Indonesia: Plastic Furniture Market 2024

Plastic Furniture Market Size in Indonesia

The Indonesian plastic furniture market stood at $X in 2021, increasing by 3% against the previous year. Overall, the total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +75.4% against 2013 indices. Plastic furniture consumption peaked in 2021 and is expected to retain growth in the near future.

Plastic Furniture Production in Indonesia

In value terms, plastic furniture production amounted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.7% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2014 when the production volume increased by 13% against the previous year. Plastic furniture production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Plastic Furniture Exports

Exports from Indonesia

In 2021, after six years of decline, there was significant growth in shipments abroad of furniture of plastic, when their volume increased by 21% to X units. Over the period under review, exports, however, continue to indicate a deep setback. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, plastic furniture exports skyrocketed to $X in 2021. In general, exports, however, continue to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2014 when exports increased by 42% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for plastic furniture exports from Indonesia, with a 34% share of total exports. Moreover, plastic furniture exports to the United States exceeded the volume sent to the second major destination, Timor-Leste (X units), threefold. The third position in this ranking was taken by Australia (X units), with a 7.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to +6.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Timor-Leste (+0.4% per year) and Australia (-6.8% per year).

In value terms, the United States ($X) remains the key foreign market for plastic furniture exports from Indonesia, comprising 42% of total exports. The second position in the ranking was taken by Germany ($X), with an 8.3% share of total exports. It was followed by the Netherlands, with a 7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to +14.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-1.0% per year) and the Netherlands (-2.5% per year).

Export Prices by Country

In 2021, the average plastic furniture export price amounted to $X per unit, increasing by 13% against the previous year. Overall, export price indicated a buoyant increase from 2012 to 2021: its price increased at an average annual rate of +7.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, plastic furniture export price increased by +25.3% against 2019 indices. The pace of growth appeared the most rapid in 2014 when the average export price increased by 22%. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Timor-Leste ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+10.7%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Furniture Imports

Imports into Indonesia

For the sixth consecutive year, Indonesia recorded growth in supplies from abroad of furniture of plastic, which increased by 6.1% to X units in 2021. In general, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2016 when imports increased by 154% against the previous year. Over the period under review, imports attained the maximum in 2021 and are likely to see gradual growth in the immediate term.

In value terms, plastic furniture imports amounted to $X in 2021. Over the period under review, imports recorded prominent growth. The growth pace was the most rapid in 2016 when imports increased by 112%. Over the period under review, imports attained the peak figure in 2021 and are likely to continue growth in years to come.

Imports by Country

In 2021, China (X units) was the main supplier of plastic furniture to Indonesia, accounting for a 94% share of total imports. Moreover, plastic furniture imports from China exceeded the figures recorded by the second-largest supplier, Singapore (X units), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +24.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+39.4% per year) and Malaysia (-11.9% per year).

In value terms, China ($X) constituted the largest supplier of plastic furniture to Indonesia, comprising 93% of total imports. The second position in the ranking was taken by Singapore ($X), with a 3.6% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China stood at +17.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+21.2% per year) and Malaysia (-7.8% per year).

Import Prices by Country

The average plastic furniture import price stood at $X per unit in 2021, picking up by 7.3% against the previous year. Overall, the import price, however, continues to indicate a deep slump. The pace of growth appeared the most rapid in 2017 an increase of 44% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, the country with the highest price was Malaysia ($X per unit), while the price for Singapore ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+4.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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