U.S.: Market for School, Public Building and Restaurant Furniture 2024

Market Size for School, Public Building and Restaurant Furniture in the U.S.

In 2022, after two years of growth, there was decline in the U.S. market for school, public building and restaurant furniture, when its value decreased by X% to $X. Overall, consumption, however, continues to indicate a significant expansion. Over the period under review, the market reached the peak level at $X in 2021, and then dropped modestly in the following year.

Production of School, Public Building and Restaurant Furniture in the U.S.

In value terms, production of school, public building and restaurant furniture fell to $X in 2022. Over the period under review, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of X%. Production of peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Exports of School, Public Building and Restaurant Furniture

Exports from the U.S.

After two years of growth, overseas shipments of school, public building and restaurant furniture decreased by X% to X tons in 2022. Overall, exports, however, showed a buoyant increase. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. Over the period under review, the exports of reached the peak figure at X tons in 2021, and then shrank in the following year.

In value terms, exports of school, public building and restaurant furniture expanded remarkably to $X in 2022. In general, exports, however, recorded a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Canada (X tons), Mexico (X tons) and the UK (X tons) were the main destinations of exports of school, public building and restaurant furniture from the United States, together comprising X% of total exports. The Netherlands, Vietnam, the Dominican Republic, Venezuela, Australia, China, Japan and Germany lagged somewhat behind, together comprising a further X%.

From 2013 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Canada ($X) remains the key foreign market for school, public building and restaurant furniture exports from the United States, comprising X% of total exports. The second position in the ranking was held by Mexico ($X), with an X% share of total exports. It was followed by the Netherlands, with a X% share.

From 2013 to 2022, the average annual rate of growth in terms of value to Canada totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (X% per year) and the Netherlands (X% per year).

Export Prices by Country

The average export price for school, public building and restaurant furniture stood at $X per ton in 2022, surging by X% against the previous year. Overall, the export price, however, showed a deep setback. Over the period under review, the average export prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

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

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (X%), while the prices for the other major destinations experienced a decline.

Imports of School, Public Building and Restaurant Furniture

Imports into the U.S.

In 2022, after two years of growth, there was decline in supplies from abroad of school, public building and restaurant furniture, when their volume decreased by X% to X tons. Over the period under review, imports, however, showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of X%. Imports peaked at X tons in 2021, and then shrank slightly in the following year.

In value terms, imports of school, public building and restaurant furniture expanded remarkably to $X in 2022. In general, total imports indicated a buoyant expansion from 2013 to 2022: its value increased at an average annual rate of X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest school, public building and restaurant furniture supplier to the United States, accounting for a X% share of total imports. Moreover, imports of school, public building and restaurant furniture from China exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), fivefold. Canada (X tons) ranked third in terms of total imports with a X% share.

From 2013 to 2022, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and Canada (X% per year).

In value terms, the largest school, public building and restaurant furniture suppliers to the United States were China ($X), Vietnam ($X) and Mexico ($X), with a combined X% share of total imports.

Vietnam, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for school, public building and restaurant furniture amounted to $X per ton, surging by X% against the previous year. Overall, the import price, however, saw a sharp setback. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Mexico ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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