We use cookies to improve your experience and for marketing. Read our cookie policy or manage cookies.

Accept essential cookies
Accept all cookies
U.S. Upholstered Household Furniture Market. Analysis And Forecast to 2030
Report Update: Nov 1, 2024

U.S. Upholstered Household Furniture Market. Analysis And Forecast to 2030

Single report
Sent by email within 24h (Mon-Fri)
What's the difference?
Subscription
Online access and download
from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing
Sep 18, 2023

July 2023 Sees a Drop in U.S. Imports of Upholstered Furniture to $489M

U.S. Upholstered Household Furniture Imports

After three months of growth, overseas purchases of upholstered household furniture decreased by -7.7% to 109K tons in July 2023. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in April 2023 with an increase of 40% month-to-month.

In value terms, upholstered household furniture imports shrank slightly to $489M (IndexBox estimates) in July 2023. In general, imports saw a slight decline. The growth pace was the most rapid in April 2023 with an increase of 23% month-to-month. U.S. Upholstered Household Furniture Imports By Country (Million USD)

COUNTRYImport Value of Upholstered Household Furniture in U.S. (million USD)
Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023May 2023Jun 2023Jul 2023
Vietnam184179166184170167187159139184211213194
China226187151160151159158119101153168157155
Mexico58.460.053.559.453.849.049.249.154.551.450.647.546.0
Italy28.327.918.519.422.421.820.012.622.124.019.420.921.5
Malaysia13.213.913.617.811.312.312.09.711.99.89.39.711.7
Thailand11.115.611.211.47.88.412.15.15.76.76.88.39.6
Others52.850.252.657.151.947.353.546.758.756.155.045.450.5
Total574534467509469464491401393485520503489

Imports by Country

China (56K tons), Vietnam (33K tons) and Malaysia (4.8K tons) were the main suppliers of upholstered household furniture imports to the United States, with a combined 86% share of total imports. Mexico, Thailand and Italy lagged somewhat behind, together comprising a further 6.5%.

From July 2022 to July 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of +2.2%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Vietnam ($194M), China ($155M) and Mexico ($46M) were the largest upholstered household furniture suppliers to the United States, together comprising 81% of total imports.

Vietnam, with a CAGR of +0.5%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In July 2023, the upholstered household furniture price amounted to $4,467 per ton (CIF, US), rising by 5.4% against the previous month. Over the period under review, the import price, however, showed a mild reduction. The growth pace was the most rapid in January 2023 an increase of 7.4% month-to-month. Over the period under review, average import prices reached the peak figure at $5,162 per ton in July 2022; however, from August 2022 to July 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Mexico ($14,141 per ton), while the price for Malaysia ($2,440 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Mexico (+2.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the upholstered household 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 337121 - Upholstered household furniture manufacturing

Companies mentioned:

  • La-Z-Boy Incorporated
  • Flexsteel Industries
  • The Mitchell Gold Co
  • Lexington Furniture Industries
  • LFI Wind Down, Rowe Furniture
  • Klaussner Furniture Industries
  • United Furniture Industries
  • Jonathan Louis International
  • Albany Industries
  • Sherrill Furniture Company
  • Brown Jordan International
  • Best Chairs Incorporated
  • H.M. Richards
  • Southern Motion
  • Corinthian
  • Hughes Furniture Industries
  • Jackson Furniture Industries
  • Hancock & Moore
  • Fairfield Chair Company
  • Franklin Corporation
  • Bauhaus Furniture Group
  • Rowe Furniture Corporation
  • Rowe Fine Furniture
  • Century Furniture
  • McCreary Modern
  • Cleveland Chair Company
  • England
  • Klaussner Corporation
  • Samson Investment Holding
  • Lzb Manufacturing
  • Trp Acquisition

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

Recommended posts

Free Data: Upholstered Household Furniture - United States
Table
Upholstered Household Furniture - United States - Table
Dashboard
Upholstered Household Furniture - United States - Dashboard
Report
Upholstered Household Furniture - United States - Report