Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in the United States - 2023
Contents:
- Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in the United States (CIF) - 2023
- Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in the United States (FOB) - 2022
- Imports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in the United States
- Exports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in the United States
Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in the United States (CIF) - 2023
The average import price for furniture; wooden, other than for office, kitchen or bedroom use stood at $31.8 per unit in December 2023, with an increase of 2.1% against the previous month. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 an increase of 15% month-to-month. The import price peaked at $33.9 per unit in December 2022; however, from January 2023 to December 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Indonesia ($93.4 per unit), while the price for Switzerland ($7.0 per unit) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Brazil (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in the United States (FOB) - 2022
The average export price for furniture; wooden, other than for office, kitchen or bedroom use stood at $202 per unit in 2022, picking up by 50% against the previous year. In general, the export price posted a prominent expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($563 per unit), while the average price for exports to Saint Kitts and Nevis ($13 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+23.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in the United States
In 2022, approx. 183M units of furniture; wooden, other than for office, kitchen or bedroom use were imported into the United States; growing by 28% on the year before. In general, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 85%. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, imports of furniture; wooden, other than for office, kitchen or bedroom use stood at $7.9B in 2022. The total import value increased at an average annual rate of +6.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 24% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to see steady growth in years to come.
| Import of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 1,962 | 2,285 | 2,627 | 2,810 | 12.7% |
| China | 2,116 | 1,359 | 1,648 | 1,350 | -13.9% |
| Mexico | 405 | 441 | 571 | 577 | 12.5% |
| Indonesia | 297 | 284 | 404 | 495 | 18.6% |
| Canada | 343 | 266 | 316 | 390 | 4.4% |
| India | 276 | 231 | 358 | 386 | 11.8% |
| Italy | 237 | 211 | 288 | 356 | 14.5% |
| Malaysia | 231 | 296 | 318 | 327 | 12.3% |
| Thailand | 80.4 | 139 | 156 | 174 | 29.3% |
| Poland | 91.3 | 105 | 158 | 173 | 23.7% |
| Brazil | 52.1 | 68.7 | 83.8 | 87.5 | 18.9% |
| Others | 465 | 414 | 631 | 749 | 17.2% |
| Total | 6,555 | 6,099 | 7,558 | 7,876 | 6.3% |
Top Suppliers of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use to the United States in 2022:
- China (45.8M units)
- Vietnam (32.5M units)
- Italy (18.0M units)
- Canada (13.9M units)
- Malaysia (13.1M units)
- Mexico (10.8M units)
- India (7.8M units)
- Poland (7.0M units)
- Indonesia (5.3M units)
- Thailand (5.2M units)
- Brazil (3.4M units)
Exports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in the United States
In 2022, approx. 2.8M units of furniture; wooden, other than for office, kitchen or bedroom use were exported from the United States; dropping by -32.9% against the previous year's figure. Over the period under review, exports faced a significant decrease. The smallest decline of -19.6% was in 2021. The exports peaked at 8.5M units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, exports of furniture; wooden, other than for office, kitchen or bedroom use reached $573M in 2022. The total export value increased at an average annual rate of +2.3% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 18%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.
| Export of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 319 | 314 | 392 | 384 | 6.4% |
| Mexico | 27.5 | 48.6 | 36.9 | 31.5 | 4.6% |
| Bahamas | 12.9 | 6.7 | 10.4 | 15.9 | 7.2% |
| United Kingdom | 17.8 | 6.9 | 8.3 | 11.2 | -14.3% |
| France | 5.3 | 3.2 | 2.3 | 7.2 | 10.8% |
| Saudi Arabia | 10.4 | 8.3 | 6.6 | 5.6 | -18.6% |
| Netherlands | 2.7 | 1.3 | 4.0 | 5.0 | 22.8% |
| Dominican Republic | 4.0 | 7.0 | 7.3 | 4.8 | 6.3% |
| Japan | 6.1 | 3.4 | 3.4 | 3.1 | -20.2% |
| China | 16.8 | 8.8 | 5.3 | 2.4 | -47.7% |
| Venezuela | 1.2 | 1.0 | 0.8 | 2.2 | 22.4% |
| Saint Kitts and Nevis | 0.6 | 0.8 | 0.7 | 0.8 | 10.1% |
| Others | 111 | 72.9 | 91.4 | 99.9 | -3.5% |
| Total | 536 | 484 | 569 | 573 | 2.2% |
Top Export Markets for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use from the United States in 2022:
- Canada (682.1K units)
- Mexico (546.0K units)
- France (115.9K units)
- United Kingdom (111.3K units)
- Dominican Republic (110.9K units)
- Netherlands (104.0K units)
- Saint Kitts and Nevis (58.5K units)
- Venezuela (56.7K units)
- Japan (47.6K units)
- Bahamas (47.4K units)
- China (36.8K units)
- Saudi Arabia (34.9K units)
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