Bangladesh: Market for Mattresses other than of cellular rubber or plastics 2024

Market Size for Mattresses other than of cellular rubber or plastics in Bangladesh

The Bangladeshi market for mattresses other than of cellular rubber or plastics was finally on the rise to reach $X in 2022, after two years of decline. Over the period under review, consumption saw a perceptible expansion. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Exports of Mattresses other than of cellular rubber or plastics

Exports from Bangladesh

In 2022, approx. X units of mattresses other than of cellular rubber or plastics were exported from Bangladesh; with an increase of 5.8% on 2021. Overall, exports, however, saw a abrupt curtailment. The pace of growth appeared the most rapid in 2016 when exports increased by 307%. Over the period under review, the exports of reached the peak figure at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, exports of mattresses other than of cellular rubber or plastics totaled $X in 2022. In general, exports, however, continue to indicate a sharp descent. The most prominent rate of growth was recorded in 2016 when exports increased by 271% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

France (X units), the Philippines (X units) and Sweden (X units) were the main destinations of exports of mattresses other than of cellular rubber or plastics from Bangladesh, with a combined 5.5% share of total exports. Moreover, exports of mattresses other than of cellular rubber or plastics in France exceeded the figures recorded by the second-largest exporter, the Philippines, twofold.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +9.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X) emerged as the key foreign market for mattresses other than of cellular rubber or plastics exports from Bangladesh, comprising 27% of total exports. The second position in the ranking was held by the Philippines ($X), with a 13% share of total exports. It was followed by Germany, with a 6.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to France stood at +59.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (-51.8% per year) and Germany (0.0% per year).

Export Prices by Country

The average export price for mattresses other than of cellular rubber or plastics stood at $X per unit in 2022, growing by 1.9% against the previous year. Overall, the export price, however, showed a mild curtailment. The growth pace was the most rapid in 2020 when the average export price increased by 139% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Ireland ($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 Spain (+1,850.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Mattresses other than of cellular rubber or plastics

Imports into Bangladesh

In 2022, imports of mattresses other than of cellular rubber or plastics into Bangladesh skyrocketed to X units, picking up by 41% on 2021. Overall, imports posted a prominent increase. The most prominent rate of growth was recorded in 2014 with an increase of 158%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, imports of mattresses other than of cellular rubber or plastics surged to $X in 2022. Over the period under review, imports, however, continue to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of 234%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports of remained at a lower figure.

Imports by Country

South Korea (X units), China (X units) and India (X units) were the main suppliers of imports of mattresses other than of cellular rubber or plastics to Bangladesh, with a combined 16% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +59.6%), while imports for the other leaders experienced mixed trend patterns.

In value terms, South Korea ($X) constituted the largest supplier of mattresses other than of cellular rubber or plastics to Bangladesh, comprising 9.6% of total imports. The second position in the ranking was taken by China ($X), with a 4.4% share of total imports.

From 2012 to 2022, the average annual growth rate of value from South Korea was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (-28.5% per year) and India (+39.5% per year).

Import Prices by Country

The average import price for mattresses other than of cellular rubber or plastics stood at $X per unit in 2022, falling by -4.3% against the previous year. Overall, the import price continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2014 an increase of 29%. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+15.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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