[vc_row][vc_column][finan-vc-title title=”Why Exhibit” subtitle=””][vc_separator css=”.vc_custom_1540873245739{padding-top: 20px !important;padding-bottom: 40px !important;}”][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]The current market insights for gifts and housewares in Indonesia in 2023 reflect both growth and challenges in these sectors:
1. Homewares Market:
– The homewares market in Indonesia is expected to register a positive sales performance, driven by population growth, urbanization, and economic development. These factors are contributing to the expansion of the affluent urban middle class, an important consumer base for homewares.
– However, growth rates are expected to be muted in 2023 and 2024 due to high inflation and the impact of supply chain disruptions, including the effects of the Ukraine conflict.
– There is a trend towards the use of sustainable materials like bamboo, glass, and stainless steel in homewares, particularly in categories such as cutlery, dinnerware, beverageware, and food storage containers.
2. Gifts Market:
– The gift retailing market in Indonesia is projected to grow at a CAGR of 8.8% from 2020 to 2026. This growth is attributed to factors like rapid urbanization, growing demand for innovative gifting products, increasing disposable incomes, and rising purchasing power parity.
– A key driver of this market is the increasing demand for unique, creative, and personalized gifts.
– Challenges in this market include the presence of low-quality counterfeit products and a lack of market penetration in rural areas.
– The market includes various product types, such as souvenirs, novelty items, seasonal decorations, greeting cards, and giftware, distributed through both online and offline channels.
3. Kitchenware Market:
– The kitchenware market in Indonesia is expected to grow by 5.03% from 2023 to 2028, reaching a market volume of US$71.18 million by 2028.
These insights suggest that the gifts and housewares market in Indonesia is experiencing growth, driven by evolving consumer preferences and economic factors. However, the market also faces challenges such as inflation, supply chain disruptions, and the need to adapt to environmental concerns.[/vc_column_text][/vc_column][/vc_row][vc_row disable_element=”yes”][vc_column][vc_column_text]
- The Most Prominent International Exhibition for Gifts and Home Products Industry in Indonesia
- Face to Face Networking with Top Management
- Establish the Channel and Build Relationship with Importers, Distributors and Wholesalers from South East Asia
- Ideal Platform to Showcase your Latest Products & Technologies and Gain the Attention from the Potential Buyer
- The Fastest Channel to Develop of the Indonesia Market
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