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U.S. Wood Office Furniture Market. Analysis And Forecast to 2025
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Article Publishing Date: Sep 15, 2020

The American Wood Office Furniture Market Reached $3.9B, Remaining Dependent on Imports

IndexBox has just published a new report: 'U.S. Wood Office Furniture Market. Analysis And Forecast to 2025'. Here is a summary of the report's key findings.

The U.S. wood office furniture market rose to $3.9B in 2019, increasing by 2.4% 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). The market value increased at an average annual rate of +2.8% from 2013 to 2019; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. 

Production in the U.S.

In value terms, wood office furniture production totaled $2.8B in 2019. The total output value increased at an average annual rate of +1.3% from 2013 to 2019. The pace of growth appeared the most rapid in 2015 with an increase of 7.6% y-o-y. As a result, production reached a peak level of $2.8B; afterward, it flattened through to 2019.

Imports into the U.S.

In 2019, the amount of wood office furniture imported into the U.S. stood at 15M units, picking up by 6.3% on the previous year's figure. Over the period under review, total imports indicated a strong expansion from 2013 to 2019: its volume increased at an average annual rate of +5.5% over the last six-year period. 

In value terms, wood office furniture imports declined to $960M (IndexBox estimates) in 2019. The total import value increased at an average annual rate of +1.8% from 2013 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. 

Imports by Country

Canada (7.5M units), China (4.8M units) and Taiwan (Chinese) (603K units) were the main suppliers of wood office furniture imports to the U.S., together comprising 90% of total imports.

From 2013 to 2018, the biggest increases were in Taiwan (Chinese), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Canada ($390M), China ($347M) and Mexico ($45M) appeared to be the largest wood office furniture suppliers to the U.S., with a combined 74% share of total imports. Taiwan (Chinese), Viet Nam, Malaysia, Germany, Lithuania, Italy and Portugal lagged somewhat behind, together comprising a further 19%.

Import Prices by Country

In 2018, the average wood office furniture import price amounted to $73 per unit, surging by 8.4% against the previous year. Overall, the import price, however, saw a mild setback. The import price peaked at $84 per unit in 2014; however, from 2015 to 2018, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2018, the highest prices were recorded for prices from Mexico ($78 per unit) and China ($72 per unit), while the price for Canada ($52 per unit) and Viet Nam ($56 per unit) were amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of prices was attained by Malaysia, while the prices for the other major suppliers experienced a decline.

Companies Mentioned in the Report

Herman Miller, Knoll, The Hon Company, Ofs Brands Holdings, The Gunlocke Company L L C, Mayline Company, Anthro Corporation, High Point Furniture Industries, Geiger International, Case Systems, Jsj Furniture Corporation, Watson Furniture Group, Davis Furniture Industries, Hickory Business Furniture, Darran Furniture Industries, Indiana Furniture Industries, Marco Display Specialists, GP, R. T. London Company, Tuohy Furniture Corporation, Jasper Seating Company, Bush Industries of Pennsylvania, Vaswani, Frank Chervan, A. C. Furniture Company, Paoli LLC, Innovant, Arcadia Chair Company, Kimball Furniture Group, Anderson Desk, H S Morgan Limited Partnership, Geiger Group

Source: IndexBox AI Platform

Product coverage:
• NAICS 337211 - Wood office furniture manufacturing

This report provides an in-depth analysis of the wood office 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 2025.


Companies mentioned:
• Herman Miller
• Knoll
• The Hon Company
• Ofs Brands Holdings
• The Gunlocke Company L L C
• Mayline Company
• Anthro Corporation
• High Point Furniture Industries
• Geiger International
• Case Systems
• Jsj Furniture Corporation
• Watson Furniture Group
• Davis Furniture Industries
• Hickory Business Furniture
• Darran Furniture Industries
• Indiana Furniture Industries
• Marco Display Specialists, GP
• R. T. London Company
• Tuohy Furniture Corporation
• Jasper Seating Company
• Bush Industries of Pennsylvania
• Vaswani
• Frank Chervan
• A. C. Furniture Company
• Paoli LLC
• Innovant
• Arcadia Chair Company
• Kimball Furniture Group
• Anderson Desk
• H S Morgan Limited Partnership
• Geiger Group

Country coverage:
• USA

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
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 PRODUCTS

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 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2019
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 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption In 2007-2019
Table 5:
Imports, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Value Terms, By Country, 2007–2019
Table 7:
Import Prices, By Country Of Origin, 2007–2019
Table 8:
Exports, In Physical Terms, By Country, 2007–2019
Table 9:
Exports, In Value Terms, By Country, 2007–2019
Table 10:
Export Prices, By Country Of Destination, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2019
Figure 5:
Trade Balance, In Physical Terms, 2007-2019
Figure 6:
Trade Balance, In Value Terms, 2007-2019
Figure 7:
Per Capita Consumption, 2007-2019
Figure 8:
Market Forecast To 2025
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, 2007–2019
Figure 21:
Production, In Value Terms, 2007–2019
Figure 22:
Imports, In Physical Terms, 2007–2019
Figure 23:
Imports, In Value Terms, 2007–2019
Figure 24:
Imports, In Physical Terms, By Country, 2019
Figure 25:
Imports, In Physical Terms, By Country, 2007–2019
Figure 26:
Imports, In Value Terms, By Country, 2007–2019
Figure 27:
Import Prices, By Country Of Origin, 2007–2019
Figure 28:
Exports, In Physical Terms, 2007–2019
Figure 29:
Exports, In Value Terms, 2007–2019
Figure 30:
Exports, In Physical Terms, By Country, 2019
Figure 31:
Exports, In Physical Terms, By Country, 2007–2019
Figure 32:
Exports, In Value Terms, By Country, 2007–2019
Figure 33:
Export Prices, By Country Of Destination, 2007–2019

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