U.S. Office Furniture (Except Wood) Market. Analysis And Forecast to 2025

U.S.: Office Furniture Market Overview 2019

Office Furniture Market Size in the USA

The revenue of the office furniture market in the U.S. amounted to $X in 2018, remaining stable against the previous year. In general, office furniture consumption continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015, with an increase of X% y-o-y. In that year, the office furniture market attained their peak level of $X. From 2016 to 2018, growth of the office furniture market failed to regain its momentum.

Office Furniture Production in the USA

In value terms, office furniture production totaled $X in 2018. Overall, office furniture production continues to indicate a slight descent. The most prominent rate of growth was recorded in 2015, with an increase of X% y-o-y. In that year, the office furniture production attained their peak level of $X. From 2016 to 2018, growth of the office furniture production failed to regain its momentum.

Office Furniture Exports

Exports from the USA

In 2018, exports of office furniture (except wood) from the U.S. stood at X tonnes, coming up by X% against the previous year. Overall, office furniture exports continue to indicate an abrupt deduction. The pace of growth was the most pronounced in 2018, with an increase of X% y-o-y. The exports peaked of X tonnes in 2013; however, from 2014 to 2018, it stood at a somewhat lower level.

In value terms, office furniture exports amounted to $X in 2018. Overall, office furniture exports continue to indicate an abrupt deduction. Over the period under review, the office furniture exports attained its maximum level of $X in 2013; however, from 2014 to 2018, it stood at a somewhat lower level.

Exports by Country

The UK (X tonnes), Saudi Arabia (X tonnes) and China (X tonnes) were the main destinations of office furniture exports from the U.S., together comprising X% of total exports. Germany, Ethiopia, Kuwait, Brazil, the Netherlands, Panama, Costa Rica, Japan and Saint Maarten (Dutch part) lagged somewhat behind, together comprising a further X%.

From 2013 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Ethiopia (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Saudi Arabia ($X) and Kuwait ($X) constituted the largest markets for office furniture exported from the U.S. worldwide, with a combined X% share of total exports. These countries were followed by the UK, Costa Rica, Japan, China, Panama, the Netherlands, Saint Maarten (Dutch part), Brazil and Ethiopia, which together accounted for a further X%.

Ethiopia (+X% per year) experienced the highest rates of growth with regard to exports, in terms of the main countries of destination over the last five year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The average office furniture export price stood at $X per kg in 2018, lowering by -X% against the previous year. Over the period from 2013 to 2018, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2016, when the average export price increased by X% y-o-y. In that year, the average export prices for office furniture (except wood) reached their peak level of $X per kg. From 2017 to 2018, growth of the average export prices for office furniture (except wood) failed to regain its momentum.

Export prices varied noticeably by the country of origin; the country with the highest export price was Germany ($X per kg), while average price for exports to Ethiopia ($X per kg) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of export prices was recorded for supplies to Costa Rica (+X% per year), the export prices for the other major destinations experienced more modest paces of growth.

Office Furniture Imports

Imports into the USA

In 2018, approx. X tonnes of office furniture (except wood) were imported into the U.S.; jumping by X% against the previous year. In general, the total imports indicated a remarkable growth from 2013 to 2018: its volume increased at an average annual rate of +X% over the last five year period. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2018 figures, the office furniture imports increased by +X% against 2013 indices. The pace of growth was the most pronounced in 2017, with an increase of X% year-to-year. Over the period under review, the office furniture imports attained its maximum volume in 2018, and are likely to continue its growth in the near future.

In value terms, office furniture imports stood at $X in 2018. In general, the total imports indicated a strong growth from 2013 to 2018: its value increased at an average annual rate of +X% over the last five year period. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2018 figures, the office furniture imports increased by +X% against 2013 indices. The imports peaked in 2018, and are likely to see steady growth in the immediate term.

Imports by Country

In 2018, China (X tonnes) constituted the largest supplier of office furniture to the U.S., accounting for X% share of total imports. Moreover, office furniture imports from China exceeded the figures recorded by the second largest supplier, Taiwan, Chinese (X tonnes), fivefold.

From 2013 to 2018, the average annual rate of growth in terms of volume from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan, Chinese (+X% per year) and the UK (+X% per year).

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

From 2013 to 2018, the average annual rate of growth in terms of value from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan, Chinese (+X% per year) and the UK (+X% per year).

Import Prices by Country

The average office furniture import price stood at $X per kg in 2018, declining by -X% against the previous year. In general, office furniture import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014, when it surged by X% against the previous year. The import price peaked of $X per kg in 2015; however, from 2016 to 2018, it failed to regain its momentum.

There were significant differences in the average import prices amongst the major supplying countries. In 2018, the country with the highest import price was the UK ($X per kg), while price for China ($X per kg) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of import prices was attained by the UK (+X% per year), the import prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform