Indonesia: Wooden Office Furniture Market 2024

Wooden Office Furniture Market Size in Indonesia

In 2021, the Indonesian wooden office furniture market increased by 9% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption, however, showed a mild slump. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market failed to regain momentum.

Wooden Office Furniture Production in Indonesia

In value terms, wooden office furniture production rose significantly to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a perceptible decline. The growth pace was the most rapid in 2016 when the production volume increased by 32% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

Wooden Office Furniture Exports

Exports from Indonesia

Wooden office furniture exports from Indonesia soared to X units in 2021, rising by 17% on the year before. In general, total exports indicated a noticeable increase from 2012 to 2021: its volume increased at an average annual rate of +4.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -7.4% against 2017 indices. The pace of growth was the most pronounced in 2017 with an increase of 67%. As a result, the exports attained the peak of X units. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, wooden office furniture exports surged to $X in 2021. Overall, exports showed a relatively flat trend pattern. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X units), Japan (X units) and France (X units) were the main destinations of wooden office furniture exports from Indonesia, with a combined 51% share of total exports. These countries were followed by the UK, the Netherlands, Germany, Taiwan (Chinese), Belgium, Australia, Malaysia and Singapore, which together accounted for a further 19%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of +30.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wooden office furniture exported from Indonesia were the United States ($X), Japan ($X) and the UK ($X), together accounting for 63% of total exports.

In terms of the main countries of destination, the UK, with a CAGR of +27.4%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average wooden office furniture export price stood at $X per unit in 2021, increasing by 18% against the previous year. Over the period under review, the export price, however, recorded a perceptible downturn. The most prominent rate of growth was recorded in 2014 an increase of 30% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 to 2021, the average export prices remained at a somewhat 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 the United States ($X per unit), while the average price for exports to Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-1.6%), while the prices for the other major destinations experienced a decline.

Wooden Office Furniture Imports

Imports into Indonesia

In 2021, the amount of wooden furniture of a kind used in offices imported into Indonesia skyrocketed to X units, increasing by 57% against the previous year. Overall, imports saw significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 93% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to see gradual growth in the immediate term.

In value terms, wooden office furniture imports soared to $X in 2021. Over the period under review, imports posted strong growth. The pace of growth appeared the most rapid in 2017 when imports increased by 65%. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) was the main wooden office furniture supplier to Indonesia, with a 91% share of total imports. It was followed by Malaysia (X units), with a 0.5% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +23.5%.

In value terms, China ($X) constituted the largest supplier of wooden furniture of a kind used in offices to Indonesia, comprising 88% of total imports. The second position in the ranking was held by Malaysia ($X), with a 0.5% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +7.6%.

Import Prices by Country

In 2021, the average wooden office furniture import price amounted to $X per unit, falling by -14.6% against the previous year. Over the period under review, the import price continues to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2013 when the average import price increased by 21% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Malaysia ($X per unit), while the price for China amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (-5.3%).

Source: IndexBox Platform

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