Indonesia: Wooden Bedroom Furniture Market 2024

Wooden Bedroom Furniture Market Size in Indonesia

The Indonesian wooden bedroom furniture market reduced to $X in 2022, with a decrease of -9.2% against the previous year. The market value increased at an average annual rate of +2.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Wooden bedroom furniture consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Wooden Bedroom Furniture Production in Indonesia

In value terms, wooden bedroom furniture production shrank modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when the production volume increased by 31%. Wooden bedroom furniture production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Wooden Bedroom Furniture Exports

Exports from Indonesia

Wooden bedroom furniture exports from Indonesia soared to X units in 2022, picking up by 36% on the previous year's figure. Overall, exports showed a resilient increase. The most prominent rate of growth was recorded in 2017 when exports increased by 37%. The exports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, wooden bedroom furniture exports rose notably to $X in 2022. Over the period under review, total exports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +6.1% 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 +83.1% against 2014 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 41% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

The United States (X units) was the main destination for wooden bedroom furniture exports from Indonesia, accounting for a 76% share of total exports. Moreover, wooden bedroom furniture exports to the United States exceeded the volume sent to the second major destination, the UK (X units), more than tenfold. The third position in this ranking was taken by Australia (X units), with a 2.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to +8.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+14.3% per year) and Australia (+16.4% per year).

In value terms, the United States ($X) remains the key foreign market for wooden furniture of a kind used in the bedroom exports from Indonesia, comprising 76% of total exports. The second position in the ranking was taken by the UK ($X), with a 3.4% share of total exports. It was followed by the United Arab Emirates, with a 2.8% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +6.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+12.3% per year) and the United Arab Emirates (+13.5% per year).

Export Prices by Country

In 2022, the average wooden bedroom furniture export price amounted to $X per unit, shrinking by -17.1% against the previous year. Overall, the export price recorded a slight decrease. The pace of growth appeared the most rapid in 2021 when the average export price increased by 27%. Over the period under review, the average export prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to Canada ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (-1.8%), while the prices for the other major destinations experienced a decline.

Wooden Bedroom Furniture Imports

Imports into Indonesia

In 2022, overseas purchases of wooden furniture of a kind used in the bedroom decreased by -42.7% to X units, falling for the second year in a row after four years of growth. Overall, imports showed a perceptible shrinkage. The pace of growth appeared the most rapid in 2017 when imports increased by 48%. Imports peaked at X units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, wooden bedroom furniture imports shrank slightly to $X in 2022. In general, total imports indicated slight growth from 2012 to 2022: its value increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +89.6% against 2016 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 44% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then contracted in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of wooden bedroom furniture to Indonesia, with a 70% share of total imports. Moreover, wooden bedroom furniture imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), more than tenfold. The third position in this ranking was held by Malaysia (X units), with a 5.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled -3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+26.1% per year) and Malaysia (+6.8% per year).

In value terms, China ($X) constituted the largest supplier of wooden furniture of a kind used in the bedroom to Indonesia, comprising 70% of total imports. The second position in the ranking was taken by Italy ($X), with a 6.1% share of total imports. It was followed by Malaysia, with a 5.3% share.

From 2012 to 2022, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+31.2% per year) and Malaysia (+11.1% per year).

Import Prices by Country

The average wooden bedroom furniture import price stood at $X per unit in 2022, increasing by 69% against the previous year. In general, import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wooden bedroom furniture import price increased by +91.2% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from France ($X per unit) and Malaysia ($X per unit), while the price for Denmark ($X per unit) and Belgium ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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