
U.S. Household Furniture (Except Wood And Metal) Market. Analysis And Forecast to 2025
Update: COVID-19 Impact
You will receive a PDF copy of the report by email within 24 hours (Mon - Fri).
By clicking «Buy the Report», you agree to our Terms of Service and Privacy Policy. We'll occasionally send you account related emails.
U.S.: Household Furniture Market Overview 2020
Household Furniture Market Size in the U.S.
The U.S. household furniture market contracted modestly to $X in 2019, therefore, remained relatively stable against the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the market value increased by X% y-o-y. As a result, consumption reached the peak level of $X. From 2016 to 2019, the growth of the market failed to regain the momentum.
Household Furniture Production in the U.S.
In value terms, household furniture production amounted to $X in 2019. The total output value increased at an average annual rate of +X% over the period from 2013 to 2019; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2015 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs in 2019 and is likely to continue growth in the near future.
Household Furniture Exports
Exports from the U.S.
In 2019, approx. X units of household furniture (except wood and metal) were exported from the U.S.; with an increase of X% on 2018. The total export volume increased at an average annual rate of +X% over the period from 2013 to 2019; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 when exports increased by X% y-o-y. Exports peaked at X units in 2017; however, from 2018 to 2019, exports failed to regain the momentum.
In value terms, household furniture exports shrank rapidly to $X in 2019. In general, exports continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. As a result, exports reached the peak of $X. From 2017 to 2019, the growth exports failed to regain the momentum.
Exports by Country
Canada (X units) was the main destination for household furniture exports from the U.S., with a X% share of total exports. Moreover, household furniture exports to Canada exceeded the volume sent to the second major destination, the UK (X units), fourfold. France (X units) ranked third in terms of total exports with a X% share.
From 2013 to 2019, the average annual growth rate of volume to Canada totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+X% per year) and France (+X% per year).
In value terms, the UK ($X), Canada ($X) and France ($X) were the largest markets for household furniture exported from the U.S. worldwide, together comprising X% of total exports. Japan, Germany, Honduras, the Philippines, Trinidad and Tobago, China, Jamaica, Venezuela and Australia lagged somewhat behind, together comprising a further X saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Export Prices by Country
In 2019, the average household furniture export price amounted to $X per unit, reducing by -X% against the previous year. Overall, the export price continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2016 when the average export price increased by X% year-to-year. As a result, export price attained the peak level of $X per unit. From 2017 to 2019, the growth in terms of the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2019, the country with the highest price was the UK ($X per unit), while the average price for exports to Australia ($X per unit) was amongst the lowest.
From 2013 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines, while the prices for the other major destinations experienced a decline.
Household Furniture Imports
Imports into the U.S.
In 2019, supplies from abroad of household furniture (except wood and metal) decreased by -X% to X units, falling for the third consecutive year after four years of growth. In general, imports saw a pronounced decline. The pace of growth was the most pronounced in 2015 when imports increased by X% y-o-y. Over the period under review, imports attained the maximum at X units in 2016; however, from 2017 to 2019, imports stood at a somewhat lower figure.
In value terms, household furniture imports dropped to $X in 2019. Over the period under review, imports enjoyed resilient growth. The pace of growth appeared the most rapid in 2015 with an increase of X% year-to-year. Imports peaked at $X in 2017; however, from 2018 to 2019, imports remained at a lower figure.
Imports by Country
In 2019, China (X units) constituted the largest supplier of household furniture to the U.S., with a X% share of total imports. Moreover, household furniture imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), more than tenfold. The third position in this ranking was occupied by Indonesia (X units), with a X% share.
From 2013 to 2019, the average annual growth rate of volume from China stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+X% per year) and Indonesia (-X% per year).
In value terms, China ($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 Italy ($X), with a X% share of total imports. It was followed by Indonesia, with a X% share.
From 2013 to 2019, 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: Italy (+X% per year) and Indonesia (+X% per year).
Import Prices by Country
In 2019, the average household furniture import price amounted to $X per unit, shrinking by -X% against the previous year. Over the period under review, the import price, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2015 when the average import price increased by X% year-to-year. The import price peaked at $X per unit in 2018, and then shrank modestly in the following year.
Prices varied noticeably by the country of origin; the country with the highest price was China ($X per unit), while the price for Taiwan, Chinese ($X per unit) was amongst the lowest.
From 2013 to 2019, the most notable rate of growth in terms of prices was attained by Indonesia, while the prices for the other major suppliers experienced mixed trend patterns.
Source: IndexBox AI Platform
Frequently Asked Questions (FAQ) :
What are the leading suppliers of household furniture (except wood and metal) to the U.S.?+
In value terms, China ($1.4B) constituted the largest supplier of household furniture to the U.S., comprising 74% of total imports. The second position in the ranking was occupied by Italy ($51M), with a 2.7% share of total imports. It was followed by Indonesia, with a 2.7% share.
What are the leading importers of household furniture (except wood and metal) from the U.S.?+
In value terms, the largest markets for household furniture exported from the U.S. were the UK ($10M), Canada ($7.9M) and France ($4.1M), together accounting for 26% of total exports. These countries were followed by Japan, Germany, Honduras, the Philippines, Trinidad and Tobago, China, Jamaica, Venezuela and Australia, which together accounted for a further 10%.
What is the average export price for household furniture (except wood and metal) in the U.S.?+
The average household furniture export price stood at $3 per unit in 2019, reducing by -50.7% against the previous year.
What is the average import price for household furniture (except wood and metal) in the U.S.?+
In 2019, the average household furniture import price amounted to $117 per unit, waning by -2.9% against the previous year.
This report provides an in-depth analysis of the household 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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
Webinar: Global Animal Feed Market - Global Outlook & Insights
Join our live webinar to get insights into the global animal feed market.
Thursday, February 11th, 2021 @ 10:00 am ET
Register