Cabinet Sector Remains Top Wood Market for Components

Posted by Karen Koenig | Posted: 02/03/2013 12:44PM

 

click image to zoomWCMA, wood components The cabinet industry remains the largest end-use market for wood component products, followed by the building products industry and furniture industry. This information, along with other trends, is included in the “2012 Dimension & Components Market Study” by the Wood Component Manufacturers Assn.

According to the study, the cabinet industry currently accounts for 36.6% of members’ total business, compared to 33.1% reported for the year prior. The residential cabinetry segment grew 3.3%, to 30.2%, while the commercial cabinetry segment held relatively steady at 6.4%.

Building products — trim, mouldings, millwork, staircase parts, etc. — also grew slightly, up 3.7% to 35.9%. This segment should continue to improve based on forecasts for new housing and remodeling for 2013.

The furniture industry remains the third largest sales segment for dimension and component products despite a 5.7% drop, to 15.2%. Currently, sales appear to be evenly split between household furniture and commercial/office furniture, though the resurgence of companies manufacturing in North America could be a notable factor in the coming year. Expected increases in housing activity are also expected to play a role.

The market for decorative/specialty products dropped slightly to 6.9%, compared to 8.1% sales reported in 2011, while industrial products ­— handles, brush parts, etc. ­— grew slightly to 5.3%.

The majority of dimension and component products being sold are to North American customers. Of those surveyed, 29% said they were exporting products, down sharply from the 63% reported last year. In addition, these companies reported that export sales represented an average of 9.5% of total company sales, down 5.1% from the 14.6% reported last year. When you factor out Canada and the United States as export markets, the next country to top the list is Scandinavia (11.2%), followed by Mexico (10.7%), United Kingdom (8.7%) and China (8.3%).

 

About the Author

Karen M. Koenig

Karen M. Koenig has more than 25 years of experience in the woodworking industry, including visits to wood products manufacturing facilities throughout North America, Europe and Asia. As Editor-in-Chief of Woodworking Network magazine (formerly Wood & Wood Products), Karen’s primary responsibilities include spearheading the writing, editing and coordinating of the editorial content of the publication, along with the Red Book resource guide and the Red Book online source and supply directory (RedBookOnline.com). She is also a frequent contributor to other Woodworking Network online and print media. She can be reached at kkoenig@woodworkingnetwork.com or Google+.

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