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

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

For the third year in a row, the Chinese market for mattresses other than of cellular rubber or plastics recorded decline in sales value, which decreased by -33.9% to $X in 2022. In general, consumption continues to indicate a perceptible reduction. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, production of mattresses other than of cellular rubber or plastics dropped modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.1% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when the production volume increased by 49%. As a result, production reached the peak level of $X. From 2014 to 2022, production of growth remained at a lower figure.

Exports of Mattresses other than of cellular rubber or plastics

Exports from China

In 2022, overseas shipments of mattresses other than of cellular rubber or plastics increased by 38% to X units, rising for the second consecutive year after two years of decline. Over the period under review, total exports indicated a perceptible increase from 2012 to 2022: its volume increased at an average annual rate of +3.6% 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 +69.1% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of mattresses other than of cellular rubber or plastics fell to $X in 2022. In general, exports, however, recorded a pronounced contraction. The pace of growth was the most pronounced in 2018 when exports increased by 13%. Over the period under review, the exports of reached the maximum at $X in 2013; however, from 2014 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 China, with a 62% 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, Japan (X units), fivefold. The third position in this ranking was held by the UK (X units), with a 6.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to +14.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-5.2% per year) and the UK (+3.6% per year).

In value terms, the United States ($X), Japan ($X) and Australia ($X) were the largest markets for mattresses other than of cellular rubber or plastics exported from China worldwide, together accounting for 54% of total exports. The UK, Vietnam, South Korea, Canada and Germany lagged somewhat behind, together comprising a further 19%.

Vietnam, with a CAGR of +21.6%, recorded the highest growth rate of the value of exports, in terms of 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, dropping by -28.7% against the previous year. Over the period under review, the export price showed a abrupt contraction. The pace of growth was the most pronounced in 2013 when the average export price increased by 23%. Over the period under review, the average export prices attained the maximum at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per unit), while the average price for exports to the United States ($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 UK (+3.9%), 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 China

In 2022, imports of mattresses other than of cellular rubber or plastics into China dropped markedly to X units, waning by -40.8% compared with the previous year's figure. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 77%. Imports peaked at X units in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of mattresses other than of cellular rubber or plastics dropped sharply to $X in 2022. In general, imports, however, enjoyed resilient growth. The pace of growth appeared the most rapid in 2017 with an increase of 74%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports of remained at a lower figure.

Imports by Country

In 2022, Nepal (X units) constituted the largest supplier of mattresses other than of cellular rubber or plastics to China, with a 39% share of total imports. Moreover, imports of mattresses other than of cellular rubber or plastics from Nepal exceeded the figures recorded by the second-largest supplier, Thailand (X units), twofold. The third position in this ranking was taken by Japan (X units), with a 4.4% share.

From 2012 to 2022, the average annual growth rate of volume from Nepal amounted to +127.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+97.0% per year) and Japan (+1.0% per year).

In value terms, Thailand ($X) constituted the largest supplier of mattresses other than of cellular rubber or plastics to China, comprising 46% of total imports. The second position in the ranking was held by Australia ($X), with a 10% share of total imports. It was followed by Nepal, with a 6.9% share.

From 2012 to 2022, the average annual growth rate of value from Thailand stood at +115.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+39.0% per year) and Nepal (+142.9% 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 41% against the previous year. Over the period under review, the import price saw a resilient increase. The most prominent rate of growth was recorded in 2013 when the average import price increased by 57%. The import price peaked at $X per unit in 2018; however, from 2019 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 Australia ($X per unit), while the price for India ($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 Philippines (+17.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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