U.S.: Wooden Furniture Treatments Market 2023

Wooden Furniture Treatments Market Size in the U.S.

After two years of decline, the U.S. wooden furniture treatments market increased by 7.3% to $X in 2021. Over the period under review, consumption, however, continues to indicate a pronounced decline. Wooden furniture treatments consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Wooden Furniture Treatments Production in the U.S.

In value terms, wooden furniture treatments production rose significantly to $X in 2021. In general, production, however, saw a pronounced setback. The most prominent rate of growth was recorded in 2016 with an increase of 44% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a somewhat lower figure.

Wooden Furniture Treatments Exports

Exports from the U.S.

In 2021, shipments abroad of polishes and creams for wooden furniture and floors increased by 0.1% to X tons, rising for the fourth year in a row after five years of decline. Overall, exports, however, showed a perceptible decrease. The most prominent rate of growth was recorded in 2020 when exports increased by 20% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, wooden furniture treatments exports stood at $X in 2021. Over the period under review, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when exports increased by 9.7%. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Canada (X tons) was the main destination for wooden furniture treatments exports from the United States, accounting for a 54% share of total exports. Moreover, wooden furniture treatments exports to Canada exceeded the volume sent to the second major destination, Australia (X tons), sevenfold. China (X tons) ranked third in terms of total exports with a 6.9% share.

From 2012 to 2021, the average annual growth rate of volume to Canada amounted to -2.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+5.9% per year) and China (+20.2% per year).

In value terms, Canada ($X) remains the key foreign market for wooden furniture treatments exports from the United States, comprising 46% of total exports. The second position in the ranking was held by China ($X), with a 10% share of total exports. It was followed by Australia, with a 6.6% share.

From 2012 to 2021, the average annual growth rate of value to Canada totaled -2.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+27.1% per year) and Australia (+5.5% per year).

Export Prices by Country

The average wooden furniture treatments export price stood at $X per ton in 2021, growing by 3.9% against the previous year. Over the period under review, export price indicated a modest increase from 2012 to 2021: its price increased at an average annual rate of +1.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, wooden furniture treatments export price decreased by -31.6% against 2017 indices. The pace of growth appeared the most rapid in 2016 when the average export price increased by 24%. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was China ($X per ton), while the average price for exports to Panama ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Furniture Treatments Imports

Imports into the U.S.

In 2021, supplies from abroad of polishes and creams for wooden furniture and floors decreased by -12.1% to X tons, falling for the fourth year in a row after two years of growth. Over the period under review, imports saw a deep contraction. The most prominent rate of growth was recorded in 2013 with an increase of 31% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, wooden furniture treatments imports amounted to $X in 2021. Overall, imports showed a abrupt descent. The growth pace was the most rapid in 2013 when imports increased by 31%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Canada (X tons), China (X tons) and Mexico (X tons) were the main suppliers of wooden furniture treatments imports to the United States, with a combined 69% share of total imports. These countries were followed by Turkey, Denmark, the UK, the Netherlands, Belgium and Italy, which together accounted for a further 26%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +43.5%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Canada ($X), Denmark ($X) and the UK ($X) constituted the largest wooden furniture treatments suppliers to the United States, together comprising 52% of total imports. These countries were followed by China, Mexico, the Netherlands, Belgium, Turkey and Italy, which together accounted for a further 42%.

Among the main suppliers, Turkey, with a CAGR of +27.3%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average wooden furniture treatments import price stood at $X per ton in 2021, increasing by 15% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2018 when the average import price increased by 21%. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Belgium ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+13.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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