U.S. Household Furniture (Except Wood And Metal) Market. Analysis And Forecast to 2030
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingU.S. Sees Notable Increase in Household Furniture Imports, Reaching 9.4 Million Units in January 2023
U.S. Household Furniture Imports
Household furniture imports into the United States skyrocketed to 9.4M units in January 2023, growing by 19% on December 2022. Over the period under review, imports, however, showed a slight setback. The pace of growth was the most pronounced in May 2022 with an increase of 25% m-o-m. As a result, imports attained the peak of 15M units. From June 2022 to January 2023, the growth of imports failed to regain momentum.
In value terms, household furniture imports rose markedly to $215M (IndexBox estimates) in January 2023. Overall, imports, however, saw a relatively flat trend pattern. Over the period under review, imports reached the maximum at 271M units in May 2022; however, from June 2022 to January 2023, imports stood at a somewhat lower figure.
Imports by Country
In January 2023, China (6.5M units) constituted the largest supplier of household furniture to the United States, with a 69% share of total imports. Moreover, household furniture imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (1.1M units), sixfold. Canada (423K units) ranked third in terms of total imports with a 4.5% share.
From January 2022 to January 2023, the average monthly rate of growth in terms of volume from China amounted to -2.4%. The remaining supplying countries recorded the following average monthly rates of imports growth: Vietnam (+0.5% per month) and Canada (+0.6% per month).
In value terms, China ($151M) constituted the largest supplier of household furniture to the United States, comprising 70% of total imports. The second position in the ranking was held by Vietnam ($20M), with a 9.2% share of total imports. It was followed by Canada, with a 4% share.
From January 2022 to January 2023, the average monthly growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average monthly rates of imports growth: Vietnam (+0.4% per month) and Canada (-1.2% per month).
Import Prices by Country
In January 2023, the household furniture price stood at $22.8 per unit (CIF, US), shrinking by -3.8% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.5%. The most prominent rate of growth was recorded in June 2022 an increase of 27% against the previous month. The import price peaked at $25.0 per unit in September 2022; however, from October 2022 to January 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($31.5 per unit), while the price for Taiwan (Chinese) ($7.0 per unit) was amongst the lowest.
From January 2022 to January 2023, the most notable rate of growth in terms of prices was attained by China (+2.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Rise of E-commerce and Home-sharing Services Drive Increased Furniture Imports into the U.S.
One major factor is the growing trend of online shopping among U.S. consumers. With the rise of e-commerce platforms and the convenience of purchasing online, consumers are now more likely to purchase furniture from international suppliers. Additionally, many overseas furniture manufacturers have been investing in improving their production capabilities and offer high-quality products at competitive prices, making them popular among U.S. importers.
Another contributing factor is the rise of rental and home-sharing services such as Airbnb, which require a constant supply of furniture to accommodate guests. As these services continue to gain popularity, the demand for furniture imports is likely to rise even further.
Despite concerns about the impact of these imports on U.S. furniture manufacturers, industry experts believe that imports can actually benefit the overall U.S. furniture market. By offering consumers a wider range of product choices and affordable prices, imports can help stimulate demand and ultimately grow the market. Overall, the rise in furniture imports signals a positive outlook for the furniture industry in the U.S.
This report provides an in-depth analysis of the 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 337125 - Household furniture (except wood and metal) manufacturing
Companies mentioned:
- Sauder Woodworking Co.
- Suncast Corporation
- Lifetime Products
- Grosfillex
- Vinotemp International Corporation
- The Thomas Monahan Company
- Fremarc Industries
- Pi, Stein World
- Acrylic Distribution Corporation
- Crown Column & Millwork Company
- Conquest Financial Management Corp.
- D & R Fabrication
- One Up Innovations
- California Furniture Collections
- Ace Bayou Corp.
- Sunterrace Casual Furniture
- American Furniture Manufacturing
- Yogibo, Creative Leather Furniture
- Wadley Holdings
- Triwood Decorative Solutions
- Flanders Industries
- Standard Container Company of Edgar
- Delta Composites
- GLS Assoc, Liberator
- Daniel's Amish Collection
- Paxton Sales
- Nicholas Michael Designs
- Pacific Furniture Industries
- Komfy Kings
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
-
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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
-
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
-
LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
