US imports of wooden furniture rose 6% in January 2023, stemming a steady slide from the record levels set in the summer. The gain was due to increasing imports from India, which were up 38%, and Indonesia, which were up 25%.
Despite small gains for the month from most trading partners, imports from most counties are down versus a year ago. The US$1.8bn in January imports is 15% below the January 2022 figure.
The exception is imports from Canada, which are up 10% from last month and up 8% from the previous January.
For cabinet sales, cabinet manufacturers who participated in the US’ Kitchen Cabinet Manufacturers Association’s (KCMA’s) monthly Trend of Business Survey reported an increase in overall cabinet sales of 6.5% for January 2023 compared to the same month in 2022.
KCMA reported that 2022 sales topped those of 2021 across the board. Overall cabinet sales were up 16.4% for the year, custom sales rose 17.8%, semi-custom gained 17.4%, and stock sales rose 15.5%.
KCMA Survey participants include stock, semi-custom and custom companies whose combined sales represent approximately 75% of the US kitchen cabinet and bath vanity market.