U.S.: Overview of the Market for Nonupholstered Wood Household Furniture 2020

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

After three years of growth, the U.S. nonupholstered wood household furniture market decreased by -X% to $X in 2019. Overall, consumption saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 with an increase of X% y-o-y. The U.S. consumption peaked at $X in 2018, and then fell in the following year.

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

In value terms, nonupholstered wood household furniture production shrank to $X in 2019. Over the period under review, production recorded a abrupt decrease. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2007; however, from 2008 to 2019, production failed to regain the momentum.

Exports of Nonupholstered Wood Household Furniture

Exports from the U.S.

In 2019, overseas shipments of nonupholstered wood household furniture decreased by -X% to X units for the first time since 2016, thus ending a two-year rising trend. In general, exports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2012 with an increase of X% y-o-y. Over the period under review, exports attained the peak figure at X units in 2008; however, from 2009 to 2019, exports stood at a somewhat lower figure.

In value terms, nonupholstered wood household furniture exports declined to $X in 2019. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when exports increased by X% y-o-y. Over the period under review, exports attained the maximum at $X in 2014; however, from 2015 to 2019, exports stood at a somewhat lower figure.

Exports by Country

In 2019, China (X units) was the key exporter of nonupholstered wood household furniture, constituting X% of total exports. It was distantly followed by Germany (X units), Malaysia (X units), Viet Nam (X units) and Poland (X units), together committing a X% share of total exports. The following exporters - Italy (X units), Turkey (X units), Indonesia (X units), Denmark (X units), Canada (X units), Brazil (X units) and Spain (X units) - together made up X% of total exports.

China experienced a relatively flat trend pattern with regard to volume of exports of nonupholstered wood household furniture. At the same time, Turkey (+X%), Malaysia (+X%), Viet Nam (+X%) and Poland (+X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in the world, with a CAGR of +X% from 2007-2019. Germany experienced a relatively flat trend pattern. By contrast, Indonesia (-X%), Spain (-X%), Brazil (-X%), Canada (-X%), Denmark (-X%) and Italy (-X%) illustrated a downward trend over the same period. While the share of Malaysia (+X p.p.), Viet Nam (+X p.p.) and Turkey (+X p.p.) increased significantly in terms of the global exports from 2007-2019, the share of Denmark (-X p.p.) and Italy (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest nonupholstered wood household furniture supplier from the U.S., comprising X% of global exports. The second position in the ranking was occupied by Germany ($X), with a X% share of global exports. It was followed by Viet Nam, with a X% share.

In China, nonupholstered wood household furniture exports increased at an average annual rate of +X% over the period from 2007-2019. In the other countries, the average annual rates were as follows: Germany (+X% per year) and Viet Nam (+X% per year).

Export Prices by Country

The nonupholstered wood household furniture export price in the U.S. stood at $X per unit in 2019, stabilizing at the previous year. Over the period under review, the export price, however, showed a resilient increase. The most prominent rate of growth was recorded in 2011 an increase of X% year-to-year. Over the period under review, export prices hit record highs at $X per unit in 2018, and then dropped modestly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2019, the country with the highest price was Italy ($X per unit), while Malaysia ($X per unit) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Italy, while the other leaders experienced more modest paces of growth.

Imports of Nonupholstered Wood Household Furniture

Imports into the U.S.

In 2019, purchases abroad of nonupholstered wood household furniture decreased by -X% to X units, falling for the second consecutive year after two years of growth. Over the period under review, imports showed a mild reduction. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. The U.S. imports peaked at X units in 2017; however, from 2018 to 2019, imports remained at a lower figure.

In value terms, nonupholstered wood household furniture imports reduced to $X in 2019. In general, total imports indicated a measured expansion from 2007 to 2019: its value decreased at an average annual rate of -X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +X% against 2009 indices. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then shrank in the following year.

Imports by Country

In 2017, the UK (X units), Germany (X units), France (X units), the United Arab Emirates (X units), the Netherlands (X units), China (X units), Austria (X units), Japan (X units), Saudi Arabia (X units), Canada (X units), Australia (X units) and Switzerland (X units) represented the main importer of nonupholstered wood household furniture in the world, comprising X% of total import.

From 2007 to 2017, the biggest increases were in China, while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest nonupholstered wood household furniture importing markets into the U.S. were Germany ($X), France ($X) and the UK ($X), together accounting for X% of total imports. These countries were followed by Japan, the Netherlands, Switzerland, Canada, Australia, Austria, China, Saudi Arabia and the United Arab Emirates, which together accounted for a further X recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2017, the nonupholstered wood household furniture import price in the U.S. amounted to $X per unit, standing approx. at the previous year. Over the last decade, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2010 when the import price increased by X% against the previous year. The U.S. import price peaked at $X per unit in 2013; however, from 2014 to 2017, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2017, the country with the highest price was Switzerland ($X per unit), while the United Arab Emirates ($X per unit) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of prices was attained by Japan, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the leading suppliers of nonupholstered wood household furniture to the U.S.?

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In value terms, Viet Nam ($2.1B) constituted the largest supplier of nonupholstered wood household furniture to the U.S., comprising 18% of total imports. The second position in the ranking was occupied by China ($796M), with a 6.9% share of total imports. It was followed by Malaysia, with a 4.3% share.

What are the leading importers of nonupholstered wood household furniture from the U.S.?

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In value terms, China ($13.8B) remains the largest nonupholstered wood household furniture supplier from the U.S., comprising 28% of global exports. The second position in the ranking was occupied by Germany ($4.3B), with a 8.9% share of global exports. It was followed by Viet Nam, with a 8.7% share.

What is the average export price for nonupholstered wood household furniture in the U.S.?

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In 2019, the nonupholstered wood household furniture export price in the U.S. amounted to $139 per unit, approximately reflecting the previous year.

What is the average import price for nonupholstered wood household furniture in the U.S.?

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The average nonupholstered wood household furniture import price stood at $59 per unit in 2017, almost unchanged from the previous year.