U.S. Office Furniture (Except Wood) Market. Analysis And Forecast to 2030
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingRecord-breaking 12% Surge in October 2023 Sees Office Furniture Imports Reach $77M in the United States
U.S. Office Furniture Imports
In October 2023, purchases abroad of office furniture (except wood) increased by 7% to 6.7K tons, rising for the fourth month in a row after two months of decline. The total import volume increased at an average monthly rate of +1.2% over the period from October 2022 to October 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain months. The pace of growth appeared the most rapid in April 2023 with an increase of 19% against the previous month. Imports peaked in October 2023.
In value terms, office furniture imports expanded significantly to $77M (IndexBox estimates) in October 2023. In general, imports recorded a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| COUNTRY | Import Value of Office Furniture in U.S. (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | Aug 2023 | Sep 2023 | Oct 2023 | |
| Canada | 39.0 | 40.5 | 38.1 | 34.5 | 33.0 | 31.4 | 33.0 | 37.1 | 34.1 | 36.9 | 35.9 | 40.5 | 42.2 |
| China | 10.0 | 8.7 | 6.9 | 9.0 | 7.0 | 7.6 | 9.3 | 10.2 | 9.7 | 10.0 | 10.6 | 9.7 | 12.8 |
| Mexico | 6.0 | 6.0 | 7.4 | 6.0 | 5.1 | 6.9 | 6.1 | 6.8 | 6.9 | 6.6 | 8.6 | 6.1 | 6.3 |
| Taiwan (Chinese) | 4.5 | 2.8 | 3.5 | 3.9 | 3.8 | 3.7 | 3.7 | 5.1 | 4.5 | 4.2 | 3.7 | 3.4 | 3.6 |
| United Kingdom | 1.4 | 2.3 | 1.3 | 1.9 | 1.5 | 2.1 | 1.5 | 1.9 | 1.8 | 1.6 | 2.2 | 1.4 | 2.2 |
| Italy | 3.5 | 3.2 | 3.8 | 3.0 | 2.4 | 4.0 | 2.4 | 1.6 | 2.5 | 4.0 | 2.3 | 1.1 | 1.8 |
| Others | 7.5 | 7.7 | 7.9 | 7.8 | 6.5 | 7.3 | 8.1 | 7.2 | 7.6 | 11.0 | 8.6 | 6.5 | 8.1 |
| Total | 71.9 | 71.2 | 68.9 | 66.1 | 59.4 | 63.0 | 64.1 | 69.9 | 67.1 | 74.4 | 71.9 | 68.8 | 77.0 |
Imports by Country
In October 2023, Canada (3.9K tons) constituted the largest supplier of office furniture to the United States, accounting for a 59% share of total imports. Moreover, office furniture imports from Canada exceeded the figures recorded by the second-largest supplier, China (1.1K tons), fourfold. Mexico (427 tons) ranked third in terms of total imports with a 6.3% share.
From October 2022 to October 2023, the average monthly growth rate of volume from Canada totaled +1.5%. The remaining supplying countries recorded the following average monthly rates of imports growth: China (+1.0% per month) and Mexico (-0.8% per month).
In value terms, Canada ($42M) constituted the largest supplier of office furniture to the United States, comprising 55% of total imports. The second position in the ranking was taken by China ($13M), with a 17% share of total imports. It was followed by Mexico, with an 8.2% share.
From October 2022 to October 2023, the average monthly growth rate of value from Canada was relatively modest. The remaining supplying countries recorded the following average monthly rates of imports growth: China (+2.1% per month) and Mexico (+0.4% per month).
Import Prices by Country
In October 2023, the office furniture price stood at $11,431 per ton (CIF, US), with an increase of 4.7% against the previous month. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in May 2023 when the average import price increased by 11% m-o-m. Over the period under review, average import prices hit record highs at $13,389 per ton in March 2023; however, from April 2023 to October 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($15,617 per ton), while the price for the UK ($6,113 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Italy (+1.3%), while the prices for the other major suppliers experienced more modest paces of growth.
This report provides an in-depth analysis of the office furniture market 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 337214 - Office furniture (except wood) manufacturing
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.
-
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
-
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
-
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
-
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 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
-
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 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
-
LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- 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, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
