Indonesia: Wooden Furniture Treatments Market 2023

Wooden Furniture Treatments Market Size in Indonesia

The Indonesian wooden furniture treatments market reduced modestly to $X in 2021, falling by -3% against the previous year. Over the period under review, consumption, however, recorded a noticeable shrinkage. Wooden furniture treatments consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Wooden Furniture Treatments Production in Indonesia

In value terms, wooden furniture treatments production shrank modestly to $X in 2021 estimated in export price. Overall, production, however, saw a pronounced setback. The pace of growth was the most pronounced in 2015 when the production volume increased by 35% against the previous year. Wooden furniture treatments production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Wooden Furniture Treatments Exports

Exports from Indonesia

In 2021, shipments abroad of polishes and creams for wooden furniture and floors decreased by -28.8% to X tons, falling for the second consecutive year after four years of growth. In general, exports recorded a abrupt slump. The pace of growth appeared the most rapid in 2019 when exports increased by 446%. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, wooden furniture treatments exports declined remarkably to $X in 2021. Over the period under review, exports recorded a abrupt contraction. The pace of growth was the most pronounced in 2014 when exports increased by 76% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Singapore (X tons), Brunei Darussalam (X tons) and Maldives (X tons) were the main destinations of wooden furniture treatments exports from Indonesia, together comprising 74% of total exports. These countries were followed by Hong Kong SAR, Fiji, Timor-Leste and the United Arab Emirates, which together accounted for a further 22%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Fiji (with a CAGR of +1,394.1%), while the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) remains the key foreign market for wooden furniture treatments exports from Indonesia, comprising 60% of total exports. The second position in the ranking was taken by Brunei Darussalam ($X), with a 16% share of total exports. It was followed by Hong Kong SAR, with a 7.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Singapore stood at -6.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brunei Darussalam (-3.4% per year) and Hong Kong SAR (+4.2% per year).

Export Prices by Country

In 2021, the average wooden furniture treatments export price amounted to $X per ton, declining by -23.3% against the previous year. In general, the export price, however, posted a modest increase. The pace of growth appeared the most rapid in 2020 when the average export price increased by 484% against the previous year. As a result, the export price attained the peak level of $X per ton, and then declined sharply in the following year.

Prices varied noticeably country of destination: the country with the highest price was Singapore ($X per ton), while the average price for exports to Timor-Leste ($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 Maldives (+21.1%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Furniture Treatments Imports

Imports into Indonesia

In 2021, approx. X tons of polishes and creams for wooden furniture and floors were imported into Indonesia; with an increase of 46% compared with the year before. Over the period under review, imports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of 78% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, wooden furniture treatments imports surged to $X in 2021. Overall, imports continue to indicate a resilient expansion. The growth pace was the most rapid in 2016 when imports increased by 82% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Japan (X tons) constituted the largest wooden furniture treatments supplier to Indonesia, accounting for a 83% share of total imports. Moreover, wooden furniture treatments imports from Japan exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), more than tenfold. Denmark (X tons) ranked third in terms of total imports with a 4.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Japan stood at +16.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+34.3% per year) and Denmark (+6.7% per year).

In value terms, Japan ($X) constituted the largest supplier of wooden furniture treatments to Indonesia, comprising 75% of total imports. The second position in the ranking was taken by Denmark ($X), with a 16% share of total imports. It was followed by Taiwan (Chinese), with a 5.3% share.

From 2012 to 2021, the average annual growth rate of value from Japan totaled +9.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+19.8% per year) and Taiwan (Chinese) (+7.1% per year).

Import Prices by Country

In 2021, the average wooden furniture treatments import price amounted to $X per ton, increasing by 4.8% against the previous year. Over the period under review, the import price, however, recorded a pronounced descent. The pace of growth appeared the most rapid in 2018 when the average import price increased by 27% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Denmark ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+12.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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