Cabinet Sales Decline -28.3% in 2009
Monthly Sales Decline -9.8% in December 2009
RESTON, VA . . . According to the Kitchen Cabinet Manufacturers Association’s monthly Trend of Business Survey, participating cabinet manufacturers reported sales totaling $4.8 billion for 2009 down -28.3 percent compared to total sales for 2008. Stock sales were down -24.1 percent; semi-custom sales were down -30.2 percent; and custom sales were down -37.2 percent.
December 2009 monthly sales were down -9.8 percent compared to December 2008. Stock sales were down -16.0 percent; custom sales were down -25.8 percent while semi-custom reported a slight .5 percent increase compared to December 2008 due to participants attributing more sales in the semi-custom sector at the detriment of stock and custom sales, thus reflecting a wider than normal variance between the sectors.
The long tail spin in sales seems to have subsided as sales reported each month reflected a progression of increasing sales volume with December being the best month since November 2007.
Survey participants include stock, semi-custom and custom companies whose combined sales represent well over 60 percent of the fragmented U.S. cabinet market. KCMA is the major trade association for manufacturers of kitchen cabinets and bath vanities, and suppliers of goods and services to the industry. All major U.S. cabinet manufacturing companies belong to KCMA. Sixty-three percent of KCMA cabinet manufacturer members report sales under $10 million annually. KCMA has been collecting industry sales data for over forty years.