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
The Indonesian furniture market is experiencing a remarkable ascent, marked by impressive growth in recent years.
The Furniture market in Indonesia is projected to grow by 6.33% (2023-2028) resulting in a market volume of US$4.24bn in 2028.
Indonesia will continue to strengthen its position with wider advanced technology adoption and innovative manufacturing systems implementation
Indonesia has long been one of the world's leading furniture manufacturers and most popular furniture exporters.
Top five export destination countries include USA, Japan, the Netherlands, Germany and Belgium
Indonesia’s Furniture industry has been designated as a priority sector for the country due to being a labor-intensive industry. The Indonesian government has set a target to increase the country’s furniture export value which will drive the furniture industry in Indonesia. With strong government support and a positive market landscape, Indonesian furniture manufacturers are expected to increase their export values.
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.
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.
OUT OF INDONESIA'S TOTAL
LAND SURFACE ARE FORESTED LAND
91.0 million hectares of 171.9 million hectares
FURNITURE MANUFACTURED IN INDONESIA
ARE MADE FROM WOOD
the rest are made from panel, rattan, bamboo, plastic and metals
OF GLOBAL RAW RATTAN
MATERIALS ARE PRODUCED FROM
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