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

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

In 2022, after three years of decline, there was growth in the Belgian market for mattresses other than of cellular rubber or plastics, when its value increased by 1.4% to $X. In general, consumption recorded a deep setback. Consumption of peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Production of Mattresses other than of cellular rubber or plastics in Belgium

In value terms, production of mattresses other than of cellular rubber or plastics contracted modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the production volume increased by 30%. Production of peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Mattresses other than of cellular rubber or plastics

Exports from Belgium

In 2022, overseas shipments of mattresses other than of cellular rubber or plastics increased by 4.5% to X units, rising for the fifth year in a row after three years of decline. In general, exports posted notable growth. The growth pace was the most rapid in 2020 when exports increased by 75% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of mattresses other than of cellular rubber or plastics shrank notably to $X in 2022. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when exports increased by 47% against the previous year. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

The Netherlands (X units), Germany (X units) and France (X units) were the main destinations of exports of mattresses other than of cellular rubber or plastics from Belgium, together accounting for 87% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +18.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for mattresses other than of cellular rubber or plastics exported from Belgium were the Netherlands ($X), Germany ($X) and France ($X), with a combined 86% share of total exports.

Germany, with a CAGR of +13.2%, recorded the highest growth rate of the value of exports, among 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

The average export price for mattresses other than of cellular rubber or plastics stood at $X per unit in 2022, which is down by -33.1% against the previous year. In general, the export price saw a noticeable shrinkage. The pace of growth was the most pronounced in 2017 when the average export price increased by 39%. As a result, the export price attained the peak level of $X per unit. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Austria ($X per unit) and Luxembourg ($X per unit), while the average price for exports to France ($X per unit) and Germany ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Luxembourg (-4.2%), while the prices for the other major destinations experienced a decline.

Imports of Mattresses other than of cellular rubber or plastics

Imports into Belgium

After two years of growth, supplies from abroad of mattresses other than of cellular rubber or plastics decreased by -50% to X units in 2022. Over the period under review, imports, however, recorded a pronounced expansion. The most prominent rate of growth was recorded in 2020 with an increase of 83%. Over the period under review, imports of hit record highs at X units in 2021, and then reduced sharply in the following year.

In value terms, imports of mattresses other than of cellular rubber or plastics declined sharply to $X in 2022. Overall, imports, however, continue to indicate a notable increase. The pace of growth appeared the most rapid in 2021 when imports increased by 48%. As a result, imports attained the peak of $X, and then declined dramatically in the following year.

Imports by Country

In 2022, the Netherlands (X units) constituted the largest supplier of mattresses other than of cellular rubber or plastics to Belgium, with a 42% share of total imports. Moreover, imports of mattresses other than of cellular rubber or plastics from the Netherlands exceeded the figures recorded by the second-largest supplier, Poland (X units), twofold. The third position in this ranking was held by Turkey (X units), with a 14% share.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands totaled +8.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (-3.8% per year) and Turkey (+21.6% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of mattresses other than of cellular rubber or plastics to Belgium, comprising 42% of total imports. The second position in the ranking was taken by Poland ($X), with an 18% share of total imports. It was followed by Turkey, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the Netherlands totaled +9.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (-3.4% per year) and Turkey (+22.1% per year).

Import Prices by Country

In 2022, the average import price for mattresses other than of cellular rubber or plastics amounted to $X per unit, rising by 26% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 28% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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