The Indonesia International Furniture Expo (IFEX) 2024, a flagship B2B furniture exhibition in Indonesia and the region, has brought new hope for economic growth by attracting over 13,000 international buyers. Held at the JIExpo Kemayoran in Jakarta, the four-day event has become a significant contributor to Indonesia’s furniture industry, with transactions reaching USD 300 million, equivalent to approximately SGD 402 million.
IFEX 2024 marks a significant achievement in Indonesia’s efforts to promote its furniture products globally. Participation from 117 countries not only showcases Indonesia’s prowess in the furniture industry but also positions the country as a leading destination for international buyers looking to source high-quality furnishings.
The expo’s success is a testament to Indonesia’s robust furniture industry, with products that appeal to the global markets. Politician Muhaimin Iskandar expressed pride in the national furniture industry’s global acceptance and its promising economic impact.
The event has drawn attention to the importance of government support in policies, such as prohibiting the export of raw materials like rattan, to ensure the sustainability and growth of the local industry.
With 13,730 international buyers from regions and countries including Europe, Australia, China, the United States, and emerging markets like India and the Middle East, IFEX 2024 has doubled its international participation compared to the previous year.
The expo’s transaction value of USD 300 million highlights the furniture industry’s significant contribution to Indonesia’s national economy, demonstrating resilience in the face of global economic challenges.
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Looking ahead, the organizers, in collaboration with the Indonesian Furniture and Handicraft Industry Association (HIMKI), are optimistic about attracting even more participants and buyers in IFEX 2025, scheduled for March 6-9, 2025.
IFEX 2024 represents not only an opportunity to explore Indonesia’s rich furniture offerings but also illustrates the country’s growing influence in the global market. The expo’s success in attracting a large number of international buyers and securing significant transactions underscores Indonesia’s potential as a key player in the global furniture industry, contributing positively to the national economy.
IFEX 2024 in Jakarta has significantly impacted Indonesia’s economy, attracting over 13,000 international buyers and generating transactions worth approximately SGD 402 million. The event highlights Indonesia’s position in the global furniture market, promising continued growth and attracting further international interest in the country’s furniture industry. With government support and a focus on sustainability, IFEX sets the stage for future economic successes in Indonesia.
Source: Info Bank News, Asian Post (2024)
