Australia: Mattress Market 2024

Mattress Market Size in Australia

For the third consecutive year, the Australian mattress market recorded growth in sales value, which increased by 0.9% to $X in 2022. In general, consumption showed strong growth. Mattress consumption peaked in 2022 and is expected to retain growth in the near future.

Mattress Production in Australia

In value terms, mattress production stood at $X in 2022 estimated in export price. Overall, production recorded a significant increase. The most prominent rate of growth was recorded in 2016 when the production volume increased by 2,099% against the previous year. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Mattress Exports

Exports from Australia

After two years of decline, shipments abroad of mattresses increased by 27% to X units in 2022. In general, exports saw a buoyant expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 55% against the previous year. The exports peaked at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, mattress exports expanded notably to $X in 2022. Overall, exports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2017 with an increase of 73% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

New Zealand (X units), China (X units) and Japan (X units) were the main destinations of mattress exports from Australia, together comprising 86% of total exports. Thailand, Papua New Guinea, Hong Kong SAR, Fiji and the United States lagged somewhat behind, together accounting for a further 11%.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +52.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the key foreign market for mattresses exports from Australia, comprising 45% of total exports. The second position in the ranking was held by New Zealand ($X), with a 20% share of total exports. It was followed by Hong Kong SAR, with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China totaled +40.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Zealand (+3.5% per year) and Hong Kong SAR (+55.3% per year).

Export Prices by Country

In 2022, the average mattress export price amounted to $X per unit, declining by -11.2% against the previous year. In general, export price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when the average export price increased by 44% against the previous year. The export price peaked at $X per unit in 2021, and then declined in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per unit), while the average price for exports to Japan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+8.9%), while the prices for the other major destinations experienced a decline.

Mattress Imports

Imports into Australia

In 2022, the amount of mattresses imported into Australia skyrocketed to X units, growing by 16% on 2021. The total import volume increased at an average annual rate of +2.1% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 26% against the previous year. As a result, imports attained the peak of X units. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, mattress imports expanded markedly to $X in 2022. In general, imports continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2013 when imports increased by 21% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest mattress supplier to Australia, accounting for a 88% share of total imports. Moreover, mattress imports from China exceeded the figures recorded by the second-largest supplier, Denmark (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +1.7%.

In value terms, China ($X) constituted the largest supplier of mattresses to Australia, comprising 81% of total imports. The second position in the ranking was taken by Denmark ($X), with an 8.6% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China amounted to +12.1%.

Import Prices by Country

In 2022, the average mattress import price amounted to $X per unit, waning by -2.7% against the previous year. Overall, the import price, however, recorded buoyant growth. The pace of growth was the most pronounced in 2021 when the average import price increased by 16% against the previous year. As a result, import price reached the peak level of $X per unit, and then shrank modestly in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Denmark ($X per unit), while the price for China amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+10.3%).

Source: IndexBox Platform

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