Central Asia: Mattress Market 2024

Mattress Market Size in Central Asia

The Central Asian mattress market fell slightly to $X in 2022, with a decrease of -2.1% against the previous year. The total consumption indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.3% 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 +3.5% against 2020 indices. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Mattress Production in Central Asia

In value terms, mattress production dropped slightly to $X in 2022 estimated in export price. Overall, production, however, saw a strong increase. The pace of growth was the most pronounced in 2018 with an increase of 38% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Mattress Exports

Exports in Central Asia

Mattress exports surged to X units in 2022, picking up by 19% against the year before. Overall, exports continue to indicate a measured expansion. The growth pace was the most rapid in 2015 with an increase of 7,144% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, mattress exports declined notably to $X in 2022. In general, exports, however, continue to indicate a slight decline. The pace of growth was the most pronounced in 2015 when exports increased by 5,522%. The level of export peaked at $X in 2021, and then fell sharply in the following year.

Exports by Country

Uzbekistan represented the key exporting country with an export of about X units, which resulted at 66% of total exports. Kyrgyzstan (X units) ranks second in terms of the total exports with a 20% share, followed by Kazakhstan (15%).

Exports from Uzbekistan increased at an average annual rate of +27.4% from 2012 to 2022. At the same time, Kazakhstan (+49.0%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of +49.0% from 2012-2022. By contrast, Kyrgyzstan (-13.1%) illustrated a downward trend over the same period. While the share of Uzbekistan (+66 p.p.) and Kazakhstan (+14 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Kyrgyzstan (-79.8 p.p.) displayed negative dynamics.

In value terms, Kazakhstan ($X), Kyrgyzstan ($X) and Uzbekistan ($X) appeared to be the countries with the highest levels of exports in 2022, together accounting for 100% of total exports.

Among the main exporting countries, Uzbekistan, with a CAGR of +60.0%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in Central Asia amounted to $X per unit, dropping by -29.9% against the previous year. Over the period under review, the export price continues to indicate a noticeable setback. The most prominent rate of growth was recorded in 2018 when the export price increased by 132%. As a result, the export price attained the peak level of $X per unit. From 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($X per unit), while Uzbekistan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+25.6%), while the other leaders experienced more modest paces of growth.

Mattress Imports

Imports in Central Asia

In 2022, the amount of mattresses imported in Central Asia contracted rapidly to X units, reducing by -39.5% against 2021. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 45%. Over the period under review, imports reached the maximum at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, mattress imports contracted to $X in 2022. Total imports indicated modest growth from 2012 to 2022: its value increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +107.5% against 2016 indices. The pace of growth was the most pronounced in 2017 with an increase of 53%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Kazakhstan was the largest importing country with an import of about X units, which accounted for 60% of total imports. It was distantly followed by Uzbekistan (X units), Kyrgyzstan (X units), Mongolia (X units) and Turkmenistan (X units), together constituting a 36% share of total imports. Tajikistan (X units) followed a long way behind the leaders.

Imports into Kazakhstan decreased at an average annual rate of -2.0% from 2012 to 2022. At the same time, Uzbekistan (+44.6%), Mongolia (+9.4%), Tajikistan (+5.3%) and Kyrgyzstan (+2.7%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +44.6% from 2012-2022. By contrast, Turkmenistan (-5.7%) illustrated a downward trend over the same period. While the share of Uzbekistan (+11 p.p.), Mongolia (+4.6 p.p.), Kyrgyzstan (+2.4 p.p.) and Tajikistan (+1.6 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Turkmenistan (-4.9 p.p.) and Kazakhstan (-15 p.p.) displayed negative dynamics.

In value terms, Kazakhstan ($X) constitutes the largest market for imported mattresses in Central Asia, comprising 69% of total imports. The second position in the ranking was taken by Uzbekistan ($X), with an 11% share of total imports. It was followed by Mongolia, with a 7.3% share.

From 2012 to 2022, the average annual growth rate of value in Kazakhstan was relatively modest. In the other countries, the average annual rates were as follows: Uzbekistan (+69.7% per year) and Mongolia (+14.7% per year).

Import Prices by Country

In 2022, the import price in Central Asia amounted to $X per unit, picking up by 54% against the previous year. Import price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, mattress import price increased by +118.2% against 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Kazakhstan ($X per unit), while Kyrgyzstan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+17.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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