Wood Components Market Study: Usage Trends & Species

Posted by Karen Koenig | Posted: 07/02/2013 2:21PM

 

click image to zoomWCMA, wood components, Wood Component Manufacturers AssociationA look at some of the popular species for wood components and their usage trends. For the fifth straight year, the cabinet industry remains the largest end-use market for wood component products, although its market share is falling. Second largest is building products industry followed by the furniture industry. These and other trends are in the “2013 Dimension & Components Market Study” by the Wood Component Manufacturers Association.

According to the study, the cabinet industry currently accounts for 28.2% of WCMA members’ total business in 2012, compared to 36.5% reported previously. The residential cabinetry segment declined 5.9%, to 24.3% and the commercial cabinetry segment dropped 2.5%, to 3.9%.

Though still significant, sales to the building products industry — trim, mouldings, millwork, staircase parts, etc. — declined 9.5% in 2012 to 26.4%. However, the long-term trend is still positive, as an improving economic environment bodes well for new housing and remodeling projects.

The furniture industry remains the third largest sales segment for dimension and component products, rising 7.7% to 22.9%. Inshoring of manufacturing and improved housing conditions factor in on the gains.

The market for decorative/specialty products also grew, reaching 12.1% compared to 6.9% in 2012. Industrial products ­— handles, brush parts, etc. ­— represented 10.2% of the total, up from 5.3% in 2012.

The majority of dimension and component products being sold are to North American customers. Of those surveyed, 45% said they were exporting products, up sharply from 29% noted last year. They also reported that exports represented an average of 8% of total company sales.

At 28%, China was the top market among U.S. WCMA exporting members, followed by Canada at 24%.

 

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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