U.S.: Household Furniture Market Overview 2021

Household Furniture Market Size in the U.S.

In 2020, the U.S. household furniture market decreased by -X% to $X, falling for the second consecutive year after twelve years of growth. Overall, consumption, however, posted a buoyant expansion. The pace of growth was the most pronounced in 2015 when the market value increased by X% year-to-year. Household furniture consumption peaked at $X in 2018; however, from 2019 to 2020, consumption remained at a lower figure.

Household Furniture Production in the U.S.

In value terms, household furniture production reached $X in 2020. In general, production recorded resilient growth. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% year-to-year. Household furniture production peaked at $X in 2018; afterwards, it flattened through to 2020.

Household Furniture Exports

Exports from the U.S.

In 2020, shipments abroad of household furniture (except wood and metal) decreased by -X% to X units, falling for the third consecutive year after eleven years of growth. Over the period under review, exports recorded a sharp shrinkage. The growth pace was the most rapid in 2017 when exports increased by X% year-to-year. As a result, exports reached the peak of X units. from 2018 to 2020, the growth exports remained at a lower figure.

In value terms, household furniture exports reduced to $X in 2020. Overall, exports saw a mild reduction. The pace of growth appeared the most rapid in 2016 with an increase of X% year-to-year. As a result, exports attained the peak of $X. from 2017 to 2020, the growth exports remained at a somewhat lower figure.

Exports by Country

Honduras (X units), Guatemala (X units) and the UK (X units) were the main destinations of household furniture exports from the U.S., with a combined X% share of total exports.

From 2013 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Honduras, while exports for the other leaders experienced a decline.

In value terms, Canada ($X) remains the key foreign market for household furniture exports from the U.S., comprising X% of total exports. The second position in the ranking was occupied by Bahamas ($X), with a X% share of total exports. It was followed by the UK, with a X% share.

From 2013 to 2020, the average annual rate of growth in terms of value to Canada stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahamas (+X% per year) and the UK (-X% per year).

Export Prices by Country

In 2020, the average household furniture export price amounted to $X per unit, jumping by X% against the previous year. In general, the export price saw a significant expansion. As a result, export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2020, the country with the highest price was Canada ($X per unit), while the average price for exports to Slovakia ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Bahamas (+X% per year), while the prices for the other major destinations experienced more modest paces of growth.

Household Furniture Imports

Imports into the U.S.

In 2020, purchases abroad of household furniture (except wood and metal) decreased by -X% to X units, falling for the second year in a row after twelve years of growth. Over the period under review, imports, however, continue to indicate buoyant growth. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Imports peaked at X units in 2018; however, from 2019 to 2020, imports remained at a lower figure.

In value terms, household furniture imports expanded to $X in 2020. In general, imports, however, showed a resilient expansion. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, China (X units) constituted the largest supplier of household furniture 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 units), ninefold. Taiwan (Chinese) (X units) ranked third in terms of total imports with a X% share.

From 2013 to 2020, the average annual rate of growth in terms of volume from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Viet Nam (+X% per year) and Taiwan (Chinese) (+X% per year).

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

From 2013 to 2020, the average annual rate of growth in terms of value from China stood at +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 unit in 2020, increasing by X% against the previous year. In general, the import price continues to indicate resilient growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Malaysia ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Malaysia, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the leading suppliers of household furniture (except wood and metal) to the U.S.?

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In value terms, China ($1.4B) constituted the largest supplier of household furniture to the U.S., comprising 71% of total imports. The second position in the ranking was occupied by Viet Nam ($147M), with a 7.6% share of total imports. It was followed by Malaysia, with a 4.6% share.

What are the leading importers of household furniture (except wood and metal) from the U.S.?

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In value terms, Canada ($66M) remains the key foreign market for household furniture exports from the U.S., comprising 42% of total exports. The second position in the ranking was occupied by Bahamas ($7.1M), with a 4.6% share of total exports. It was followed by the UK, with a 4.3% share.

What is the average export price for household furniture (except wood and metal) in the U.S.?

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The average household furniture export price stood at $115 per unit in 2020, surging by 1,647% against the previous year.

What is the average import price for household furniture (except wood and metal) in the U.S.?

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In 2020, the average household furniture import price amounted to $19 per unit, rising by 264% against the previous year.