Yogyakarta (ANTARA) – The Ministry of Business considers the furnishings trade as one of many labor-intensive downstream industries that’s export-oriented.
“It additionally has an actual constructive affect on the non-oil and fuel sector, which we recorded at 17.31 %,” the ministry’s director of small and medium industries for meals, furnishings, and constructing supplies, Bayu Fajar Nugroho, stated right here on Sunday.
Due to this fact, the Ministry of Business highlights the continual synergy between furnishings and craft associations in growing export worth in addition to assembly the wants of home furnishings and craft merchandise, together with by means of the Jogja Worldwide Furnishings and Craft Truthful Indonesia (JIFFINA) exhibition, which takes place on March 8-11, 2025.
Primarily based on the ministry’s information, the furnishings trade contributed 1.2 % with its export worth reaching US$1.91 billion, or a rise of three.2 % from the earlier yr.
“So we see this development is kind of good regardless that there are nonetheless some obstacles,” Bayu famous.
He additionally stated that furnishings trade exports are nonetheless dominated by nations within the European Union, the US, and Japan.
“And now we’re additionally taking a look at South Asia, comparable to India and Africa, as one of many potential markets that we would be capable to see collectively later,” he stated.
In the meantime, information from Professional Market Analysis confirmed the worldwide furnishings market in 2024 reached US$660.35 billion and is predicted to develop by 49 %.
“This macro situation really provides us Indonesia market alternative penetration, which is at present solely stuffed by Indonesia by 0.28 %, so the chance continues to be very massive,” he added.
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Translator: Hery Sidik, Yashinta Difaitor: Azis Kurmalacopyright © between 2025
