Indonesia: Wooden Furniture Treatments Market 2024

Wooden Furniture Treatments Market Size in Indonesia

The Indonesian wooden furniture treatments market totaled $X in 2022, surging by 1.6% against the previous year. Over the period under review, consumption continues to indicate a perceptible decrease. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Wooden Furniture Treatments Production in Indonesia

In value terms, wooden furniture treatments production amounted to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a noticeable slump. The pace of growth was the most pronounced in 2015 with an increase of 35%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Wooden Furniture Treatments Exports

Exports from Indonesia

In 2022, shipments abroad of polishes and creams for wooden furniture and floors decreased by -32.9% to X tons, falling for the third consecutive year after four years of growth. In general, exports recorded a deep contraction. The pace of growth appeared the most rapid in 2019 with an increase of 440% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, wooden furniture treatments exports stood at $X in 2022. Overall, exports saw a deep downturn. The most prominent rate of growth was recorded in 2014 with an increase of 76% against the previous year. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Singapore (X tons) was the main destination for wooden furniture treatments exports from Indonesia, accounting for a 64% share of total exports. Moreover, wooden furniture treatments exports to Singapore exceeded the volume sent to the second major destination, Brunei Darussalam (X tons), fourfold. The third position in this ranking was held by Hong Kong SAR (X tons), with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Singapore stood at -4.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brunei Darussalam (-12.5% per year) and Hong Kong SAR (+14.2% per year).

In value terms, Singapore ($X) remains the key foreign market for polishes and creams for wooden furniture and floors exports from Indonesia, comprising 71% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 17% share of total exports. It was followed by Brunei Darussalam, with a 9.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Singapore stood at -3.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+14.5% per year) and Brunei Darussalam (-7.1% per year).

Export Prices by Country

In 2022, the average wooden furniture treatments export price amounted to $X per ton, surging by 56% against the previous year. Over the period under review, the export price saw a buoyant increase. The most prominent rate of growth was recorded in 2020 an increase of 484%. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Northern Mariana Islands ($X per ton), while the average price for exports to Timor-Leste ($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 Germany (+19.0%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Furniture Treatments Imports

Imports into Indonesia

In 2022, imports of polishes and creams for wooden furniture and floors into Indonesia reduced to X tons, declining by -6.8% on the previous year's figure. In general, imports, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2013 with an increase of 78% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, wooden furniture treatments imports contracted notably to $X in 2022. Over the period under review, imports, however, showed a tangible increase. The pace of growth was the most pronounced in 2016 with an increase of 82%. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Japan (X tons) constituted the largest wooden furniture treatments supplier to Indonesia, with a 82% share of total imports. Moreover, wooden furniture treatments imports from Japan exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), more than tenfold. Denmark (X tons) ranked third in terms of total imports with a 4.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Japan stood at +13.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+22.0% per year) and Denmark (+5.0% per year).

In value terms, Japan ($X) constituted the largest supplier of polishes and creams for wooden furniture and floors to Indonesia, comprising 74% of total imports. The second position in the ranking was taken by Denmark ($X), with a 15% share of total imports. It was followed by Taiwan (Chinese), with a 5.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Japan stood at +3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+12.2% per year) and Taiwan (Chinese) (-6.5% per year).

Import Prices by Country

In 2022, the average wooden furniture treatments import price amounted to $X per ton, with a decrease of -32.2% against the previous year. Overall, the import price continues to indicate a deep setback. The most prominent rate of growth was recorded in 2018 an increase of 27% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 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 Denmark ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+25.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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