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U.S. Nonupholstered Wood Household Furniture Market. Analysis And Forecast to 2025
Update: COVID-19 Impact

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U.S.: Overview of the Market for Nonupholstered Wood Household Furniture 2021

Market Size for Nonupholstered Wood Household Furniture in the U.S.

The U.S. nonupholstered wood household furniture market was estimated at $X in 2020, with an increase of X% against the previous year. In general, the total consumption indicated a slight expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption increased by +X% against 2009 indices. The most prominent rate of growth was recorded in 2012 when the market value increased by X% against the previous year. Over the period under review, the market reached the maximum level in 2020 and is likely to continue growth in the near future.

Production of Nonupholstered Wood Household Furniture in the U.S.

In value terms, nonupholstered wood household furniture production dropped modestly to $X in 2020. Overall, production showed a noticeable descent. The pace of growth appeared the most rapid in 2016 when the production volume increased by X% y-o-y. Over the period under review, production hit record highs at $X in 2007; however, from 2008 to 2020, production failed to regain the momentum.

Exports of Nonupholstered Wood Household Furniture

Exports from the U.S.

For the third year in a row, the U.S. recorded decline in overseas shipments of nonupholstered wood household furniture, which decreased by -X% to X units in 2020. Over the period under review, exports showed a perceptible downturn. The pace of growth appeared the most rapid in 2010 with an increase of X% year-to-year. Exports peaked at X units in 2008; however, from 2009 to 2020, exports stood at a somewhat lower figure.

In value terms, nonupholstered wood household furniture exports contracted to $X in 2020. In general, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 with an increase of X% year-to-year. Over the period under review, exports reached the peak figure at $X in 2014; however, from 2015 to 2020, exports failed to regain the momentum.

Exports by Country

Canada (X units) was the main destination for nonupholstered wood household furniture exports from the U.S., with a X% share of total exports. Moreover, nonupholstered wood household furniture exports to Canada exceeded the volume sent to the second major destination, Mexico (X units), threefold. The third position in this ranking was occupied by Bahamas (X units), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Canada stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+X% per year) and Bahamas (-X% per year).

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

From 2007 to 2020, the average annual growth rate of value to Canada amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+X% per year) and Bahamas (-X% per year).

Export Prices by Country

In 2020, the average nonupholstered wood household furniture export price amounted to $X per unit, picking up by X% against the previous year. In general, export price indicated noticeable growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, nonupholstered wood household furniture export price increased by +X% against 2017 indices. The growth pace was the most rapid in 2011 an increase of X% y-o-y. Over the period under review, average export prices attained the maximum in 2020 and is expected to retain growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was Canada ($X per unit), while the average price for exports to Bermuda ($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 Canada, while the prices for the other major destinations experienced more modest paces of growth.

Imports of Nonupholstered Wood Household Furniture

Imports into the U.S.

In 2020, the amount of nonupholstered wood household furniture imported into the U.S. surged to X units, growing by X% on 2019. Over the period under review, total imports indicated a temperate increase from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2011 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, nonupholstered wood household furniture imports rose markedly to $X in 2020. In general, total imports indicated tangible growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2009 indices. The pace of growth appeared the most rapid in 2012 when imports increased by X% year-to-year. Imports peaked in 2020 and are expected to retain growth in years to come.

Imports by Country

China (X units), Viet Nam (X units) and Malaysia (X units) were the main suppliers of nonupholstered wood household furniture imports to the U.S., together comprising X% of total imports.

From 2007 to 2020, the biggest increases were in Viet Nam, while purchases for the other leaders experienced more modest paces of growth.

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

From 2007 to 2020, the average annual growth rate of value from Viet Nam amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-X% per year) and Malaysia (+X% per year).

Import Prices by Country

In 2020, the average nonupholstered wood household furniture import price amounted to $X per unit, waning by -X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2011 an increase of X% y-o-y. The import price peaked at $X per unit in 2017; however, from 2018 to 2020, import prices remained at a lower figure.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Viet Nam, 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 nonupholstered wood household furniture to the U.S.?
+
In value terms, Viet Nam ($5.5B) constituted the largest supplier of nonupholstered wood household furniture to the U.S., comprising 40% of total imports. The second position in the ranking was occupied by China ($2B), with a 15% share of total imports. It was followed by Malaysia, with a 10% share.
What are the leading importers of nonupholstered wood household furniture from the U.S.?
+
In value terms, Canada ($584M) remains the key foreign market for nonupholstered wood household furniture exports from the U.S., comprising 69% of total exports. The second position in the ranking was occupied by Mexico ($81M), with a 9.5% share of total exports. It was followed by Bahamas, with a 1.6% share.
What is the average export price for nonupholstered wood household furniture in the U.S.?
+
In 2020, the average nonupholstered wood household furniture export price amounted to $109 per unit, picking up by 15% against the previous year.
What is the average import price for nonupholstered wood household furniture in the U.S.?
+
The average nonupholstered wood household furniture import price stood at $52 per unit in 2020, declining by -13.9% against the previous year.

Product coverage:
• NAICS 337122 - Nonupholstered wood household furniture manufacturing

This report provides an in-depth analysis of the market for nonupholstered wood household furniture 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.


Companies mentioned:
• Kimball International
• Ashley Furniture Industries
• Bernhardt Furniture Company
• Cv Industries
• Bush Industries
• Bassett Furniture Industries Incorporated
• Riverside Furniture Corporation
• Tfi Wind Down
• Standard Furniture Manufacturing Company
• Kincaid Furniture Company
• Hfi Wind Down
• Hooker Furniture Corporation
• Ameriwood Industries
• IKEA Industry Danville
• Nova Lifestyle
• Kohler Interiors Furniture Company
• Heritage Home Group
• Richardson Industries
• Richardson Industries
• Rush Industries
• Bernhardt Industries
• Sandberg Furniture Manufacturing Co.
• Oddello Industries
• Bassett Furniture Industries of North Carolina
• Universal Furniture Limited
• Pillow Kingdom
• V-B/Williams Furniture Company
• Ethan Allen Operations
• Brown Jordan Company Limited Partnership
• Source Capital Backyard

Country coverage:
• USA

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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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