The Ministry Of Industry Records IKM Furniture Exports Until June 2023 Capai 799.6 Million US Dollars

Director General of Small, Medium and Multifarious Industries (IKMA) of the Ministry of Industry Reni Yanita (center). (Photo: Doc. Ministry of Industry)

The Ministry of Industry (Kemenperin) noted that the export of the furniture industry has a great opportunity to support the national economy with a contribution of 1.3 percent to non-oil and gas GDP with an export performance value (HS 9401-9403) reaching 2.47 billion US dollars.

"The export value of the furniture industry until June 2023 has reached 799.6 million US dollars," said Director General of Small, Medium and Multifarious Industries (IKMA) of the Ministry of Industry Reni Yanita, Friday, September 15.

Reni said the potential of the furniture industry market is very large and must be maximized by domestic industry players.

Citing Fortune Business Insights, the global furniture market value in 2022 was recorded at USD 517 billion with nearly 50 percent coming from the Asia Pacific market or USD 247 billion.

"By 2023, it is hoped that the global furniture market value can increase to around 541 billion US dollars," he said.

Seeing this, said Reni, the Ministry of Industry emphasized the need for a strategy to continue to improve the competitiveness of the furniture industry, as an effort to increase market access and respond to the furniture industry trend.

Market opportunities both outside and domestically for the furniture industry need to be utilized as well as possible by all stakeholders, both the government, associations, and industry players themselves.

According to Reni, the government will continue to strive to create a conducive business climate for the furniture industry so that industrial performance can continue to improve in line with the recovery of the global furniture market.

In addition to continuing to increase the export market, furniture industry players are also expected not to leave the domestic market.

The trend of environmental awareness spurs industry players to continue to improve production quality through a sustainable process, for example using raw materials that are sustainable, environmentally friendly, and implement circular economy.

"This step will also have a significant economic impact on the community," he said.

One of the steps taken by the Ministry of Industry through the Directorate General of Small, Medium and Multifarious Industries (Ditjen IKMA) is to facilitate 10 furniture and handicraft IKMs participating in the 2023 IFFINA Exhibition which took place at ICE BSD, South Tangerang, on September 14-17, 2023.

The 10 IKMs are IKMs who have successfully passed the curation by the curator team, consisting of academics, industry players, designers and internal teams of the Ministry of Industry.

The 10 IKM participants who attended the IFFINA Exhibition, namely Matahati Kreasi Nusantara, CV Indico, CV Java Gedeg, CV Annora Javantica, Lulu Living, MK Deco, IP Teak Furniture, CV A Class Furniture, JK Form, and Laksa Idea Art and Homedecor.

In addition to facilitating exhibition participation, the 10 IKMs also receive design concept development facilities through collaboration between professional designers and industry players to create creative product designs through the MadeCon (Makers and Designer Connection) program, as well as intensive assistance by experts on product selection, product design, and product layout.

Meanwhile, the Director of Small and Medium Industries for Food, Furniture, and Building Materials of the Ministry of Industry, Yedi Sabarayadi, said that through this exhibition, it is hoped that furniture IKM participating products can be recognized by potential buyers so that they get a wider market and increase export potential.

"In addition, participants who are SMEs can also gain knowledge and information about the latest trends and market tastes," he concluded.