What is the import and export market situation of plastic furniture in China in 2023?

Overall import and export situation

Plastic furniture refers to plastic panels, tubes and other components, with metal, leather, textile fabrics and other auxiliary materials made of furniture. Plastic furniture is a new performance of furniture, it is bright colors, shapes, lightweight and compact, wide range of applications, easy maintenance and other advantages for the majority of consumers like, making the total proportion of plastic furniture products in the market continues to increase.

According to the relevant customs data show that China is a large exporter of plastic furniture, exports are significantly larger than imports. The export volume of plastic furniture shows a trend of rising and then falling, and reaches its peak in 2020, while the import volume of plastic furniture shows a declining trend. In 2022, the export volume of plastic furniture was 81,137,600 pieces, down 4.13% year-on-year; the import volume was 28.10 million pieces, down 29.94% year-on-year; from January to March 2023, the export volume of plastic furniture in China was 18,808,500 pieces and the import volume was 8.20 million pieces.

Plastic furniture import and export volume in January-March 2018-2023

According to relevant customs data, from 2018 to January-.March 2023, China's plastic furniture export amount is growing. 2022 China's plastic furniture exports amounted to 165,585,500 USD, an increase of 5.2%; January-March 2023 China's plastic furniture exports amounted to 458,914,300 USD and imports amounted to 6,016,200 USD .

Import and export amounts of plastic furniture in January-March 2018-2023

With the effective control of the epidemic, the average price of China's plastic furniture exports began to grow rapidly, and the average export price of plastic furniture in 2022 was US$20.41 per piece, an increase of 9.73% year-on-year. The average import price of plastic furniture in China showed a sharp rise, with the average import price of plastic furniture in 2022 at USD 48.18/pc, up 20.85% y-o-y. In January-March 2023, the average import price of plastic furniture rose to USD 73.37/pc.

Average import and export prices of plastic furniture, January-March 2018-2023

Import and export pattern

From the data of January-March 2023, China is the largest plastic furniture importing country in China, with the import volume up to 23,900,000 pieces, accounting for 29.09% of the total import volume of plastic furniture, followed by Italy with the import volume of 21,700,000 pieces, accounting for 26.44% of the total import volume of plastic furniture, followed by Japan with the import volume of 12,900,000 pieces, accounting for 15.69%.

From the data of January-March 2023, France is the largest plastic furniture import amount country in China, the import amount is up to 2,543,900 USD, accounting for 43.78% of the total import amount of plastic furniture; followed by Italy, the import amount is 1,624,800 USD, accounting for 27.96% of the total import amount of plastic furniture, then followed by China, the import amount is 496,600 USD, accounting for accounting for 8.55% of the total import value of plastic furniture.

From January to March 2023 data, the United States is China's largest plastic furniture exports, exports up to 481.12 million pieces, accounting for 25.58% of total exports of plastic furniture; followed by Malaysia, exports up to 124.34 million pieces, accounting for 6.61% of total exports of plastic furniture; followed by the Philippines, exports up to 790.4 million pieces, accounting for 4.2% of total exports of plastic furniture. The next is the Philippines, which exported 790,400 pieces, accounting for 4.2% of the total export volume of plastic furniture.

From January to March 2023 data, the United States is also China's largest plastic furniture exports, exports up to 107,590,200 U.S. dollars, accounting for 36.41% of the total exports of plastic furniture; followed by Malaysia, exports up to 53,548,700 U.S. dollars, accounting for 18.12% of the total exports of plastic furniture; followed by Australia, exports up to 25,924,800 U.S. dollars, accounting for 8.77% of the total exports of plastic furniture.

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