Wood Millwork Product Market - Brazil Strengthens Its Position on the U.S. Market for Wood Moldings, Wood Flooring, and Other Wood Millwork Products

Products of Wood, Cork, Straw And Plaiting Materials Select July 12, 2016
Author: Sergey Avramenko
Head of Global Markets Research Team

wood millwork product market

Photo: © dolgachov / Bigstockphoto

The U.S. leads the way in global imports of wood moldings, wood flooring, and other wood millwork products, accounting for a 15% share (based on USD). Japan (14%), Germany (7%), and the Republic of Korea (5%) followed. In 2015, U.S. imports on the wood millwork product market totaled 1.78 billion USD, which was 102 million USD (6%) higher than the year before.

From 2007 to 2015, U.S. imports of wood moldings, wood flooring, and other wood millwork products showed mixed dynamics. A significant drop in 2008-2009 continued in 2011 with another 7% fall. The recovery started in 2012 and continued modestly from 2013 to 2015. Despite the growth in the last four years, U.S. imports are still in the recovery phase of the economic cycle. They have to grow another 31% in order to reach the pre-recession level of 2007.

The U.S. remains one of the most attractive destinations for overseas suppliers. In 2015, Brazil and China were the main suppliers of wood moldings, wood flooring, and other wood millwork products into the U.S., with a combined 40% share of total U.S. imports in 2015. Brazil significantly strengthened its position in the U.S. import structure, growing its share from 18% in 2007 to 22% in 2015. By contrast, China saw its share reduced to 18%.

From 2007 to 2015, the U.S. was a net importer of wood moldings, wood flooring, and other wood millwork products. Moreover, net US imports of wood moldings, wood flooring, and other wood millwork products showed an upward trend from 2012 to 2015. In 2015, this industry ran a significant trade deficit of 1.4 billion USD.

U.S. Wood Moldings, Wood Flooring, And Other Wood Millwork Products Imports

Do you want to know more about the U.S. wood millwork product market? Get the latest trends and insight from our report. It includes a wide range of statistics on

  • wood millwork product market share
  • wood millwork product prices
  • wood millwork product industry
  • wood millwork product sales
  • wood millwork product market forecast
  • wood millwork product price forecast
  • key wood millwork product producers

Source: U.S. Wood Moldings, Wood Flooring, And Other Wood Millwork Products Market. Analysis And Forecast to 2020