Indonesia: Linoleum Market 2024

Linoleum Market Size in Indonesia

In 2021, the Indonesian linoleum market was finally on the rise to reach $X for the first time since 2012, thus ending a eight-year declining trend. Overall, consumption, however, showed a abrupt contraction. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Linoleum Production in Indonesia

In value terms, linoleum production totaled $X in 2021 estimated in export price. In general, production, however, recorded a deep slump. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Linoleum Exports

Exports from Indonesia

In 2021, overseas shipments of linoleum were finally on the rise to reach X square meters for the first time since 2016, thus ending a four-year declining trend. In general, exports, however, continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2014 when exports increased by 113% against the previous year. The exports peaked at X square meters in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, linoleum exports skyrocketed to $X in 2021. Overall, exports, however, saw a noticeable decrease. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The Philippines (X square meters) was the main destination for linoleum exports from Indonesia, with a 90% share of total exports. Moreover, linoleum exports to the Philippines exceeded the volume sent to the second major destination, Malaysia (X square meters), more than tenfold. The third position in this ranking was taken by Australia (X square meters), with a 0.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Philippines amounted to -3.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (-13.4% per year) and Australia (-28.0% per year).

In value terms, the Philippines ($X) remains the key foreign market for linoleum exports from Indonesia, comprising 78% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 12% share of total exports. It was followed by Singapore, with a 2.4% share.

From 2012 to 2021, the average annual growth rate of value to the Philippines amounted to +14.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (-9.5% per year) and Singapore (-32.8% per year).

Export Prices by Country

The average linoleum export price stood at $X per square meter in 2021, growing by 22% against the previous year. Over the period under review, export price indicated pronounced growth from 2012 to 2021: its price increased at an average annual rate of +3.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, linoleum export price increased by +78.6% against 2016 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+18.8%), while the prices for the other major destinations experienced more modest paces of growth.

Linoleum Imports

Imports into Indonesia

In 2021, overseas purchases of linoleum increased by 39% to X square meters for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports, however, continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2018 when imports increased by 338%. As a result, imports attained the peak of X square meters. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, linoleum imports soared to $X in 2021. Overall, imports, however, saw a deep downturn. The growth pace was the most rapid in 2018 when imports increased by 224% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, South Korea (X square meters) constituted the largest supplier of linoleum to Indonesia, accounting for a 40% share of total imports. Moreover, linoleum imports from South Korea exceeded the figures recorded by the second-largest supplier, the UK (X square meters), threefold. The third position in this ranking was taken by Turkey (X square meters), with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from South Korea amounted to -19.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+21.3% per year) and Turkey (-34.0% per year).

In value terms, the largest linoleum suppliers to Indonesia were South Korea ($X), the UK ($X) and Turkey ($X), together comprising 61% of total imports.

In terms of the main suppliers, the UK, with a CAGR of +25.5%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average linoleum import price stood at $X per square meter in 2021, reducing by -11.2% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of 43%. Over the period under review, average import prices reached the peak figure at $X per square meter in 2020, and then declined in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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