U.S.: Wooden Kitchen Furniture Market 2024

Wooden Kitchen Furniture Market Size in the U.S.

In 2022, the U.S. wooden kitchen furniture market increased by 11% to $X, rising for the second year in a row after two years of decline. Overall, the total consumption indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +24.0% against 2020 indices. Wooden kitchen furniture consumption peaked in 2022 and is expected to retain growth in years to come.

Wooden Kitchen Furniture Production in the U.S.

In value terms, wooden kitchen furniture production declined slightly to $X in 2022. The total output value increased at an average annual rate of +3.3% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the production volume increased by 16%. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Wooden Kitchen Furniture Exports

Exports from the U.S.

In 2022, shipments abroad of wooden furniture for kitchens was finally on the rise to reach X units for the first time since 2017, thus ending a four-year declining trend. Overall, exports, however, recorded a abrupt shrinkage. Over the period under review, the exports hit record highs at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, wooden kitchen furniture exports soared to $X in 2022. In general, exports, however, continue to indicate a mild shrinkage. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Canada (X units), Bermuda (X units) and Cayman Islands (X units) were the main destinations of wooden kitchen furniture exports from the United States, together comprising 45% of total exports. The Dominican Republic, Malaysia, Bahamas, Vietnam, Mexico, Antigua and Barbuda, Jamaica, Latvia and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 40%.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of +105.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X) remains the key foreign market for wooden furniture for kitchens exports from the United States, comprising 68% of total exports. The second position in the ranking was held by Bahamas ($X), with a 5% share of total exports. It was followed by Bermuda, with a 3.8% share.

From 2012 to 2022, the average annual growth rate of value to Canada amounted to -3.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahamas (+7.7% per year) and Bermuda (+3.9% per year).

Export Prices by Country

The average wooden kitchen furniture export price stood at $X per unit in 2022, falling by -12.8% against the previous year. In general, the export price, however, recorded a resilient expansion. The pace of growth appeared the most rapid in 2020 when the average export price increased by 140%. The export price peaked at $X per unit in 2021, and then reduced in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per unit), while the average price for exports to Latvia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+19.4%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Kitchen Furniture Imports

Imports into the U.S.

For the fifth year in a row, the United States recorded growth in purchases abroad of wooden furniture for kitchens, which increased by 73% to X units in 2022. Over the period under review, imports posted a significant increase. The growth pace was the most rapid in 2021 when imports increased by 85% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the immediate term.

In value terms, wooden kitchen furniture imports soared to $X in 2022. Overall, imports enjoyed a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Vietnam (X units) constituted the largest supplier of wooden kitchen furniture to the United States, accounting for a 33% share of total imports. Moreover, wooden kitchen furniture imports from Vietnam exceeded the figures recorded by the second-largest supplier, Malaysia (X units), twofold. Canada (X units) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Vietnam amounted to +64.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+73.2% per year) and Canada (+36.4% per year).

In value terms, Vietnam ($X) constituted the largest supplier of wooden furniture for kitchens to the United States, comprising 33% of total imports. The second position in the ranking was held by Canada ($X), with a 14% share of total imports. It was followed by Malaysia, with a 13% share.

From 2012 to 2022, the average annual growth rate of value from Vietnam stood at +40.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+11.8% per year) and Malaysia (+42.1% per year).

Import Prices by Country

The average wooden kitchen furniture import price stood at $X per unit in 2022, falling by -23.4% against the previous year. Over the period under review, the import price saw a abrupt slump. The most prominent rate of growth was recorded in 2017 when the average import price increased by 33%. The import price peaked at $X per unit in 2012; however, from 2013 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 Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (-14.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :