Indonesia: Wooden Furniture Treatments Market 2022

Wooden Furniture Treatments Market Size in Indonesia

The Indonesian wooden furniture treatments market rose rapidly to $X in 2021, with an increase of X% against the previous year. In general, consumption, however, continues to indicate a noticeable shrinkage. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Wooden Furniture Treatments Production in Indonesia

In value terms, wooden furniture treatments production rose notably to $X in 2021 estimated in export price. Overall, production, however, showed a pronounced contraction. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, production attained the maximum level 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 -X% to X tons, falling for the third year in a row after two years of growth. In general, exports saw a abrupt slump. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, wooden furniture treatments exports declined to $X in 2021. Overall, exports showed a abrupt descent. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

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, with a combined X% share of total exports. Hong Kong SAR, Fiji, Timor-Leste and Northern Mariana Islands lagged somewhat behind, together accounting for a further X 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 +X%), while the other leaders experienced more modest paces of growth.

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

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

Export Prices by Country

The average wooden furniture treatments export price stood at $X per ton in 2021, increasing by X% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of X%. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by the 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 (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Furniture Treatments Imports

Imports into Indonesia

In 2021, overseas purchases of polishes and creams for wooden furniture and floors decreased by -X% to X tons, falling for the second consecutive year after two years of growth. In general, imports showed a abrupt setback. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, wooden furniture treatments imports declined to $X in 2021. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by X%. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Japan (X tons) constituted the largest wooden furniture treatments supplier 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, Taiwan (Chinese) (X tons), fourfold. The third position in this ranking was taken by Denmark (X tons), with a X% share.

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

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

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

Import Prices by Country

The average wooden furniture treatments import price stood at $X per ton in 2021, increasing by X% against the previous year. In general, the import price saw resilient growth. The pace of growth was the most pronounced in 2017 when the average import price increased by X%. Over the period under review, average import prices reached the maximum in 2021 and is likely to see steady growth in the immediate term.

Prices varied noticeably by the country of origin: 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 (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

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