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

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

For the third year in a row, the Benelux market for mattresses other than of cellular rubber or plastics recorded decline in sales value, which decreased by -10.5% to $X in 2022. In general, consumption recorded a abrupt decline. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

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

In value terms, production of mattresses other than of cellular rubber or plastics contracted to $X in 2022 estimated in export price. Over the period under review, production, however, showed a mild curtailment. The growth pace was the most rapid in 2017 with an increase of 30%. Over the period under review, production of attained the maximum level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Exports of Mattresses other than of cellular rubber or plastics

Exports in Benelux

In 2022, overseas shipments of mattresses other than of cellular rubber or plastics increased by 0.9% to X units, rising for the fifth year in a row after three years of decline. In general, exports saw a buoyant expansion. The growth pace was the most rapid in 2020 when exports increased by 54% against the previous year. The volume of export peaked in 2022 and is likely to see gradual growth in the immediate term.

In value terms, exports of mattresses other than of cellular rubber or plastics shrank dramatically to $X in 2022. Total exports indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 22%. The level of export peaked at $X in 2021, and then contracted sharply in the following year.

Exports by Country

In 2022, the Netherlands (X units) and Belgium (X units) was the major exporter of mattresses other than of cellular rubber or plastics in Benelux, achieving 100% of total export.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +8.8%).

In value terms, the largest mattresses other than of cellular rubber or plastics supplying countries in Benelux were the Netherlands ($X) and Belgium ($X).

The Netherlands, with a CAGR of +5.0%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

In 2022, the export price in Benelux amounted to $X per unit, which is down by -19.2% against the previous year. Overall, the export price recorded a perceptible setback. The pace of growth was the most pronounced in 2017 when the export price increased by 39%. As a result, the export price attained the peak level of $X per unit. From 2018 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while Belgium amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (-3.4%).

Imports of Mattresses other than of cellular rubber or plastics

Imports in Benelux

In 2022, overseas purchases of mattresses other than of cellular rubber or plastics decreased by -36.2% to X units for the first time since 2015, thus ending a six-year rising trend. In general, imports, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2020 when imports increased by 54% against the previous year. Over the period under review, imports of attained the peak figure at X units in 2021, and then dropped markedly in the following year.

In value terms, imports of mattresses other than of cellular rubber or plastics dropped dramatically to $X in 2022. Overall, imports, however, continue to indicate a strong increase. The pace of growth was the most pronounced in 2021 with an increase of 27%. As a result, imports attained the peak of $X, and then fell significantly in the following year.

Imports by Country

The Netherlands represented the largest importer of mattresses other than of cellular rubber or plastics in Benelux, with the volume of imports amounting to X units, which was near 76% of total imports in 2022. It was distantly followed by Belgium (X units), mixing up a 20% share of total imports. Luxembourg (X units) followed a long way behind the leaders.

The Netherlands was also the fastest-growing in terms of the mattresses other than of cellular rubber or plastics imports, with a CAGR of +7.7% from 2012 to 2022. At the same time, Belgium (+2.4%) displayed positive paces of growth. Luxembourg experienced a relatively flat trend pattern. While the share of the Netherlands (+11 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Luxembourg (-2.6 p.p.) and Belgium (-8.5 p.p.) displayed negative dynamics.

In value terms, the Netherlands ($X) constitutes the largest market for imported mattresses other than of cellular rubber or plastics in Benelux, comprising 75% of total imports. The second position in the ranking was taken by Belgium ($X), with a 22% share of total imports.

In the Netherlands, imports of mattresses other than of cellular rubber or plastics increased at an average annual rate of +8.4% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Belgium (+2.8% per year) and Luxembourg (+0.4% per year).

Import Prices by Country

In 2022, the import price in Benelux amounted to $X per unit, jumping by 21% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by 22%. Over the period under review, import prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Luxembourg ($X per unit), while the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+0.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform