U.S. Household Furniture (Except Wood And Metal) Market. Analysis And Forecast to 2025

U.S.: Household Furniture Market Overview 2019

Household Furniture Market Size in the U.S.

The revenue of the household furniture market in the U.S. amounted to $X in 2018, approximately mirroring the previous year. Overall, household furniture consumption, however, continues to indicate an extraordinary expansion. The pace of growth was the most pronounced in 2015 when the market value increased by X% year-to-year. Over the period under review, the household furniture market attained its maximum level at $X in 2017, and then declined slightly in the following year.

Household Furniture Production in the U.S.

In value terms, household furniture production stood at $X in 2018. Overall, household furniture production continues to indicate a mild expansion. The growth pace was the most rapid in 2015 with an increase of X% y-o-y. Household furniture production peaked in 2018 and is likely to continue its growth in the near future.

Household Furniture Exports

Exports from the U.S.

In 2018, approx. X tonnes of household furniture (except wood and metal) were exported from the U.S.; increasing by X% against the previous year. Overall, household furniture exports continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. In that year, household furniture exports reached their peak of X tonnes. From 2017 to 2018, the growth of household furniture exports remained at a somewhat lower figure.

In value terms, household furniture exports amounted to $X in 2018. Overall, the total exports indicated remarkable growth from 2013 to 2018: its value increased at an average annual rate of +X% over the last five-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, household furniture exports decreased by -X% against 2016 indices. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. In that year, household furniture exports attained their peak of $X. From 2017 to 2018, the growth of household furniture exports remained at a lower figure.

Exports by Country

Senegal (X tonnes) was the main destination for household furniture exports from the U.S., with a X% share of total exports. Moreover, household furniture exports to Senegal exceeded the volume sent to the second major destination, Jamaica (X tonnes), threefold. Chile (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2018, the average annual growth rate of volume to Senegal totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jamaica (+X% per year) and Chile (+X% per year).

In value terms, the largest markets for household furniture exported from the U.S. were Jamaica ($X), British Virgin Islands ($X) and Barbados ($X), with a combined X% share of total exports. These countries were followed by Senegal, the UK, Venezuela, the Dominican Republic, Bermuda, Australia, Japan, Chile and Viet Nam, which together accounted for a further X (+X% per year) recorded the highest growth rate of exports, in terms of the main countries of destination over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the average household furniture export price amounted to $X per tonne, picking up by X% against the previous year. Overall, the household furniture export price, however, continues to indicate a temperate descent. The most prominent rate of growth was recorded in 2017 an increase of X% y-o-y. Over the period under review, the average export prices for household furniture (except wood and metal) reached their maximum at $X per tonne in 2015; however, from 2016 to 2018, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was British Virgin Islands ($X per tonne), while the average price for exports to Viet Nam ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to the Dominican Republic, while the prices for the other major destinations experienced mixed trend patterns.

Household Furniture Imports

Imports into the U.S.

In 2018, approx. X tonnes of household furniture (except wood and metal) were imported into the U.S.; approximately reflecting the previous year. Overall, household furniture imports, however, continue to indicate an extraordinary increase. The pace of growth was the most pronounced in 2015 when imports increased by X% y-o-y. Over the period under review, household furniture imports attained their peak figure at X tonnes in 2017, and then declined slightly in the following year.

In value terms, household furniture imports stood at $X in 2018. In general, household furniture imports, however, continue to indicate skyrocketing growth. The most prominent rate of growth was recorded in 2015 with an increase of X% y-o-y. Imports peaked at $X in 2017, and then declined slightly in the following year.

Imports by Country

In 2018, China (X tonnes) constituted the largest household furniture supplier to the U.S., with a X% share of total imports. Moreover, household furniture imports from China exceeded the figures recorded by the second-largest supplier, Viet Nam (X tonnes), more than tenfold.

From 2007 to 2018, the average annual rate of growth in terms of volume from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Viet Nam (+X% per year) and Malaysia (+X% per year).

In value terms, China ($X) constituted the largest supplier of household furniture to the U.S., comprising X% of total household furniture imports. The second position in the ranking was occupied by Viet Nam ($X), with a X% share of total imports.

From 2007 to 2018, the average annual rate of growth in terms of value from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Viet Nam (+X% per year) and Malaysia (+X% per year).

Import Prices by Country

The average household furniture import price stood at $X per tonne in 2018, declining by -X% against the previous year. Over the period under review, the household furniture import price continues to indicate a pronounced drop. The pace of growth was the most pronounced in 2014 an increase of X% year-to-year. In that year, the average import prices for household furniture (except wood and metal) attained their peak level of $X per tonne. From 2015 to 2018, the growth in terms of the average import prices for household furniture (except wood and metal) remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was China ($X per tonne), while the price for Malaysia ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Viet Nam, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform