China, the United States and Vietnam are the three main suppliers of wooden furniture to Canada, accounting for 67.2% of Canada’s total import value.
According to Statistics Canada, in April 2022, the value of Canada’s wooden furniture imports reached $ 260.3 million, an increase of 18% compared to April 2021. Generally, in the first 4 months of 2022, Canada’s wooden furniture import value reached $881.7 million, up 4% over the same period in 2021.
China, the United States and Vietnam are the three main suppliers of wooden furniture to Canada, accounting for 67.2% of Canada’s total import value. In particular, Canada increased the proportion of imports from the United States, but decreased imports from China and Vietnam.
The United States is a market with a close geographical distance and close trade relationship with the Canadian market, in the context of the armed conflict between Russia and Ukraine making it difficult to transport goods, so Canada increased imports from the United States instead of China and Vietnam in the first months of 2022. However, US furniture production is showing signs of slowing down due to supply chain disruptions. This will be an opportunity for the main supplying markets, China and Vietnam, to increase their market share in Canada in the near future.
Wooden frame chairs are the main products Canada imported in the first 4 months of 2022, reaching 372.4 million USD, up 11% over the same period in 2021. In which, Canada imported the most wooden frame chairs from China with 150 ,4 million USD, down 10.9% over the same period in 2021. Followed by the US market with 102.6 million USD, up 48.6%; Vietnam reached 44.2 million USD, down 8.8%…
Living room and dining room furniture is the second largest product imported by Canada in the first 4 months of 2022, reaching $258.7 million, down 4.5% over the same period in 2021, accounting for 29.3% of the total value. Canadian wooden furniture import prices. Canada imports this item mainly from China, Vietnam and the United States.
Notably, the main imported Canadian products are those in which Vietnam has strengths. However, the proportion of imports from Vietnam of these products is still very low, of which wooden frame chairs imported from Vietnam only account for 11.9% of the total import value of Canadian wooden frame chairs and living room furniture. and dining rooms accounted for 16.9% of the total value of Canada’s imports of living room and dining room furniture.
Making the most of the benefits gained from the CPTPP Agreement, Vietnamese wooden furniture products will penetrate deeply into the Canadian market. Exploiting this market well, Vietnam’s wooden furniture products also have the opportunity to promote to other markets in North America, because Canada is considered a gateway to enter North America.
