Latest Report Update: Jul 11, 2020

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 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.?
+
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.?
+
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.?
+
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.?
+
The average nonupholstered wood household furniture import price stood at $59 per unit in 2017, almost unchanged from 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 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2019
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 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption In 2007–2019
Table 5:
Imports, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Value Terms, By Country, 2007–2019
Table 7:
Import Prices, By Country Of Origin, 2007–2019
Table 8:
Exports, In Physical Terms, By Country, 2007–2019
Table 9:
Exports, In Value Terms, By Country, 2007–2019
Table 10:
Export Prices, By Country Of Destination, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2019
Figure 5:
Trade Balance, In Physical Terms, 2007–2019
Figure 6:
Trade Balance, In Value Terms, 2007–2019
Figure 7:
Per Capita Consumption, 2007–2019
Figure 8:
Market Forecast To 2025
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, 2007–2019
Figure 21:
Production, In Value Terms, 2007–2019
Figure 22:
Imports, In Physical Terms, 2007–2019
Figure 23:
Imports, In Value Terms, 2007–2019
Figure 24:
Imports, In Physical Terms, By Country, 2019
Figure 25:
Imports, In Physical Terms, By Country, 2007–2019
Figure 26:
Imports, In Value Terms, By Country, 2007–2019
Figure 27:
Import Prices, By Country Of Origin, 2007–2019
Figure 28:
Exports, In Physical Terms, 2007–2019
Figure 29:
Exports, In Value Terms, 2007–2019
Figure 30:
Exports, In Physical Terms, By Country, 2019
Figure 31:
Exports, In Physical Terms, By Country, 2007–2019
Figure 32:
Exports, In Value Terms, By Country, 2007–2019
Figure 33:
Export Prices, By Country Of Destination, 2007–2019

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