Indonesia: Chandelier Market 2024

Chandelier Market Size in Indonesia

In 2022, the Indonesian chandelier market was finally on the rise to reach $X after two years of decline. In general, consumption enjoyed prominent growth. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Chandelier Exports

Exports from Indonesia

After ten years of growth, overseas shipments of chandeliers decreased by -20.7% to X units in 2022. Overall, exports, however, enjoyed a prominent expansion. The growth pace was the most rapid in 2021 when exports increased by 71% against the previous year. As a result, the exports reached the peak of X units, and then shrank rapidly in the following year.

In value terms, chandelier exports soared to $X in 2022. Over the period under review, exports, however, showed a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 131%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

The United States (X units) was the main destination for chandelier exports from Indonesia, accounting for a 14,137% share of total exports. Moreover, chandelier exports to the United States exceeded the volume sent to the second major destination, Vietnam (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at +64.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+23.9% per year) and Singapore (+49.9% per year).

In value terms, the United States ($X) remains the key foreign market for chandeliers exports from Indonesia, comprising 67% of total exports. The second position in the ranking was held by Vietnam ($X), with a 13% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States stood at +47.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+22.0% per year) and Singapore (+41.1% per year).

Export Prices by Country

The average chandelier export price stood at $X per unit in 2022, picking up by 184% against the previous year. Over the period under review, the export price showed a significant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per unit), while the average price for exports to the United States ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (-1.5%), while the prices for the other major destinations experienced a decline.

Chandelier Imports

Imports into Indonesia

In 2022, purchases abroad of chandeliers was finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Overall, imports showed a prominent expansion. The pace of growth appeared the most rapid in 2017 with an increase of 107% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, chandelier imports skyrocketed to $X in 2022. In general, total imports indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +39.5% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of 46% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X units) was the main supplier of chandelier to Indonesia, accounting for a 225% share of total imports. Moreover, chandelier imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X units), more than tenfold. The third position in this ranking was held by Thailand (X units), with a 2.7% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +7.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-2.5% per year) and Thailand (-10.1% per year).

In value terms, China ($X) constituted the largest supplier of chandeliers to Indonesia, comprising 91% of total imports. The second position in the ranking was taken by Malaysia ($X), with a 2.7% share of total imports. It was followed by Thailand, with a 0.8% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +7.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-5.9% per year) and Thailand (-13.8% per year).

Import Prices by Country

The average chandelier import price stood at $X per unit in 2022, falling by -13.5% against the previous year. Overall, the import price continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2021 an increase of 113% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+6.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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