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Rising shipping costs have led to the bankruptcy of small and medium-sized Indonesian furniture companies

2022-03-30

According to data compiled by the Indonesian Furniture and Crafts Industry Association (himki), the cost of container shipping is $900,100, compared with $2,000 in 2020.The shipping cost of the 20-foot container was $15,100, up 907% from the $1,500 level in 2020.

Container transport costs also rose 900% in the European Union, the Middle East 400%, Japan 350% and Australia 500%.The supply of shipping containers is difficult, especially for those shipped to the United States.At these costs, transporting these products is unprofitable.According to himki, 25 percent of the 2,500 registered member companies went bankrupt due to high shipping rates.

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