U.S.: Wood Kitchen Cabinet Market 2024

Wood Kitchen Cabinet Market Size in the U.S.

In 2023, the U.S. wood kitchen cabinet market decreased by X% to $X for the first time since 2012, thus ending a ten-year rising trend. Over the period under review, consumption, however, posted a buoyant increase. As a result, consumption attained the peak level of $X, and then fell markedly in the following year.

Wood Kitchen Cabinet Exports

Exports from the U.S.

In 2023, shipments abroad of wood kitchen cabinets and countertops decreased by X% to X units for the first time since 2012, thus ending a ten-year rising trend. In general, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X units in 2022, and then shrank dramatically in the following year.

In value terms, wood kitchen cabinet exports reduced dramatically to $X in 2023. Over the period under review, exports saw a abrupt descent. The growth pace was the most rapid in 2022 when exports increased by X%. The exports peaked at $X in 2013; however, from 2014 to 2023, the exports remained at a lower figure.

Exports by Country

Vietnam (X units) was the main destination for wood kitchen cabinet exports from the United States, with a X% share of total exports. Moreover, wood kitchen cabinet exports to Vietnam exceeded the volume sent to the second major destination, Canada (X units), twofold. Cambodia (X units) ranked third in terms of total exports with a X% share.

From 2020 to 2023, the average annual growth rate of volume to Vietnam amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (X% per year) and Cambodia (X.9% per year).

In value terms, Canada ($X) remains the key foreign market for wood kitchen cabinets and countertops exports from the United States, comprising X% of total exports. The second position in the ranking was taken by Bermuda ($X), with a X% share of total exports. It was followed by Bahamas, with a X% share.

From 2020 to 2023, the average annual rate of growth in terms of value to Canada stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bermuda (X% per year) and Bahamas (X% per year).

Export Prices by Country

The average wood kitchen cabinet export price stood at $X per unit in 2023, flattening at the previous year. Over the period under review, the export price showed a deep slump. The most prominent rate of growth was recorded in 2022 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2020; however, from 2021 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per unit), while the average price for exports to Vietnam ($X per unit) was amongst the lowest.

From 2020 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Wood Kitchen Cabinet Imports

Imports into the U.S.

In 2023, after ten years of growth, there was significant decline in purchases abroad of wood kitchen cabinets and countertops, when their volume decreased by X% to X units. Over the period under review, imports, however, showed a resilient increase. The most prominent rate of growth was recorded in 2022 when imports increased by X% against the previous year. As a result, imports attained the peak of X units, and then contracted in the following year.

In value terms, wood kitchen cabinet imports shrank sharply to $X in 2023. Overall, imports, however, showed a strong expansion. The pace of growth was the most pronounced in 2022 when imports increased by X%. As a result, imports reached the peak of $X, and then declined dramatically in the following year.

Imports by Country

Vietnam (X units), Canada (X units) and Italy (X units) were the main suppliers of wood kitchen cabinet imports to the United States, together accounting for X% of total imports. Malaysia, Mexico, Thailand and Indonesia lagged somewhat behind, together accounting for a further X%.

From 2020 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Canada ($X) and Mexico ($X) constituted the largest wood kitchen cabinet suppliers to the United States, with a combined X% share of total imports. Malaysia, Thailand, Italy and Indonesia lagged somewhat behind, together accounting for a further X%.

Thailand, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average wood kitchen cabinet import price amounted to $X per unit, with a decrease of X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2022, and then shrank in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Mexico ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2020 to 2023, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform