Decline in U.S. Kitchen Cabinet Sales for December 2023
The Kitchen Cabinet Manufacturers Association (KCMA) reported a notable decline in U.S. kitchen cabinet sales for December 2023, down 13.2 percent compared to December 2022. Total sales for the month reached $201.6 million, highlighting ongoing challenges facing the industry.
Key Sales Figures
- Custom Sales: Custom kitchen cabinet sales totaled $57.2 million, representing a 10.2 percent decrease from December 2022. This segment, known for high-quality, tailor-made cabinetry, experienced reduced demand.
- Semi-Custom Sales: Semi-custom cabinet sales declined 16.3 percent to $111.7 million, reflecting pressure on mid-range cabinetry offerings.
- Stock Sales: Stock cabinets recorded a 6.9 percent decrease, with total sales of $32.7 million.
Year-to-Date Performance
For the year ending December 2023, overall sales for survey participants declined 2.3 percent, totaling $2.8 billion. Annual performance by category included:
- Custom Sales: Increased 5 percent to $768.0 million.
- Semi-Custom Sales: Rose slightly by 0.5 percent to $1.6 billion.
- Stock Sales: Declined significantly by 19.4 percent to $453.1 million.
Market Estimates and KCMA’s Role
Estimated total market sales for December 2023 were reported at approximately $1.2 billion, while full-year estimated market sales reached roughly $17 billion. These figures illustrate the overall size of the U.S. kitchen cabinet industry and the impact of December’s downturn on annual performance.
KCMA, which represents kitchen cabinet and bath vanity manufacturers along with key industry suppliers, has compiled and reported industry sales data for more than 40 years. Its monthly Trend of Business member survey provides critical insights into market conditions, economic pressures, and evolving industry trends.
Conclusion
The 13.2 percent decline in U.S. kitchen cabinet sales for December 2023 underscores the challenges created by economic uncertainty and shifting consumer behavior. While custom and semi-custom cabinetry showed relative resilience over the full year, the sharp drop in stock cabinet sales points to broader market headwinds. As manufacturers adjust to these conditions, KCMA’s data will remain an essential resource for navigating a changing marketplace.
