ASEAN: Market for Mattresses of cellular rubber or plastics 2025

Market Size for Mattresses of cellular rubber or plastics in ASEAN

In 2022, after four years of decline, there was significant growth in the ASEAN market for mattresses of cellular rubber or plastics, when its value increased by 20% to $X. Over the period under review, consumption continues to indicate a abrupt decline. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Production of Mattresses of cellular rubber or plastics in ASEAN

In value terms, production of mattresses of cellular rubber or plastics reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when the production volume increased by 20%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Mattresses of cellular rubber or plastics

Exports in ASEAN

For the eleventh consecutive year, ASEAN recorded growth in shipments abroad of mattresses of cellular rubber or plastics, which increased by 28% to X units in 2022. Over the period under review, exports posted significant growth. The pace of growth appeared the most rapid in 2019 when exports increased by 231%. The volume of export peaked in 2022 and is likely to continue growth in the immediate term.

In value terms, exports of mattresses of cellular rubber or plastics soared to $X in 2022. In general, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2019 with an increase of 273%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

In 2022, Indonesia (X units) represented the key exporter of mattresses of cellular rubber or plastics, committing 48% of total exports. Thailand (X units) held a 25% share (based on physical terms) of total exports, which put it in second place, followed by Vietnam (12%) and Malaysia (6.8%). Singapore (X units) and Myanmar (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Indonesia (with a CAGR of +80.1%), while the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X) remains the largest mattresses of cellular rubber or plastics supplier in ASEAN, comprising 70% of total exports. The second position in the ranking was taken by Thailand ($X), with a 9.8% share of total exports. It was followed by Vietnam, with a 9.3% share.

From 2012 to 2022, the average annual growth rate of value in Indonesia stood at +85.0%. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (+29.9% per year) and Vietnam (+24.5% per year).

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per unit, growing by 4.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.3%. The most prominent rate of growth was recorded in 2021 when the export price increased by 18% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Myanmar (+39.9%), while the other leaders experienced mixed trends in the export price figures.

Imports of Mattresses of cellular rubber or plastics

Imports in ASEAN

Imports of mattresses of cellular rubber or plastics fell significantly to X units in 2022, which is down by -20.9% compared with the previous year's figure. Over the period under review, imports, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 127%. As a result, imports reached the peak of X units, and then shrank sharply in the following year.

In value terms, imports of mattresses of cellular rubber or plastics dropped to $X in 2022. In general, imports, however, posted a strong increase. The growth pace was the most rapid in 2021 when imports increased by 102%. As a result, imports attained the peak of $X, and then dropped in the following year.

Imports by Country

Malaysia represented the main importer of mattresses of cellular rubber or plastics in ASEAN, with the volume of imports resulting at X units, which was approx. 50% of total imports in 2022. Thailand (X units) took the second position in the ranking, followed by Singapore (X units), the Philippines (X units) and Vietnam (X units). All these countries together took near 47% share of total imports. Indonesia (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to mattresses of cellular rubber or plastics imports into Malaysia stood at +18.4%. At the same time, Vietnam (+35.7%), the Philippines (+19.6%), Singapore (+17.1%), Indonesia (+6.7%) and Thailand (+5.4%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in ASEAN, with a CAGR of +35.7% from 2012-2022. While the share of Malaysia (+13 p.p.), Vietnam (+6.3 p.p.), Singapore (+2.7 p.p.) and the Philippines (+2.7 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Indonesia (-2.3 p.p.) and Thailand (-21.9 p.p.) displayed negative dynamics.

In value terms, Singapore ($X), Malaysia ($X) and Vietnam ($X) constituted the countries with the highest levels of imports in 2022, together comprising 76% of total imports.

Among the main importing countries, Vietnam, with a CAGR of +40.0%, 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 import price in ASEAN amounted to $X per unit, picking up by 20% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 29% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per unit), while Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+3.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform