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U.S. Wood Kitchen Cabinet And Countertop Market. Analysis And Forecast to 2030
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Article Publishing Date: Feb 7, 2023
U.S. Wood Kitchen Cabinet Import Declines 6%, Averaging 5.2M Units in November 2022
U.S. Wood Kitchen Cabinet Imports
Wood kitchen cabinet imports into the United States declined to 5.2M units in November 2022, waning by -6.2% against October 2022 figures. Overall, imports recorded a mild shrinkage. The most prominent rate of growth was recorded in March 2022 with an increase of 25% m-o-m. Over the period under review, imports hit record highs at 6.1M units in May 2022; however, from June 2022 to November 2022, imports remained at a lower figure.
In value terms, wood kitchen cabinet imports shrank to $197M (IndexBox estimates) in November 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in March 2022 when imports increased by 35% month-to-month. Over the period under review, imports attained the peak figure at 232M units in May 2022; however, from June 2022 to November 2022, imports remained at a lower figure.
Imports by Country
In November 2022, Vietnam (1.6M units) constituted the largest wood kitchen cabinet supplier to the United States, with a 31% share of total imports. Moreover, wood kitchen cabinet imports from Vietnam exceeded the figures recorded by the second-largest supplier, Canada (685K units), twofold. The third position in this ranking was held by Malaysia (682K units), with a 13% share.
From January 2022 to November 2022, the average monthly growth rate of volume from Vietnam stood at -3.6%. The remaining supplying countries recorded the following average monthly rates of imports growth: Canada (+4.6% per month) and Malaysia (-3.2% per month).
In value terms, Vietnam ($66M) constituted the largest supplier of wood kitchen cabinet to the United States, comprising 33% of total imports. The second position in the ranking was taken by Canada ($32M), with a 16% share of total imports. It was followed by Mexico, with a 13% share.
From January 2022 to November 2022, the average monthly rate of growth in terms of value from Vietnam stood at +2.3%. The remaining supplying countries recorded the following average monthly rates of imports growth: Canada (+1.3% per month) and Mexico (+0.9% per month).
Import Prices by Country
In November 2022, the wood kitchen cabinet price amounted to $37.8 per unit (CIF, US), with a decrease of -5.5% against the previous month. Over the last ten-month period, it increased at an average monthly rate of +1.3%. The growth pace was the most rapid in February 2022 an increase of 12% month-to-month. The import price peaked at $41.7 per unit in July 2022; however, from August 2022 to November 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In November 2022, the country with the highest price was Mexico ($60.8 per unit), while the price for Poland ($14.1 per unit) was amongst the lowest.
From January 2022 to November 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Wood Kitchen Cabinet Market Overview
Population growth is a key driver of demand for wood kitchen cabinets and countertops. The U.S. population has been growing steadily for many years, and this trend is expected to continue. This growth creates additional demand for housing, which in turn drives demand for wood kitchen cabinets and countertops.
Consumer spending patterns also play a role in the wood kitchen cabinet and countertop market. When consumers spend more money on home improvement projects, it drives up demand for products like wood kitchen cabinets and countertops.
The wood kitchen cabinet and countertop market are also being driven by advances in technology that have made these products more durable and easier to care for. New finishes and coatings are making wood cabinets and countertops more resistant to stains and scratches, while new manufacturing techniques have made them easier to clean and maintain.
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 2030.
Product coverage:
• NAICS 337110 - Wood kitchen cabinet and countertop manufacturing
Companies mentioned:
• Masco Corporation
• Masterbrand Cabinets
• Formica Corporation
• Masco Cabinetry
• American Woodmark Corporation
• Wellborn Cabinet
• Zenith Products Corporation
• Bertch Cabinet Mfg.
• Omega Cabinets
• Leedo Manufacturing Co.
• Norcraft Companies
• Wood-Mode
• Woodcraft Industries
• Republic National Cabinet Corporation
• Kent Moore Cabinets
• Woodcrafters Home Products
• Merillat
• Medallion Cabinetry
• The Swan Corporation
• Royal Cabinets
• Bjt Properties
• H-C Liquidating Corp.
• Republic National Industries of Texas
• Masco Cabinetry Middlefield
• Baby's Room Usa
• Masco Builder Cabinet Group
• Norcraft Companies
• Primewood
• Norcraft Holdings
• Woodcrafters Home Products Holding
• Acproducts
• Wilsonart
• Wilsonart International Holdings
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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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
1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
2.1
KEY FINDINGS
2.2
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
3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2007-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2022
Figure 5:
Trade Balance, In Physical Terms, 2007-2022
Figure 6:
Trade Balance, In Value Terms, 2007-2022
Figure 7:
Per Capita Consumption, 2007-2022
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2022
Figure 21:
Production, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, 2012–2022
Figure 23:
Imports, In Value Terms, 2012–2022
Figure 24:
Imports, In Physical Terms, By Country, 2022
Figure 25:
Imports, In Physical Terms, By Country, 2012–2022
Figure 26:
Imports, In Value Terms, By Country, 2012–2022
Figure 27:
Import Prices, By Country Of Origin, 2012–2022
Figure 28:
Exports, In Physical Terms, 2012–2022
Figure 29:
Exports, In Value Terms, 2012–2022
Figure 30:
Exports, In Physical Terms, By Country, 2022
Figure 31:
Exports, In Physical Terms, By Country, 2012–2022
Figure 32:
Exports, In Value Terms, By Country, 2012–2022
Figure 33:
Export Prices, By Country Of Destination, 2012–2022
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