Belgium: Mattress Market 2024

Mattress Market Size in Belgium

In 2022, the Belgian mattress market increased by 34% to $X, rising for the third consecutive year after two years of decline. Over the period under review, the total consumption indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +2.1% 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 +100.0% against 2019 indices. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in years to come.

Mattress Production in Belgium

In value terms, mattress production reduced modestly to $X in 2022 estimated in export price. Overall, production, however, saw a pronounced decline. The most prominent rate of growth was recorded in 2018 when the production volume increased by 18%. Mattress production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Mattress Exports

Exports from Belgium

After four years of growth, shipments abroad of mattresses decreased by -20.4% to X units in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 27% against the previous year. The exports peaked at X units in 2021, and then contracted remarkably in the following year.

In value terms, mattress exports fell sharply to $X in 2022. Overall, exports showed a mild decline. The growth pace was the most rapid in 2020 with an increase of 19%. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The Netherlands (X units), France (X units) and Germany (X units) were the main destinations of mattress exports from Belgium, together comprising 85% of total exports. Italy, Austria, Luxembourg and Switzerland lagged somewhat behind, together accounting for a further 7.8%.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +17.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X), the Netherlands ($X) and Germany ($X) were the largest markets for mattress exported from Belgium worldwide, with a combined 85% share of total exports. Italy, Luxembourg, Austria and Switzerland lagged somewhat behind, together accounting for a further 7.8%.

Italy, with a CAGR of +19.0%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average mattress export price amounted to $X per unit, dropping by -6.8% against the previous year. Over the period under review, the export price saw a pronounced downturn. The pace of growth was the most pronounced in 2017 an increase of 51% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2018 to 2022, the average export prices remained at a lower figure.

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 Italy ($X per unit), while the average price for exports to Austria ($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 Italy (+1.3%), while the prices for the other major destinations experienced a decline.

Mattress Imports

Imports into Belgium

In 2022, overseas purchases of mattresses decreased by -56.8% to X units for the first time since 2019, thus ending a two-year rising trend. In general, imports, however, saw a slight increase. The pace of growth appeared the most rapid in 2020 with an increase of 78%. Over the period under review, imports attained the maximum at X units in 2021, and then shrank notably in the following year.

In value terms, mattress imports fell notably to $X in 2022. Over the period under review, imports, however, showed modest growth. The most prominent rate of growth was recorded in 2021 when imports increased by 52%. As a result, imports attained the peak of $X, and then shrank notably in the following year.

Imports by Country

In 2022, the Netherlands (X units) constituted the largest supplier of mattress to Belgium, accounting for a 48% share of total imports. Moreover, mattress imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Poland (X units), threefold. France (X units) ranked third in terms of total imports with an 8.4% share.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands stood at +8.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (-6.8% per year) and France (-1.9% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of mattresses to Belgium, comprising 49% of total imports. The second position in the ranking was taken by Poland ($X), with a 14% share of total imports. It was followed by France, with an 8.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the Netherlands amounted to +8.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (-6.7% per year) and France (-1.7% per year).

Import Prices by Country

In 2022, the average mattress import price amounted to $X per unit, rising by 44% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Croatia ($X per unit) and Denmark ($X per unit), while the price for Turkey ($X per unit) and Poland ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+0.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :