Bangladesh: Market for Mattresses of cellular rubber or plastics 2024

Market Size for Mattresses of cellular rubber or plastics in Bangladesh

The Bangladeshi market for mattresses of cellular rubber or plastics contracted sharply to $X in 2022, which is down by -15.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, posted a resilient increase. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Exports of Mattresses of cellular rubber or plastics

Exports from Bangladesh

Exports of mattresses of cellular rubber or plastics from Bangladesh dropped notably to X units in 2022, which is down by -48.1% against the previous year. Over the period under review, exports, however, saw significant growth. The growth pace was the most rapid in 2013 with an increase of 6,975%. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of mattresses of cellular rubber or plastics shrank remarkably to $X in 2022. Overall, exports, however, showed a significant increase. The pace of growth appeared the most rapid in 2013 when exports increased by 6,194%. Over the period under review, the exports of hit record highs at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Norway (X units) was the main destination for exports of mattresses of cellular rubber or plastics from Bangladesh, accounting for a 49% share of total exports. Moreover, exports of mattresses of cellular rubber or plastics to Norway exceeded the volume sent to the second major destination, Italy (X units), fourfold. The third position in this ranking was taken by the United States (X units), with an 8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Norway totaled -52.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (0.0% per year) and the United States (0.0% per year).

In value terms, Norway ($X), Italy ($X) and the United States ($X) were the largest markets for mattresses of cellular rubber or plastics exported from Bangladesh worldwide, with a combined 61% share of total exports. The UK, Canada and Poland lagged somewhat behind, together comprising a further 19%.

In terms of the main countries of destination, Canada, with a CAGR of +9.4%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for mattresses of cellular rubber or plastics stood at $X per unit in 2022, reducing by -1.9% against the previous year. Overall, the export price, however, saw resilient growth. The pace of growth appeared the most rapid in 2019 when the average export price increased by 159%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2021, and then declined slightly 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 the United States ($X per unit), while the average price for exports to Poland ($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 Norway (+62.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Mattresses of cellular rubber or plastics

Imports into Bangladesh

Imports of mattresses of cellular rubber or plastics into Bangladesh declined dramatically to X units in 2022, falling by -18.7% against 2021 figures. Overall, imports, however, showed a noticeable increase. The most prominent rate of growth was recorded in 2016 with an increase of 104%. Over the period under review, imports of hit record highs at X units in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of mattresses of cellular rubber or plastics declined notably to $X in 2022. Over the period under review, imports, however, recorded prominent growth. The pace of growth was the most pronounced in 2016 when imports increased by 261% against the previous year. Over the period under review, imports of attained the peak figure at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) was the main supplier of mattresses of cellular rubber or plastics to Bangladesh, accounting for a 94% share of total imports. Moreover, imports of mattresses of cellular rubber or plastics from China exceeded the figures recorded by the second-largest supplier, Singapore (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +4.8%.

In value terms, China ($X) constituted the largest supplier of mattresses of cellular rubber or plastics to Bangladesh, comprising 56% of total imports. The second position in the ranking was held by Singapore ($X), with a 15% share of total imports.

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

Import Prices by Country

In 2022, the average import price for mattresses of cellular rubber or plastics amounted to $X per unit, flattening at the previous year. Over the period under review, the import price, however, saw a remarkable increase. The pace of growth was the most pronounced in 2016 an increase of 77% against the previous year. The import price peaked at $X per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($X per unit), while the price for China totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+7.2%).

Source: IndexBox Platform

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