Indonesia: Metal Office Furniture Market 2024

Metal Office Furniture Market Size in Indonesia

The Indonesian metal office furniture market dropped to $X in 2022, shrinking by -9.9% against the previous year. Overall, consumption, however, saw a resilient expansion. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Metal Office Furniture Production in Indonesia

In value terms, metal office furniture production reduced to $X in 2022 estimated in export price. Overall, production, however, posted prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of 45%. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Metal Office Furniture Exports

Exports from Indonesia

In 2022, the amount of metal office furniture exported from Indonesia rose to X tons, growing by 3.5% against the previous year. Overall, total exports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +91.9% against 2016 indices. The pace of growth was the most pronounced in 2021 with an increase of 33%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, metal office furniture exports surged to $X in 2022. In general, exports showed resilient growth. The growth pace was the most rapid in 2021 when exports increased by 50%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for metal office furniture exports from Indonesia, accounting for a 42% share of total exports. Moreover, metal office furniture exports to the United States exceeded the volume sent to the second major destination, Japan (X tons), twofold. Denmark (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled +9.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+11.5% per year) and Denmark (+20.5% per year).

In value terms, the United States ($X) remains the key foreign market for metal office furniture exports from Indonesia, comprising 57% of total exports. The second position in the ranking was taken by Denmark ($X), with a 13% share of total exports. It was followed by Japan, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to +17.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+16.4% per year) and Japan (+12.1% per year).

Export Prices by Country

The average metal office furniture export price stood at $X per ton in 2022, jumping by 20% against the previous year. Over the period under review, export price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal office furniture export price increased by +71.5% against 2015 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 the United States ($X per ton), while the average price for exports to Australia ($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 Timor-Leste (+9.4%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Office Furniture Imports

Imports into Indonesia

Metal office furniture imports into Indonesia contracted remarkably to X tons in 2022, with a decrease of -32% against the previous year's figure. Overall, imports, however, saw a prominent increase. The pace of growth appeared the most rapid in 2016 when imports increased by 94%. Over the period under review, imports reached the peak figure at X tons in 2021, and then fell rapidly in the following year.

In value terms, metal office furniture imports contracted to $X in 2022. Over the period under review, imports, however, continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2016 when imports increased by 85% against the previous year. Imports peaked at $X in 2021, and then reduced in the following year.

Imports by Country

In 2022, China (X tons) was the main metal office furniture supplier to Indonesia, with a 96% share of total imports. It was followed by Malaysia (X tons), with a 1.2% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +17.8%.

In value terms, China ($X) constituted the largest supplier of metal office furniture to Indonesia, comprising 88% of total imports. The second position in the ranking was taken by Malaysia ($X), with a 2.3% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China amounted to +19.7%.

Import Prices by Country

The average metal office furniture import price stood at $X per ton in 2022, growing by 26% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Malaysia ($X per ton), while the price for China totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+5.4%).

Source: IndexBox Platform

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