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TRADE FAIR

Market Overview

INDONESIA
The HEART Of South East Asia

  • Strategic Location

    in addition to the the relation to the giant economies of China and India

  • The largest economy in South East Asia, Indonesia – a diverse archipelago nation of more than 300 ethnic groups – has charted impressive economic growth since overcoming the Asian financial crisis of the late 1990s. Today, Indonesia is the world’s fourth most populous nation, the world’s 10th largest economy in terms of purchasing power parity, and a member of the G-20.

  • A country with the third largest tropical rainforest in the world after Brazil and Democratic Republic of the Congo

  • Mixed hill forests account for about 65% of the natural forests and are the most important for timber production

  • Large and Youthful Market

    Indonesia has long been one of the world's leading furniture manufacturers and will continue to strengthen its position with wider advanced technology adoption and innovative manufacturing systems implementation

    The furniture market in Indonesia is poised to grow by $3.29 billion during 2022-2026, accelerating at a CAGR of 12.08% during the forecast period.

  • One of the World's Largest Furniture Exporter

    Exports of furniture products in 2021 experienced an increase with a value of USD 2.5 billion or up 33% from 2020 at USD 1.91 billion

    The Indonesian Ministry of Industry indicates the national furniture industry recorded an 4.36% growth in the first quarter of 2022.

    Top five export destination countries include USA, Japan, the Netherlands, Germany and Belgium

  • Designated as a priority sector for the country due to its labor-intensiveness, the furniture industry will benefit from strong backing and investment by the Indonesian government that has set a target to increase the country’s furniture export value by multi-folds to ensure the industry expansion.

    With strong government support and a positive market landscape, Indonesian furniture manufacturers are expected to increase their export values soon.

  • Strong Reputation

    As one of the world’s fastest-growing furniture manufacturers and most popular furniture exporters, Indonesia’s furniture market is highly segmented and competitive.

    Nevertheless its high competition level is the driver for industry players to continuously innovate and progress by implementing changes to their technology use and manufacturing system implementations.

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53%

OUT OF INDONESIA'S TOTAL
LAND SURFACE ARE FORESTED LAND

91.0 million hectares of 171.9 million hectares

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65%

FURNITURE MANUFACTURED IN INDONESIA
ARE MADE FROM WOOD

the rest are made from panel, rattan, bamboo, plastic and metals

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30%

OF GLOBAL RAW RATTAN
MATERIALS ARE PRODUCED FROM
INDONESIA

A Quick
Snapshot

COORDINATES: 5°S 120°E
CAPITAL CITY: JAKARTA
LANGUANGE: INDONESIAN
TIME ZONE: GMT+7 TO +9 (VARIOUS)
COUNTRY CALLING CODE +62
CURRENCY: INDONESIAN RUPIAH (RP) (IDR)

Indonesia is a land of opportunities. Abundant natural resources, with young and large population plus the growing domestic market, combined with an improving investment climate are just a few of Indonesia's strengths. Interest in doing business with Indonesia is steadily growing.

Take the first steps to experience the emerging woodworking and furniture manufacturing market of Indonesia and Southeast Asia Region. Expand your business further at IFMAC WOODMAC Indonesia

DATA SOURCE