Asia: Market for Mattresses other than of cellular rubber or plastics 2024

Market Size for Mattresses other than of cellular rubber or plastics in Asia

In 2022, the Asian market for mattresses other than of cellular rubber or plastics decreased by -5.6% to $X, falling for the fourth consecutive year after seven years of growth. Over the period under review, consumption saw a relatively flat trend pattern. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of Mattresses other than of cellular rubber or plastics in Asia

In value terms, production of mattresses other than of cellular rubber or plastics amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.0% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2013 when the production volume increased by 25% against the previous year. Over the period under review, production of reached the maximum level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Mattresses other than of cellular rubber or plastics

Exports in Asia

In 2022, approx. X units of mattresses other than of cellular rubber or plastics were exported in Asia; picking up by 33% compared with 2021 figures. Total exports indicated tangible growth from 2012 to 2022: its volume increased at an average annual rate of +3.8% 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 +112.4% against 2016 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of mattresses other than of cellular rubber or plastics amounted to $X in 2022. Total exports indicated a prominent 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 +70.2% against 2016 indices. The most prominent rate of growth was recorded in 2019 with an increase of 30% against the previous year. 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

China prevails in plastics structure, recording X units, which was approx. 83% of total exports in 2022. It was distantly followed by India (X units), comprising a 5.5% share of total exports. The following exporters - Vietnam (X units), Turkey (X units) and Indonesia (X units) - together made up 7.5% of total exports.

From 2012 to 2022, average annual rates of growth with regard to mattresses other than of cellular rubber or plastics exports from China stood at +3.6%. At the same time, Vietnam (+53.1%), Indonesia (+24.0%) and Turkey (+13.5%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia, with a CAGR of +53.1% from 2012-2022. By contrast, India (-3.2%) illustrated a downward trend over the same period. Vietnam (+3.5 p.p.) significantly strengthened its position in terms of the total exports, while China and India saw its share reduced by -1.9% and -5.5% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Indonesia ($X) and Turkey ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined 66% share of total exports. Vietnam and India lagged somewhat behind, together accounting for a further 15%.

Vietnam, with a CAGR of +35.2%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia stood at $X per unit in 2022, which is down by -22.8% against the previous year. Export price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for mattresses other than of cellular rubber or plastics decreased by -36.9% against 2019 indices. The most prominent rate of growth was recorded in 2019 an increase of 26% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2020 to 2022, the export prices remained at a lower figure.

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 ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+6.3%), while the other leaders experienced more modest paces of growth.

Imports of Mattresses other than of cellular rubber or plastics

Imports in Asia

In 2022, approx. X units of mattresses other than of cellular rubber or plastics were imported in Asia; increasing by 16% compared with 2021. In general, imports saw buoyant growth. The growth pace was the most rapid in 2019 when imports increased by 42% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, imports of mattresses other than of cellular rubber or plastics amounted to $X in 2022. Total imports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +14.5% against 2020 indices. The pace of growth appeared the most rapid in 2019 when imports increased by 16%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports of remained at a lower figure.

Imports by Country

In 2022, Qatar (X units), distantly followed by Japan (X units), Thailand (X units), India (X units), Vietnam (X units) and the Philippines (X units) were the main importers of mattresses other than of cellular rubber or plastics, together making up 67% of total imports. Malaysia (X units), Singapore (X units), Taiwan (Chinese) (X units), South Korea (X units), Myanmar (X units), the United Arab Emirates (X units) and Hong Kong SAR (X units) followed a long way behind the leaders.

Imports into Qatar increased at an average annual rate of +45.5% from 2012 to 2022. At the same time, Myanmar (+52.4%), Vietnam (+29.1%), the Philippines (+27.9%), India (+14.8%), Malaysia (+13.2%), Japan (+6.7%), Taiwan (Chinese) (+6.2%), Thailand (+4.2%), the United Arab Emirates (+1.8%) and Singapore (+1.3%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing importer imported in Asia, with a CAGR of +52.4% from 2012-2022. Hong Kong SAR and South Korea experienced a relatively flat trend pattern. From 2012 to 2022, the share of Qatar, Vietnam, the Philippines, Myanmar and India increased by +25, +4.8, +3.8, +2.5 and +2.1 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported mattresses other than of cellular rubber or plastics in Asia, comprising 34% of total imports. The second position in the ranking was taken by South Korea ($X), with a 7.6% share of total imports. It was followed by Singapore, with a 7.4% share.

In Japan, imports of mattresses other than of cellular rubber or plastics expanded at an average annual rate of +7.2% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (+1.4% per year) and Singapore (+0.8% per year).

Import Prices by Country

In 2022, the import price in Asia amounted to $X per unit, which is down by -12.3% against the previous year. In general, the import price saw a pronounced shrinkage. The pace of growth was the most pronounced in 2015 an increase of 11%. 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 Hong Kong SAR ($X per unit), while Qatar ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+9.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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