China: Market for Mattresses of cellular rubber or plastics 2024

Market Size for Mattresses of cellular rubber or plastics in China

The Chinese market for mattresses of cellular rubber or plastics fell slightly to $X in 2022, with a decrease of -2.1% against the previous year. Over the period under review, consumption saw a deep contraction. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Production of Mattresses of cellular rubber or plastics in China

In value terms, production of mattresses of cellular rubber or plastics dropped slightly to $X in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 55% against the previous year. Over the period under review, production of attained the peak level at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Exports of Mattresses of cellular rubber or plastics

Exports from China

In 2022, exports of mattresses of cellular rubber or plastics from China reached X units, stabilizing at the year before. Overall, total exports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +7.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +39.0% against 2020 indices. The pace of growth appeared the most rapid in 2014 with an increase of 57% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, exports of mattresses of cellular rubber or plastics fell to $X in 2022. Over the period under review, exports posted a strong expansion. The most prominent rate of growth was recorded in 2014 with an increase of 41% against the previous year. Over the period under review, the exports of hit record highs at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Japan (X units), the United States (X units) and Germany (X units) were the main destinations of exports of mattresses of cellular rubber or plastics from China, with a combined 46% share of total exports. Australia, South Korea, Vietnam, Malaysia, Singapore, Poland, Canada, the UK, the Netherlands and France lagged somewhat behind, together comprising a further 35%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (with a CAGR of +63.6%), while the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), the United States ($X) and Australia ($X) constituted the largest markets for mattresses of cellular rubber or plastics exported from China worldwide, together accounting for 43% of total exports. South Korea, Germany, Singapore, Canada, Malaysia, the UK, Poland, Vietnam, the Netherlands and France lagged somewhat behind, together comprising a further 32%.

In terms of the main countries of destination, Vietnam, with a CAGR of +51.6%, saw the highest rates of growth with regard to the value of exports, 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 export price for mattresses of cellular rubber or plastics amounted to $X per unit, reducing by -9% against the previous year. Overall, the export price continues to indicate a noticeable slump. The pace of growth appeared the most rapid in 2016 an increase of 32%. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per unit), while the average price for exports to Vietnam ($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 the Netherlands (+10.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Mattresses of cellular rubber or plastics

Imports into China

In 2022, purchases abroad of mattresses of cellular rubber or plastics decreased by -20.4% to X units, falling for the third consecutive year after eight years of growth. Over the period under review, imports, however, posted a remarkable increase. The pace of growth appeared the most rapid in 2019 when imports increased by 91% against the previous year. As a result, imports attained the peak of X units. From 2020 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of mattresses of cellular rubber or plastics shrank remarkably to $X in 2022. In general, imports, however, recorded prominent growth. The pace of growth appeared the most rapid in 2018 with an increase of 62% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Thailand (X units) constituted the largest supplier of mattresses of cellular rubber or plastics to China, accounting for a 61% share of total imports. Moreover, imports of mattresses of cellular rubber or plastics from Thailand exceeded the figures recorded by the second-largest supplier, Vietnam (X units), fivefold. Malaysia (X units) ranked third in terms of total imports with a 5.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Thailand totaled +154.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+65.6% per year) and Malaysia (+13.1% per year).

In value terms, Thailand ($X) constituted the largest supplier of mattresses of cellular rubber or plastics to China, comprising 52% of total imports. The second position in the ranking was held by Italy ($X), with an 8.4% share of total imports. It was followed by Vietnam, with a 7.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Thailand amounted to +138.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+5.8% per year) and Vietnam (+41.2% per year).

Import Prices by Country

The average import price for mattresses of cellular rubber or plastics stood at $X per unit in 2022, remaining stable against the previous year. In general, the import price, however, recorded a pronounced decrease. The most prominent rate of growth was recorded in 2017 an increase of 30%. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+21.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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