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Store → Rubber And Plastic → Plastics → Plastic Fittings For Furniture
Report Thailand - Plastic Fittings for Furniture - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update: Oct 1, 2023

Thailand - Plastic Fittings for Furniture - Market Analysis, Forecast, Size, Trends and Insights

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Thailand: Plastic Furniture Fittings Market 2023

Plastic Furniture Fittings Market Size in Thailand

In 2021, after two years of growth, there was decline in the Thai plastic furniture fittings market, when its value decreased by -1.6% to $X. In general, the total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +71.7% against 2012 indices. Plastic furniture fittings consumption peaked at $X in 2020, and then shrank in the following year.

Plastic Furniture Fittings Production in Thailand

In value terms, plastic furniture fittings production fell modestly to $X in 2021 estimated in export price. Overall, the total production indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +6.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +80.7% against 2012 indices. The growth pace was the most rapid in 2017 when the production volume increased by 19% against the previous year. Over the period under review, production reached the peak level at $X in 2020, and then contracted in the following year.

Plastic Furniture Fittings Exports

Exports from Thailand

After two years of decline, overseas shipments of plastic fittings for furniture increased by 12% to X tons in 2021. In general, exports posted a buoyant expansion. The growth pace was the most rapid in 2016 with an increase of 38% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in years to come.

In value terms, plastic furniture fittings exports surged to $X in 2021. Overall, exports saw a prominent expansion. The pace of growth was the most pronounced in 2016 with an increase of 39% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

Exports by Country

Japan (X tons), Vietnam (X tons) and Argentina (X tons) were the main destinations of plastic furniture fittings exports from Thailand, together comprising 41% of total exports. These countries were followed by Indonesia, Malaysia, Brazil, South Africa, China, India, Pakistan and the Philippines, which together accounted for a further 47%.

From 2012 to 2021, the biggest increases were recorded for the Philippines (with a CAGR of +27.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for plastic furniture fittings exported from Thailand were Japan ($X), Vietnam ($X) and Indonesia ($X), together comprising 41% of total exports. These countries were followed by Argentina, Malaysia, Brazil, India, South Africa, Pakistan, China and the Philippines, which together accounted for a further 45%.

Pakistan, with a CAGR of +29.2%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average plastic furniture fittings export price amounted to $X per ton, picking up by 8.1% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2019 an increase of 14% against the previous year. Over the period under review, the average export prices attained the peak figure in 2021 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+9.2%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Furniture Fittings Imports

Imports into Thailand

After two years of decline, purchases abroad of plastic fittings for furniture increased by 45% to X tons in 2021. Overall, total imports indicated a perceptible expansion from 2012 to 2021: its volume increased at an average annual rate of +3.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, plastic furniture fittings imports soared to $X in 2021. Over the period under review, imports, however, showed a pronounced descent. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of plastic furniture fittings to Thailand, with a 52% share of total imports. Moreover, plastic furniture fittings imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), threefold. India (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +11.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-4.1% per year) and India (+56.9% per year).

In value terms, Japan ($X), China ($X) and India ($X) appeared to be the largest plastic furniture fittings suppliers to Thailand, together accounting for 80% of total imports. These countries were followed by Germany, Romania and Malaysia, which together accounted for a further 12%.

Romania, with a CAGR of +256.2%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average plastic furniture fittings import price stood at $X per ton in 2021, almost unchanged from the previous year. Overall, the import price, however, saw a drastic downturn. The pace of growth was the most pronounced in 2019 when the average import price increased by 19% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+7.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for plastic fittings for furniture in the world?
+
The countries with the highest volumes of consumption in 2021 were China, the United States and Russia, together comprising 36% of global consumption. India, Japan, Pakistan, Italy, Brazil, the UK, Turkey, the Czech Republic, Poland and France lagged somewhat behind, together accounting for a further 37%.
What are the largest producers of plastic fittings for furniture in the world?
+
China remains the largest plastic furniture fittings producing country worldwide, comprising approx. 24% of total volume. Moreover, plastic furniture fittings production in China exceeded the figures recorded by the second-largest producer, the United States, threefold. Russia ranked third in terms of total production with a 7.3% share.
What are the leading suppliers of plastic fittings for furniture to Thailand?
+
In value terms, Japan, China and India constituted the largest plastic furniture fittings suppliers to Thailand, together comprising 80% of total imports. Germany, Romania and Malaysia lagged somewhat behind, together comprising a further 12%.
What are the leading importers of plastic fittings for furniture from Thailand?
+
In value terms, Japan, Vietnam and Indonesia constituted the largest markets for plastic furniture fittings exported from Thailand worldwide, with a combined 41% share of total exports. Argentina, Malaysia, Brazil, India, South Africa, Pakistan, China and the Philippines lagged somewhat behind, together comprising a further 45%.
What is the average export price for plastic fittings for furniture in Thailand?
+
In 2021, the average plastic furniture fittings export price amounted to $18,607 per ton, increasing by 8.1% against the previous year.
What is the average import price for plastic fittings for furniture in Thailand?
+
The average plastic furniture fittings import price stood at $13,513 per ton in 2021, remaining constant against the previous year.

This report provides an in-depth analysis of the plastic furniture fittings market in Thailand. 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:
• Thailand

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Thailand
• 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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS  This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

This Chapter is Available Only for the Professional Edition PRO
4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
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
5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

This Chapter is Available Only for the Professional Edition PRO
6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
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
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2012-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2022
Figure 5:
Trade Balance, In Physical Terms, 2012-2022
Figure 6:
Trade Balance, In Value Terms, 2012-2022
Figure 7:
Per Capita Consumption, 2012-2022
Figure 8:
Market Volume Forecast to 2030
Figure 9:
Market Value Forecast to 2030
Figure 10:
Products: Market Size And Growth, By Type
Figure 11:
Products: Average Per Capita Consumption, By Type
Figure 12:
Products: Exports And Growth, By Type
Figure 13:
Products: Export Prices And Growth, By Type
Figure 14:
Production Volume And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2012–2022
Figure 22:
Production, In Value Terms, 2012–2022
Figure 23:
Imports, In Physical Terms, 2012–2022
Figure 24:
Imports, In Value Terms, 2012–2022
Figure 25:
Imports, In Physical Terms, By Country, 2022
Figure 26:
Imports, In Physical Terms, By Country, 2012–2022
Figure 27:
Imports, In Value Terms, By Country, 2012–2022
Figure 28:
Import Prices, By Country Of Origin, 2012–2022
Figure 29:
Exports, In Physical Terms, 2012–2022
Figure 30:
Exports, In Value Terms, 2012–2022
Figure 31:
Exports, In Physical Terms, By Country, 2022
Figure 32:
Exports, In Physical Terms, By Country, 2012–2022
Figure 33:
Exports, In Value Terms, By Country, 2012–2022
Figure 34:
Export Prices, By Country Of Destination, 2012–2022
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