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The Business and Institutional Furniture Manufacturer's Association reports office furniture production is forecast to increase 6.3% in 2011, reaching $8.9 billion. Production in 2010 was $8.2 billion. Office furniture consumption in 2010 was $9.8 billion, and consumption in 2011 is predicted to reach $10.8 billion.
The statistics are based on the IHS Global Insight industry forecast model, which is adjusted to focus on the value of the U.S. office furniture market defined by consumption rather than as the historical and traditional shipments, or production. This change was due to the increasing significance of international trade and its impact on the domestic market.
BIFMA has lowered its 2010 projections from earlier this year. The IHS Global Insight industry forecast model was adjusted to focus on the value of the U.S. office furniture market defined as consumption rather than as the historical and traditional shipments, or production.
This change was due to the increasing significance of international trade and its impact on the domestic market.
2009 Production: $7.79 billion Percent change: -30.2%Consumption: $9.22 billion Percent change: -29.0%
2010 Production: $7.43 billionPercent Change: -4.6%Consumption: $9.04 billionPercent Change: -1.9%
According to The Business and Institutional Furniture Manufacturers Association (BIFMA) Global Industry forecast model, U.S. office furniture shipments are expected to drop 31 percent this year, to $7.7 billion, when compared with 2008.
The decline in U.S. shipments is expected to slow to just 1 percent, at $7.6 billion, next year.
Until recently, Canada was the largest importer of office furniture into the U.S. decreasing from about 62 percent in 2000 to around 40 percent in 2009, while China has increased its share to about the same from less than 13 percent in 2000.
The overall Wood and Non-Wood product mix remains relatively constant at approximately 25 percent wood product and 75 percent non-wood product.
