Australia and Oceania: Market for Mattresses other than of cellular rubber or plastics 2024

Market Size for Mattresses other than of cellular rubber or plastics in Australia and Oceania

In 2022, the market for mattresses other than of cellular rubber or plastics in Australia and Oceania increased by 6.8% to $X, rising for the sixth consecutive year after two years of decline. The total consumption indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +8.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +74.4% against 2016 indices. Over the period under review, the market hit record highs in 2022 and is likely to continue growth in the near future.

Production of Mattresses other than of cellular rubber or plastics in Australia and Oceania

In value terms, production of mattresses other than of cellular rubber or plastics surged to $X in 2022 estimated in export price. Overall, production showed a significant expansion. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Exports of Mattresses other than of cellular rubber or plastics

Exports in Australia and Oceania

In 2022, shipments abroad of mattresses other than of cellular rubber or plastics was finally on the rise to reach X units for the first time since 2018, thus ending a three-year declining trend. Overall, exports showed resilient growth. The most prominent rate of growth was recorded in 2013 when exports increased by 140% against the previous year. Over the period under review, the exports of hit record highs at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of mattresses other than of cellular rubber or plastics expanded remarkably to $X in 2022. In general, exports saw prominent growth. The pace of growth was the most pronounced in 2013 with an increase of 145%. Over the period under review, the exports of attained the peak figure at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Australia prevails in plastics structure, accounting for X units, which was near 91% of total exports in 2022. The following exporters - Fiji (X units) and New Zealand (X units) - each reached a 7.8% share of total exports.

Australia was also the fastest-growing in terms of the mattresses other than of cellular rubber or plastics exports, with a CAGR of +12.1% from 2012 to 2022. Fiji (-4.6%) and New Zealand (-12.2%) illustrated a downward trend over the same period. While the share of Australia (+23 p.p.) and Fiji (+4.1 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of New Zealand (-28 p.p.) displayed negative dynamics.

In value terms, Australia ($X) remains the largest mattresses other than of cellular rubber or plastics supplier in Australia and Oceania, comprising 88% of total exports. The second position in the ranking was taken by New Zealand ($X), with an 8.7% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia stood at +17.2%. In the other countries, the average annual rates were as follows: New Zealand (-9.0% per year) and Fiji (-0.2% per year).

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per unit, waning by -10.6% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of 38% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2016 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: 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 Fiji (+4.6%), while the other leaders experienced more modest paces of growth.

Imports of Mattresses other than of cellular rubber or plastics

Imports in Australia and Oceania

Imports of mattresses other than of cellular rubber or plastics expanded notably to X units in 2022, growing by 12% compared with 2021. The total import volume increased at an average annual rate of +1.8% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2013 when imports increased by 32%. As a result, imports reached the peak of X units. From 2014 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of mattresses other than of cellular rubber or plastics expanded rapidly to $X in 2022. In general, imports recorded a buoyant increase. The most prominent rate of growth was recorded in 2013 when imports increased by 38%. Over the period under review, imports of reached the maximum in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, Australia (X units) was the key importer of mattresses other than of cellular rubber or plastics, committing 86% of total imports. It was distantly followed by New Zealand (X units), committing an 11% share of total imports.

Imports into Australia increased at an average annual rate of +1.2% from 2012 to 2022. At the same time, New Zealand (+8.1%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +8.1% from 2012-2022. From 2012 to 2022, the share of New Zealand increased by +4.9 percentage points.

In value terms, Australia ($X) constitutes the largest market for imported mattresses other than of cellular rubber or plastics in Australia and Oceania, comprising 85% of total imports. The second position in the ranking was held by New Zealand ($X), with a 12% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Australia amounted to +11.0%.

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per unit, which is down by -5.3% against the previous year. Over the period under review, the import price, however, continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2021 when the import price increased by 21%. As a result, import price attained the peak level of $X per unit, and then shrank 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 totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+9.7%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :