U.S.: Office Furniture Market Overview 2020

Office Furniture Market Size in the U.S.

The U.S. office furniture market expanded sharply to $X in 2019, surging by X% against the previous year. In general, consumption, however, showed a relatively flat trend pattern. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Office Furniture Production in the U.S.

In value terms, office furniture production rose notably to $X in 2019. The total output value increased at an average annual rate of +X% over the period from 2013 to 2019; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Office Furniture Exports

Exports from the U.S.

In 2019, office furniture exports from the U.S. dropped to X units, declining by -X% on 2018. Overall, exports saw a deep setback. The pace of growth was the most pronounced in 2017 when exports increased by X% y-o-y. Exports peaked at X units in 2013; however, from 2014 to 2019, exports failed to regain the momentum.

In value terms, office furniture exports amounted to $X in 2019. Over the period under review, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when exports increased by X% year-to-year. Exports peaked at $X in 2013; however, from 2014 to 2019, exports remained at a lower figure.

Exports by Country

Canada (X units) was the main destination for office furniture exports from the U.S., with a X% share of total exports. Moreover, office 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 China (X units), with a X% share.

From 2013 to 2019, the average annual growth rate of volume 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 China (+X% per year).

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

From 2013 to 2019, the average annual rate of growth in terms 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 Japan (+X% per year).

Export Prices by Country

In 2019, the average office furniture export price amounted to $X per unit, picking up by X% against the previous year. Over the period under review, export price indicated a resilient increase from 2013 to 2019: its price increased at an average annual rate of +X% over the last six-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, office furniture export price decreased by -X% against 2016 indices. The pace of growth appeared the most rapid in 2014 an increase of X% y-o-y. The export price peaked at $X per unit in 2016; however, from 2017 to 2019, export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2019, the country with the highest price was Germany ($X per unit), while the average price for exports to China ($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 Canada, while the prices for the other major destinations experienced more modest paces of growth.

Office Furniture Imports

Imports into the U.S.

In 2019, the amount of office furniture (except wood) imported into the U.S. amounted to X units, flattening at the previous year. In general, imports showed a relatively flat trend pattern.

In value terms, office furniture imports soared to $X in 2019. Over the period under review, total imports indicated prominent growth from 2013 to 2019: its value decreased at an average annual rate of X% over the last six-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +X% against 2013 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the leading importers of office furniture (except wood) from the U.S.?

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In value terms, Canada ($127M) remains the key foreign market for office furniture exports from the U.S., comprising 59% of total exports. The second position in the ranking was occupied by Mexico ($27M), with a 13% share of total exports. It was followed by Japan, with a 2.2% share.

What is the average export price for office furniture (except wood) in the U.S.?

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In 2019, the average office furniture export price amounted to $8.2 per unit, rising by 8.7% against the previous year.