Overview of the Market for Nonupholstered Wood Household Furniture in the USA
In value terms, nonupholstered wood household furniture production reduced modestly to $ in 2019. Overall, production continues to indicate a perceptible shrinkage. The growth pace was the most rapid in 2016 when the production volume increased by % y-o-y. Nonupholstered wood household furniture production peaked at $ in 2007; however, from 2008 to 2019, production stood at a somewhat lower figure.
The value of the nonupholstered wood household furniture market in the U.S. dropped slightly to $ in 2019, reducing by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated a modest increase from 2007 to 2019: its value decreased at an average annual rate of -% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption increased by +% against 2009 indices. The pace of growth was the most pronounced in 2018 with an increase of % against the previous year. As a result, consumption reached the peak level of $, and then reduced slightly in the following year.