The U.S. imported US$18.5 billion worth of wooden furniture in 2017, 11% more than in 2016. Imports from all key supplier countries increased. China accounted for 47% of all wooden furniture imports in 2017, followed by Vietnam with 20%. The strongest growth rate was in imports from Vietnam and India.
US imports of all types of furniture increased in 2017. The strongest growth was in imports of kitchen furniture, upholstered seating and office furniture.
Retail sales at furniture stores were almost unchanged in the last two months of 2017 according to US Census figures. The advance retail estimate for January 2018 indicates retail sales of furniture and home furnishings to be 5% higher than in January 2017.
The latest Smith Leonard survey of US residential furniture manufacturers and distributors reports the following growth figures for November 2017: New furniture orders increased 11% compared to November 2016. Furniture shipments were up 4% year-to-date from November last year.
Both the furniture industry and wood product manufacturing reported contraction in January, according the Institute for Supply Management. Most other US manufacturing industries reported growth during the period.
US kitchen cabinet manufacturers reported a 2.9% increase in sales in 2017, according to the Kitchen Cabinet Manufacturers Association’s monthly Trend of Business Survey. Participating cabinet manufacturers reported total sales of US$6.9 billion for 2017. Participants in the business survey represent about 70% of the U.S. cabinet market.