United Kingdom: Plastic Furniture Fittings Market 2024

Plastic Furniture Fittings Market Size in the UK

In 2022, the UK plastic furniture fittings market decreased by X% to $X, falling for the fourth consecutive year after seven years of growth. Overall, consumption, however, continues to indicate a prominent increase. Plastic furniture fittings consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Plastic Furniture Fittings Production in the UK

In value terms, plastic furniture fittings production reduced modestly to $X in 2022 estimated in export price. Overall, production showed a abrupt descent. The growth pace was the most rapid in 2018 when the production volume increased by X% against the previous year. Plastic furniture fittings production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

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Plastic Furniture Fittings Exports

Exports from the UK

In 2022, approx. X tons of plastic fittings for furniture were exported from the UK; with a decrease of X% compared with the previous year. In general, exports continue to indicate a pronounced downturn. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, plastic furniture fittings exports fell to $X in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X tons), the Netherlands (X tons) and Poland (X tons) were the main destinations of plastic furniture fittings exports from the UK, together comprising X% of total exports. Ireland, France, the United States, Spain, Slovakia, Turkey, Morocco, China, Italy and Japan lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Morocco (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Germany ($X) and the Netherlands ($X) constituted the largest markets for plastic furniture fittings exported from the UK worldwide, with a combined X% share of total exports. France, Poland, Turkey, Ireland, China, Italy, Slovakia, Spain, Morocco and Japan lagged somewhat behind, together comprising a further X%.

Morocco, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of 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 2022, the average plastic furniture fittings export price amounted to $X per ton, surging by X% against the previous year. Over the period under review, export price indicated measured growth 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 export price increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Furniture Fittings Imports

Imports into the UK

In 2022, overseas purchases of plastic fittings for furniture decreased by X% to X tons, falling for the third year in a row after six years of growth. Over the period under review, imports continue to indicate a noticeable contraction. The growth pace was the most rapid in 2016 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, plastic furniture fittings imports contracted to $X in 2022. Overall, imports continue to indicate a mild curtailment. The pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Germany (X tons), China (X tons) and Poland (X tons) were the main suppliers of plastic furniture fittings imports to the UK, together accounting for X% of total imports. France, Austria, the Czech Republic, Slovenia, Turkey, Italy, Spain and Belgium lagged somewhat behind, together accounting for a further X%.

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

In value terms, Germany ($X), Poland ($X) and China ($X) constituted the largest plastic furniture fittings suppliers to the UK, together accounting for X% of total imports. France, Italy, Slovenia, the Czech Republic, Austria, Spain, Turkey and Belgium lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Slovenia, with a CAGR of X%, recorded the highest growth rate of the value of imports, 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 2022, surging by X% against the previous year. Overall, import price indicated a mild 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 2017 indices. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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