24-Feb – CRI Report

Philippines Furniture Industry Research Report 2024-2033

admin — Thu, 22 Feb 2024 17:31:29 +0000

Philippines Furniture Industry

Furniture, encompassing movable objects facilitating various human activities such as sitting, reclining, or storing items, plays a vital role in enhancing the practicality and visual appeal of both indoor and outdoor spaces. Chairs, tables, beds, desks, and cabinets are among the common examples of furniture serving both functional and aesthetic purposes.

Crafted from diverse materials like wood, metal, plastic, and textiles, furniture has evolved from traditional handmade pieces to mass-produced standardized items with the advent of industrialization. It can be categorized based on its intended use: office furniture tailored for workspaces, outdoor furniture engineered for resilience against weather conditions, and residential furniture focused on comfort and style. The design and arrangement of furniture significantly influence the functionality and ambiance of a space.

Currently, furniture is available in a plethora of styles and designs, ranging from classical and ornate to modern and minimalist, across the Philippines. This wide range aims to cater to the diverse needs and preferences of individuals, highlighting the versatility and adaptability of furniture in meeting evolving lifestyle demands.

The market size of Philippines furniture industry reached US$ 780 million in 2023. The growth in market revenue can largely be attributed to the increase in the number of furniture manufacturers and retail outlets. Moreover, rising urbanization has led to increased demand for furniture in residential, hotel, office, and industrial sectors over the period. In addition, increasing customer awareness about online sales and e-commerce portals for furniture, along with the expansion of services offered by e-retailers such as Lorenz Furniture, has also had a significant impact on the Philippine furniture market in recent years.

The country’s growing middle-class population, coupled with an increasing GDP, has boosted demand for residential property. This surge in demand for housing structures has been the major driver behind the increased demand for furniture in the country. Home furniture therefore dominated the overall Philippines furniture market in 2023, followed by office, hotel and industrial sector.

The Philippines furniture market is largely dominated by the unorganized sector in terms of the number of manufacturers, with approximately 3,720 unorganized furniture companies operating in the country in 2016. This dominance can be attributed to the abundance of raw materials and the availability of cheap, skilled labor, which have fueled the market’s growth. Leveraging locally available resources allows these companies to produce furniture at a lower cost, enabling them to sell products at more competitive prices compared to established companies with multiple retail outlets in the Philippines.

In the Philippines, furniture sales have primarily been dominated by offline retail outlets, franchisee outlets, showrooms, and exclusive stores operated by manufacturers and major players in the industry. Despite the country having approximately 69.05 million internet users in 2023, online sales of furniture made only a minor contribution to overall market revenues. In 2023, brick-and-mortar stores continued to pose significant competition to online players in the Philippines furniture market. These physical retail outlets offered a diverse range of products at competitive prices, attracting a large portion of consumers. Consequently, online sales accounted for only a minor fraction, representing approximately 26.5% of the total sales revenue in the furniture market.

CRI predicts that the furniture industry of Philippines will grow rapidly during the forecast period (2024-2033). Rise in domestic as well export demand of furniture products is anticipated to result in market growth. Since tourism-based enterprises such as hotels, restaurants, museums and leisure service providers face growing needs to update their amenities; the demand for unique furniture items is expected to rise sharply. Apart from the robust hotel sector, construction of more condominiums and residential houses in the country is expected to drive the growth of the industry in the coming years. The property sector’s strong growth and families’ easier access to housing credit will also increase demand for household items and most importantly furniture products.

According to CRI, the furniture industry of Philippines is poised for significant growth, with expectations to reach a market value of US$ 1,715 million in 2033, with a compound annual growth rate of 8.2% from 2024 to 2033. Additionally, the export value of Philippine furniture is forecasted to reach US$ 3 billion in 2033, reflecting a growth rate of 5.5%.

Topics covered:

Philippines Furniture Industry Overview
The economic and policy environment of Philippines’s furniture industry
Philippines Furniture Industry Market Size, 2024-2033
Analysis of the main Philippines furniture production enterprises
Key drivers and market opportunities for Philippines’s furniture industry
What are the key drivers, challenges and opportunities for Philippines’s furniture industry during the forecast period 2024-2033?
Which companies are the key players in the Philippines furniture industry market and what are their competitive advantages?
What is the expected revenue of Philippines furniture industry market during the forecast period 2024-2033?
What are the strategies adopted by the key players in the market to increase their market share in the industry?
Which segment of the Philippines furniture industry market is expected to dominate the market by 2032?
What are the main negative factors facing the furniture industry in Philippines?

1. Overview of Philippines

1.1 Geographical Situation

1.2 Demographic Structure of Philippines

1.3 The Economic Situation in Philippines

1.4 Minimum Wage in Philippines 2014-2023

1.5 Impact of COVID-19 on the Furniture Industry in Philippines

2. Overview of Philippines Furniture Industry

2.1 History of Philippines Furniture Industry Development

2.2 FDI in Philippines Furniture Industry

2.3 Social Environment of Philippines Furniture Industry

2.4 Policy Environment of Philippines Furniture Industry

3. Philippines Furniture Industry Supply and Demand Situation

3.1 Philippines Furniture Industry Supply Situation

3.2 Philippines Furniture Industry Demand Situation

4. Philippines Furniture Industry Import and Export Situation

4.1 Philippines Furniture Industry Import Situation

4.1.1 Import Volume and Import Value of Philippines Furniture Industry

4.1.2 Main Import Sources of Philippines Furniture

4.2 Philippines Furniture Industry Export Situation

4.2.1 Export Volume and Import Value of Philippines Furniture Industry

4.2.2 Main Export Destinations of Philippines Furniture

5. Cost Analysis of the Philippines Furniture Industry

5.1 Cost Analysis of Philippines Furniture Industry

5.1.1 Labor costs

5.1.2 Cost of raw materials

5.1.3 Other costs

5.2 Price Analysis of Philippines Furniture

6. Market Competition of Philippines Furniture Industry

6.1 Barriers to entry in the Philippines Furniture Industry

6.1.1 Brand Barriers

6.1.2 Quality Barriers

6.1.3 Capital Barriers

6.2 Competitive Structure of Philippines Furniture Industry

6.2.1 Bargaining Power of Upstream Suppliers

6.2.2 Consumer Bargaining Power

6.2.3 Competition in Philippines Furniture Industry

6.2.4 Threat of Potential Entrants

6.2.5 Threat of Substitutes

7. Analysis of Top 10 Furniture Brands in Philippines, 2023

7.1 IKEA

7.1.1 Corporate Profile of IKEA

7.1.2 Operations of IKEA in Philippines

7.2 West Elm

7.2.1 Corporate Profile of West Elm

7.2.2 Operations of West Elm in Philippines

7.3 Pottery Barn

7.3.1 Corporate Profile of Pottery Barn

7.3.2 Operations of Pottery Barn in Philippines

7.4 Ethan Allen

7.4.1 Corporate Profile of Ethan Allen

7.4.2 Operations of Ethan Allen in Philippines

7.5 Dimensione

7.5.1 Corporate Profile of Dimensione

7.5.2 Operations of Dimensione

7.6 Mandaue Foam

7.6.1 Corporate Profile of Mandaue Foam

7.6.2 Operations of Mandaue Foam in Philippines

7.7 Crate & Barrel Philippines

7.7.1 Corporate Profile of Crate & Barrel Philippines

7.7.2 Operations of Crate & Barrel Philippines

7.8 SM Home

7.8.1 Corporate Profile of SM Home

7.8.2 Operations of SM Home in Philippines

7.9 MOD Living Furnishing

7.9.1 Corporate Profile of MOD Living Furnishing

7.9.2 Operations of MOD Living Furnishing in Philippines

7.10 Trunc

7.10.1 Corporate Profile of Trunc

7.10.2 Operations of Trunc in Philippines

8. Philippines Furniture Industry Outlook, 2024-2033

8.1 Analysis of Factors Influencing the Development of the Philippines Furniture Industry

8.1.1 Drivers and Development Opportunities

8.1.2 Threats and Challenges

8.2 Supply Forecast of Philippines Furniture Industry, 2024-2033

8.3 Demand Forecast of Philippines Furniture Industry, 2024-2033

8.4 Import and Export Forecast of Philippines Furniture Industry, 2024-2033

LIST OF CHARTS

Chart Total population of Philippines 2008-2023

Chart GDP per capita in Philippines 2013-2023

Chart Furniture Industry Related Policies Issued by the Philippines Government 2018-2024

Chart Market size of furniture industry in Philippines

Chart 2019-2023 Philippines furniture industry imports

Chart 2019-2023 Philippines furniture industry import amount

Chart 2019-2023 Philippines furniture industry importers and import value

Chart 2019-2023 Export volume of Philippines’s furniture industry

Chart 2019-2023 Export value of Philippines’s furniture industry

Chart Exporting countries and export value of Philippines’s furniture industry in 2019-2023

Chart 2024-2033 Philippines furniture industry production forecast

Chart 2024-2033 Philippines Furniture Market Size Forecast

Chart 2024-2033 Philippines furniture industry import forecast

Chart 2024-2033 Export forecast for Philippines’s furniture industry

The post Philippines Furniture Industry Research Report 2024-2033 first appeared on CRI Report.

Indonesia Rice Industry Research Report 2024-2033

admin — Thu, 22 Feb 2024 17:31:29 +0000

Indonesia Rice Industry

Rice production in Indonesia is an important part of the national economy. Indonesia is the third largest rice producer in the world. It is also a world-renowned net importer of rice. Although Indonesia is a major rice producer, it is also one of the world’s largest per capita rice consumers. Indonesians consume approximately 140 kilograms of rice per person per year. Coupled with population growth and a lack of high-tech agriculture, the rice produced in the country cannot meet the needs of the local population.

According to CRI, Indonesia’s rice production in 2022 was about 35.05 million tons, and domestic consumption was 35.98 million tons. In 2023, rice production was 34.33 million tons, which still could not meet the domestic demand for rice in Indonesia. According to CRI forecast, due to the extreme hot weather and slow imports, rice stocks in Indonesia will continue to decline.

Indonesia is a net importer of rice, meaning it buys more rice from other countries than it sells. The country’s reliance on imported rice is expected to increase.

The Indonesian government has said that the imports are to meet domestic demand in the event of a low farmer’s harvest. There is also a need to ensure stockpile security.

In 2023, Indonesia approved a rice import quota of 3.8 million tons, but only 2.74 million tons were actually imported; this included more than 1 million tons of rice from Vietnam. At the beginning of 2024, the Indonesian government also approved an import quota of 2 million tons of rice for 2024, plus 1.06 million tons of unused quota for 2023. CRI expects that in 2024, Indonesia will need to purchase 3.06 million tons of rice.

According to statistics, at the beginning of February 2024, the average export price of 5% broken rice from Thailand was the highest in the world at US$653 per ton, from Vietnam at US$639 per ton, and from Pakistan at US$637 per ton.

Indonesia’s target for 2024 is to produce 55.42 million tons of domestically produced rice, a figure higher than the 2023 target of 54.5 million tons. Nonetheless, the Indonesian government will still import rice in 2024, with an estimated import volume of more than 3 million tons.

The price of rice in Indonesia is also rising as Indonesian rice stocks are declining. In 2024, the approximate wholesale price range for Indonesian rice is between $0.56 and $1.47 per kilogram, or between $0.25 and $0.66 per pound. The import price per kilogram of rice into Indonesia has been quite volatile over the past five years. In 2017, the price was USD 0.92, followed by a sharp decline to USD 0.46 in 2018. This was followed by a significant increase to USD 2.45 in 2019, and a further increase to USD 2.76 in 2020. The price then drops to USD 0.80 in 2021, before settling at USD 0.66 in 2022. In 2023, the price of rice will remain at $0.66, and we predict that it will increase slightly to $0.68 in 2024.

One of the key challenges in the Indonesian rice market is to achieve self-sufficiency in rice production. The country is highly dependent on rice imports, making it vulnerable to fluctuations in international prices and supply disruptions. Addressing issues such as land availability, modernizing farming practices and improving infrastructure are critical to increasing domestic rice production.

The Indonesian provinces that produce the most rice are South Sumatra, West Java, Central Java, East Java, and South Sulawesi. Given Indonesia’s large rice consuming population and the risks of being a rice importer when food prices rise, Indonesia has made achieving rice self-sufficiency a top priority. In fact, the country aims to become a rice exporter. According to CRI, from 2024 to 2033, Indonesia will import more and more rice.

Topics covered:

Indonesia Rice Industry Overview
The economic and policy environment of Indonesia’s rice industry
Indonesia Rice Industry Market Size, 2024-2033
Analysis of the main Indonesia rice production enterprises
Key drivers and market opportunities for Indonesia’s rice industry
What are the key drivers, challenges and opportunities for Indonesia’s rice industry during the forecast period 2024-2033?
Which companies are the key players in the Indonesia rice industry market and what are their competitive advantages?
What is the expected revenue of Indonesia rice industry market during the forecast period 2024-2033?
What are the strategies adopted by the key players in the market to increase their market share in the industry?
Which segment of the Indonesia rice industry market is expected to dominate the market by 2033?
What are the main negative factors facing the rice industry in Indonesia?

1 Indonesia at a Glance

1.1 Geographical situation

1.2 Indonesia’s Demographic Structure

1.3 Indonesia’s economic situation

1.4 Minimum Wage in Indonesia, 2013-2024

1.5 Impact of COVID-19 on the Rice Industry in Indonesia

2 Overview of the rice industry in Indonesia

2.1 History of the Rice Industry in Indonesia

2.2 FDI in Rice Industry in Indonesia

2.3 Policy environment of the rice industry in Indonesia

3 Supply and Demand Situation of Rice Industry in Indonesia

3.1 Supply Situation of Rice Industry in Indonesia

3.2 Demand for Rice in Indonesia

3.3 Indonesia Rice Industry Segment Analysis

3.3.1 Direct consumption

3.3.2 Use as raw material

4 Import and export status of the rice industry in Indonesia

4.1 Import status of the Indonesian rice industry

4.1.1 Import Volume and Value of Indonesia Rice Industry

4.1.2 Major Import Sources of Indonesia’s Rice Industry

4.2 Export status of the Indonesian rice industry

4.2.1 Indonesia Rice Industry Export Volume and Value

4.2.2 Major Export Destinations of Indonesia’s Rice Industry

5 Price and cost analysis of the rice industry in Indonesia

5.1 Cost Analysis of Rice Industry in Indonesia

5.1.1 Labor costs

5.1.2 Cost of agricultural production materials

5.1.3 Other costs

5.2 Indonesia Rice Price Analysis

6 Competition in the Indonesian rice industry market

6.1 Barriers to Entry in Indonesia’s Rice Industry

6.1.1 Brand Barriers

6.1.2 Quality barriers

6.1.3 Capital barriers

6.2 Competitive structure of the rice industry in Indonesia

6.2.1 Bargaining power of rice industry suppliers

6.2.2 Consumer bargaining power

6.2.3 Competition in the Indonesian Rice Industry

6.2.4 Potential entrants in the rice industry

6.2.5 Substitutes in the rice industry

7 Analysis of Major Rice Companies in Indonesia

7.1 PT. Sanmas

7.1.1 PT. Sanmas Corporate Profile

7.1.2 PT. Sanmas Operations

7.2 PT. SEGER AGRO NUSANTARA

7.2.1 PT. SEGER AGRO NUSANTARA Corporate Profile

7.2.2 PT. SEGER AGRO NUSANTARA operations

7.3 Perum BULOG

7.3.1 Perum BULOG Corporate Profile

7.3.2 Perum BULOG operational status

7.4 PT Perusahaan Perdagangan Indonesia

7.4.1 PT Perusahaan Perdagangan Indonesia Corporate Profile

7.4.2 PT Perusahaan Perdagangan Indonesia Operation Status

7.5 PT Buyung Poetra Sembada Tbk

7.5.1 PT Buyung Poetra Sembada Tbk Company Profile

7.5.2 PT Buyung Poetra Sembada Tbk operational status

7.6 PT GIEB Indonesia

7.6.1 PT GIEB Indonesia Corporate Profile

7.6.2 PT GIEB Indonesia Operations

7.7 Luqman Hakim Noegroho Putro

7.7.1 Luqman Hakim Noegroho Putro Corporate Profile

7.7.2 Luqman Hakim Noegroho Putro Operation Status

7.8 Pt. Kaizen Agro Persada

7.8.1 Pt. Kaizen Agro Persada corporate profile

7.8.2 Pt. Kaizen Agro Persada operations

8 Indonesia Rice Industry Outlook 2024-2033

8.1 Analysis of Factors for the Development of the Rice Industry in Indonesia

8.1.1 Drivers and Development Opportunities for Indonesia’s Rice Industry

8.1.2 Threats and Challenges Facing the Rice Industry in Indonesia

8.2 Indonesia Rice Industry Supply Forecast

8.3 Market Demand Forecast for Indonesia Rice Industry

8.4 Export and Import Forecast on Indonesia’s Rice Industry

LIST OF CHARTS

Chart Total population of Indonesia 2013-2023

Chart GDP per capita in Indonesia 2013-2023

Chart Rice Industry Related Policies Issued by the Indonesia Government 2018-2024

Chart Market size of rice industry in Indonesia

Chart Domestic consumption in the rice industry in Indonesia 2018-2023

Chart 2019-2023 Indonesia rice industry imports

Chart 2019-2023 Indonesia rice industry import amount

Chart 2019-2023 Indonesia rice industry importers and import value

Chart 2019-2023 Export volume of Indonesia’s rice industry

Chart 2019-2023 Export value of Indonesia’s rice industry

Chart Exporting countries and export value of Indonesia’s rice industry in 2019-2023

Chart 2024-2033 Indonesia rice industry production forecast

Chart 2024-2033 Indonesia Rice Market Size Forecast

Chart 2024-2033 Indonesia rice industry import forecast

Chart 2024-2033 Export forecast for Indonesia’s rice industry

The post Indonesia Rice Industry Research Report 2024-2033 first appeared on CRI Report.

Vietnam Furniture Industry Research Report 2024-2033

admin — Thu, 22 Feb 2024 17:31:29 +0000

Vietnam Furniture Industry

Vietnam is a promising hub for furniture manufacturing thanks to its low tariffs, easy trade environment, convenient logistics and a wide range of materials. The growth of the Vietnamese furniture market is driven by a number of factors, including rising disposable income, increasing urbanization, and growing demand for furniture from export markets.

According to CRI, the market is also expected to benefit from government initiatives to promote the furniture industry. The major segments of the Vietnam furniture market are living room furniture, bedroom furniture, kitchen furniture, office furniture, and outdoor furniture.

In 2023, the market size of the Vietnam furniture market reached USD 1.4 billion. According to CRI’s analysis, the Vietnam furniture market size is estimated at USD 2.56 billion in 2033 with a CAGR of 6.2% from 2024 to 2033.

The furniture market in Vietnam has been growing steadily in recent years. The export volume of Vietnamese furniture has been increasing, surpassing countries such as Germany and Poland. The country has become the second largest furniture exporter and the sixth largest furniture producer, according to an industry association.

According to CRI, Vietnamese furniture is exported to more than 120 countries, with the United States, the United Kingdom, Canada, Australia, and Japan being the main markets. Exports have been the main driver of the country’s furniture industry, growing from $5 billion to nearly $20 billion over the past decade.

According to CRI, it can be seen that the potential of furniture industry in Vietnam is abundant. Among them, bedroom furniture leads the market. This category includes a range of items such as beds, bedside tables, chests of drawers, wall shelves, and children’s beds, among others.

The driving force behind the robust market growth is the nation’s improved standard of living, which has resulted in a significant increase in demand for quality bedroom furniture. Another growing trend driving the market is the export of wood products. The United States is the top export destination for Vietnamese wood products. In addition, China is another important export market for Vietnamese wood and wood furniture.

CRI expects the export value of Vietnamese furniture products to grow rapidly from 2024 to 2033 as a large number of furniture manufacturers relocate to Vietnam, with the Vietnamese furniture industry upgrading both products and technology.

Topics covered:

Vietnam Furniture Industry Overview
The economic and policy environment of Vietnam’s furniture industry
Vietnam Furniture Industry Market Size, 2024-2033
Analysis of the main Vietnam furniture production enterprises
Key drivers and market opportunities for Vietnam’s furniture industry
What are the key drivers, challenges and opportunities for Vietnam’s furniture industry during the forecast period 2024-2033?
Which companies are the key players in the Vietnam furniture industry market and what are their competitive advantages?
What is the expected revenue of Vietnam furniture industry market during the forecast period 2024-2033?
What are the strategies adopted by the key players in the market to increase their market share in the industry?
Which segment of the Vietnam furniture industry market is expected to dominate the market by 2032?
What are the main negative factors facing the furniture industry in Vietnam?

1 Overview of Vietnam

1.1 Geographical situation

1.2 Demographic structure of Vietnam

1.3 The economic situation in Vietnam

1.4 Minimum Wage in Vietnam 2013-2022

1.5 Impact of COVID-19 on the furniture industry in Vietnam

2 Overview of Vietnam’s furniture industry

2.1 History of Vietnamese architecture development

2.2 FDI in Vietnam’s furniture sector

2.3 Policy environment of Vietnam’s furniture industry

3 Vietnam furniture industry supply and demand situation

3.1 Vietnam furniture industry supply situation

3.2 Vietnam furniture industry demand situation

4 Vietnam furniture industry import and export status

4.1.1 Vietnam’s furniture imports and import volume

4.1.2 Main import sources of Vietnamese furniture

4.2 Vietnam’s furniture industry export status

4.2.1 Vietnam’s furniture export volume and export value

4.2.2 Vietnam’s main export destinations for furniture

5 Cost analysis of the furniture industry in Vietnam

5.1 Cost Analysis of Vietnam Furniture Industry

5.1.1 Labor costs

5.1.2 Cost of raw materials

5.1.3 Other costs

5.2 Price Analysis of Vietnam Furniture

6 Vietnam Furniture Industry Market Competition

6.1 Barriers to entry in Vietnam’s furniture industry

6.1.1 Brand barriers

6.1.2 Quality Barriers

6.1.3 Capital Barriers

6.2 Competitive structure of Vietnam’s furniture industry

6.2.1 Bargaining power of furniture suppliers

6.2.2 Consumer bargaining power

6.2.3 Competition in Vietnam’s furniture industry

6.2.4 Potential entrants in the furniture industry

6.2.5 Alternatives to furniture

7. Analysis of Top 10 Furniture Brands in Vietnam, 2023

7.1 Nitori Furniture Vietnam EPE

7.1.1 Nitori Furniture Vietnam EPE Corporate Profile

7.1.2 Nitori Furniture Vietnam EPE Enterprise Operation Status

7.2 Rochdale Spears Company

7.2.1 Rochdale Spears Company Corporate Profile

7.2.2 Rochdale Spears Company Enterprise Operation Status

7.3 Kaiser 1 Furniture Industry (Vietnam) CO.，LTD

7.3.1 Kaiser 1 Furniture Industry (Vietnam) CO.，LTD Corporate Profile

7.3.2 Kaiser 1 Furniture Industry (Vietnam) CO.，LTD Corporate Operation Status

7.4 Le Hoang Minh Co.， Ltd

7.4.1 Le Hoang Minh Co.， Ltd Corporate Profile

7.4.2 Le Hoang Minh Co.， Ltd Corporate Operations

7.5 ScanCom Vietnam Company Limited

7.5.1 ScanCom Vietnam Company Limited Corporate Profile

7.5.2 ScanCom Vietnam Company Limited Enterprise Operation Status

7.6 Aa Tay Ninh Corporation

7.6.1 Aa Tay Ninh Corporation Corporate Profile

7.6.2 Aa Tay Ninh Corporation Corporate Operation Status

7.7 THE ONE FURNITURE T&M JSC

7.7.1 THE ONE FURNITURE T&M JSC Corporate Profile

7.7.2 THE ONE FURNITURE T&M JSC Corporate Operation Status

7.8 MOHO Furniture

7.8.1 Corporate Profile of MOHO Furniture

7.8.2 MOHO Furniture Corporate Operation Status

7.9 Duc Thanh Wood Processing JSC

7.9.1 Duc Thanh Wood Processing JSC Company Profile

7.9.2 Duc Thanh Wood Processing JSC Corporate Operation Status

7.10 Tran Duc Furnishings

7.10.1 Tran Duc Furnishings Corporate Profile

7.10.2 Tran Duc Furnishings Corporate Operation Status

8 Vietnam Furniture Industry Outlook 2023-2032

8.1 Analysis of development factors in Vietnam’s furniture industry

8.1.1 Drivers and Development Opportunities in Vietnam’s Furniture Industry

8.1.2 Threats and challenges to the Vietnamese furniture industry

8.2 Vietnam Furniture Industry Supply Forecast

8.3 Vietnam Furniture Market Demand Forecast

8.4 Vietnam furniture industry import and export forecast

LIST OF CHARTS

Chart Total population of Thailand 2008-2023

Chart GDP per capita in Thailand 2013-2023

Chart Furniture Industry Related Policies Issued by the Thailand Government 2018-2024

Chart Market size of furniture industry in Thailand

Chart 2019-2023 Thailand furniture industry imports

Chart 2019-2023 Thailand furniture industry import amount

Chart 2019-2023 Thailand furniture industry importers and import value

Chart 2019-2023 Export volume of Thailand’s furniture industry

Chart 2019-2023 Export value of Thailand’s furniture industry

Chart Exporting countries and export value of Thailand’s furniture industry in 2019-2023

Chart 2024-2033 Thailand furniture industry production forecast

Chart 2024-2033 Thailand Furniture Market Size Forecast

Chart 2024-2033 Thailand furniture industry import forecast

Chart 2024-2033 Export forecast for Thailand’s furniture industry

The post Vietnam Furniture Industry Research Report 2024-2033 first appeared on CRI Report.

Thailand Furniture Industry Research Report 2024-2033

admin — Thu, 22 Feb 2024 17:31:29 +0000

Thailand Furniture Industry

Furniture refers to movable objects designed to facilitate various human activities, such as sitting, reclining, or storing items. Common examples of furniture include chairs, tables, beds, desks, and cabinets, each of which serves both functional and aesthetic purposes to enhance the practicality and visual appeal of indoor and outdoor spaces.

Furniture is made from a variety of materials, including wood, metal, plastic, and textiles. Traditionally, furniture was handmade, but the rise of industrialization led to the mass production of standardized items. Furniture can also be categorized based on its intended use. Office furniture is specifically designed for workspaces, outdoor furniture is designed to withstand weather conditions, and residential furniture is focused on providing comfort and enhancing style. The design and arrangement of furniture play a key role in shaping the functionality and ambience of a space. Currently, furniture in Thailand is available in a variety of styles and designs, ranging from classic and ornate to modern and minimalist, to meet the diverse needs of individuals.

Thailand is in the midst of a transformation from a predominantly rural country to an increasingly urban one. Over the past decade, the country’s urbanization rate has shifted from 46.19 percent in 2013 to 53.64 percent in 2023, representing a compound annual growth rate (CAGR) of 1.51 percent. According to CRI, this means that more than half of the population currently lives in cities and urban areas. While Thailand’s urbanization rates are still low compared to other developed nations, which can reach levels of 80-90 percent, this transformation in Thailand is still significant, especially as most of this growth is occurring and is expected to occur in the Krung Thep area, better known as Bangkok, the capital and largest city in Thailand. Krung Thep is now home to more than 11.2 million people and the number of tourists and overnight visitors to this city is also on the rise. These dynamics boost the demand for furniture and stimulate the development of the Thai furniture industry.

However, the Thai furniture industry still faces several challenges in today’s competitive landscape. Intense competition from neighboring countries such as Vietnam and Malaysia exert price pressure, and fluctuating raw material costs, especially for wood, may hinder the growth of the furniture market in Thailand.

What’s more, one area that will contribute to the furniture market’s long-term growth is the millennial demographic. As millions of millennials prepare to buy their first homes in the next few years, there is an opportunity for furniture retailers to capture market share by paying close attention to their buying behaviors and preferences. Hereby, CRI predicts a modest growth trajectory for the furniture industry in Thailand, the furniture market size in Thailand is expected to reach US$ 2.41 billion in 2033 with a compound annual growth rate (CAGR) of 4.1% from 2024 to 2033.

As one of the fastest-growing furniture manufacturers and most popular furniture exporters in Asia-Pacific region, furniture market of Thailand is highly segmented and competitive. In 2023, the export value of furniture in Thailand reached US$ 1.38 billion. According to CRI, the export value of furniture in Thailand is projected to increase with a compound annual growth rate (CAGR) of 4.2%, reaching more than US$2 billion by 2033.

Topics covered:

Thailand Furniture Industry Overview
The economic and policy environment of Thailand’s furniture industry
Thailand Furniture Industry Market Size, 2024-2033
Analysis of the main Thailand furniture production enterprises
Key drivers and market opportunities for Thailand’s furniture industry
What are the key drivers, challenges and opportunities for Thailand’s furniture industry during the forecast period 2024-2033?
Which companies are the key players in the Thailand furniture industry market and what are their competitive advantages?
What is the expected revenue of Thailand furniture industry market during the forecast period 2024-2033?
What are the strategies adopted by the key players in the market to increase their market share in the industry?

1. Overview of Thailand

1.1 Geographical Situation

1.2 Demographic Structure of Thailand

1.3 The Economic Situation in Thailand

1.4 Minimum Wage in Thailand 2014-2023

1.5 Impact of COVID-19 on the Furniture Industry in Thailand

2. Overview of Thailand Furniture Industry

2.1 History of Thailand Furniture Industry Development

2.2 FDI in Thailand Furniture Industry

2.3 Social Environment of Thailand Furniture Industry

2.4 Policy Environment of Thailand Furniture Industry

3. Thailand Furniture Industry Supply and Demand Situation

3.1 Thailand Furniture Industry Supply Situation

3.2 Thailand Furniture Industry Demand Situation

4. Thailand Furniture Industry Import and Export Situation

4.1 Thailand Furniture Industry Import Situation

4.1.1 Import Volume and Import Value of Thailand Furniture Industry

4.1.2 Main Import Sources of Thailand Furniture

4.2 Thailand Furniture Industry Export Situation

4.2.1 Export Volume and Import Value of Thailand Furniture Industry

4.2.2 Main Export Destinations of Thailand Furniture

5. Cost Analysis of the Thailand Furniture Industry

5.1 Cost Analysis of Thailand Furniture Industry

5.1.1 Labor costs

5.1.2 Cost of raw materials

5.1.3 Other costs

5.2 Price Analysis of Thailand Furniture

6. Market Competition of Thailand Furniture Industry

6.1 Barriers to entry in the Thailand Furniture Industry

6.1.1 Brand Barriers

6.1.2 Quality Barriers

6.1.3 Capital Barriers

6.2 Competitive Structure of Thailand Furniture Industry

6.2.1 Bargaining Power of Upstream Suppliers

6.2.2 Consumer Bargaining Power

6.2.3 Competition in Thailand Furniture Industry

6.2.4 Threat of Potential Entrants

6.2.5 Threat of Substitutes

7. Analysis of Top 10 Furniture Brands in Thailand, 2023

7.1 PLATO

7.1.1 Corporate Profile of PLATO

7.1.2 Annual Revenue of PLATO in Thailand

7.2 Asalon Co., Ltd

7.2.1 Corporate Profile of Asalon Co., Ltd

7.2.2 Annual Revenue of Asalon Co., Ltd in Thailand

7.3 Gerard Collection

7.3.1 Corporate Profile of Gerard Collection

7.3.2 Annual Revenue of Gerard Collection in Thailand

7.4 Corner 43 Decor

7.4.1 Corporate Profile of Corner 43 Decor

7.4.2 Annual Revenue of Corner 43 Decor in Thailand

7.5 AD ASIA Manufacturers Co., Ltd

7.5.1 Corporate Profile of AD ASIA Manufacturers Co., Ltd

7.5.2 Annual Revenue of AD ASIA Manufacturers Co., Ltd

7.6 Rockworth Public Company

7.6.1 Corporate Profile of Rockworth Public Company

7.6.2 Annual Revenue of Rockworth Public Company in Thailand

7.7 SARNN

7.7.1 Corporate Profile of SARNN

7.7.2 Annual Revenue of SARNN in Thailand

7.8 iBalDesigns

7.8.1 Corporate Profile of iBalDesigns

7.8.2 Annual Revenue of iBalDesigns and in Thailand

7.9 IKEA

7.9.1 Corporate Profile of IKEA

7.9.2 Annual Revenue of IKEA in Thailand

7.10 Modernform Group

7.10.1 Corporate Profile of Modernform Group

7.10.2 Annual Revenue of Modernform Group in Thailand

8. Thailand Furniture Industry Outlook, 2024-2033

8.1 Analysis of Factors Influencing the Development of the Thailand Furniture Industry

8.1.1 Drivers and Development Opportunities

8.1.2 Threats and Challenges

8.2 Supply Forecast of Thailand Furniture Industry, 2024-2033

8.3 Demand Forecast of Thailand Furniture Industry, 2024-2033

8.4 Import and Export Forecast of Thailand Furniture Industry, 2024-2033

The post Thailand Furniture Industry Research Report 2024-2033 first appeared on CRI Report.

India Paper Industry Research Report 2024-2033

admin — Thu, 22 Feb 2024 17:31:28 +0000

India Paper Industry

Paper and pulp are two related products and processes within the paper industry. Pulp refers to a fibrous material obtained from wood or other plant-based sources through a process called pulping. Paper is a thin material made from pulp, which consists primarily of cellulose fibers. India’s paper and pulp market are the fastest growing in the world. Demand for paper products, including packaging, writing and printing papers, and specialty papers, has been steadily increasing.

The paper industry in India produces 5% of the world’s total paper. India accounts for about 5% of the global paper market. The market will be worth about USD 8 billion by 2022. India is the 15th largest paper producer in the world. The paper production increased by 67,100 tons in January 2023. During April 2022-January 2023, the paper production increased by 6.7%. Production reached 5,553,900 tons in the ten months ending January 2023. The production of paper products in November 2022 increased by 11.1% over the production in November 2021. The month earned INR 12,892 million on paper products. In April-November 2022, the production of paper products increased by 24.4%. The eight-month production value was 107,909 million INR, which ended in November 2022. Initial results of the paper products industry indicate a 4.5% year-on-year growth in sales revenue in the December 2022 quarter.

According to the CRI report, exports of paper and paperboard from India jumped nearly 80% in 2021-22 to a record INR 1396.3 billion. In value terms, exports of coated paper and paperboard increased by 100%, uncoated writing and printing paper by 98%, tissue paper by 75% and kraft paper by 37%. In volume terms, paper exports from India have increased four times from 0.66 million tons in 2016-17 to 2.85 million tons in 2021-22. Similarly, in value terms, the figures for the corresponding years have increased from INR 304.1 billion to INR 1396.3 billion.

According to CRI’s forecast, the market value of the Indian paper industry will be USD 19.1 billion in 2033 and is expected to grow strongly from 2024 to 2033 at a CAGR of around 7.5%.

Forecast on market size of the India Paper industry

There are three main reasons for the future growth trend of the Indian paper industry. The first reason is the increase in the literacy rate of the Indian population due to the universalization of education by the Indian government. With the increase in literacy rate, more and more students are entering the education system and the demand for notepads, textbooks and supplementary materials is also increasing, giving a positive boost to the paper industry. The second reason is the rising demand for corrugated paper and other packaging paper in the Indian market as the economy grows. The third reason is the rising demand for household paper in the Indian market.

Topics covered:

India Paper Industry Overview
The economic and policy environment of India’s paper industry
India Paper Industry Market Size, 2023-2032
Analysis of the main India paper production enterprises
Key drivers and market opportunities for India’s paper industry
What are the key drivers, challenges and opportunities for India’s paper industry during the forecast period 2023-2032?
Which companies are the key players in the India paper industry market and what are their competitive advantages?
What is the expected revenue of India paper industry market during the forecast period 2023-2032?
What are the strategies adopted by the key players in the market to increase their market share in the industry?
Which segment of the India paper industry market is expected to dominate the market by 2032?
What are the main negative factors facing the paper industry in India?

1 India at a Glance

1.1 Geographical situation

1.2 India’s Demographic Structure

1.3 India’s economic situation

1.4 Minimum Wage in India, 2014-2023

1.5 Impact of COVID-19 on the Paper Industry in India

2 Overview of the paper industry in India

2.1 History of the Paper Industry in India

2.2 FDI in Paper Industry in India

2.3 Policy environment of the paper industry in India

3 Supply and Demand Situation of Paper Industry in India

3.1 Supply Situation of Paper Industry in India

3.2 Demand for Paper in India

3.3 India Paper Industry Segment Analysis

3.3.1 Packaging paper

3.3.2 Household paper

3.3.3 Printing and writing paper

4 Import and export status of the paper industry in India

4.1 Import status of the Indian paper industry

4.1.1 Import Volume and Value of India Paper Industry

4.1.2 Major Import Sources of India’s Paper Industry

4.2 Export status of the Indian paper industry

4.2.1 India Paper Industry Export Volume and Value

4.2.2 Major Export Destinations of India’s Paper Industry

5 Price and cost analysis of the paper industry in India

5.1 Cost Analysis of Paper Industry in India

5.1.1 Manpower costs

5.1.2 Cost of raw materials

5.1.3 Other costs

5.2 India Paper Industry Price Analysis

6 Competition in the Indian paper industry market

6.1 Barriers to Entry in India’s Paper Industry

6.1.1 Brand Barriers

6.1.2 Quality barriers

6.1.3 Capital barriers

6.2 Competitive structure of the paper industry in India

6.2.1 Bargaining power of paper industry suppliers

6.2.2 Consumer bargaining power

6.2.3 Competition in the Indian Paper Industry

6.2.4 Potential entrants in the paper industry

6.2.5 Substitutes in the paper industry

7 Analysis of Major Paper Manufacturing and Trading Companies in India

7.1 Ballarpur Industries Limited

7.1.1 Ballarpur Industries Limited Corporate Profile

7.1.2 Ballarpur Industries Limited Operations

7.2 ITC Limited

7.2.1 ITC Limited Corporate Profile

7.2.2 ITC Limited operations

7.3 Tamil Nadu Newsprint and Papers Limited

7.3.1 Tamil Nadu Newsprint and Papers Limited Corporate Profile

7.3.2 Tamil Nadu Newsprint and Papers Limited operational status

7.4 JK Paper Ltd.

7.4.1 JK Paper Ltd. Corporate Profile

7.4.2 JK Paper Ltd. Operation Status

7.5 Century Pulp and Paper

7.5.1 Century Pulp and Paper Company Profile

7.5.2 Century Pulp and Paper operational status

7.6 N R Agarwal Industries Limited

7.6.1 N R Agarwal Industries Limited Corporate Profile

7.6.2 N R Agarwal Industries Limited Operations

7.7 Emami Paper Mills Ltd.

7.7.1 Emami Paper Mills Ltd. Corporate Profile

7.7.2 Emami Paper Mills Ltd. Operation Status

7.8 West Coast Paper Mills Limited (WCPM)

7.8.1 West Coast Paper Mills Limited (WCPM) corporate profile

7.8.2 West Coast Paper Mills Limited (WCPM) operations

7.9 Seshasayee Paper And Boards Limited

7.9.1 Seshasayee Paper And Boards Limited Corporate Profile

7.9.2 Seshasayee Paper And Boards Limited operations

7.10 The Andhra Pradesh Paper Mills Ltd.

7.10.1 The Andhra Pradesh Paper Mills Ltd. Corporate Profile

7.10.2 The Andhra Pradesh Paper Mills Ltd. Operations

8 India Paper Industry Outlook 2023-2032

8.1 Analysis of Factors for the Development of the Paper Industry in India

8.1.1 Drivers and Development Opportunities for India’s Paper Industry

8.1.2 Threats and Challenges Facing the Paper Industry in India

8.2 India Paper Industry Supply Forecast

8.3 Market Demand Forecast for India Paper Industry

8.4 Indian Paper Industry Export Forecast

LIST OF CHARTS

Chart Location of India in Asia

Chart Population of India as of the end of 2018-2023

Chart 2011-2023 India GDP per capita

Chart 2015-2024 Minimum Monthly Wage in India

Chart Output Volume of paper and paper products in India

Chart Consumption of paper and paper products in India

Chart Market size of paper and paper products in India

Chart India’s import volume of paper and paper products, 2018-2023

Chart 2018-2023 India’s paper and paper products import Value

Chart India’s main import sources of paper products 2023

Chart Retail Electricity Price of Manufacturing Industry in India

Chart Average price of facial paper in India (USD per ton)

Chart Average price of toilet paper in India (USD per ton)

Chart Average price of printing and writing paper in India (USD per ton)

Chart Average price of corrugated paper in India (USD per ton)

Chart Profile of India Paper Corporation

Chart Forecast on India’s production volume of paper and paper products 2024-2033(Unit in thousand tons)

Chart Forecast on India’s consumption volume of paper and paper products 2024-2033(Unit in thousand tons)

Chart Forecast on market size of India’s paper and paper products 2024-2033

The post India Paper Industry Research Report 2024-2033 first appeared on CRI Report.

Indonesia Construction Industry Research Report 2024-2033

admin — Thu, 22 Feb 2024 17:31:28 +0000

Indonesia Construction Industry

The construction market refers to the industry involved in the planning, design, construction, and maintenance of buildings, infrastructure, and other physical structures. It includes various sectors such as residential, commercial, industrial and infrastructure development. The construction industry in Indonesia is the fourth largest contributor to the country’s GDP, and the residential and industrial sectors are the main areas of economic growth.

According to CRI’s analysis, the market size of Indonesia’s construction industry increased year by year until 2019, from IDR 1,041.95 trillion in 2014 to IDR 1,701.74 trillion in 2019. From 2020, due to the impact of embargoes, supply chain disruptions, and labor shortages from the epidemic, the GDP of Indonesia’s construction industry will decline. Later, due to the boost from urbanization and infrastructure, the GDP of Indonesia’s construction sector increased in 2022.

In 2023, the Indonesia construction market size is estimated at USD 264 billion. According to CRI forecast, the Indonesia construction market size is estimated at USD 283 billion in 2024 and is expected to reach USD 529.1 billion in 2033, growing at a CAGR of 7.2% from 2024 to 2023.

Remote collaboration tools, virtual meetings, and digital project management platforms are now key to project coordination. The shift to non-contact construction methods and the increasing use of automation and robotics are likely to be popular in the construction industry in the future. Indonesia’s construction industry will also shift towards intelligence and digitalization in the future.

Overall, the state of Indonesia’s construction sector remains sound with a strong growth outlook anchored by low inflation, political stability and prudent macroeconomic policies. What remains is to gain a proper understanding of the market and its various niches.

Indonesia, with a population of approximately 280 million people, is the largest economy in Southeast Asia and is expected to continue to grow in the coming years, favorably boosting the construction industry.

Topics covered:

Indonesia Construction Industry Overview
The economic and policy environment of the construction industry in Indonesia
Indonesia construction industry market size, 2024-2033
Analysis of major Indonesia construction industry manufacturers
Key Drivers and Market Opportunities in Indonesia’s Construction Industry
What are the key drivers, challenges and opportunities for the construction industry in Indonesia during the forecast period 2024-2033?
Which companies are the key players in the Indonesia construction industry market and what are their competitive advantages?
What is the expected revenue of Indonesia construction industry market during the forecast period of 2024-2033?
What are the strategies adopted by the key players in the market to increase their market share in the industry?
Which segment of the Indonesia construction industry market is expected to dominate the market in 2032?
What are the main negative factors facing the construction industry in Indonesia?

Related:

1 Overview of Indonesia

1.1 Geographical situation

1.2 Demographic structure of Indonesia

1.3 The economic situation in Indonesia

1.4 Minimum Wage in Indonesia 2013-2022

1.5 Impact of COVID-19 on the construction industry in Indonesia

2 Overview of Indonesia’s construction industry

2.1 History of Indonesia architecture development

2.2 FDI in Indonesia’s construction sector

2.3 Policy environment of Indonesia’s construction industry

3 Indonesia construction industry supply and demand situation

3.1 Indonesia construction industry supply situation

3.2 Indonesia construction industry demand situation

4 Indonesia construction industry import and export status

4.1 Imports and import

4.1.1 Indonesia’s construction imports and import volume

4.1.2 Main import sources of Indonesia construction

4.2 Indonesia’s construction industry export status

4.2.1 Indonesia’s construction export volume and export value

4.2.2 Indonesia’s main export destinations for construction

5 Cost analysis of the construction industry in Indonesia

5.1 Indonesia construction industry cost analysis

5.2 Charges for construction works in Indonesia

6 Indonesia Construction Industry Market Competition

6.1 Barriers to entry in Indonesia’s construction industry

6.1.1 Brand barriers

6.1.2 Quality Barriers

6.1.3 Capital Barriers

6.2 Competitive structure of Indonesia’s construction industry

6.2.1 Bargaining power of construction suppliers

6.2.2 Consumer bargaining power

6.2.3 Competition in Indonesia’s construction industry

6.2.4 Potential entrants in the construction industry

6.2.5 Alternatives to construction

7 Analysis of major construction companies in Indonesia

7.1 PT Wijaya Karya

7.1.1 PT Wijaya Karya Corporate Profile

7.1.2 PT Wijaya Karya Enterprise Revenue Status

7.2 PT ADHI KARYA (Persero) Tbk.

7.2.1 PT ADHI KARYA (Persero) Tbk. Corporate Profile

7.2.2 PT ADHI KARYA (Persero) Tbk. Revenue Status

7.3 PT Pembangunan Perumahan (PP)

7.3.1 PT Pembangunan Perumahan (PP) Corporate Profile

7.3.2 PT Pembangunan Perumahan (PP) Corporate Revenue Status

7.4 PT Hutama Karya

7.4.1 PT Hutama Karya Corporate Profile

7.4.2 PT Hutama Karya Corporate Revenues

7.5 PT Acset Indonusa

7.5.1 PT Acset Indonusa Corporate Profile

7.5.2 PT Acset Indonusa Enterprise Revenue Status

7.6 PT Jaya Konstruksi Manggala Pratama

7.6.1 PT Jaya Konstruksi Manggala Pratama Corporate Profile

7.6.2 PT Jaya Konstruksi Manggala Pratama Corporate Revenue Status

7.7 PT Waskita Karya (Persero) Tbk

7.7.1 PT Waskita Karya (Persero) Tbk Corporate Profile

7.7.2 PT Waskita Karya (Persero) Tbk Corporate Revenue Status

7.8 PT Jasa Marga (Persero) Tbk (Jasa Marga)

7.8.1 Corporate Profile of PT Jasa Marga (Persero) Tbk (Jasa Marga)

7.8.2 PT Jasa Marga (Persero) Tbk (Jasa Marga) Corporate Revenue Status

7.9 PT Totalindo Eka Persada (Totalindo)

7.9.1 PT Totalindo Eka Persada (Totalindo) Company Profile

7.9.2 PT Totalindo Eka Persada (Totalindo) Corporate Revenue Status

7.10 PT PP Presisi Tbk

7.10.1 PT PP Presisi Tbk Corporate Profile

7.10.2 PT PP Presisi Tbk Corporate Revenue Status

8 Indonesia Construction Industry Outlook 2024-2033

8.1 Analysis of development factors in Indonesia’s construction industry

8.1.1 Drivers and Development Opportunities in Indonesia’s Construction Industry

8.1.2 Threats and challenges to the Indonesia construction industry

8.2 Indonesia Construction Industry Supply Forecast

8.3 Indonesia Construction Market Demand Forecast

8.4 Indonesia construction industry import and export forecast

LIST OF CHARTS

Chart Total population of Indonesia 2008-2022

Chart GDP per capita in Indonesia 2013-2022

Chart Construction Industry Related Policies Issued by the Indonesia Government 2018-2022

Chart Market size of construction industry in Indonesia

Chart Domestic consumption in the construction industry in Indonesia 2018-2022

Chart 2019-2023 Indonesia construction industry imports

Chart 2019-2023 Indonesia construction industry import amount

Chart 2019-2023 Indonesia construction industry importers and import value

Chart 2019-2023 Export volume of Indonesia’s construction industry

Chart 2019-2023 Export value of Indonesia’s construction industry

Chart Exporting countries and export value of Indonesia’s construction industry in 2019-2023

Chart 2024-2033 Indonesia construction industry production forecast

Chart 2024-2033 Indonesia Construction Market Size Forecast

Chart 2024-2033 Indonesia construction industry import forecast

Chart 2024-2033 Export forecast for Indonesia’s construction industry

The post Indonesia Construction Industry Research Report 2024-2033 first appeared on CRI Report.

Indonesia Furniture Industry Research Report 2024-2033

admin — Thu, 22 Feb 2024 17:31:28 +0000

Indonesia Furniture Industry

Furniture is made from a variety of materials, including wood, metal, plastic, and textiles. Traditionally, furniture was handmade, but the rise of industrialization led to the mass production of standardized items. Furniture can also be categorized based on its intended use. Office furniture is specifically designed for workspaces, outdoor furniture is designed to withstand weather conditions, and residential furniture is focused on providing comfort and enhancing style. The design and placement of furniture play a key role in shaping the functionality and ambiance of a space. Currently, furniture in Indonesia is available in a variety of styles and designs, ranging from classic and ornate to modern and minimalist, to meet the diverse needs of individuals.

The rapid urbanization in Indonesia is a significant factor driving the growth of the furniture market. According to data from The World Bank Group, in 2022, 57.93% of Indonesia’s population resided in urban areas, with a year-on-year growth rate of 1.77%. According to CRI, this increasing urbanization is directly contributing to the expansion of both residential and commercial infrastructure. As more people move into urban areas, there is a growing demand for stylish and innovative furniture to adorn their homes. Consequently, these dynamics are expected to continue fostering the growth of the furniture market in Indonesia throughout the forecast period.

The burgeoning tourism industry in Indonesia serves as another significant catalyst for market growth. Tourism plays a vital role in the Indonesian economy, generating substantial foreign exchange revenues. Moreover, the increasing influx of tourists has stimulated demand for furniture, particularly in regions experiencing a surge in tourism activity. Bali, known for its thriving tourism sector, has witnessed a notable increase in demand for furniture, driven by the establishment of hotels and resorts. According to CRI, the expanding hospitality sector, propelled by the tourism boom, is poised to bolster furniture market revenues, fueled by the growing need for upscale furniture in hotels across the country. As of November, the number of foreign tourist arrivals in 2023 had reached 10.4 million, an increase of 110.86 percent as compared to the same period in 2022. Notably, Foreign tourist arrivals in Indonesia increased by 30.17% year-on-year to 917.4 thousand in November 2023, amid a sustained recovery in the tourism sector.

However, the primary obstacle to the growth of the furniture market in Indonesia is the instability in raw material prices. Fluctuations in the prices of raw materials, especially for luxury furniture, are primarily driven by factors such as rising raw material costs. This presents a dual challenge for key players in the market, who must grapple with either absorbing the elevated raw material costs or passing them on to consumers by selling products at higher prices, thus exposing major players to the risk of losing market share.

Considering the factors mentioned above and in conjunction with the Indonesian government’s initiatives to boost the country’s furniture export value, CRI predicts a consistent growth trajectory for the furniture industry in Indonesia, with a compound annual growth rate (CAGR) of 6.5% from 2024 to 2033. Consequently, the furniture market in Indonesia is expected to reach US$ 5.80 billion by 2033.

Also, with strong government support and a positive market landscape, furniture manufacturers in Indonesia are expected to increase their export values in the near future. According to CRI, the export value of furniture in Indonesia is projected to increase to US$ 4.11 billion in 2033 with a compound annual growth rate (CAGR) of 8.6% from.

Topics covered:

Indonesia Furniture Industry Overview
The economic and policy environment of Indonesia’s furniture industry
Indonesia Furniture Industry Market Size, 2024-2033
Analysis of the main Indonesia furniture production enterprises
Key drivers and market opportunities for Indonesia’s furniture industry
What are the key drivers, challenges and opportunities for Indonesia’s furniture industry during the forecast period 2024-2033?
Which companies are the key players in the Indonesia furniture industry market and what are their competitive advantages?
What is the expected revenue of Indonesia furniture industry market during the forecast period 2024-2033?
What are the strategies adopted by the key players in the market to increase their market share in the industry?
Which segment of the Indonesia furniture industry market is expected to dominate the market by 2033?
What are the main negative factors facing the furniture industry in Indonesia?

1. Overview of Indonesia

1.1 Geographical Situation

1.2 Demographic Structure of Indonesia

1.3 The Economic Situation in Indonesia

1.4 Minimum Wage in Indonesia 2014-2023

1.5 Impact of COVID-19 on the Furniture Industry in Indonesia

2. Overview of Indonesia Furniture Industry

2.1 History of Indonesia Furniture Industry Development

2.2 FDI in Indonesia Furniture Industry

2.3 Social Environment of Indonesia Furniture Industry

2.4 Policy Environment of Indonesia Furniture Industry

3. Indonesia Furniture Industry Supply and Demand Situation

3.1 Indonesia Furniture Industry Supply Situation

3.2 Indonesia Furniture Industry Demand Situation

4. Indonesia Furniture Industry Import and Export Situation

4.1 Indonesia Furniture Industry Import Situation

4.1.1 Import Volume and Import Value of Indonesia Furniture Industry

4.1.2 Main Import Sources of Indonesia Furniture

4.2 Indonesia Furniture Industry Export Situation

4.2.1 Export Volume and Import Value of Indonesia Furniture Industry

4.2.2 Main Export Destinations of Indonesia Furniture

5. Cost Analysis of the Indonesia Furniture Industry

5.1 Cost Analysis of Indonesia Furniture Industry

5.1.1 Labor costs

5.1.2 Cost of raw materials

5.1.3 Other costs

5.2 Price Analysis of Indonesia Furniture

6. Market Competition of Indonesia Furniture Industry

6.1 Barriers to entry in the Indonesia Furniture Industry

6.1.1 Brand Barriers

6.1.2 Quality Barriers

6.1.3 Capital Barriers

6.2 Competitive Structure of Indonesia Furniture Industry

6.2.1 Bargaining Power of Upstream Suppliers

6.2.2 Consumer Bargaining Power

6.2.3 Competition in Indonesia Furniture Industry

6.2.4 Threat of Potential Entrants

6.2.5 Threat of Substitutes

7. Analysis of Top 10 Furniture Brands in Indonesia, 2023

7.1 Raisa House of Excellence

7.1.1 Corporate Profile of Raisa House of Excellence

7.1.2 Annual Revenue of Raisa House of Excellence in Indonesia

7.2 PT VIVERE Multi Kreasi

7.2.1 Corporate Profile of PT VIVERE Multi Kreasi

7.2.2 Annual Revenue of PT VIVERE Multi Kreasi in Indonesia

7.3 PT. Chitose Internasional Tbk.

7.3.1 Corporate Profile of PT. Chitose Internasional Tbk.

7.3.2 Annual Revenue of PT. Chitose Internasional Tbk. in Indonesia

7.4 Lio Collection

7.4.1 Corporate Profile of Lio Collection

7.4.2 Annual Revenue of Lio Collection in Indonesia

7.5 IKEA Indonesia

7.5.1 Corporate Profile of IKEA Indonesia

7.5.2 Annual Revenue of IKEA Indonesia

7.6 Republic Furniture Group

7.6.1 Corporate Profile of Republic Furniture Group

7.6.2 Annual Revenue of Republic Furniture Group in Indonesia

7.7 Posteak Furniture

7.7.1 Corporate Profile of Posteak Furniture

7.7.2 Annual Revenue of Posteak Furniture in Indonesia

7.8 Wisanka Indonesia

7.8.1 Corporate Profile of Wisanka Indonesia

7.8.2 Annual Revenue of Wisanka Indonesia in Indonesia

7.9 Informa

7.9.1 Corporate Profile of Informa

7.9.2 Annual Revenue of Informa in Indonesia

7.10 Pijar Sukma

7.10.1 Corporate Profile of Pijar Sukma

7.10.2 Annual Revenue of Pijar Sukma in Indonesia

8. Indonesia Furniture Industry Outlook, 2024-2033

8.1 Analysis of Factors Influencing the Development of the Indonesia Furniture Industry

8.1.1 Drivers and Development Opportunities

8.1.2 Threats and Challenges

8.2 Supply Forecast of Indonesia Furniture Industry, 2024-2033

8.3 Demand Forecast of Indonesia Furniture Industry, 2024-2033

8.4 Import and Export Forecast of Indonesia Furniture Industry, 2024-2033

LIST OF CHARTS

Chart Total population of Indonesia 2013-2023

Chart GDP per capita in Indonesia 2013-2023

Chart Furniture Industry Related Policies Issued by the Indonesia Government 2018-2024

Chart Market size of furniture industry in Indonesia

Chart Domestic consumption in the furniture industry in Indonesia 2018-2023

Chart 2019-2023 Indonesia furniture industry imports

Chart 2019-2023 Indonesia furniture industry import amount

Chart 2019-2023 Indonesia furniture industry importers and import value

Chart 2019-2023 Export volume of Indonesia’s furniture industry

Chart 2019-2023 Export value of Indonesia’s furniture industry

Chart Exporting countries and export value of Indonesia’s furniture industry in 2019-2023

Chart 2024-2033 Indonesia furniture industry production forecast

Chart 2024-2033 Indonesia Furniture Market Size Forecast

Chart 2024-2033 Indonesia furniture industry import forecast

Chart 2024-2033 Export forecast for Indonesia’s furniture industry

The post Indonesia Furniture Industry Research Report 2024-2033 first appeared on CRI Report.

Malaysia Construction Industry Research Report 2024-2033

admin — Thu, 22 Feb 2024 17:31:28 +0000

Malaysia Construction Industry

The construction industry encompasses a wide range of activities, including planning, design, and execution, aimed at creating various physical structures such as buildings, infrastructure, and more. It involves the collaboration of professionals such as architects, engineers, contractors, and workers to complete projects ranging from residential and commercial buildings to roads, bridges, and utilities. Despite the diversity of projects, they all contribute to the improvement and development of communities and infrastructure.

In any country, the construction industry is significant, serving as a pillar of the economy while having a direct impact on the quality of life and urban landscape. According to CRI, the industry’s prosperity often reflects the nation’s economic health and stage of development. In addition, its growth influences other sectors such as real estate, manufacturing, and finance, and thus has an impact on the broader economy. Therefore, the construction industry typically occupies a prominent position and exerts considerable influence within a country.

The construction market in Malaysia is divided into six sectors, namely Commercial Construction, Industrial Construction, Infrastructure Construction, Energy and Utilities Construction, Institutional Construction and Residential Construction. In 2023, the infrastructure construction sector accounted for the highest market share, followed by residential construction.

Strengths of Malaysian construction sector are attributed by capabilities of Malaysian construction companies to implement projects namely construction of buildings, roads and highways, railways, bridges and airports, water treatment and power plants; steel structure fabrication, installation and erection; mixed development projects including housing, hotels, leisure and luxury residences; and building maintenance, including for high-rise towers.

The steady growth of the Malaysian economy has provided a solid foundation for the expansion of the construction industry. Economic growth has driven demand for residential, commercial and industrial buildings as well as increased investment in infrastructure projects. The Malaysian government has played an important role in promoting the construction industry by stimulating the economy through the implementation of various construction projects and infrastructure programs such as the construction of roads, bridges and public transportation systems. In addition, the government has also introduced social welfare programs such as low-cost housing schemes, further boosting the demand for the construction sector.

Malaysia’s construction industry has attracted significant FDI, particularly in the real estate and commercial construction sectors. Foreign investors are optimistic about Malaysia’s high growth potential and strategic position, which has boosted the construction sector.

In 2023, the Malaysia construction market size was estimated at USD 35.5 billion. According to CRI’s analysis, the Malaysia construction market size is expected to reach 67.3 billion USD in 2033, growing at a CAGR of 6.6%. Although the Malaysian construction industry will face the challenges of lack of skilled labor and lax regulation, it will continue to grow in the future with the support of government policies and advanced technology.

Topics covered:

Malaysia Construction Industry Overview
The economic and policy environment of the construction industry in Malaysia
Malaysia construction industry market size, 2024-2033
Analysis of major Malaysia construction industry manufacturers
Key Drivers and Market Opportunities in Malaysia’s Construction Industry
What are the key drivers, challenges and opportunities for the construction industry in Malaysia during the forecast period 2024-2033?
Which companies are the key players in the Malaysia construction industry market and what are their competitive advantages?
What is the expected revenue of Malaysia construction industry market during the forecast period of 2024-2033?
What are the strategies adopted by the key players in the market to increase their market share in the industry?
Which segment of the Malaysia construction industry market is expected to dominate the market in 2032?
What are the main negative factors facing the construction industry in Malaysia?

1 Overview of Malaysia

1.1 Geographical situation

1.2 Demographic structure of Malaysia

1.3 The economic situation in Malaysia

1.4 Minimum Wage in Malaysia 2013-2022

1.5 Impact of COVID-19 on the construction industry in Malaysia

2 Overview of Malaysia’s construction industry

2.1 History of Malaysia architecture development

2.2 FDI in Malaysia’s construction sector

2.3 Policy environment of Malaysia’s construction industry

3 Malaysia construction industry supply and demand situation

3.1 Malaysia construction industry supply situation

3.2 Malaysia construction industry demand situation

4 Malaysia construction industry import and export status

4.1 Import and export

4.1.1 Malaysia’s construction imports and import volume

4.1.2 Main import sources of Malaysia construction

4.2 Malaysia’s construction industry export status

4.2.1 Malaysia’s construction export volume and export value

4.2.2 Malaysia’s main export destinations for construction

5 Cost analysis of the construction industry in Malaysia

5.1 Malaysia construction industry cost analysis

5.2 Charges for construction works in Malaysia

6 Malaysia Construction Industry Market Competition

6.1 Barriers to entry in Malaysia’s construction industry

6.1.1 Brand barriers

6.1.2 Quality Barriers

6.1.3 Capital Barriers

6.2 Competitive structure of Malaysia’s construction industry

6.2.1 Bargaining power of construction suppliers

6.2.2 Consumer bargaining power

6.2.3 Competition in Malaysia’s construction industry

6.2.4 Potential entrants in the construction industry

6.2.5 Alternatives to construction

7 Analysis of major construction companies in Malaysia

7.1 Gamuda Berhad

7.1.1 Gamuda Berhad Corporate Profile

7.1.2 Gamuda Berhad Enterprise Revenue Status

7.2 IJM Corporation Berhad

7.2.1 IJM Corporation Berhad Corporate Profile

7.2.2 IJM Corporation Berhad Revenue Status

7.3 YTL Corporation Berhad

7.3.1 YTL Corporation Berhad Corporate Profile

7.3.2 YTL Corporation Berhad Corporate Revenue Status

7.4 WCT Holdings Berhad

7.4.1 WCT Holdings Berhad Corporate Profile

7.4.2 WCT Holdings Berhad Corporate Revenues

7.5 Malaysian Resources Corporation Berhad

7.5.1 Malaysian Resources Corporation Berhad Corporate Profile

7.5.2 Malaysian Resources Corporation Berhad Enterprise Revenue Status

7.6 Gadang Holdings Berhad

7.6.1 Gadang Holdings Berhad Corporate Profile

7.6.2 Gadang Holdings Berhad Corporate Revenue Status

7.7 Hock Seng Lee Berhad (HSL)

7.7.1 Hock Seng Lee Berhad (HSL) Corporate Profile

7.7.2 Hock Seng Lee Berhad (HSL) Corporate Revenue Status

7.8 Mudajaya Group Berhad

7.8.1 Corporate Profile of Mudajaya Group Berhad

7.8.2 Mudajaya Group Berhad Corporate Revenue Status

7.9 Muhibbah Engineering (M) Bhd

7.9.1 Muhibbah Engineering (M) Bhd Company Profile

7.9.2 Muhibbah Engineering (M) Bhd Corporate Revenue Status

7.10 Sunway Construction Group Berhad

7.10.1 Sunway Construction Group Berhad Corporate Profile

7.10.2 Sunway Construction Group Berhad Corporate Revenue Status

8 Malaysia Construction Industry Outlook 2023-2032

8.1 Analysis of development factors in Malaysia’s construction industry

8.1.1 Drivers and Development Opportunities in Malaysia’s Construction Industry

8.1.2 Threats and challenges to the Malaysia construction industry

8.2 Malaysia Construction Industry Supply Forecast

8.3 Malaysia Construction Market Demand Forecast

8.4 Malaysia construction industry import and export forecast

LIST OF CHARTS

Chart Total population of Malaysia 2008-2023

Chart GDP per capita in Malaysia 2013-2023

Chart Construction Industry Related Policies Issued by the Malaysia Government 2018-2024

Chart Market size of construction industry in Malaysia

Chart Domestic consumption in the construction industry in Malaysia 2018-2023

Chart 2019-2023 Malaysia construction industry imports

Chart 2019-2023 Malaysia construction industry importers and import value

Chart 2019-2023 Export volume of Malaysia’s construction industry

Chart 2019-2023 Export value of Malaysia’s construction industry

Chart Exporting countries and export value of Malaysia’s construction industry in 2019-2023

Chart 2024-2033 Malaysia construction industry production forecast

Chart 2024-2033 Malaysia Construction Market Size Forecast

Chart 2024-2033 Malaysia construction industry import forecast

Chart 2024-2033 Export forecast for Malaysia’s construction industry

The post Malaysia Construction Industry Research Report 2024-2033 first appeared on CRI Report.

Mexico Furniture Industry Research Report 2024-2033

admin — Thu, 22 Feb 2024 17:31:28 +0000

Mexico Furniture Industry

Furniture refers to movable objects that support various human activities, such as sitting, lying down, or storing items. Some common types of furniture include chairs, tables, beds, desks, and cabinets. These pieces can serve functional and aesthetic purposes, enhancing the practicality and visual appeal of indoor and outdoor spaces. Furniture is made from a variety of materials, including wood, metal, plastic, and textiles. Traditionally, furniture was handmade, but the advent of industrialization led to the mass production of standardized items.

While not one of its better-known industries, furniture industry in Mexico represents a dynamic and thriving economic sector. The Mexico Furniture Market is a rapidly growing industry that offers a wide range of products to suit different styles and budgets. The market has been expanding over the past years, thanks to a combination of factors such as increasing disposable income, urbanization, and rising demand for quality furniture. Up to 2022, the furniture market in Mexico is valued at approximately $2.5 billion USD. Sector growth averages a startling 10% per year.

Mexican-made furniture is popular both domestically and internationally due to its unique designs and high-quality craftsmanship. A notable trend in the Mexico Furniture Market is the shift towards eco-friendly materials. Consumers are now opting for sustainable options like bamboo or recycled plastic instead of traditional hardwoods that contribute significantly to deforestation.

According to CRI’s analysis, the total revenue of the Mexico furniture market in 2023 was estimated to be 8.9 billion USD. It is evident that Living Room Furniture accounts for the largest share of the furniture market in Mexico.

According to CRI’s analysis, the Furniture market in Mexico is projected to generate a revenue of 14.8 billion USD in 2024. The market is expected to experience an annual growth rate of 5.2% from 2024 to 2033.

According to CRI, the furniture industry in Mexico is forecast to continue to grow from 2024-2033. On the one hand, Mexico’s growing urban population drives up demand for furnishings. The urbanization of the population is predicted to boost furniture sales. As more people move to cities, their lifestyles and standards of living change, creating demand for a wide range of products. It, in turn, largely fuels Mexican furniture demand.

On the other hand, Mexican furniture design typically features a fusion of cultural elements, such as indigenous, Spanish colonial and European forms. This combination of traditions leads to furniture that is both unique and culturally rich. Mexico is known for its hacienda-style furniture, characterized by its solid wood construction, rustic finishes, and elegant yet functional designs. These pieces evoke a sense of old-world charm and are popular in Mexico.

In addition, according to CRI’s market research, there are many furniture manufacturing companies planning to relocate from Asia to Mexico to facilitate exports to the North American market and to circumvent trade barriers such as tariffs.

Topics covered:

Mexico Furniture Industry Overview
The economic and policy environment of Mexico’s furniture industry
Mexico Furniture Industry Market Size, 2024-2033
Analysis of the main Mexico furniture production enterprises
Key drivers and market opportunities for Mexico’s furniture industry
What are the key drivers, challenges and opportunities for Mexico’s furniture industry during the forecast period 2024-2033?
Which companies are the key players in the Mexico furniture industry market and what are their competitive advantages?
What is the expected revenue of Mexico furniture industry market during the forecast period 2024-2033?
What are the strategies adopted by the key players in the market to increase their market share in the industry?
Which segment of the Mexico furniture industry market is expected to dominate the market by 2032?
What are the main negative factors facing the furniture industry in Mexico?

1 Mexico at a Glance

1.1 Geographical situation

1.2 Mexico’s Demographic Structure

1.3 Mexico’s economic situation

1.4 Minimum Wage in Mexico, 2014-2023

1.5 Impact of COVID-19 on the Furniture Industry in Mexico

2. Overview of Mexico Furniture Industry

2.1 History of Mexico Furniture Industry Development

2.2 FDI in Mexico Furniture Industry

2.3 Social Environment of Mexico Furniture Industry

2.4 Policy Environment of Mexico Furniture Industry

3. Mexico Furniture Industry Supply and Demand Situation

3.1 Mexico Furniture Industry Supply Situation

3.2 Mexico Furniture Industry Demand Situation

4. Mexico Furniture Industry Import and Export Situation

4.1 Mexico Furniture Industry Import Situation

4.1.1 Import Volume and Import Value of Mexico Furniture Industry

4.1.2 Main Import Sources of Mexico Furniture

4.2 Mexico Furniture Industry Export Situation

4.2.1 Export Volume and Import Value of Mexico Furniture Industry

4.2.2 Main Export Destinations of Mexico Furniture

5. Cost Analysis of the Mexico Furniture Industry

5.1 Cost Analysis of Mexico Furniture Industry

5.1.1 Labor costs

5.1.2 Cost of raw materials

5.1.3 Other costs

5.2 Price Analysis of Mexico Furniture

6. Market Competition of Mexico Furniture Industry

6.1 Barriers to entry in the Mexico Furniture Industry

6.1.1 Brand Barriers

6.1.2 Quality Barriers

6.1.3 Capital Barriers

6.2 Competitive Structure of Mexico Furniture Industry

6.2.1 Bargaining Power of Upstream Suppliers

6.2.2 Consumer Bargaining Power

6.2.3 Competition in Mexico Furniture Industry

6.2.4 Threat of Potential Entrants

6.2.5 Threat of Substitutes

7 Analysis of major furniture companies in Mexico

7.1 GAIA Design

7.1.1 GAIA Design Corporate Profile

7.1.2 GAIA Design Enterprise Revenue Status

7.2 Solutions Mexico

7.2.1 Solutions Mexico Corporate Profile

7.2.2 Solutions Mexico Enterprise Revenue Status

7.3 American Home Furniture & Mattress

7.3.1 American Home Furniture & Mattress Corporate Profile

7.3.2 American Home Furniture & Mattress Corporate Revenue Status

7.4 Grupo Axo

7.4.1 Grupo Axo Corporate Profile

7.4.2 Grupo Axo Corporate Revenues

7.5 Vila Furniture

7.5.1 Vila Furniture Corporate Profile

7.5.2 Vila Furniture Enterprise Revenue Status

7.6 Crate & Barrel

7.6.1 Crate & Barrel Corporate Profile

7.6.2 Crate & Barrel Corporate Revenue Status

7.7 Tema Furniture

7.7.1 Tema Furniture Corporate Profile

7.7.2 Tema Furniture Corporate Revenue Status

8. Mexico Furniture Industry Outlook, 2024-2033

8.1 Analysis of Factors Influencing the Development of the Mexico Furniture Industry

8.1.1 Drivers and Development Opportunities

8.1.2 Threats and Challenges

8.2 Supply Forecast of Mexico Furniture Industry, 2024-2033

8.3 Demand Forecast of Mexico Furniture Industry, 2024-2033

8.4 Import and Export Forecast of Mexico Furniture Industry, 2024-2033

LIST OF CHARTS

Chart Total population of Mexico 2008-2022

Chart GDP per capita in Mexico 2013-2022

Chart Furniture Industry Related Policies Issued by the Mexico Government 2018-2024

Chart Market size of furniture industry in Mexico

Chart 2019-2023 Mexico furniture industry imports

Chart 2019-2023 Mexico furniture industry import amount

Chart 2019-2023 Mexico furniture industry importers and import value

Chart 2019-2023 Export volume of Mexico’s furniture industry

Chart 2019-2023 Export value of Mexico’s furniture industry

Chart Exporting countries and export value of Mexico’s furniture industry in 2019-2023

Chart 2024-2033 Mexico furniture industry production forecast

Chart 2024-2033 Mexico Furniture Market Size Forecast

Chart 2024-2033 Mexico furniture industry import forecast

Chart 2024-2033 Export forecast for Mexico’s furniture industry

The post Mexico Furniture Industry Research Report 2024-2033 first appeared on CRI Report.

Mexico Paper Industry Research Report 2024-2033

admin — Thu, 22 Feb 2024 17:31:28 +0000

Mexico Paper Industry

“Paper” typically refers to thin and smooth materials made from cellulosic substances such as wood pulp, paper grass, or waste paper. It is widely used for purposes such as writing, printing, drawing, and packaging because of its light weight, high plasticity, ease of processing, and relatively low cost. In this report, “paper” includes not only sheets of paper as traditionally understood, but also other cellulose-based materials such as cardboard, pulp products, etc.

Mexico’s paper industry is highly concentrated, with just 27 companies producing nearly all paper products. In 2019, the industry directly employed 65,000 people in 53 manufacturing plants across 21 states. In 2023, the estimated value of paper products manufactured in Mexico will reach US$27.22 billion, representing 2.14% of Mexico’s GDP. With the import value of pulp, paper and paper products expected to reach US$7.63 billion in 2023 and the export value only US$2.34 billion, this North American country has significant potential in the paper industry as domestic production cannot meet demand.

Mexico leads Latin America in the production of paper products, with three main sectors: packaging, printing/writing, and disposables. Packaging companies create a variety of solutions for industries ranging from food to electronics. Printing companies use advanced technology to produce newspapers, magazines and educational materials. Finally, the disposable paper industry provides everyday essentials such as tissues and napkins.

As mentioned, the industry is highly concentrated, with a few major brands dominating the market. Kimberly-Clark is the dominant force in disposable paper products with an estimated market share of over 60%. BIO Pappel (owner of the Scribe brand) is the largest printing and writing company, accounting for over 80% of newsprint. It is one of the largest producers of packaging paper products and has a market share of over 50% in writing paper products. Other major companies in the division include Copamex, Smurfit Kappa, Potosi, Absormex and GCP.

The current landscape of the paper industry in Mexico is shaped by a variety of factors, including economic conditions, demographic shifts, environmental priorities and technological advances. After a period of moderate expansion, the sector is now grappling with the simultaneous pressures of digital innovation and environmental awareness. While technological advancements have reduced demand for traditional paper products, the industry has shown resilience by transitioning to greener production techniques and expanding its product offerings.

Consumer preferences and sustainability concerns are driving market shifts and shaping consumer demand in significant ways. More consumers are actively seeking out companies that prioritize and integrate sustainable practices into their operations. This trend is fueling a growing demand for environmentally friendly paper products. At the same time, declining demand for traditional paper products, largely due to digitization, is being offset by a surge in packaging needs driven by the e-commerce boom. These dynamics highlight an industry in transition, adapting to meet the evolving needs of different sectors.

According to CRI’s forecast, Mexico’s paper industry is expected to reflect the dynamic shift toward improved sustainability and operational efficiency. Industry advances are likely to focus on reengineering processes to reduce environmental footprints and capitalize on growing green consumerism. Meanwhile, innovation will continue to play a critical role in creating market opportunities, as manufacturers will leverage technology to develop superior and sustainable products in line with emerging consumer and industrial demand trends.

These positive developments are expected to support steady growth in the Mexican paper industry over the forecast period. According to CRI, the market size of paper industry in Mexico is expected to reach US$ 59.34 billion in 2033, representing a compound annual growth rate (CAGR) of 6.2% from 2024 to 2033.

Topics covered:

Mexico Paper Industry Overview
The economic and policy environment of Mexico’s paper industry
Mexico Paper Industry Market Size, 2023-2032
Analysis of the main Mexico paper production enterprises
Key drivers and market opportunities for Mexico’s paper industry
What are the key drivers, challenges and opportunities for Mexico’s paper industry during the forecast period 2023-2032?
Which companies are the key players in the Mexico paper industry market and what are their competitive advantages?
What is the expected revenue of Mexico paper industry market during the forecast period 2023-2032?
What are the strategies adopted by the key players in the market to increase their market share in the industry?
Which segment of the Mexico paper industry market is expected to dominate the market by 2032?
What are the main negative factors facing the paper industry in Mexico?

1. Overview of Mexico

1.1 Geographical Situation

1.2 Demographic Structure of Mexico

1.3 The Economic Situation in Mexico

1.4 Minimum Wage in Mexico, 2014-2023

1.5 Impact of COVID-19 on the Paper Industry in Mexico

2. Overview of Mexico’s Paper Industry

2.1 History of Mexico’s Paper Industry Development

2.2 FDI in Mexico’s Paper Industry

2.3 Social Environment of Mexico’s Paper Industry

2.4 Policy Environment of Mexico’s Paper Industry

3. Mexico’s Paper Industry Supply and Demand Situation

3.1 Mexico’s Paper Industry Supply Situation

3.2 Mexico’s Paper Industry Demand Situation

4. Mexico’s Paper Industry Import and Export Situation

4.1 Mexico’s Paper Industry Import Situation

4.1.1 Import Volume and Import Value of Mexico’s Paper Industry

4.1.2 Main Import Sources of Mexico’s Paper

4.2 Mexico’s Paper Industry Export Situation

4.2.1 Export Volume and Import Value of Mexico’s Paper Industry

4.2.2 Main Export Destinations of Mexico’s Paper

5. Cost Analysis of the Mexico’s Paper Industry

5.1 Cost Analysis of Paper Industry in Mexico

5.1.1 Labor costs

5.1.2 Cost of raw materials

5.1.3 Other costs

5.2 Mexico Paper Industry Price Analysis

6. Market Competition of Mexico’s Paper Industry

6.1 Barriers to entry in the Mexico’s Paper Industry

6.1.1 Brand Barriers

6.1.2 Quality Barriers

6.1.3 Capital Barriers

6.2 Competitive Structure of Mexico’s Paper Industry

6.2.1 Bargaining Power of Upstream Suppliers

6.2.2 Consumer Bargaining Power

6.2.3 Competition in Mexico’s Paper Industry

6.2.4 Threat of Potential Entrants

6.2.5 Threat of Substitutes

7. Analysis of the Leading Paper Mills in Mexico, 2023

7.1 Kimberly-Clark

7.1.1 Corporate Profile of Kimberly-Clark

7.1.2 Operations of Kimberly-Clark in Mexico

7.2 Grupo Bio Pappel

7.2.1 Corporate Profile of Grupo Bio Pappel

7.2.2 Operations of Grupo Bio Pappel in Mexico

7.3 Copamex

7.3.1 Corporate Profile of Copamex

7.3.2 Operations of Copamex in Mexico

7.4 Smurfit Kappa

7.4.1 Corporate Profile of Smurfit Kappa

7.4.2 Operations of Smurfit Kappa in Mexico

7.5 Potosi

7.5.1 Corporate Profile of Potosi

7.5.2 Operations of Potosi

7.6 Absormex CMPC Tissue

7.6.1 Corporate Profile of Absormex CMPC Tissue

7.6.2 Operations of Absormex CMPC Tissue in Mexico

7.7 Papeles y Conversiones de México (PCM)

7.7.1 Corporate Profile of Papeles y Conversiones de México (PCM)

7.7.2 Operations of Papeles y Conversiones de México (PCM) in Mexico

7.8 International Paper

7.8.1 Corporate Profile of International Paper

7.8.2 Operations of International Paper in Mexico

7.9 Essity

7.9.1 Corporate Profile of Essity

7.9.2 Operations of Essity in Mexico

7.10 Papel San Francisco

7.10.1 Corporate Profile of Papel San Francisco

7.10.2 Operations of Papel San Francisco in Mexico

8. Mexico’s Paper Industry Outlook, 2024-2033

8.1 Analysis of Factors Influencing the Development of the Mexico’s Paper Industry

8.1.1 Drivers and Development Opportunities

8.1.2 Threats and Challenges

8.2 Supply Forecast of Mexico’s Paper Industry, 2024-2033

8.3 Demand Forecast of Mexico’s Paper Industry, 2024-2033

8.4 Import and Export Forecast of Mexico’s Paper Industry, 2024-2033

LIST OF CHARTS

Chart Location of Mexico

Chart Population of Mexico as of the end of 2018-2023

Chart 2011-2023 Mexico GDP per capita

Chart 2015-2024 Minimum Monthly Wage in Mexico

Chart Output Volume of paper and paper products in Mexico

Chart Consumption of paper and paper products in Mexico

Chart Market size of paper and paper products in Mexico

Chart Mexico’s import volume of paper and paper products, 2018-2023

Chart 2018-2023 Mexico’s paper and paper products import Value

Chart Mexico’s main import sources of paper products 2023

Chart Retail Electricity Price of Manufacturing Industry in Mexico

Chart Average price of facial paper in Mexico (USD per ton)

Chart Average price of toilet paper in Mexico (USD per ton)

Chart Average price of printing and writing paper in Mexico (USD per ton)

Chart Average price of corrugated paper in Mexico (USD per ton)

Chart Profile of Mexico Paper Corporation

Chart Forecast on Mexico’s production volume of paper and paper products 2024-2033(Unit in thousand tons)

Chart Forecast on Mexico’s consumption volume of paper and paper products 2024-2033(Unit in thousand tons)

Chart Forecast on market size of Mexico’s paper and paper products 2024-2033

The post Mexico Paper Industry Research Report 2024-2033 first appeared on CRI Report.

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