Indonesia Import Data
15-Oct-2024
Key Highlights:
As per data on furniture imports from Indonesia, 10,757 shipments of furniture were imported globally between March 2023 and February 2024 (TTM).
To import furniture in Indonesia, traders need to acquire updated insights and documents such as an export license, commercial invoices, Indonesia outdoor furniture data, Indonesia teak furniture data, and much more.
India, the US, and the UK are the top three countries in the world importers of teak wood.
IndonesiaTradeData.com is one of the best platforms for analyzing the Indonesia furniture import data, exploring the list of furniture suppliers, and exact shipment values
How can one locate the best furniture importers? Where can I get updated statistics? These are the questions that any business owner should ask themselves. Did you know? Importing furniture into Indonesia can be a lucrative business opportunity due to the increasing demand for stylish and functional home and office furnishings.
Whether you're a seasoned importer or new to the trade, understanding the exact shipping values, HS codes, and relevant trade deals is essential to ensuring smooth transactions and compliance with local regulations. In this blog, we will explore the key steps and statistics on import furniture from Indonesia, Indonesian outdoor furniture data, required documents, and useful tips to help you import furniture into Indonesia successfully.
Indonesia imports furniture to make up for the lack of choice in its oversupplied local market. Although Indonesia's furniture is well-known for its high caliber and reasonable prices, it has come under fire for placing an excessive amount of emphasis on exports at the expense of the home market.
Also, the enormous growth of international brands like IKEA in Indonesia is indicative of the rising demand for imported furniture. As per Indonesia import data, Indonesia recorded a total import value of 331 million US dollars for furniture in 2022, of which 290 million US dollars came from China.
It is time to learn the precise import insights for Indonesian furniture.
Let’s explore the table for furniture import data!
|
Import furniture from Indonesia |
Value |
Year-over-Year Change |
|
Total Shipments |
10,757 |
+2% |
|
Exporters |
847 |
N/A |
|
Buyers |
919 |
N/A |
|
Shipments in February 2024 |
403 |
-26% (sequential), -60% |
Based on data on furniture imports from Indonesia, 10,757 shipments of furniture were imported globally between March 2023 and February 2024 (TTM).
There was a 2% increase in imports compared to the previous year, with 847 Indonesian exporters supplying 919 buyers worldwide. During this time, 403 shipments of furniture were imported into the world from Indonesia in February 2024 alone.
|
Rank |
Country |
Shipments |
|
1 |
United States |
4,588,165 |
|
2 |
India |
1,275,362 |
|
3 |
Russia |
843,617 |
This represents an increase of -26% sequentially from January 2024 and year-over-year growth of -60% from February 2023. However, the majority of the furniture in the world is imported from China, India, and Vietnam.
The United States, India, and Russia are the top three countries in the world for furniture imports. With 4,588,165 shipments, the United States leads the world in furniture imports. India comes in second with 1,275,362 shipments, while Russia comes in third with 843,617 shipments. Also, get Indonesian outdoor furniture here.
Let’s explore the table for furniture import data!
|
Import furniture from Indonesia |
Indonesian teak furniture import data |
Year-over-Year Change |
|
Total Shipments |
3 |
+200% |
|
Exporters |
2 |
N/A |
|
Buyers |
2 |
N/A |
|
Shipments in October 2023 |
0 |
0% (sequential), 0% |
Indonesian teak furniture import data show that three shipments of teak wood were imported by Indonesia between November 2022 and October 2023 (TTM).
With two foreign exporters supplying these goods to two Indonesian clients, the imports represented a 200% increase over the previous year's sales. During this time, Indonesia imported zero shipments of teak wood in October 2023 alone.
|
Rank |
Country |
Shipments |
|
1 |
India |
73,835 |
|
2 |
United States |
34,868 |
|
3 |
United Kingdom |
8,023 |
This is a 0% sequential increase from September 2023 and a 0% year-over-year growth from October 2022. The majority of Indonesia's teak wood is imported from China, India, and the Netherlands.
India, the US, and the UK are the top three countries in the world importers of teak wood. With 73,835 shipments, India is the world's top importer of teak wood, followed by the US with 34,868 shipments and the UK in third place with 8,023 shipments.
To import furniture into Indonesia, you'll need to require some necessary documents and updated insights, such as Indonesia furniture import data, Indonesian outdoor furniture data, importers list, HS codes, values, shipment details and much more. Also, there are various steps to import furniture in Indonesia.
It is important to research the Indonesian furniture market before beginning the importation process. Knowing which types of furniture are in demand—whether it's office furniture, home decor, or high-end custom pieces—will give you an edge. Additionally, being aware of local preferences in design and materials can guide your product selection.
To start importing, you must first establish a legal entity in Indonesia. The type of business entity that you select will depend on your specific needs, but common options for foreign investors are:
PT PMA (Foreign-Owned Limited Liability Company)
Local PT (Limited Liability Company)
To import furniture into India, several licenses and documents are needed. Some of the significant licenses and documents are:
Import license
Letter of credit
Bill of entry
country of origin
commercial invoice
Customs clearance
Import declaration
Export license
Accurate Import-Export shipment data
Furniture is classified under Chapter 94 of the HS Code. Here are some examples:
Wooden furniture: HS code 9403.60
Metal furniture: HS code 9403.20
Plastic furniture: HS code 9403.70
Once you determine the correct HS code for the furniture you're importing, you can calculate the applicable customs duties. Import duty rates in Indonesia can vary, typically ranging between 5% and 20%, depending on the material, type of furniture, and country of origin.
Once you've successfully imported your furniture, it's time to bring your products to market. Whether you're selling through brick-and-mortar stores or online platforms, it's significant to create a marketing strategy, exact shipment destinations, furniture import data, import furniture from Indonesia insights, Indonesian outdoor furniture import data, commodity-wise HS Codes and much more.
There are several ways to find out the top outdoor furniture suppliers from Indonesia, but one of the best methods is to research the market and trade report trade analytics platform.
IndonesiaTradeData.com is one of the best platforms for analyzing the Indonesia furniture import data, exploring the list of furniture suppliers, exact shipment values, port names, HS Codes and much more.
We recommend you explore our user-friendly platform and analyze the export-import data from Indonesia hassle-free.
Final Thoughts
Therefore, bringing furniture into Indonesia can be a challenging but worthwhile endeavour if done properly. You can start a profitable furniture import company in Indonesia by following the steps listed, obtaining the necessary licenses and statistics for import furniture from Indonesia, adhering to rules, and making sure that customs clearance goes smoothly.
However, if you have any queries related to import furniture from Indonesia, Indonesian outdoor furniture suppliers, or Indonesia outdoor furniture insights, connect with our data experts and schedule a free live demo today.
There are some key steps to import furniture from Indonesia:
1. Fina a reputable supplier
2. Ensure necessary permits and licenses
3. Export documentation
4. Reliable export-import data
5. Select shipping methods
To import furniture into Indonesia, you'll require the following documents and licenses:
Import license
General Import License (API-U)
Business classification (KBLI)
PI Kehutanan
Commercial invoice
Certificate of origin
Tax identification number (NPWP)
Customs Declaration Form (PIB)
Some claim that Indonesia's furniture business ignores the local market in favour of exporting too much. Consequently, a sizable portion of the local market, particularly in the middle-to-upper sector, is made up of imported furniture.
The top furniture HS codes are 9403, 940310, 94031010 and 9403609990. Also, the import duty for importing goods into Indonesia is a flat rate of 7.5% of the value of the goods.
As per furniture import data, the top importers of furniture are the United States ($72,815.9 million), Germany ($18,269 million), the United Kingdom ($11,418.3 million) France ($10,807.7 million)
To find out reliable information on Indonesia furniture suppliers and import data, you can visit our platform, i.e IndonesiaTradeData.com, and gain the updated insights hassle-free.
