Household Furniture Market in the United States
In value terms, household furniture production rose markedly to $ in . Over the period under review, the total production indicated a buoyant expansion from 2013 to : its value increased at an average annual rate of +% over the last eight-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production decreased by -% against 2018 indices. The pace of growth was the most pronounced in 2017 when the production volume increased by %. Over the period under review, production attained the peak level at $ in 2018; however, from 2019 to , production remained at a lower figure.
The size of the household furniture market in the United States rose significantly to $ in , growing 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). Over the period under review, consumption recorded a significant expansion. Over the period under review, the market reached the maximum level in and is likely to see gradual growth in the immediate term.