U.S.: Market for Nonupholstered Wood Household Furniture 2024

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

In 2023, after six years of growth, there was significant decline in the U.S. nonupholstered wood household furniture market, when its value decreased by X% to $X. Over the period under review, consumption, however, saw a buoyant expansion. Over the period under review, the market hit record highs at $X in 2022, and then contracted notably in the following year.

Exports of Nonupholstered Wood Household Furniture

Exports from the U.S.

Nonupholstered wood household furniture exports from the United States skyrocketed to X units in 2023, picking up by X% against the previous year's figure. Overall, exports showed significant growth. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure in 2023 and are likely to continue growth in the near future.

In value terms, nonupholstered wood household furniture exports dropped slightly to $X in 2023. The total export value increased at an average annual rate of X% over the period from 2013 to 2023; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports reached the peak of $X. From 2022 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

Turks and Caicos Islands (X units) was the main destination for nonupholstered wood household furniture exports from the United States, accounting for a X% share of total exports. Moreover, nonupholstered wood household furniture exports to Turks and Caicos Islands exceeded the volume sent to the second major destination, Canada (X units), twofold. The third position in this ranking was held by China (X units), with an X% share.

From 2020 to 2023, the average annual rate of growth in terms of volume to Turks and Caicos Islands amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (X% per year) and China (X% per year).

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

From 2020 to 2023, the average annual growth rate of value to Canada stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (X% per year) and Mexico (X% per year).

Export Prices by Country

In 2023, the average nonupholstered wood household furniture export price amounted to $X per unit, dropping by X% against the previous year. Overall, the export price faced a sharp downturn. The most prominent rate of growth was recorded in 2022 an increase of X%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2020; however, from 2021 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per unit), while the average price for exports to Turks and Caicos Islands ($X per unit) was amongst the lowest.

From 2020 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Honduras (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Imports of Nonupholstered Wood Household Furniture

Imports into the U.S.

In 2023, supplies from abroad of nonupholstered wood household furniture decreased by X% to X units for the first time since 2018, thus ending a four-year rising trend. Over the period under review, imports, however, saw a strong expansion. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X units in 2022, and then declined significantly in the following year.

In value terms, nonupholstered wood household furniture imports dropped markedly to $X in 2023. In general, total imports indicated a noticeable increase from 2013 to 2023: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2022, and then fell notably in the following year.

Imports by Country

In 2023, Vietnam (X units) constituted the largest supplier of nonupholstered wood household furniture to the United States, with a X% share of total imports. Moreover, nonupholstered wood household furniture imports from Vietnam exceeded the figures recorded by the second-largest supplier, Malaysia (X units), twofold. The third position in this ranking was taken by China (X units), with an X% share.

From 2013 to 2023, the average annual growth rate of volume from Vietnam amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (X% per year) and China (X% per year).

In value terms, Vietnam ($X) constituted the largest supplier of nonupholstered wood household furniture to the United States, comprising X% of total imports. The second position in the ranking was taken by Malaysia ($X), with a X% share of total imports. It was followed by Indonesia, with a X% share.

From 2013 to 2023, the average annual growth rate of value from Vietnam amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (X% per year) and Indonesia (X% per year).

Import Prices by Country

The average nonupholstered wood household furniture import price stood at $X per unit in 2023, waning by X% against the previous year. Overall, the import price showed a abrupt setback. The most prominent rate of growth was recorded in 2022 when the average import price increased by X%. The import price peaked at $X per unit in 2018; however, from 2019 to 2023, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Indonesia ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform