KCMA NOVEMBER 2020 TRADE UPDATE FROM LUKE MEISNER, SCHAGRIN ASSOCIATES
Trade Statistics. The U.S. Department of Commerce (“Commerce”) has published the most recent U.S. import statistics, which include data for November 2020. As can be seen from the chart below, imports of Chinese cabinets and vanities continue to be way down since the imposition of antidumping and countervailing (AD/CVD) duties. After peaking at almost $160 million per month in December 2018, imports from China plummeted dramatically and have hovered at only $6 million per month from June 2020 to November 2020 after the final AD/CVD duties were imposed. This shows that the AD/CVD duties are continuing to provide strong overall relief to American kitchen cabinet manufacturers.
Imports of cabinets and vanities from the rest of the world have plateaued at an average of roughly $140 million a month since June 2020.
Vietnam, Malaysia, and Indonesia continue to be largest new sources of cabinets and vanities after the imposition of AD/CVD duties on imports from China. Focusing specifically on the increase in imports of kitchen cabinets from the first 11 months of 2019 to the first 11 months of 2020, imports from Vietnam grew by 896% to $347 million, imports from Malaysia grew by 860% to $310 million, and imports from Indonesia grew by 1951% to$ 77 million.
Imports from Mexico, Taiwan, and Cambodia have also increase significantly since the imposition of AD/CVD duties.