Asia-Pacific: Mattress Support Market 2024

Mattress Support Market Size in Asia-Pacific

In 2021, the Asia-Pacific mattress support market was finally on the rise to reach $X after two years of decline. The market value increased at an average annual rate of +1.5% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Mattress Support Production in Asia-Pacific

In value terms, mattress support production dropped modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.9% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2015 when the production volume increased by 9%. The level of production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Mattress Support Exports

Exports in Asia-Pacific

Mattress support exports dropped modestly to X units in 2021, remaining relatively unchanged against the year before. Overall, exports, however, showed resilient growth. The pace of growth appeared the most rapid in 2016 when exports increased by 59%. The volume of export peaked at X units in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, mattress support exports totaled $X in 2021. In general, exports, however, recorded a prominent increase. The growth pace was the most rapid in 2018 with an increase of 37%. Over the period under review, the exports reached the peak figure in 2021 and are likely to continue growth in years to come.

Exports by Country

China prevails in exports structure, finishing at X units, which was near 93% of total exports in 2021. The Philippines (X units) took a minor share of total exports.

From 2012 to 2021, average annual rates of growth with regard to mattress support exports from China stood at +7.6%. At the same time, the Philippines (+92.4%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +92.4% from 2012-2021. China (+8.6 p.p.) and the Philippines (+3.1 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest mattress support supplier in Asia-Pacific, comprising 92% of total exports. The second position in the ranking was held by the Philippines ($X), with a 3.4% share of total exports.

From 2012 to 2021, the average annual growth rate of value in China amounted to +10.2%.

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2021, increasing by 6.3% against the previous year. Over the last nine years, it increased at an average annual rate of +2.4%. The pace of growth appeared the most rapid in 2014 an increase of 22% against the previous year. 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.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the Philippines ($X per unit), while China amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+2.5%).

Mattress Support Imports

Imports in Asia-Pacific

In 2021, the amount of mattress supports imported in Asia-Pacific skyrocketed to X units, jumping by 29% against 2020 figures. Total imports indicated a buoyant 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, imports increased by +69.1% against 2015 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, mattress support imports soared to $X in 2021. In general, imports continue to indicate a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The purchases of the five major importers of mattress supports, namely Australia, Malaysia, China, South Korea and Taiwan (Chinese), represented more than two-thirds of total import. Indonesia (X units), Singapore (X units), Hong Kong SAR (X units), Vietnam (X units), Thailand (X units) and New Zealand (X units) held a relatively small share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by South Korea (with a CAGR of +47.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Australia ($X) and South Korea ($X) were the countries with the highest levels of imports in 2021, with a combined 61% share of total imports.

South Korea, with a CAGR of +44.5%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Asia-Pacific amounted to $X per unit, growing by 7.1% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.8%. The most prominent rate of growth was recorded in 2017 when the import price increased by 9.8% against the previous year. Over the period under review, import prices attained the maximum at $X per unit in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: 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 Australia (+7.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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