Indonesia: Assembled Parquet Panels Market 2024

Assembled Parquet Panels Market Size in Indonesia

The Indonesian assembled parquet panels market dropped to $X in 2021, waning by -9.4% against the previous year. The market value increased at an average annual rate of +2.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Assembled parquet panels consumption peaked at $X in 2020, and then declined in the following year.

Assembled Parquet Panels Production in Indonesia

In value terms, assembled parquet panels production shrank to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.6% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the production volume increased by 20% against the previous year. Assembled parquet panels production peaked at $X in 2020, and then fell in the following year.

Assembled Parquet Panels Exports

Exports from Indonesia

In 2021, shipments abroad of assembled parquet panels was finally on the rise to reach X tons after three years of decline. In general, total exports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +5.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 64%. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

In value terms, assembled parquet panels exports skyrocketed to $X in 2021. Over the period under review, total exports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of 74%. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

The United States (X tons) was the main destination for assembled parquet panels exports from Indonesia, accounting for a 48% share of total exports. Moreover, assembled parquet panels exports to the United States exceeded the volume sent to the second major destination, Australia (X tons), fivefold. Canada (X tons) ranked third in terms of total exports with a 5.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled +13.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+11.5% per year) and Canada (+24.1% per year).

In value terms, the United States ($X) remains the key foreign market for assembled parquet panels exports from Indonesia, comprising 45% of total exports. The second position in the ranking was held by Australia ($X), with a 13% share of total exports. It was followed by Canada, with a 4.5% share.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +13.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+14.2% per year) and Canada (+22.7% per year).

Export Prices by Country

In 2021, the average assembled parquet panels export price amounted to $X per ton, remaining relatively unchanged against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 6.2%. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was France ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (+2.8%), while the prices for the other major destinations experienced more modest paces of growth.

Assembled Parquet Panels Imports

Imports into Indonesia

Assembled parquet panels imports into Indonesia surged to X tons in 2021, with an increase of 66% against 2020. In general, imports posted a resilient increase. The pace of growth appeared the most rapid in 2015 with an increase of 98%. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, assembled parquet panels imports soared to $X in 2021. Over the period under review, imports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 98% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the near future.

Imports by Country

In 2021, China (X tons) constituted the largest assembled parquet panels supplier to Indonesia, accounting for a 43% share of total imports. Moreover, assembled parquet panels imports from China exceeded the figures recorded by the second-largest supplier, Singapore (X tons), threefold. The third position in this ranking was held by the United States (X tons), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +12.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+4.7% per year) and the United States (+7.0% per year).

In value terms, the largest assembled parquet panels suppliers to Indonesia were the United States ($X), China ($X) and Singapore ($X), with a combined 65% share of total imports.

The United States, with a CAGR of +27.3%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average assembled parquet panels import price amounted to $X per ton, waning by -4% against the previous year. In general, the import price, however, showed a strong increase. The pace of growth was the most pronounced in 2018 an increase of 34% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2020, and then dropped in the following year.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+20.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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