Global Plastic Furniture Market 2024

Plastic Furniture Market Size

The global plastic furniture market fell to $X in 2022, declining 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 in certain years. As a result, consumption attained the peak level of $X, and then dropped in the following year.

Plastic Furniture Production

In value terms, plastic furniture production declined to $X in 2022 estimated in export price. Overall, the total production indicated a slight 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 increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. Global production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Plastic Furniture Exports

Exports

In 2022, overseas shipments of furniture of plastic were finally on the rise to reach X units after three years of decline. In general, exports, however, continue to indicate a perceptible slump. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, the global exports hit record highs at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, plastic furniture exports stood at $X in 2022. Overall, total exports indicated a buoyant 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, exports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The global exports peaked in 2022 and are likely to continue growth in the immediate term.

Exports by Country

China represented the key exporting country with an export of around X units, which reached X% of total exports. The United States (X units) took the second position in the ranking, followed by Canada (X units), Turkey (X units), Italy (X units) and Israel (X units). All these countries together held near X% share of total exports. The following exporters - Poland (X units), the Netherlands (X units), Taiwan (Chinese) (X units) and India (X units) - each reached a X% share of total exports.

Exports from China decreased at an average annual rate of X% from 2012 to 2022. At the same time, Canada (X%), Turkey (X%), India (X%), the United States (X%) and Israel (X%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. By contrast, Poland (X%), the Netherlands (X%), Taiwan (Chinese) (X%) and Italy (X%) illustrated a downward trend over the same period. While the share of Canada (X p.p.), the United States (X p.p.), Turkey (X p.p.) and Israel (X p.p.) increased significantly in terms of the global exports from 2012-2022, the share of Italy (X p.p.) and China (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest plastic furniture supplier worldwide, comprising X% of global exports. The second position in the ranking was held by Italy ($X), with a X% share of global exports. It was followed by the United States, 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: Italy (X% per year) and the United States (X% per year).

Export Prices by Country

In 2022, the average plastic furniture export price amounted to $X per unit, rising by X% against the previous year. In general, the export price enjoyed prominent growth. The most prominent rate of growth was recorded in 2020 an increase of X%. The global export price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($X per unit), while India ($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 global leaders experienced more modest paces of growth.

Plastic Furniture Imports

Imports

In 2022, the amount of furniture of plastic imported worldwide dropped modestly to X units, shrinking by X% compared with the previous year's figure. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, global imports attained the maximum at X units in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, plastic furniture imports declined modestly to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. 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, leveling off in the following year.

Imports by Country

In 2022, the United States (X units), distantly followed by the UK (X units) and Canada (X units) were the major importers of furniture of plastic, together mixing up X% of total imports. Australia (X units), Mexico (X units), France (X units), Indonesia (X units), Japan (X units), Germany (X units), Nigeria (X units), the Philippines (X units) and Iraq (X units) took a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to plastic furniture imports into the United States stood at X%. At the same time, Indonesia (X%), the Philippines (X%), Nigeria (X%), Canada (X%), Mexico (X%) and the UK (X%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2022. Japan and Iraq experienced a relatively flat trend pattern. By contrast, Australia (X%), Germany (X%) and France (X%) illustrated a downward trend over the same period. While the share of the United States (X p.p.), Indonesia (X p.p.) and Canada (X p.p.) increased significantly in terms of the global imports from 2012-2022, the share of Australia (X p.p.), Germany (X p.p.) and France (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported furniture of plastic worldwide, comprising X% of global imports. The second position in the ranking was taken by the UK ($X), with a X% share of global imports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States amounted to X%. In the other countries, the average annual rates were as follows: the UK (X% per year) and Germany (X% per year).

Import Prices by Country

In 2022, the average plastic furniture import price amounted to $X per unit, surging by X% against the previous year. In general, import price indicated a measured 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 import price increased by X% against 2017 indices. The growth pace was the most rapid in 2020 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per unit), while Nigeria ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :