Australia and Oceania: Mattress Market 2024

Mattress Market Size in Australia and Oceania

The mattress market in Australia and Oceania amounted to $X in 2022, stabilizing at the previous year. Overall, consumption showed a prominent expansion. The level of consumption peaked in 2022 and is expected to retain growth in the near future.

Mattress Production in Australia and Oceania

In value terms, mattress production shrank slightly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a resilient expansion. The growth pace was the most rapid in 2016 when the production volume increased by 134% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Mattress Exports

Exports in Australia and Oceania

In 2022, shipments abroad of mattresses was finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. In general, exports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of 100%. Over the period under review, the exports hit record highs at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, mattress exports expanded rapidly to $X in 2022. Total exports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +8.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when exports increased by 100%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Australia prevails in exports structure, accounting for X units, which was approx. 86% of total exports in 2022. New Zealand (X units) held the second position in the ranking, followed by Fiji (X units). All these countries together held near 13% share of total exports.

Australia was also the fastest-growing in terms of the mattresses exports, with a CAGR of +11.7% from 2012 to 2022. At the same time, Fiji (+2.6%) displayed positive paces of growth. By contrast, New Zealand (-9.0%) illustrated a downward trend over the same period. While the share of Australia (+25 p.p.) and Fiji (+6.3 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of New Zealand (-30.4 p.p.) displayed negative dynamics.

In value terms, Australia ($X) remains the largest mattress supplier in Australia and Oceania, comprising 84% of total exports. The second position in the ranking was held by New Zealand ($X), with a 12% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia amounted to +13.4%. The remaining exporting countries recorded the following average annual rates of exports growth: New Zealand (-5.1% per year) and Fiji (+5.3% per year).

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per unit, declining by -13.3% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 44% against the previous year. The level of export peaked at $X per unit in 2021, and then dropped in the following year.

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 New Zealand ($X per unit), while Fiji ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+4.4%), while the other leaders experienced more modest paces of growth.

Mattress Imports

Imports in Australia and Oceania

In 2022, approx. X units of mattresses were imported in Australia and Oceania; with an increase of 14% against the previous year's figure. The total import volume increased at an average annual rate of +2.6% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when imports increased by 26%. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, mattress imports stood at $X in 2022. In general, imports recorded a strong expansion. The pace of growth appeared the most rapid in 2020 with an increase of 20% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

Australia dominates imports structure, resulting at X units, which was approx. 88% of total imports in 2022. It was distantly followed by New Zealand (X units), achieving a 9.5% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to mattress imports into Australia stood at +2.1%. At the same time, New Zealand (+7.9%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +7.9% from 2012-2022. New Zealand (+3.8 p.p.) significantly strengthened its position in terms of the total imports, while Australia saw its share reduced by -3.6% from 2012 to 2022, respectively.

In value terms, Australia ($X) constitutes the largest market for imported mattresses in Australia and Oceania, comprising 87% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 10% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Australia amounted to +10.6%.

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per unit, shrinking by -3.1% against the previous year. In general, the import price, however, showed a prominent increase. The most prominent rate of growth was recorded in 2021 when the import price increased by 16%. As a result, import price reached the peak level of $X per unit, and then contracted slightly in the following year.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was New Zealand ($X per unit), while Australia amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+8.3%).

Source: IndexBox Platform

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