BUSINESS Dovetailing on the uptick in the housing and remodeling markets, consumer spending for U.S. manufactured residential furniture reached in $17.8 billion 2012. This figures looks to trend upward as reshoring efforts by domestic manufacturers continues to slow the tide of imports.
Year-to-date (July 2014, seasonally adjusted) figures by the U.S. Census Bureau show exports of furniture and household goods at $2.9 billion, up 4.7% compared to 2013. Imports grew at a slightly higher rate, up 9.5% to $16.8 billion year-to-date. It is hoped that the imbalance will slow as U.S. manufacturers continue ramp up their production and become more price competitive.
In addition to competition from low-cost imports, furniture flammability, formaldehyde emissions and sustainability/Lacey Act are still among the issues impacting the estimated 4,000 residential furniture manufacturing firms in the United States.
BREAKDOWN OF PRODUCTS BY SHIPMENT DOLLARS 5.6% Household Other 59% Upholstered 23.2% Non-Upholstered Wood 12.2% Metal Source: U.S. Census Bureau 2012 Economic Census: Industrr Snapshot
$17.8 billion: 2012 sales of household furniture made in the USA.
U.S. employment is estimated at 99,700 jobs.
Estimated 4,000 household furniture firms in U.S. (2012)
U.S. RESIDENTIAL FURNITURE INDUSTRY (2o,2) Type of Manufacturing Total # of Shipments Payroll Firms ($ Millions) ($ Millions) Upholstered 1,228 10,484 1,783 Non-Upholstered Wood 2,421 4,128 961 Metal 294 2,169 351 Household Other 202 987 118 Type of Manufacturing Employment Employees/ Firm Upholstered 55,586 45.3 Non-Upholstered Wood 31,514 13.0 Metal 9,485 32.3 Household Other 3,118 15.4 Source: U.S. Census Bureau 2012 Economic Census: Industry Snapshot
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|Date:||Oct 1, 2014|
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