Indonesia: Carpet Market 2024

Carpet Market Size in Indonesia

The Indonesian carpet market rose slightly to $X in 2022, surging by X% against the previous year. In general, consumption, however, showed a relatively flat trend pattern. Carpet consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Carpet Production in Indonesia

In value terms, carpet production rose slightly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Carpet production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Carpet Exports

Exports from Indonesia

In 2022, shipments abroad of carpets and other textile floor coverings decreased by X% to X square meters, falling for the sixth year in a row after five years of growth. In general, exports showed a pronounced setback. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. As a result, the exports attained the peak of X square meters. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, carpet exports shrank sharply to $X in 2022. Overall, exports recorded a deep downturn. The pace of growth was the most pronounced in 2021 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X square meters) was the main destination for carpet exports from Indonesia, accounting for a X% share of total exports. Moreover, carpet exports to the United States exceeded the volume sent to the second major destination, Japan (X square meters), twofold. Malaysia (X square meters) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (X% per year) and Malaysia (X% per year).

In value terms, the United States ($X) remains the key foreign market for carpets and other textile floor coverings exports from Indonesia, comprising X% of total exports. The second position in the ranking was taken by India ($X), with a X% share of total exports. It was followed by Japan, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (X% per year) and Japan (X% per year).

Export Prices by Country

The average carpet export price stood at $X per square meter in 2022, shrinking by X% against the previous year. Over the period under review, the export price saw a perceptible decrease. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. The export price peaked at $X per square meter in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Philippines ($X per square meter), while the average price for exports to Myanmar ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (X%), while the prices for the other major destinations experienced a decline.

Carpet Imports

Imports into Indonesia

In 2022, overseas purchases of carpets and other textile floor coverings decreased by X% to X square meters, falling for the third consecutive year after two years of growth. Overall, imports faced a abrupt slump. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X square meters in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, carpet imports declined notably to $X in 2022. Over the period under review, imports saw a deep reduction. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Turkey (X square meters) constituted the largest supplier of carpet to Indonesia, with a X% share of total imports. Moreover, carpet imports from Turkey exceeded the figures recorded by the second-largest supplier, Japan (X square meters), threefold. China (X square meters) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Turkey totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and China (X% per year).

In value terms, the largest carpet suppliers to Indonesia were Turkey ($X), Japan ($X) and China ($X), with a combined X% share of total imports. Thailand, Iran and Malaysia lagged somewhat behind, together comprising a further X%.

Iran, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average carpet import price stood at $X per square meter in 2022, shrinking by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per square meter in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per square meter), while the price for Malaysia ($X per square meter) was amongst the lowest.

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

Source: IndexBox Platform

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