Australia and Oceania: Mattress Support Market 2024

Mattress Support Market Size in Australia and Oceania

In 2021, the mattress support market in Australia and Oceania decreased by -1.9% to $X, falling for the fourth year in a row after three years of growth. The market value increased at an average annual rate of +2.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Mattress Support Production in Australia and Oceania

In value terms, mattress support production stood at $X in 2021 estimated in export price. The total production indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +4.0% 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 -8.2% against 2018 indices. The pace of growth was the most pronounced in 2013 when the production volume increased by 50%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Mattress Support Exports

Exports in Australia and Oceania

Mattress support exports soared to X units in 2021, growing by 26% compared with the previous year's figure. Overall, exports showed a significant expansion. The growth pace was the most rapid in 2018 when exports increased by 148% against the previous year. 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, mattress support exports surged to $X in 2021. In general, exports posted a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 129%. Over the period under review, the exports attained the maximum in 2021 and are likely to see gradual growth in years to come.

Exports by Country

In 2021, Australia (X units) represented the main exporter of mattress supports in Australia and Oceania, generating 98% of total export.

Australia was also the fastest-growing in terms of the mattress supports exports, with a CAGR of +37.7% from 2012 to 2021. While the share of Australia (+17 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) also remains the largest mattress support supplier in Australia and Oceania.

In Australia, mattress support exports expanded at an average annual rate of +34.5% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Australia and Oceania amounted to $X per unit, falling by -6.3% against the previous year. Over the period under review, the export price continues to indicate a mild downturn. The growth pace was the most rapid in 2013 when the export price increased by 33% against the previous year. The level of export peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Australia.

From 2012 to 2021, the rate of growth in terms of prices for Australia amounted to -2.3% per year.

Mattress Support Imports

Imports in Australia and Oceania

In 2021, purchases abroad of mattress supports decreased by -4% to X units for the first time since 2018, thus ending a two-year rising trend. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by 15%. The volume of import peaked at X units in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, mattress support imports amounted to $X in 2021. Total imports indicated a remarkable increase from 2012 to 2021: its value 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 +85.0% against 2016 indices. The growth pace was the most rapid in 2017 with an increase of 22%. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the near future.

Imports by Country

Australia dominates imports structure, amounting to X units, which was near 88% of total imports in 2021. It was distantly followed by New Zealand (X units), comprising a 7% share of total imports. Papua New Guinea (X units) held a little share of total imports.

Imports into Australia decreased at an average annual rate of -1.3% from 2012 to 2021. At the same time, New Zealand (+12.0%) and Papua New Guinea (+7.5%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +12.0% from 2012-2021. From 2012 to 2021, the share of New Zealand increased by +4.6 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported mattress supports in Australia and Oceania, comprising 88% of total imports. The second position in the ranking was held by New Zealand ($X), with a 7% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in Australia stood at +6.5%. In the other countries, the average annual rates were as follows: New Zealand (+12.9% per year) and Papua New Guinea (+7.4% per year).

Import Prices by Country

In 2021, the import price in Australia and Oceania amounted to $X per unit, growing by 18% against the previous year. Import price indicated a buoyant increase from 2012 to 2021: its price increased at an average annual rate of +7.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, mattress support import price increased by +93.4% against 2016 indices. The growth pace was the most rapid in 2018 when the import price increased by 41% against the previous year. Over the period under review, import prices attained the maximum in 2021 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was New Zealand ($X per unit), while Papua New Guinea ($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 mixed trends in the import price figures.

Source: IndexBox Platform

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