Indonesia: Tufted Carpet Market 2024

Tufted Carpet Market Size in Indonesia

The Indonesian tufted carpet market reached $X in 2022, remaining constant against the previous year. In general, consumption showed a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Tufted Carpet Production in Indonesia

In value terms, tufted carpet production totaled $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the production volume increased by 10%. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Tufted Carpet Exports

Exports from Indonesia

In 2022, the amount of tufted carpets and other tufted textile floor coverings exported from Indonesia reduced to X square meters, falling by -6.2% against 2021 figures. In general, exports showed a slight shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of 38% against the previous year. Over the period under review, the exports reached the peak figure at X square meters in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, tufted carpet exports surged to $X in 2022. Overall, exports recorded a slight setback. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Japan (X square meters) was the main destination for tufted carpet exports from Indonesia, accounting for a 29% share of total exports. Moreover, tufted carpet exports to Japan exceeded the volume sent to the second major destination, the UK (X square meters), twofold. The third position in this ranking was held by Malaysia (X square meters), with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Japan amounted to +5.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+45.1% per year) and Malaysia (-6.7% per year).

In value terms, Japan ($X) remains the key foreign market for tufted carpets and other tufted textile floor coverings exports from Indonesia, comprising 30% of total exports. The second position in the ranking was held by the UK ($X), with a 14% share of total exports. It was followed by Malaysia, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Japan stood at +8.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+30.4% per year) and Malaysia (-5.3% per year).

Export Prices by Country

In 2022, the average tufted carpet export price amounted to $X per square meter, surging by 28% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Canada ($X per square meter) and the United States ($X per square meter), while the average price for exports to India ($X per square meter) and Australia ($X per square meter) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+3.5%), while the prices for the other major destinations experienced more modest paces of growth.

Tufted Carpet Imports

Imports into Indonesia

In 2022, after two years of decline, there was significant growth in purchases abroad of tufted carpets and other tufted textile floor coverings, when their volume increased by 9% to X square meters. Over the period under review, imports, however, saw a abrupt curtailment. The growth pace was the most rapid in 2016 when imports increased by 49% against the previous year. Over the period under review, imports attained the peak figure at X square meters in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, tufted carpet imports declined modestly to $X in 2022. Overall, imports, however, saw a abrupt slump. The pace of growth was the most pronounced in 2016 with an increase of 35%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X square meters), Japan (X square meters) and Malaysia (X square meters) were the main suppliers of tufted carpet imports to Indonesia, together comprising 87% of total imports. Thailand, Vietnam and Turkey lagged somewhat behind, together comprising a further 9.8%.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +41.4%), while purchases for the other leaders experienced a decline.

In value terms, Japan ($X) constituted the largest supplier of tufted carpets and other tufted textile floor coverings to Indonesia, comprising 58% of total imports. The second position in the ranking was held by China ($X), with a 26% share of total imports. It was followed by Malaysia, with a 5.7% share.

From 2012 to 2022, the average annual growth rate of value from Japan stood at -5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-15.3% per year) and Malaysia (-14.0% per year).

Import Prices by Country

The average tufted carpet import price stood at $X per square meter in 2022, with a decrease of -11.1% against the previous year. Over the period under review, the import price recorded a noticeable downturn. The pace of growth appeared the most rapid in 2021 when the average import price increased by 7.4% against the previous year. The import price peaked at $X per square meter in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 Japan ($X per square meter), while the price for Vietnam ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+1.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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