U.S.: Office Furniture Market Overview 2021

Office Furniture Market Size in the U.S.

The U.S. office furniture market amounted to $X in 2020, remaining relatively unchanged against the previous year. In general, consumption, however, continues to indicate temperate growth. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Office furniture consumption peaked in 2020 and is expected to retain growth in the near future.

Office Furniture Production in the U.S.

In value terms, office furniture production rose modestly to $X in 2020. In general, production, however, posted notable growth. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Office furniture production peaked in 2020 and is likely to see steady growth in the near future.

Office Furniture Exports

Exports from the U.S.

Office furniture exports from the U.S. contracted rapidly to X tonnes in 2020, with a decrease of -X% against the previous year's figure. Overall, exports saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2017 when exports increased by X% year-to-year. Over the period under review, exports attained the peak figure at X tonnes in 2013; however, from 2014 to 2020, exports stood at a somewhat lower figure.

In value terms, office furniture exports reduced rapidly to $X in 2020. In general, exports recorded a deep reduction. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. Exports peaked at $X in 2013; however, from 2014 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Canada (X tonnes) was the main destination for office furniture exports from the U.S., accounting for a X% share of total exports. Moreover, office furniture exports to Canada exceeded the volume sent to the second major destination, Mexico (X tonnes), eightfold. Germany (X tonnes) ranked third in terms of total exports with a X% share.

From 2013 to 2020, the average annual rate of growth in terms 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 Germany (+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 Germany, with a X% share.

From 2013 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 Germany (+X% per year).

Export Prices by Country

The average office furniture export price stood at $X per tonne in 2020, surging by X% against the previous year. Overall, the export price posted a buoyant increase. The most prominent rate of growth was recorded in 2014 an increase of X% y-o-y. Over the period under review, average export prices hit record highs in 2020 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was the Netherlands ($X per tonne), while the average price for exports to Germany ($X per tonne) 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.

Office Furniture Imports

Imports into the U.S.

After five years of growth, supplies from abroad of office furniture (except wood) decreased by -X% to X tonnes in 2020. Overall, imports continue to indicate a mild slump. The pace of growth appeared the most rapid in 2015 when imports increased by X% year-to-year. Over the period under review, imports hit record highs at X tonnes in 2019, and then contracted sharply in the following year.

In value terms, office furniture imports dropped to $X in 2020. In general, imports saw a strong expansion. The most prominent rate of growth was recorded in 2019 with an increase of X% y-o-y. As a result, imports reached the peak of $X, and then shrank in the following year.

Imports by Country

Canada (X tonnes), China (X tonnes) and Taiwan (Chinese) (X tonnes) were the main suppliers of office furniture imports to the U.S., with a combined X% share of total imports. These countries were followed by Mexico and Malaysia, which together accounted for a further X 2013 to 2020, the biggest increases were in Malaysia (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X) constituted the largest supplier of office furniture to the U.S., comprising X% of total imports. The second position in the ranking was occupied by China ($X), with a X% share of total imports. It was followed by Taiwan (Chinese), with a X% share.

From 2013 to 2020, the average annual growth rate of value from Canada stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and Taiwan (Chinese) (+X% per year).

Import Prices by Country

The average office furniture import price stood at $X per tonne in 2020, growing by X% against the previous year. Over the period under review, the import price posted strong growth. The growth pace was the most rapid in 2014 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per tonne. from 2015 to 2020, the growth in terms of the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Canada ($X per tonne), while the price for Taiwan (Chinese) ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Canada, 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 office furniture (except wood) to the U.S.?

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In value terms, Canada ($355M) constituted the largest supplier of office furniture to the U.S., comprising 49% of total imports. The second position in the ranking was occupied by China ($162M), with a 22% share of total imports. It was followed by Taiwan (Chinese), with a 8.6% share.

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

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In value terms, Canada ($88M) 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 ($12M), with a 7.6% share of total exports. It was followed by Germany, with a 2.7% share.

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

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In 2020, the average office furniture export price amounted to $8,789 per tonne, increasing by 5.7% against the previous year.

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

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In 2020, the average office furniture import price amounted to $4,205 per tonne, increasing by 4.6% against the previous year.