U.S. Wood Kitchen Cabinet And Countertop Market. Analysis And Forecast to 2025
Update: COVID-19 Impact
Net Imports of Wood Kitchen Cabinets and Countertops in the U.S. Pick up Growth as a Result of New Housing Developments and Strong Consumer Spending
The U.S. dominates in global imports of wood kitchen cabinets and countertops, accounting for a X% share (based on USD). It was followed by France (X%), Switzerland (X%), and Austria (X%). In 2015, U.S. imports of wood kitchen cabinets and countertops totaled X million USD, which was X million USD (+X%) above the previous year's value.
From 2007 to 2015, U.S. imports of wood kitchen cabinets and countertops showed mixed dynamics. A significant drop in the period from 2007 to 2009 was followed by recovery growth over the next three years. Imports switched to more robust growth over 2013-2015. Overall, there was an annual increase of +X% from 2009 (start of the recovery growth) to 2015. In 2014, imports of wood kitchen cabinets and countertops in the U.S. surpassed the pre-recession level of 2007.
Despite fierce competition, the U.S. continues to be one of the most attractive destinations for overseas suppliers.
China was the main supplier of wood kitchen cabinets and countertops into the U.S., with a X% share of total U.S. imports in 2015. It was distantly followed by Canada and Italy. China was also the fastest growing supplier, with an import share increasing at an annual rate of +X% from 2007 to 2015. China almost doubled its share in the U.S. import structure, from X% in 2007 to X% in 2015. By contrast, Canada saw its share reduced from X% to X%.
From 2007 to 2015, the U.S. was a net importer of wood kitchen cabinets and countertops. Moreover, imports grew faster than exports on average over the period under review.
The U.S. trade deficit in this sector worsened over the period under review, growing from X million USD in 2007 to X million USD in 2014. The negative trend accelerated sharply after 2012, with the trade deficit increasing by +X% annually.
Source: IndexBox AI Platform
This report provides an in-depth analysis of the wood kitchen cabinet 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 2025.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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