Boost in Indonesian ceramic sales thanks to Indonesia's growing property sector

This year, Indonesia’s property sector has experienced 10 to 15% growth, which in turn has boosted ceramic sales! This is as the construction sector also grew at an annual 7% during 2009 to 2013. The revenue of the Indonesian ceramic industry is currently IDR34trillion (USD$3billion), with approximately 85% to be generated through domestic sales and the remaining 15% by international exports.

The Indonesia Ceramic Industry Association (ASAKI) have mentioned of a major correlation between property growth and national ceramic industry expansion. The association claims almost every household owns a type of ceramic product.

 

 

Indonesia is the sixth largest ceramics producing country in the world, following Brazil, China, Spain, Italy and Turkey. Indonesia quarters 80 factories for 35 ceramic producers, providing employment to approximately 200,000 individuals. Last year, the ceramic production capacity was 1.4million² daily.

Emerging Asia—Home to hottest property markets?

Southeast Asian cities are seeing the fastest increase in prime property prices across all of Asia, according to independent global property consultancy Knight Frank.

"Developing Asia is seeing a much larger magnitude of growth in its indices than developed Asia," said Nicholas Holt, head of research for Asia Pacific.

He highlighted Thailand's Bangkok, Indonesia's Jakarta, Malaysia's Kuala Lumpur and Cambodia's Phnom Penh as four of the top five cities when ranked by growth in land prices.