U.S.: Market for Nonupholstered Wood Household Furniture 2024

Market Size for Nonupholstered Wood Household Furniture in the U.S.

The U.S. nonupholstered wood household furniture market expanded sharply to $X in 2022, increasing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw strong growth. Over the period under review, the market reached the peak level in 2022 and is likely to see steady growth in the near future.

Exports of Nonupholstered Wood Household Furniture

Exports from the U.S.

In 2022, after nine years of growth, there was significant decline in shipments abroad of nonupholstered wood household furniture, when their volume decreased by X% to X units. In general, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports attained the peak of X units, and then declined dramatically in the following year.

In value terms, nonupholstered wood household furniture exports dropped slightly to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2013 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then shrank in the following year.

Exports by Country

Canada (X units), Panama (X units) and Mexico (X units) were the main destinations of nonupholstered wood household furniture exports from the United States, with a combined X% share of total exports.

From 2020 to 2022, the biggest increases were recorded for Panama (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X) remains the key foreign market for nonupholstered wood household furniture exports from the United States, comprising X% of total exports. The second position in the ranking was held by Mexico ($X), with a X% share of total exports. It was followed by Bahamas, with a X% share.

From 2020 to 2022, the average annual rate of growth in terms of value to Canada stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (X% per year) and Bahamas (X% per year).

Export Prices by Country

In 2022, the average nonupholstered wood household furniture export price amounted to $X per unit, with an increase of X% against the previous year. In general, the export price, however, recorded a abrupt slump. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per unit), while the average price for exports to Panama ($X per unit) was amongst the lowest.

From 2020 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Dominican Republic (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Nonupholstered Wood Household Furniture

Imports into the U.S.

For the sixth consecutive year, the United States recorded growth in purchases abroad of nonupholstered wood household furniture, which increased by X% to X units in 2022. Over the period under review, imports enjoyed prominent growth. The pace of growth was the most pronounced in 2020 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, nonupholstered wood household furniture imports totaled $X in 2022. Overall, total imports indicated a strong increase 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 2013 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Vietnam (X units) constituted the largest nonupholstered wood household furniture supplier to the United States, accounting for a X% share of total imports. Moreover, nonupholstered wood household furniture imports from Vietnam exceeded the figures recorded by the second-largest supplier, Malaysia (X units), twofold. China (X units) 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 Vietnam stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (X% per year) and China (X% per year).

In value terms, Vietnam ($X) constituted the largest supplier of nonupholstered wood household furniture to the United States, comprising X% of total imports. The second position in the ranking was held by Malaysia ($X), with an X% share of total imports. It was followed by Indonesia, with an X% share.

From 2013 to 2022, the average annual growth rate of value from Vietnam stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (X% per year) and Indonesia (X% per year).

Import Prices by Country

In 2022, the average nonupholstered wood household furniture import price amounted to $X per unit, surging by X% against the previous year. Overall, the import price, however, showed a deep contraction. Over the period under review, average import prices attained the maximum at $X per unit in 2018; however, from 2019 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 Canada ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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