Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Indonesia - 2022
Contents:
- Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Indonesia (FOB) - 2022
- Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Indonesia (CIF) - 2022
- Exports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Indonesia
- Imports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Indonesia
Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Indonesia (FOB) - 2022
The average export price for furniture; wooden, other than for office, kitchen or bedroom use stood at $75 per unit in 2022, declining by -19.7% against the previous year. In general, export price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for furniture; wooden, other than for office, kitchen or bedroom use decreased by -30.5% against 2019 indices. The pace of growth was the most pronounced in 2018 an increase of 50%. The export price peaked at $115 per unit in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Japan ($75 per unit) and Australia ($75 per unit), while the average price for exports to South Korea ($75 per unit) and the UK ($75 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+1.0%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Indonesia (CIF) - 2022
In March 2022, the average import price for furniture; wooden, other than for office, kitchen or bedroom use amounted to $95.4 per unit, remaining stable against the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In March 2022, the countries with the highest prices were Vietnam ($90.9 per unit) and Thailand ($90.9 per unit), while the price for Italy ($90.9 per unit) and Malaysia ($90.9 per unit) were amongst the lowest.
From February 2022 to March 2022, the most notable rate of growth in terms of prices was attained by Vietnam (0.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Indonesia
For the fourth consecutive year, Indonesia recorded growth in overseas shipments of furniture; wooden, other than for office, kitchen or bedroom use, which increased by 23% to 13M units in 2022. Overall, total exports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +23.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +86.5% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 27% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in years to come.
In value terms, exports of furniture; wooden, other than for office, kitchen or bedroom use fell to $1B in 2022. The total export value increased at an average annual rate of +9.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 37% against the previous year. As a result, the exports reached the peak of $1B, leveling off in the following year.
| Export of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 355 | 365 | 533 | 561 | 16.5% |
| Japan | 94.2 | 84.0 | 99.4 | 95.2 | 0.4% |
| Netherlands | 52.1 | 53.0 | 65.7 | 52.3 | 0.1% |
| Belgium | 31.8 | 31.5 | 41.8 | 37.8 | 5.9% |
| France | 28.9 | 23.6 | 37.5 | 36.7 | 8.3% |
| Australia | 23.5 | 25.3 | 33.7 | 32.0 | 10.8% |
| United Kingdom | 25.1 | 24.2 | 30.6 | 22.2 | -4.0% |
| Germany | 21.4 | 17.5 | 23.2 | 21.6 | 0.3% |
| Taiwan (Chinese) | 14.2 | 11.6 | 12.7 | 15.2 | 2.3% |
| South Korea | 21.1 | 20.7 | 21.7 | 14.6 | -11.6% |
| Others | 115 | 90.8 | 124 | 125 | 2.8% |
| Total | 782 | 747 | 1,023 | 1,014 | 9.0% |
Top Export Markets for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use from Indonesia in 2022:
- United States (7.4M units)
- Japan (1.3M units)
- Netherlands (0.7M units)
- France (0.5M units)
- Belgium (0.5M units)
- Australia (0.4M units)
- United Kingdom (0.3M units)
- Germany (0.3M units)
- Taiwan (Chinese) (0.2M units)
- South Korea (0.2M units)
Imports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Indonesia
In 2022, the amount of furniture; wooden, other than for office, kitchen or bedroom use imported into Indonesia surged to 1.3M units, jumping by 116% compared with 2021 figures. Over the period under review, imports enjoyed a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of furniture; wooden, other than for office, kitchen or bedroom use soared to $103M in 2022. In general, imports recorded significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 42.5 | 33.5 | 40.8 | 80.6 | 23.8% |
| Malaysia | 3.4 | 1.3 | 1.2 | 7.8 | 31.9% |
| Singapore | 4.5 | 1.3 | 1.2 | 4.4 | -0.7% |
| Italy | 3.6 | 1.7 | 2.0 | 3.5 | -0.9% |
| Philippines | N/A | N/A | 0.3 | 0.4 | 33.3% |
| Others | 4.9 | 1.6 | 2.6 | 6.6 | 10.4% |
| Total | 59.0 | 39.5 | 48.1 | 103 | 20.4% |
Top Suppliers of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use to Indonesia in 2022:
- China (921.9K units)
- Malaysia (203.8K units)
- Italy (46.1K units)
- Singapore (41.3K units)
- Philippines (22.2K units)
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