Indonesia: Wooden Furniture Treatments Market 2024

Wooden Furniture Treatments Market Size in Indonesia

The Indonesian wooden furniture treatments market rose slightly to $X in 2022, surging by X% against the previous year. Overall, consumption showed a perceptible contraction. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Wooden Furniture Treatments Production in Indonesia

In value terms, wooden furniture treatments production rose slightly to $X in 2022 estimated in export price. Over the period under review, production showed a perceptible downturn. The pace of growth was the most pronounced in 2016 with an increase of X%. Wooden furniture treatments production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Wooden Furniture Treatments Exports

Exports from Indonesia

In 2022, overseas shipments of polishes and creams for wooden furniture and floors decreased by X% to X tons, falling for the third year in a row after four years of growth. Overall, exports faced a deep slump. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, wooden furniture treatments exports shrank rapidly to $X in 2022. Over the period under review, exports faced a deep downturn. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for wooden furniture treatments exports from Indonesia, accounting for a X% share of total exports. Moreover, wooden furniture treatments exports to the United Arab Emirates exceeded the volume sent to the second major destination, Singapore (X tons), threefold. The third position in this ranking was held by Brunei Darussalam (X kg), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (X% per year) and Brunei Darussalam (X% per year).

In value terms, Singapore ($X), the United Arab Emirates ($X) and Northern Mariana Islands ($X) were the largest markets for wooden furniture treatments exported from Indonesia worldwide, with a combined X% share of total exports. Brunei Darussalam and Malaysia lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Malaysia, with a CAGR of X%, 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 furniture treatments export price stood at $X per ton in 2022, falling by X% against the previous year. Over the period under review, the export price recorded a pronounced setback. The growth pace was the most rapid in 2020 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Northern Mariana Islands ($X per ton), while the average price for exports to Malaysia ($X per ton) was amongst the lowest.

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

Wooden Furniture Treatments Imports

Imports into Indonesia

Wooden furniture treatments imports into Indonesia soared to X tons in 2022, growing by X% on the year before. In general, imports enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2013 with an increase of X%. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, wooden furniture treatments imports rose rapidly to $X in 2022. Over the period under review, imports posted resilient growth. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Japan (X tons) constituted the largest supplier of wooden furniture treatments to Indonesia, with a X% share of total imports. Moreover, wooden furniture treatments imports from Japan exceeded the figures recorded by the second-largest supplier, Denmark (X tons), threefold. Taiwan (Chinese) (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Japan amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (X% per year) and Taiwan (Chinese) (X% per year).

In value terms, the largest wooden furniture treatments suppliers to Indonesia were Japan ($X), Denmark ($X) and Taiwan (Chinese) ($X), with a combined X% share of total imports. China and the United States lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, China, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average wooden furniture treatments import price stood at $X per ton in 2022, with a decrease of X% against the previous year. Overall, the import price saw a abrupt decrease. The pace of growth was the most pronounced in 2018 when the average import price increased by X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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