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

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

After two years of growth, the Chilean market for mattresses other than of cellular rubber or plastics decreased by -60.3% to $X in 2022. Over the period under review, consumption, however, showed a buoyant expansion. As a result, consumption reached the peak level of $X, and then shrank notably in the following year.

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

In value terms, production of mattresses other than of cellular rubber or plastics amounted to $X in 2022 estimated in export price. Overall, production continues to indicate a precipitous curtailment. The pace of growth was the most pronounced in 2013 when the production volume decreased by 99.9% against the previous year. Over the period under review, production of attained the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Mattresses other than of cellular rubber or plastics

Exports from Chile

In 2022, exports of mattresses other than of cellular rubber or plastics from Chile contracted notably to X units, with a decrease of -17.8% compared with 2021. In general, exports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 25%. Over the period under review, the exports of hit record highs at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, exports of mattresses other than of cellular rubber or plastics shrank sharply to $X in 2022. Over the period under review, exports saw a abrupt decrease. The pace of growth appeared the most rapid in 2021 when exports increased by 30%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for exports of mattresses other than of cellular rubber or plastics from Chile, accounting for a 52% share of total exports. Moreover, exports of mattresses other than of cellular rubber or plastics to the United States exceeded the volume sent to the second major destination, Peru (X units), fourfold. Argentina (X units) ranked third in terms of total exports with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled +169.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (-21.0% per year) and Argentina (-9.5% per year).

In value terms, the United States ($X), Peru ($X) and Bolivia ($X) were the largest markets for mattresses other than of cellular rubber or plastics exported from Chile worldwide, together comprising 81% of total exports.

Among the main countries of destination, the United States, with a CAGR of +171.2%, 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 trend patterns.

Export Prices by Country

In 2022, the average export price for mattresses other than of cellular rubber or plastics amounted to $X per unit, falling by -8.5% against the previous year. Overall, the export price showed a deep downturn. The most prominent rate of growth was recorded in 2013 when the average export price increased by 28% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Peru ($X per unit), while the average price for exports to Venezuela ($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 Paraguay (+3.2%), 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 Chile

In 2022, overseas purchases of mattresses other than of cellular rubber or plastics decreased by -68.5% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 254% against the previous year. As a result, imports attained the peak of X units, and then shrank sharply in the following year.

In value terms, imports of mattresses other than of cellular rubber or plastics fell remarkably to $X in 2022. In general, imports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 414% against the previous year. As a result, imports reached the peak of $X, and then declined sharply in the following year.

Imports by Country

In 2022, China (X units) constituted the largest mattresses other than of cellular rubber or plastics supplier to Chile, accounting for a 67% share of total imports. Moreover, imports of mattresses other than of cellular rubber or plastics from China exceeded the figures recorded by the second-largest supplier, Germany (X units), fourfold. The third position in this ranking was taken by Peru (X units), with a 6.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+30.8% per year) and Peru (-1.4% per year).

In value terms, China ($X) constituted the largest supplier of mattresses other than of cellular rubber or plastics to Chile, comprising 57% of total imports. The second position in the ranking was held by Peru ($X), with a 15% share of total imports. It was followed by Poland, with a 7.5% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +25.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (+15.3% per year) and Poland (+52.0% 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, rising by 60% against the previous year. Overall, the import price posted a strong increase. The pace of growth was the most pronounced in 2014 an increase of 62%. The import price peaked in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+20.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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