简体中文
Room for growth in Indonesia's kitchen and bath market
titanium media APP, phoenix, fujian province ceramic industry
May 16, 2024
As the largest economy in ASEAN, one of the members of the Association of Southeast Asian Nations, member of the Group of 20, in the past few years, Indonesia's rise has been surprisingly fast, and the economic scale is constantly expanding!
Total amount: in 2022, Indonesia's total GDP amounted to 1.32 trillion U.S. dollars, located in ASEAN's first, Asia's fifth, the world's sixteenth, more than three times that of Vietnam.
Growth rate: In 2022, Indonesia's GDP will increase by 5.31% year-on-year, not only reaching a record high since 2013, but also maintaining a growth rate of more than 5% for seven consecutive quarters, soaring at a remarkable speed.
Manufacturing: In 2022, Indonesia's industrial value-added will be $416.9 billion, ranking 9th in the world in terms of manufacturing value-added. Not only does the country dominate Southeast Asia, but even traditional manufacturing powers such as the United Kingdom and France have been left behind.
Indonesia's economy has been undergoing rapid development since the political stabilization, and various industries have been flourishing. Under such circumstances, construction has become Indonesia's top priority.
The Indonesian government on the importance of infrastructure construction has led to a surge in demand for building materials market in Indonesia. Also makes Indonesia ceramic sanitary ware market has made rapid development, ceramic tile, sanitary ware and even pottery equipment, chemical raw materials in the field of products are increasing.
Although the Indonesian kitchen and sanitary market has a huge space for development, the output cannot meet the market supply due to the lack of local production lines and the high cost. Resulting in the market in a serious oversupply situation, thus giving foreign ceramic sanitary ware enterprises to provide more opportunities for entry.
Coupled with the fact that Indonesia is an externally oriented economy, 90% of the domestic economy are dependent on imports of equipment and raw materials from abroad. In recent years, Indonesia's kitchen and bath, ceramic enterprises are gradually shifting the focus of procurement. Some data show that the supply of Chinese technology and equipment occupies about 20% to 30% of the Indonesian market, which indicates a huge expansion space for Chinese enterprises.
In addition, Indonesia's proximity to China's Hainan Province. For this reason, Chinese kitchen and bathroom enterprises export products to Indonesia relative to European and American enterprises to be much more convenient. Chinese products in terms of price, quality, but also more in line with the preferences of Indonesian consumers more suitable for their economic situation, naturally become the local buyers of the most favored object of cooperation.
Many domestic dealers in Indonesia also take the initiative to find Chinese manufacturers, hoping to provide them with the appropriate products as soon as possible. Indonesian industry insiders said that the current Indonesian authorities also welcome overseas enterprises, hoping that they quickly intervene in the Indonesian market and provide sufficient products.
China's current ceramic sanitary ware market is far greater than demand. Indonesia has a huge demand for this, two-way need, so China's enterprises will export ceramic sanitary ware products to Indonesia is an excellent choice.
