Asia: Mattress Support Market 2024

Mattress Support Market Size in Asia

In 2021, the Asian mattress support market decreased by -57.4% to $X, falling for the second year in a row after eight years of growth. In general, consumption showed a slight decrease. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Mattress Support Production in Asia

In value terms, mattress support production rose significantly to $X in 2021 estimated in export price. The total production indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -23.4% against 2019 indices. The growth pace was the most rapid in 2018 when the production volume increased by 19% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Mattress Support Exports

Exports in Asia

In 2021, the amount of mattress supports exported in Asia expanded to X units, picking up by 3.8% against the previous year's figure. In general, exports continue to indicate a strong increase. The pace of growth was the most pronounced in 2016 with an increase of 60%. Over the period under review, the exports reached the peak figure in 2021 and are likely to see steady growth in the immediate term.

In value terms, mattress support exports expanded notably to $X in 2021. Over the period under review, exports posted a prominent increase. The most prominent rate of growth was recorded in 2018 with an increase of 32%. The level of export peaked in 2021 and is expected to retain growth in the immediate term.

Exports by Country

China represented the major exporting country with an export of about X units, which accounted for 81% of total exports. It was distantly followed by Turkey (X units), making up a 13% share of total exports. The Philippines (X units) held a minor share of total exports.

Exports from China increased at an average annual rate of +7.6% from 2012 to 2021. At the same time, the Philippines (+92.4%) and Turkey (+43.8%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing exporter exported in Asia, with a CAGR of +92.4% from 2012-2021. While the share of Turkey (+12 p.p.) and the Philippines (+2.7 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest mattress support supplier in Asia, comprising 86% of total exports. The second position in the ranking was taken by Turkey ($X), with a 6.6% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in China amounted to +10.2%. In the other countries, the average annual rates were as follows: Turkey (+36.7% per year) and the Philippines (+85.3% per year).

Export Prices by Country

The export price in Asia stood at $X per unit in 2021, with an increase of 4.4% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.7%. The pace of growth was the most pronounced in 2014 when the export price increased by 21%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the Philippines ($X per unit), while Turkey ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+2.5%), while the other leaders experienced a decline in the export price figures.

Mattress Support Imports

Imports in Asia

For the fifth consecutive year, Asia recorded growth in purchases abroad of mattress supports, which increased by 48% to X units in 2021. Total imports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of +8.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +96.1% against 2016 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, mattress support imports soared to $X in 2021. Total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +7.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +88.2% against 2016 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Malaysia (X units), the United Arab Emirates (X units), China (X units), South Korea (X units) and Taiwan (Chinese) (X units) was the main importer of mattress supports in Asia, comprising 64% of total import. Indonesia (X units), Singapore (X units), Hong Kong SAR (X units), Vietnam (X units), Thailand (X units) and Kazakhstan (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for South Korea (with a CAGR of +47.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported mattress supports in Asia, comprising 32% of total imports. The second position in the ranking was held by South Korea ($X), with a 9.5% share of total imports. It was followed by Malaysia, with a 9.4% share.

From 2012 to 2021, the average annual growth rate of value in China stood at +24.6%. In the other countries, the average annual rates were as follows: South Korea (+44.5% per year) and Malaysia (-3.8% per year).

Import Prices by Country

In 2021, the import price in Asia amounted to $X per unit, remaining constant against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the import price increased by 8%. As a result, import price attained the peak level of $X per unit. From 2018 to 2021, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was China ($X per unit), while Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+1.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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