Indonesia: Market for Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows) 2024

Market Size for Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows) in Indonesia

The Indonesian bedding and furnishing article market was finally on the rise to reach $X in 2022, after two years of decline. Over the period under review, consumption posted a significant increase. Bedding and furnishing article consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows) in Indonesia

In value terms, bedding and furnishing article production shrank to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.2% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 with an increase of 39%. Bedding and furnishing article production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows)

Exports from Indonesia

After two years of growth, shipments abroad of bedding and furnishing articles (quilts, eiderdowns, cushions, pouffes and pillows) decreased by -0.2% to X tons in 2022. Over the period under review, total exports indicated a noticeable expansion from 2012 to 2022: its volume increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +80.6% against 2019 indices. The pace of growth was the most pronounced in 2020 when exports increased by 61% against the previous year. The exports peaked at X tons in 2021, and then contracted in the following year.

In value terms, bedding and furnishing article exports amounted to $X in 2022. Overall, exports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2017 with an increase of 44% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.

Exports by Country

The United States (X tons) was the main destination for bedding and furnishing article exports from Indonesia, with a 24% share of total exports. Moreover, bedding and furnishing article exports to the United States exceeded the volume sent to the second major destination, Singapore (X tons), threefold. The third position in this ranking was taken by France (X tons), with a 7.1% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at +24.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+13.5% per year) and France (+22.6% per year).

In value terms, the United States ($X), Germany ($X) and Japan ($X) constituted the largest markets for bedding and furnishing article exported from Indonesia worldwide, together accounting for 37% of total exports.

Among the main countries of destination, the United States, with a CAGR of +26.0%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average bedding and furnishing article export price amounted to $X per ton, picking up by 13% against the previous year. Over the period under review, export price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, bedding and furnishing article export price increased by +6.4% against 2019 indices. The growth pace was the most rapid in 2017 when the average export price increased by 52%. The export price peaked in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Timor-Leste ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+11.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows)

Imports into Indonesia

Bedding and furnishing article imports into Indonesia surged to X tons in 2022, jumping by 18% compared with 2021 figures. Over the period under review, imports saw prominent growth. The pace of growth was the most pronounced in 2017 with an increase of 66%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, bedding and furnishing article imports soared to $X in 2022. In general, imports saw strong growth. The growth pace was the most rapid in 2017 with an increase of 120%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of bedding and furnishing article to Indonesia, with a 85% share of total imports. Moreover, bedding and furnishing article imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), tenfold.

From 2012 to 2022, the average annual growth rate of volume from China stood at +16.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+23.7% per year) and Singapore (+5.7% per year).

In value terms, China ($X) constituted the largest supplier of bedding and furnishing articles (quilts, eiderdowns, cushions, pouffes and pillows) to Indonesia, comprising 90% of total imports. The second position in the ranking was held by Malaysia ($X), with a 2.8% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China amounted to +16.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+15.3% per year) and Singapore (+1.0% per year).

Import Prices by Country

In 2022, the average bedding and furnishing article import price amounted to $X per ton, surging by 1.9% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 33% against the previous year. As a result, import price reached the peak level of $X per ton. From 2018 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+0.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform