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U.S. Upholstered Household Furniture Market. Analysis And Forecast to 2030

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Article Publishing Date: May 18, 2023

U.S. Upholstered Household Furniture Import Falls 2%, Averaging $393M in March 2023

U.S. Upholstered Household Furniture Imports

In March 2023, supplies from abroad of upholstered household furniture decreased by -5% to 80K tons, falling for the second month in a row after two months of growth. Over the period under review, imports recorded a noticeable reduction. The pace of growth appeared the most rapid in October 2022 when imports increased by 19% m-o-m.

In value terms, upholstered household furniture imports fell slightly to $393M (IndexBox estimates) in March 2023. In general, imports saw a abrupt curtailment. The growth pace was the most rapid in October 2022 when imports increased by 9% m-o-m.

COUNTRY	Import Value of Upholstered Household Furniture in U.S. (million USD)
COUNTRY	Mar 2022	Apr 2022	May 2022	Jun 2022	Jul 2022	Aug 2022	Sep 2022	Oct 2022	Nov 2022	Dec 2022	Jan 2023	Feb 2023	Mar 2023
Vietnam	292	292	307	236	184	179	167	184	171	167	187	159	139
China	247	243	252	236	227	187	151	160	151	159	158	119	101
Mexico	67.5	60.0	62.4	58.8	58.3	60.7	53.5	59.4	53.8	49.0	49.2	49.1	54.5
Italy	24.2	29.7	30.0	25.7	28.4	27.8	18.5	19.4	22.5	21.8	20.0	12.6	22.1
Cambodia	20.8	26.7	26.4	14.5	10.3	11.0	11.4	13.5	13.7	11.8	14.4	12.9	16.9
Malaysia	17.0	18.6	18.0	14.5	13.1	13.9	13.6	17.7	11.3	12.3	12.0	9.7	11.9
Thailand	15.0	15.9	16.3	17.5	11.1	15.6	11.2	11.4	7.8	8.4	12.1	5.1	5.7
France	1.4	1.2	1.9	1.9	1.0	1.0	1.1	1.3	1.3	1.3	1.3	0.7	2.3
Others	50.0	48.3	51.2	51.1	41.5	38.3	40.1	42.3	37.0	34.1	37.8	33.1	39.6
Total	735	736	766	657	575	534	467	509	469	464	491	401	393

Imports by Country

China (36K tons), Vietnam (25K tons) and Malaysia (4.9K tons) were the main suppliers of upholstered household furniture imports to the United States, with a combined 82% share of total imports. Mexico, Cambodia, Italy, France and Thailand lagged somewhat behind, together comprising a further 12%.

From March 2022 to March 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +5.4%), while imports for the other leaders experienced a decline.

In value terms, Vietnam ($139M), China ($101M) and Mexico ($55M) constituted the largest upholstered household furniture suppliers to the United States, with a combined 75% share of total imports. These countries were followed by Italy, Cambodia, Malaysia, Thailand and France, which together accounted for a further 15%.

Among the main suppliers, France, with a CAGR of +3.9%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In March 2023, the upholstered household furniture price stood at $4,919 per ton (CIF, US), increasing by 3.2% against the previous month. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in July 2022 an increase of 5.7% against the previous month. The import price peaked at $5,267 per ton in March 2022; however, from April 2022 to March 2023, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Italy ($14,508 per ton), while the price for France ($1,711 per ton) was amongst the lowest.

From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by Cambodia (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the upholstered 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 337121 - Upholstered household furniture manufacturing

Companies mentioned:

La-Z-Boy Incorporated
Flexsteel Industries
The Mitchell Gold Co
Lexington Furniture Industries
LFI Wind Down, Rowe Furniture
Klaussner Furniture Industries
United Furniture Industries
Jonathan Louis International
Albany Industries
Sherrill Furniture Company
Brown Jordan International
Best Chairs Incorporated
H.M. Richards
Southern Motion
Corinthian
Hughes Furniture Industries
Jackson Furniture Industries
Hancock & Moore
Fairfield Chair Company
Franklin Corporation
Bauhaus Furniture Group
Rowe Furniture Corporation
Rowe Fine Furniture
Century Furniture
McCreary Modern
Cleveland Chair Company
England
Klaussner Corporation
Samson Investment Holding
Lzb Manufacturing
Trp Acquisition

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
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. 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
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. 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
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. 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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. 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
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. 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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023

U.S. Upholstered Household Furniture Market. Analysis And Forecast to 2030

U.S. Upholstered Household Furniture Import Falls 2%, Averaging $393M in March 2023

U.S. Upholstered Household Furniture Imports

Imports by Country

Import Prices by Country

Product coverage:

Companies mentioned:

Country coverage:

Data coverage:

Reasons to buy this report:

1. INTRODUCTION

2. EXECUTIVE SUMMARY

3. MARKET OVERVIEW

4. MOST PROMISING PRODUCT

5. MOST PROMISING SUPPLYING COUNTRIES

6. MOST PROMISING OVERSEAS MARKETS

7. PRODUCTION

8. IMPORTS

9. EXPORTS

10. PROFILES OF MAJOR PRODUCERS

LIST OF TABLES

LIST OF FIGURES

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