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U.S. Nonupholstered Wood Household Furniture Market. Analysis And Forecast to 2030
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View PricingPrice for Nonupholstered Wood Household Furniture in the United States - 2023
Contents:
- Price for Nonupholstered Wood Household Furniture in the United States (CIF) - 2022
- Price for Nonupholstered Wood Household Furniture in the United States (FOB) - 2022
- Imports of Nonupholstered Wood Household Furniture in the United States
- Exports of Nonupholstered Wood Household Furniture in the United States
Price for Nonupholstered Wood Household Furniture in the United States (CIF) - 2022
The average nonupholstered wood household furniture import price stood at $71 per unit in 2022, increasing by 11% against the previous year. Over the period under review, the import price, however, continues to indicate a deep contraction. The import price peaked at $155 per unit in 2018; however, from 2019 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 Canada ($126 per unit), while the price for Taiwan (Chinese) ($24 per unit) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (-4.0%), while the prices for the other major suppliers experienced a decline.
Price for Nonupholstered Wood Household Furniture in the United States (FOB) - 2022
The average nonupholstered wood household furniture export price stood at $265 per unit in 2022, increasing by 29% against the previous year. Over the period under review, the export price, however, recorded a deep downturn. Over the period under review, the average export prices attained the peak figure at $384 per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($997 per unit), while the average price for exports to Panama ($4.6 per unit) was amongst the lowest.
From 2020 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Dominican Republic (+58.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Nonupholstered Wood Household Furniture in the United States
For the fourth consecutive year, the United States recorded growth in supplies from abroad of nonupholstered wood household furniture, which increased by 2.9% to 99M units in 2022. Overall, imports posted a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 141%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, nonupholstered wood household furniture imports stood at $7B in 2022. The total import value increased at an average annual rate of +10.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 17% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.
Import of Nonupholstered Wood Household Furniture in the United States (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Vietnam | 2,489 | 2,549 | 2,809 | 3,273 | 9.6% |
Malaysia | 576 | 625 | 627 | 741 | 8.8% |
Indonesia | 336 | 342 | 461 | 577 | 19.8% |
China | 528 | 453 | 432 | 414 | -7.8% |
Italy | 171 | 182 | 275 | 309 | 21.8% |
Canada | 242 | 236 | 292 | 284 | 5.5% |
Mexico | 124 | 128 | 211 | 240 | 24.6% |
Brazil | 142 | 155 | 222 | 215 | 14.8% |
India | 75.3 | 86.8 | 148 | 178 | 33.2% |
Poland | 132 | 109 | 152 | 163 | 7.3% |
Lithuania | 41.7 | 40.7 | 76.5 | 105 | 36.0% |
Taiwan (Chinese) | 39.6 | 48.0 | 61.2 | 62.6 | 16.5% |
Thailand | 42.3 | 39.8 | 48.0 | 59.5 | 12.0% |
Others | 237 | 233 | 317 | 392 | 18.3% |
Total | 5,175 | 5,226 | 6,132 | 7,013 | 10.7% |
Top Suppliers of Nonupholstered Wood Household Furniture to the United States in 2022:
- Vietnam (34.6M units)
- Malaysia (15.1M units)
- China (9.9M units)
- Italy (5.7M units)
- Indonesia (5.0M units)
- Mexico (4.1M units)
- Brazil (2.9M units)
- India (2.9M units)
- Poland (2.8M units)
- Taiwan (Chinese) (2.6M units)
- Thailand (2.5M units)
- Canada (2.3M units)
- Lithuania (1.5M units)
Exports of Nonupholstered Wood Household Furniture in the United States
In 2022, overseas shipments of nonupholstered wood household furniture decreased by -26% to 1M units for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 110%. As a result, the exports reached the peak of 1.4M units, and then dropped remarkably in the following year.
In value terms, nonupholstered wood household furniture exports contracted slightly to $267M in 2022. The total export value increased at an average annual rate of +2.0% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. The growth pace was the most rapid in 2021 when exports increased by 13%. As a result, the exports reached the peak of $280M, and then declined modestly in the following year.
Export of Nonupholstered Wood Household Furniture in the United States (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
Canada | 188 | 212 | 211 | 5.9% | |
Mexico | 20.9 | 17.4 | 7.0 | -42.1% | |
Bahamas | 2.6 | 4.9 | 6.9 | 62.9% | |
Dominican Republic | 4.4 | 7.3 | 5.0 | 6.6% | |
United Kingdom | 2.6 | 2.0 | 2.8 | 3.8% | |
United Arab Emirates | 1.1 | 1.5 | 2.4 | 47.7% | |
Cayman Islands | 1.5 | 5.3 | 2.4 | 26.5% | |
Philippines | 0.8 | 0.7 | 1.0 | 11.8% | |
China | 0.9 | 1.2 | 1.0 | 5.4% | |
Panama | 0.5 | 1.2 | 0.9 | 34.2% | |
Vietnam | 0.5 | 0.2 | 0.6 | 9.5% | |
Latvia | 0.1 | 0.2 | 0.4 | 100.0% | |
Others | 24.8 | 26.3 | 26.3 | 3.0% | |
Total | 249 | 280 | 267 | 3.6% |
Top Export Markets for Nonupholstered Wood Household Furniture from the United States in 2022:
- Canada (211.3K units)
- Panama (197.1K units)
- Mexico (124.2K units)
- United Kingdom (107.6K units)
- China (58.7K units)
- Dominican Republic (47.3K units)
- Philippines (45.5K units)
- Vietnam (26.4K units)
- United Arab Emirates (23.9K units)
- Bahamas (16.7K units)
- Latvia (16.7K units)
- Cayman Islands (13.9K units)
This report provides an in-depth analysis of the market for nonupholstered wood household furniture in the U.S.. 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:
- NAICS 337122 - Nonupholstered wood household furniture manufacturing
Companies mentioned:
- Kimball International
- Ashley Furniture Industries
- Bernhardt Furniture Company
- Cv Industries
- Bush Industries
- Bassett Furniture Industries Incorporated
- Riverside Furniture Corporation
- Tfi Wind Down
- Standard Furniture Manufacturing Company
- Kincaid Furniture Company
- Hfi Wind Down
- Hooker Furniture Corporation
- Ameriwood Industries
- IKEA Industry Danville
- Nova Lifestyle
- Kohler Interiors Furniture Company
- Heritage Home Group
- Richardson Industries
- Richardson Industries
- Rush Industries
- Bernhardt Industries
- Sandberg Furniture Manufacturing Co.
- Oddello Industries
- Bassett Furniture Industries of North Carolina
- Universal Furniture Limited
- Pillow Kingdom
- V-B/Williams Furniture Company
- Ethan Allen Operations
- Brown Jordan Company Limited Partnership
- Source Capital Backyard
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- 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- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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