Indonesia: Market for Tableware And Kitchenware Of Wood 2024

Market Size for Tableware And Kitchenware Of Wood in Indonesia

In 2021, the Indonesian wood kitchenware and tableware market decreased by -5.8% to $X for the first time since 2018, thus ending a two-year rising trend. Over the period under review, the total consumption indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Wood kitchenware and tableware consumption peaked at $X in 2020, and then fell in the following year.

Production of Tableware And Kitchenware Of Wood in Indonesia

In value terms, wood kitchenware and tableware production dropped slightly to $X in 2021 estimated in export price. Overall, the total production indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +7.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +42.4% against 2018 indices. The most prominent rate of growth was recorded in 2019 with an increase of 38%. Wood kitchenware and tableware production peaked at $X in 2020, and then shrank in the following year.

Exports of Tableware And Kitchenware Of Wood

Exports from Indonesia

Wood kitchenware and tableware exports from Indonesia soared to X tons in 2021, growing by 16% on 2020. Overall, exports recorded a significant increase. The pace of growth appeared the most rapid in 2015 when exports increased by 545%. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, wood kitchenware and tableware exports surged to $X in 2021. In general, exports saw a significant increase. The most prominent rate of growth was recorded in 2015 when exports increased by 309%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in years to come.

Exports by Country

The Netherlands (X tons), Taiwan (Chinese) (X tons) and South Korea (X tons) were the main destinations of wood kitchenware and tableware exports from Indonesia, with a combined 61% share of total exports. These countries were followed by the United States, Japan, Germany and China, which together accounted for a further 30%.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +61.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wood kitchenware and tableware exported from Indonesia were Taiwan (Chinese) ($X), the United States ($X) and Japan ($X), with a combined 52% share of total exports.

Taiwan (Chinese), with a CAGR of +69.5%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average wood kitchenware and tableware export price stood at $X per ton in 2021, surging by 9.6% against the previous year. In general, the export price, however, saw a mild contraction. The pace of growth appeared the most rapid in 2014 an increase of 26% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to China ($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 Taiwan (Chinese) (+9.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tableware And Kitchenware Of Wood

Imports into Indonesia

Wood kitchenware and tableware imports into Indonesia surged to X tons in 2021, rising by 84% on 2020. Over the period under review, imports saw a significant expansion. The pace of growth appeared the most rapid in 2013 with an increase of 138% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, wood kitchenware and tableware imports soared to $X in 2021. In general, imports recorded significant growth. The pace of growth was the most pronounced in 2018 with an increase of 117%. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, China (X tons) was the main supplier of wood kitchenware and tableware to Indonesia, accounting for a approx. 99% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +26.9%.

In value terms, China ($X) constituted the largest supplier of tableware and kitchenware of wood to Indonesia.

From 2012 to 2021, the average annual growth rate of value from China stood at +25.6%.

Import Prices by Country

The average wood kitchenware and tableware import price stood at $X per ton in 2021, with a decrease of -13.8% against the previous year. Over the period under review, the import price saw a noticeable setback. The pace of growth was the most pronounced in 2018 when the average import price increased by 39%. Over the period under review, average import prices reached the maximum at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to -1.0% per year.

Source: IndexBox Platform

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