

In 2022, shipments abroad of furniture of plastic decreased by X% to X units, falling for the third year in a row after five years of growth. Over the period under review, exports saw a deep contraction. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, plastic furniture exports stood at $X in 2022. In general, exports, however, posted strong growth. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. The level of export peaked in 2022 and is likely to continue growth in years to come.

Exports by Country

China dominates exports structure, finishing at X units, which was near X% of total exports in 2022. It was distantly followed by Taiwan (Chinese) (X units), generating a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to plastic furniture exports from China stood at X%. Taiwan (Chinese) (X%) illustrated a downward trend over the same period. While the share of China (X p.p.) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest plastic furniture supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in China totaled X%.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per unit, surging by X% against the previous year. In general, the export price showed a strong increase. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. The level of export peaked in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was China ($X per unit), while Taiwan (Chinese) totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%).

Plastic Furniture Imports

Imports in Eastern Asia

In 2022, imports of furniture of plastic in Eastern Asia fell to X units, dropping by X% on the year before. The total import volume 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 most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports reached the peak figure at X units in 2021, and then dropped in the following year.

In value terms, plastic furniture imports declined slightly to $X in 2022. The total import 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 pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then declined slightly in the following year.

Imports by Country

Japan represented the key importer of furniture of plastic in Eastern Asia, with the volume of imports recording X units, which was approx. X% of total imports in 2022. It was distantly followed by South Korea (X units), Taiwan (Chinese) (X units) and Hong Kong SAR (X units), together generating a X% share of total imports. China (X units) took a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constitutes the largest market for imported furniture of plastic in Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by South Korea ($X), with a X% share of total imports. It was followed by Taiwan (Chinese), with a X% share.

In Japan, plastic furniture imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: South Korea (X% per year) and Taiwan (Chinese) (X% per year).

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per unit, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in years to come.

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

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

Source: IndexBox Platform

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