Report Update: May 1, 2024

U.S. Upholstered Household Furniture Market. Analysis And Forecast to 2030

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Upholstered Household Furniture Price in the United States - 2023

Upholstered Household Furniture Price in the United States (CIF) - 2023

The average upholstered household furniture import price stood at $4,577 per ton in August 2023, picking up by 3.2% against the previous month. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 6.7% against the previous month. Over the period under review, average import prices attained the maximum at $4,989 per ton in March 2023; however, from April 2023 to August 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Mexico ($11,469 per ton), while the price for Malaysia ($2,360 per ton) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Vietnam (+1.3%), while the prices for the other major suppliers experienced a decline.

Upholstered Household Furniture Price in the United States (FOB) - 2023

The average upholstered household furniture export price stood at $92,476 per ton in August 2023, surging by 3.1% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.7%. The most prominent rate of growth was recorded in January 2023 an increase of 17% month-to-month. The export price peaked in August 2023.

There were significant differences in the average prices for the major overseas markets. In August 2023, the country with the highest price was Saudi Arabia ($170K per ton), while the average price for exports to Mexico ($71,237 per ton) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+5.9%), while the prices for the other major destinations experienced mixed trend patterns.

Upholstered Household Furniture Imports in the United States

After three years of growth, purchases abroad of upholstered household furniture decreased by -16.1% to 1.5M tons in 2022. Over the period under review, imports, however, posted a remarkable increase. The pace of growth appeared the most rapid in 2021 with an increase of 32%. As a result, imports attained the peak of 1.8M tons, and then shrank significantly in the following year.

In value terms, upholstered household furniture imports dropped to $7.3B in 2022. In general, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +11.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +38.2% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 41%. As a result, imports attained the peak of $7.7B, and then reduced in the following year.

Import of Upholstered Household Furniture in the United States (Million USD)
COUNTRY	2020	2021	2022	CAGR, 2020-2022
Vietnam	2,150	3,021	2,619	10.4%
China	2,303	3,006	2,605	6.4%
Mexico	271	543	690	59.6%
Italy	146	226	289	40.7%
Cambodia	104	191	197	37.6%
Malaysia	143	152	181	12.5%
Thailand	79.2	139	159	41.7%
Others	292	461	523	33.8%
Total	5,489	7,741	7,264	15.0%

Top Suppliers of Upholstered Household Furniture to the United States in 2022:

China (640.4K tons)
Vietnam (542.2K tons)
Malaysia (83.2K tons)
Mexico (55.7K tons)
Thailand (25.9K tons)
Italy (23.7K tons)
Cambodia (22.3K tons)

Upholstered Household Furniture Exports in the United States

In 2022, exports of upholstered household furniture from the United States reached 10K tons, growing by 4.1% compared with 2021 figures. Overall, exports posted a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of 33% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, upholstered household furniture exports surged to $755M in 2022. In general, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +12.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +57.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 31% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

Export of Upholstered Household Furniture in the United States (Million USD)
COUNTRY	2020	2021	2022	CAGR, 2020-2022
Canada	371	505	609	28.1%
Mexico	27.9	25.6	28.6	1.2%
Saudi Arabia	14.5	13.1	10.8	-13.7%
Others	66.9	86.4	107	26.5%
Total	480	630	755	25.4%

Top Export Markets for Upholstered Household Furniture from the United States in 2022:

Canada (8.4K tons)
Mexico (0.5K tons)
Saudi Arabia (0.1K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the upholstered household 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 2030.

Product coverage:

NAICS 337121 - Upholstered household furniture manufacturing

Companies mentioned:

La-Z-Boy Incorporated
Flexsteel Industries
The Mitchell Gold Co
Lexington Furniture Industries
LFI Wind Down, Rowe Furniture
Klaussner Furniture Industries
United Furniture Industries
Jonathan Louis International
Albany Industries
Sherrill Furniture Company
Brown Jordan International
Best Chairs Incorporated
H.M. Richards
Southern Motion
Corinthian
Hughes Furniture Industries
Jackson Furniture Industries
Hancock & Moore
Fairfield Chair Company
Franklin Corporation
Bauhaus Furniture Group
Rowe Furniture Corporation
Rowe Fine Furniture
Century Furniture
McCreary Modern
Cleveland Chair Company
England
Klaussner Corporation
Samson Investment Holding
Lzb Manufacturing
Trp Acquisition

Country coverage:

United States

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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023