United Kingdom: Mattress Market 2024

Mattress Market Size in the UK

The UK mattress market dropped to $X in 2022, waning by -3% against the previous year. The market value increased at an average annual rate of +3.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Mattress Production in the UK

In value terms, mattress production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.4% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 when the production volume increased by 19%. Mattress production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Mattress Exports

Exports from the UK

In 2022, the amount of mattresses exported from the UK skyrocketed to X units, rising by 35% compared with 2021 figures. Over the period under review, total exports indicated a measured increase from 2012 to 2022: its volume increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +105.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 52% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, mattress exports declined to $X in 2022. Overall, total exports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +21.9% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 31% against the previous year. As a result, the exports reached the peak of $X, and then fell in the following year.

Exports by Country

Ireland (X units), China (X units) and the United States (X units) were the main destinations of mattress exports from the UK, together accounting for 51% of total exports. The Netherlands, Germany, Sweden, France, Belgium, Poland, the United Arab Emirates, South Korea, Portugal and Spain lagged somewhat behind, together comprising a further 32%.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +48.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Ireland ($X), China ($X) and the United States ($X) were the largest markets for mattress exported from the UK worldwide, together comprising 48% of total exports. The Netherlands, Germany, Sweden, France, Belgium, the United Arab Emirates, Poland, South Korea, Portugal and Spain lagged somewhat behind, together comprising a further 32%.

South Korea, with a CAGR of +51.3%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average mattress export price amounted to $X per unit, shrinking by -30.9% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average export price increased by 66% against the previous year. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the United Arab Emirates ($X per unit) and Belgium ($X per unit), while the average price for exports to South Korea ($X per unit) and the Netherlands ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+1.7%), while the prices for the other major destinations experienced more modest paces of growth.

Mattress Imports

Imports into the UK

In 2022, approx. X units of mattresses were imported into the UK; with a decrease of -2.6% compared with the previous year's figure. In general, imports, however, saw a resilient expansion. The growth pace was the most rapid in 2014 when imports increased by 68%. Imports peaked at X units in 2021, and then shrank modestly in the following year.

In value terms, mattress imports stood at $X in 2022. Overall, imports, however, saw buoyant growth. The most prominent rate of growth was recorded in 2014 when imports increased by 24% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

China (X units), Poland (X units) and Ireland (X units) were the main suppliers of mattress imports to the UK, with a combined 60% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Ireland (with a CAGR of +32.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Poland ($X) and Ireland ($X) constituted the largest mattress suppliers to the UK, with a combined 60% share of total imports.

In terms of the main suppliers, Ireland, with a CAGR of +34.0%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average mattress import price amounted to $X per unit, with an increase of 4.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.0%. The most prominent rate of growth was recorded in 2015 when the average import price increased by 24%. The import price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Belgium ($X per unit) and Denmark ($X per unit), while the price for China ($X per unit) and Turkey ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+1.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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