U.S. Prefabricated Wood Building Market. Analysis And Forecast to 2030
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View PricingOctober 2023 Sees 21% Increase in U.S. Imported Wood Building Supplies Valued at $28M
U.S. Prefabricated Wood Building Imports
In October 2023, after two months of growth, there was decline in overseas purchases of prefabricated wood buildings, when their volume decreased by -0.1% to 3.5K tons. In general, imports saw a slight decline. The pace of growth was the most pronounced in January 2023 when imports increased by 62% against the previous month. As a result, imports reached the peak of 4.4K tons. From February 2023 to October 2023, the growth of imports failed to regain momentum.
In value terms, prefabricated wood building imports soared to $28M (IndexBox estimates) in October 2023. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 with an increase of 44% month-to-month.
COUNTRY | Import Value of Prefabricated Wood Building 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 | 14.2 | 17.5 | 14.2 | 10.0 | 10.3 | 11.8 | 14.5 | 22.9 | 24.4 | 25.4 | 13.3 | 13.7 | 17.0 |
China | 1.6 | 1.4 | 1.5 | 2.2 | 1.1 | 1.1 | 1.9 | 2.1 | 2.7 | 1.8 | 2.8 | 1.9 | 2.7 |
Mexico | 3.9 | 2.7 | 2.7 | 2.7 | 2.7 | 2.9 | 2.9 | 4.5 | 3.1 | 2.3 | 3.7 | 2.7 | 2.6 |
Vietnam | 1.6 | 1.1 | 1.9 | 2.2 | 1.1 | 0.6 | 0.9 | 0.9 | 1.0 | 0.7 | 0.8 | 1.1 | 1.3 |
Others | 3.6 | 3.5 | 2.9 | 4.6 | 2.6 | 4.0 | 3.1 | 3.1 | 4.0 | 3.9 | 6.4 | 3.6 | 4.0 |
Total | 24.8 | 26.2 | 23.2 | 21.8 | 17.9 | 20.4 | 23.3 | 33.5 | 35.2 | 34.2 | 27.0 | 22.9 | 27.6 |
Imports by Country
In October 2023, Canada (2.3K tons) constituted the largest supplier of prefabricated wood building to the United States, with a 67% share of total imports. Moreover, prefabricated wood building imports from Canada exceeded the figures recorded by the second-largest supplier, China (503 tons), fivefold. Vietnam (301 tons) ranked third in terms of total imports with an 8.7% share.
From October 2022 to October 2023, the average monthly rate of growth in terms of volume from Canada totaled -1.3%. The remaining supplying countries recorded the following average monthly rates of imports growth: China (-2.6% per month) and Vietnam (-2.9% per month).
In value terms, Canada ($17M) constituted the largest supplier of prefabricated wood building to the United States, comprising 61% of total imports. The second position in the ranking was taken by China ($2.7M), with a 9.7% share of total imports. It was followed by Mexico, with a 9.5% share.
From October 2022 to October 2023, the average monthly rate of growth in terms of value from Canada totaled +1.5%. The remaining supplying countries recorded the following average monthly rates of imports growth: China (+4.6% per month) and Mexico (-3.1% per month).
Import Prices by Country
In October 2023, the prefabricated wood building price amounted to $7,998 per ton (CIF, US), increasing by 21% against the previous month. Over the period under review, the import price saw a noticeable increase. The most prominent rate of growth was recorded in May 2023 an increase of 76% month-to-month. As a result, import price attained the peak level of $12,750 per ton. From June 2023 to October 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Mexico ($17,119 per ton), while the price for Vietnam ($4,381 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 China (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.
This report provides an in-depth analysis of the prefabricated wood building 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 321992 - Prefabricated wood building manufacturing
Companies mentioned:
- Morton Buildings
- Palm Harbor Homes I
- Ritz-Craft Corporation of Pennsylvania
- Backyard Swing-N-Slide Play Systems
- Lindal Cedar Homes
- Tuff Shed
- Wausau Homes Incorporated
- Muncy Homes
- Blu Homes
- The Commodore Corporation
- Professional Building Systems
- Backyard Products
- Walden Structures
- Kbs Building Systems
- Design Homes
- American Modular Systems
- All American Homes of Indiana
- Excel Homes Group
- Structural Systems
- Builders Choice
- Phoenix Modular
- Backyard Storage Solutions
- Lester Building Systems
- All American Homes
- Homette Corporation
- US Test Company 208
- Palm Harbor Homes, Inc
- A Corporation of Delaware (fn)
- Innovative Building Systems
- Campcorp USA
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
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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
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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