Global Plastic Furniture Fittings Market 2024

Plastic Furniture Fittings Market Size

In 2022, after two years of growth, there was decline in the global plastic furniture fittings market, when its value decreased by X% to $X. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the global market reached the maximum level at $X in 2021, and then contracted in the following year.

Plastic Furniture Fittings Production

In value terms, plastic furniture fittings production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. Over the period under review, global production reached the maximum level at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Plastic Furniture Fittings Exports

Exports

In 2022, the amount of plastic fittings for furniture exported worldwide reduced modestly to X tons, dropping by X% compared with the previous year. Overall, total exports indicated a measured expansion from 2012 to 2022: its volume 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 2020 indices. The growth pace was the most rapid in 2018 with an increase of X%. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the global exports failed to regain momentum.

In value terms, plastic furniture fittings exports declined to $X in 2022. The total export 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. The pace of growth was the most pronounced in 2021 when exports increased by X%. As a result, the exports attained the peak of $X, and then reduced modestly in the following year.

Exports by Country

In 2022, China (X tons), distantly followed by Poland (X tons), Germany (X tons), Slovakia (X tons) and the United States (X tons) represented the largest exporters of plastic fittings for furniture, together achieving X% of total exports. Mexico (X tons), the Czech Republic (X tons), Hungary (X tons), France (X tons), South Korea (X tons), Portugal (X tons), Canada (X tons) and Italy (X tons) held a minor share of total exports.

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

In value terms, Germany ($X), China ($X) and Poland ($X) were the countries with the highest levels of exports in 2022, together comprising X% of global exports. The United States, Slovakia, France, the Czech Republic, South Korea, Mexico, Hungary, Portugal, Italy and Canada lagged somewhat behind, together comprising a further X%.

Mexico, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average plastic furniture fittings export price stood at $X per ton in 2022, flattening at the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a lower figure.

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

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

Plastic Furniture Fittings Imports

Imports

Global plastic furniture fittings imports shrank to X tons in 2022, waning by X% compared with the previous year's figure. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, global imports attained the maximum at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, plastic furniture fittings imports reduced slightly to $X in 2022. Over the period under review, total imports indicated a tangible 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, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by X%. Global imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X tons), distantly followed by Germany (X tons), Mexico (X tons), Poland (X tons), the Czech Republic (X tons) and Slovakia (X tons) were the major importers of plastic fittings for furniture, together generating X% of total imports. The following importers - Vietnam (X tons), Hungary (X tons), Spain (X tons), the UK (X tons), Canada (X tons), France (X tons) and Russia (X tons) - together made up X% of total imports.

The United States was also the fastest-growing in terms of the plastic fittings for furniture imports, with a CAGR of X% from 2012 to 2022. At the same time, Hungary (X%), Mexico (X%), Canada (X%), Germany (X%), Spain (X%), the Czech Republic (X%), Russia (X%) and Vietnam (X%) displayed positive paces of growth. France experienced a relatively flat trend pattern. By contrast, the UK (X%), Poland (X%) and Slovakia (X%) illustrated a downward trend over the same period. While the share of the United States (X p.p.) and Hungary (X p.p.) increased significantly in terms of the global imports from 2012-2022, the share of the UK (X p.p.), Poland (X p.p.) and Slovakia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest plastic furniture fittings importing markets worldwide were the United States ($X), Germany ($X) and Mexico ($X), together comprising X% of global imports.

Among the main importing countries, the United States, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average plastic furniture fittings import price amounted to $X per ton, picking up 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 2014 when the average import price increased by X% against the previous year. Global import price peaked in 2022 and is expected to retain growth in the near future.

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

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

Source: IndexBox Platform

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