U.S. Wood Kitchen Cabinet And Countertop Market. Analysis And Forecast to 2030
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View PricingWood Kitchen Cabinet Price in the United States - 2023
Contents:
- Wood Kitchen Cabinet Price in the United States (CIF) - 2022
- Wood Kitchen Cabinet Price in the United States (FOB) - 2022
- Wood Kitchen Cabinet Imports in the United States
- Wood Kitchen Cabinet Exports in the United States
Wood Kitchen Cabinet Price in the United States (CIF) - 2022
In 2022, the average wood kitchen cabinet import price amounted to $38 per unit, picking up by 4.8% against the previous year. Over the period from 2020 to 2022, it increased at an average annual rate of +5.6%. The pace of growth was the most pronounced in 2021 an increase of 6.3% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see steady growth in the near future.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Mexico ($61 per unit), while the price for Italy ($15 per unit) was amongst the lowest.
From 2020 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+19.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Wood Kitchen Cabinet Price in the United States (FOB) - 2022
In 2022, the average wood kitchen cabinet export price amounted to $254 per unit, rising by 23% against the previous year. In general, the export price, however, showed a deep setback. Over the period under review, the average export prices hit record highs at $339 per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($1,285 per unit), while the average price for exports to Vietnam ($14 per unit) was amongst the lowest.
From 2020 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+1,611.5%), while the prices for the other major destinations experienced more modest paces of growth.
Wood Kitchen Cabinet Imports in the United States
For the fourth year in a row, the United States recorded growth in purchases abroad of wood kitchen cabinets and countertops, which increased by 31% to 66M units in 2022. Over the period under review, imports continue to indicate a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, wood kitchen cabinet imports skyrocketed to $2.5B in 2022. In general, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +21.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +79.5% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Wood Kitchen Cabinet in the United States (Million USD) | |||||
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COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
Vietnam | 384 | 507 | 881 | 51.5% | |
Canada | 271 | 305 | 382 | 18.7% | |
Malaysia | 330 | 309 | 325 | -0.8% | |
Mexico | 82.5 | 192 | 291 | 87.8% | |
Thailand | 30.0 | 100 | 159 | 130.2% | |
Italy | 76.2 | 74.5 | 98.4 | 13.6% | |
Indonesia | 83.1 | 102 | 80.6 | -1.5% | |
China | 94.5 | 77.7 | 65.8 | -16.6% | |
Cambodia | 21.2 | 19.8 | 47.8 | 50.2% | |
Taiwan (Chinese) | 34.2 | 28.5 | 47.6 | 18.0% | |
Others | 96.4 | 114 | 134 | 17.9% | |
Total | 1,503 | 1,830 | 2,512 | 29.3% |
Top Suppliers of Wood Kitchen Cabinet to the United States in 2022:
- Vietnam (22.4M units)
- Malaysia (9.0M units)
- Canada (7.7M units)
- Italy (6.5M units)
- Mexico (4.8M units)
- Thailand (3.6M units)
- Indonesia (3.0M units)
- China (2.2M units)
- Cambodia (1.4M units)
- Taiwan (Chinese) (1.0M units)
Wood Kitchen Cabinet Exports in the United States
In 2022, after three years of growth, there was decline in shipments abroad of wood kitchen cabinets and countertops, when their volume decreased by -2.3% to 329K units. Overall, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 72% against the previous year. As a result, the exports reached the peak of 336K units, and then reduced in the following year.
In value terms, wood kitchen cabinet exports soared to $84M in 2022. The total export value increased at an average annual rate of +3.0% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Wood Kitchen Cabinet in the United States (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
Canada | 53.3 | 55.5 | 60.4 | 6.5% | |
Bahamas | 4.0 | 2.5 | 3.9 | -1.3% | |
Bermuda | 2.1 | 2.5 | 3.7 | 32.7% | |
Malaysia | 0.2 | 0.8 | 2.2 | 231.7% | |
Vietnam | 0.8 | 0.3 | 1.9 | 54.1% | |
Mexico | 1.8 | 0.9 | 1.6 | -5.7% | |
Cayman Islands | 0.9 | 1.5 | 1.2 | 15.5% | |
Singapore | N/A | N/A | 0.7 | 0% | |
Taiwan (Chinese) | N/A | N/A | 0.2 | 0% | |
China | 0.1 | N/A | N/A | 0% | |
Others | 3.0 | 5.4 | 7.7 | 60.2% | |
Total | 66.2 | 69.4 | 83.6 | 12.4% |
Top Export Markets for Wood Kitchen Cabinet from the United States in 2022:
- China (undefinedK units)
- Vietnam (142.5K units)
- Canada (60.4K units)
- Malaysia (42.1K units)
- Bermuda (13.2K units)
- Bahamas (10.5K units)
- Singapore (9.4K units)
- Taiwan (Chinese) (8.6K units)
- Cayman Islands (8.4K units)
- Mexico (7.9K units)
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:
- 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.
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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
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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
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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
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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
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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
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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
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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
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Wood Kitchen Cabinet imports reached a peak of 5.8M units in July 2023 but declined slightly from August to December. In December 2023, the value of wood kitchen cabinet imports surged to $179M.
During the analyzed period, imports of Wood Kitchen Cabinets reached their highest point in July 2023, with a total of 5.8 million units. However, from August to October of the same year, imports remained at a lower level. In terms of value, wood kitchen cabinet imports slightly increased to $180 million in October 2023.
Wood Kitchen Cabinet imports reached a value of $178M in May 2023.
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.
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