Latest Report Update: Jul 11, 2020

U.S. Wood Office Furniture Market. Analysis And Forecast to 2025
Update: COVID-19 Impact

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U.S.: Wood Office Furniture Market Overview 2020

Wood Office Furniture Market Size in the U.S.

The U.S. wood office furniture market amounted to $X in 2019, picking up by X% against the previous year. Overall, consumption, however, showed a mild decline. The growth pace was the most rapid in 2015 with an increase of X% y-o-y. The U.S. consumption peaked at $X in 2007; however, from 2008 to 2019, consumption stood at a somewhat lower figure.

Wood Office Furniture Production in the U.S.

In value terms, wood office furniture production reached $X in 2019. Over the period under review, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of X% y-o-y. Over the period under review, production attained the maximum level at $X in 2007; however, from 2008 to 2019, production stood at a somewhat lower figure.

Wood Office Furniture Exports

Exports from the U.S.

In 2019, after two years of growth, there was decline in overseas shipments of wood office furniture, when their volume decreased by -X% to X units. Overall, exports recorded a deep downturn. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The U.S. exports peaked at X units in 2008; however, from 2009 to 2019, exports stood at a somewhat lower figure.

In value terms, wood office furniture exports contracted to $X in 2019. Over the period under review, total exports indicated a temperate increase 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, exports increased by +X% against 2016 indices. The pace of growth was the most pronounced in 2017 when exports increased by X% y-o-y. Over the period under review, exports reached the peak figure at $X in 2012; however, from 2013 to 2019, exports stood at a somewhat lower figure.

Exports by Country

In 2018, China (X units) represented the major exporter of wood office furniture, constituting X% of total exports. Canada (X units) ranks second in terms of the total exports with a X% share, followed by Poland (X%), Germany (X%) and Lithuania (X%). Viet Nam (X units), Italy (X units), Malaysia (X units), Sweden (X units), Turkey (X units) and Portugal (X units) followed a long way behind the leaders.

From 2007 to 2018, average annual rates of growth with regard to wood office furniture exports from China stood at +X%. At the same time, Lithuania (+X%), Viet Nam (+X%), Portugal (+X%) and Poland (+X%) displayed positive paces of growth. Moreover, Lithuania emerged as the fastest-growing exporter exported in the world, with a CAGR of +X% from 2007-2018. Canada and Turkey experienced a relatively flat trend pattern. By contrast, Germany (-X%), Malaysia (-X%), Sweden (-X%) and Italy (-X%) illustrated a downward trend over the same period. China (+X p.p.), Lithuania (+X p.p.), Viet Nam (+X p.p.) and Poland (+X p.p.) significantly strengthened its position in terms of the global exports, while Malaysia, Sweden, Germany and Italy saw its share reduced by -X%, -X%, -X% and -X% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest wood office furniture supplier from the U.S., comprising X% of global exports. The second position in the ranking was occupied by Canada ($X), with a X% share of global exports. It was followed by Germany, with a X% share.

In China, wood office furniture exports increased at an average annual rate of +X% over the period from 2007-2018. The remaining exporting countries recorded the following average annual rates of exports growth: Canada (-X% per year) and Germany (-X% per year).

Export Prices by Country

The wood office furniture export price in the U.S. stood at $X per unit in 2018, growing by X% against the previous year. Over the period under review, the export price showed resilient growth. The pace of growth was the most pronounced in 2012 an increase of X% year-to-year. Over the period under review, export prices reached the peak figure at $X per unit in 2016; however, from 2017 to 2018, export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Italy ($X per unit), while Poland ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Italy, while the other leaders experienced more modest paces of growth.

Wood Office Furniture Imports

Imports into the U.S.

Wood office furniture imports into the U.S. expanded sharply to X units in 2019, increasing by X% compared with the previous year's figure. Overall, imports, however, saw a pronounced shrinkage. The pace of growth appeared the most rapid in 2015 when imports increased by X% year-to-year. The U.S. imports peaked at X units in 2010; however, from 2011 to 2019, imports remained at a lower figure.

In value terms, wood office furniture imports fell to $X in 2019. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2019, the growth imports remained at a lower figure.

Imports by Country

Germany (X units), France (X units), the UK (X units), South Korea (X units), Saudi Arabia (X units), Australia (X units), the Netherlands (X units), Russia (X units), Canada (X units), the United Arab Emirates (X units), Switzerland (X units) and Sweden (X units) represented roughly X% of total imports of wood office furniture in 2018.

From 2007 to 2018, the biggest increases were in South Korea, while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and Canada ($X) constituted the countries with the highest levels of imports in 2018, with a combined X% share of total imports. These countries were followed by the UK, Switzerland, the Netherlands, Saudi Arabia, the United Arab Emirates, South Korea, Australia, Russia and Sweden, which together accounted for a further X terms of the main importing countries, South Korea saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The wood office furniture import price in the U.S. stood at $X per unit in 2018, rising by X% against the previous year. Overall, the import price enjoyed a prominent increase. The pace of growth appeared the most rapid in 2012 when the import price increased by X% against the previous year. The U.S. import price peaked at $X per unit in 2014; however, from 2015 to 2018, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Canada ($X per unit), while South Korea ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Canada, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the leading suppliers of wood office furniture to the U.S.?
+
In value terms, the largest wood office furniture suppliers to the U.S. were Canada ($390M), China ($347M) and Mexico ($45M), with a combined 74% share of total imports. Taiwan, Chinese, Viet Nam, Malaysia, Germany, Lithuania, Italy and Portugal lagged somewhat behind, together accounting for a further 19%.
What are the leading importers of wood office furniture from the U.S.?
+
In value terms, Canada ($97M) remains the key foreign market for wood office furniture exports from the U.S., comprising 57% of total exports. The second position in the ranking was occupied by Mexico ($19M), with a 11% share of total exports. It was followed by Kuwait, with a 2.5% share.
What is the average export price for wood office furniture in the U.S.?
+
In 2018, the average wood office furniture export price amounted to $111 per unit, picking up by 7.2% against the previous year.
What is the average import price for wood office furniture in the U.S.?
+
The average wood office furniture import price stood at $73 per unit in 2018, rising by 8.4% against the previous year.

Product coverage:
• NAICS 337211 - Wood office furniture manufacturing

This report provides an in-depth analysis of the wood office furniture market 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:
• Herman Miller
• Knoll
• The Hon Company
• Ofs Brands Holdings
• The Gunlocke Company L L C
• Mayline Company
• Anthro Corporation
• High Point Furniture Industries
• Geiger International
• Case Systems
• Jsj Furniture Corporation
• Watson Furniture Group
• Davis Furniture Industries
• Hickory Business Furniture
• Darran Furniture Industries
• Indiana Furniture Industries
• Marco Display Specialists, GP
• R. T. London Company
• Tuohy Furniture Corporation
• Jasper Seating Company
• Bush Industries of Pennsylvania
• Vaswani
• Frank Chervan
• A. C. Furniture Company
• Paoli LLC
• Innovant
• Arcadia Chair Company
• Kimball Furniture Group
• Anderson Desk
• H S Morgan Limited Partnership
• Geiger Group

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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