Asia: Market for Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows) 2022

Market Size for Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows) in Asia

For the fifth consecutive year, the Asian bedding and furnishing article market recorded decline in sales value, which decreased by -28.5% to $X in 2021. Over the period under review, consumption saw a deep contraction. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market failed to regain momentum.

Production of Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows) in Asia

In value terms, bedding and furnishing article production reached $X in 2021 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by 33% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

Exports of Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows)

Exports in Asia

Bedding and furnishing article exports soared to X tons in 2021, increasing by 16% compared with the year before. Total exports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of +6.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +113.1% against 2016 indices. The most prominent rate of growth was recorded in 2017 when exports increased by 56%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, bedding and furnishing article exports surged to $X in 2021. The total export value increased at an average annual rate of +5.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China prevails in exports structure, amounting to X tons, which was approx. 87% of total exports in 2021. It was distantly followed by India (X tons), comprising a 6.7% share of total exports. Turkey (X tons) held a relatively small share of total exports.

Exports from China increased at an average annual rate of +6.0% from 2012 to 2021. At the same time, India (+16.6%) and Turkey (+16.2%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia, with a CAGR of +16.6% from 2012-2021. From 2012 to 2021, the share of India increased by +3.7 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest bedding and furnishing article supplier in Asia, comprising 85% of total exports. The second position in the ranking was held by India ($X), with a 7.2% share of total exports.

In China, bedding and furnishing article exports increased at an average annual rate of +4.5% over the period from 2012-2021. In the other countries, the average annual rates were as follows: India (+16.9% per year) and Turkey (+13.5% per year).

Export Prices by Country

In 2021, the export price in Asia amounted to $X per ton, rising by 5.5% against the previous year. In general, the export price, however, continues to indicate a slight slump. The most prominent rate of growth was recorded in 2016 an increase of 32% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was India ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+0.3%), while the other leaders experienced a decline in the export price figures.

Imports of Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows)

Imports in Asia

In 2021, purchases abroad of bedding and furnishing articles (quilts, eiderdowns, cushions, pouffes and pillows) decreased by -2.1% to X tons, falling for the second consecutive year after six years of growth. The total import volume increased at an average annual rate of +1.1% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 7.3%. The volume of import peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, bedding and furnishing article imports rose sharply to $X in 2021. The total import value increased at an average annual rate of +1.4% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Japan was the major importing country with an import of about X tons, which accounted for 43% of total imports. It was distantly followed by South Korea (X tons), the United Arab Emirates (X tons) and Thailand (X tons), together comprising a 23% share of total imports. The following importers - Taiwan (Chinese) (X tons), Iraq (X tons), Malaysia (X tons), Kuwait (X tons), Singapore (X tons), Hong Kong SAR (X tons), Israel (X tons) and China (X tons) - together made up 22% of total imports.

Imports into Japan increased at an average annual rate of +1.2% from 2012 to 2021. At the same time, Malaysia (+25.1%), China (+15.5%), Iraq (+14.0%), Thailand (+10.7%), Israel (+10.5%), South Korea (+9.2%), Taiwan (Chinese) (+9.1%), Kuwait (+5.5%), Singapore (+4.8%) and the United Arab Emirates (+1.1%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing importer imported in Asia, with a CAGR of +25.1% from 2012-2021. Hong Kong SAR experienced a relatively flat trend pattern. From 2012 to 2021, the share of South Korea, Malaysia, Iraq, Thailand and Taiwan (Chinese) increased by +6.1, +3.1, +2.6, +2.6 and +2.1 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported bedding and furnishing articles (quilts, eiderdowns, cushions, pouffes and pillows) in Asia, comprising 44% of total imports. The second position in the ranking was held by South Korea ($X), with a 13% share of total imports. It was followed by the United Arab Emirates, with a 6.4% share.

From 2012 to 2021, the average annual growth rate of value in Japan was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (+9.7% per year) and the United Arab Emirates (+0.6% per year).

Import Prices by Country

In 2021, the import price in Asia amounted to $X per ton, with an increase of 11% against the previous year. Overall, the import price saw a relatively flat trend pattern. The level of import peaked at $X per ton in 2013; afterwards, it flattened through to 2021.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was China ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+5.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform