Report Update Nov 1, 2024

Cuba - Mattresses - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Mattress Market 2024

Mattress Market Size in Cuba

In 2021, the Cuban mattress market decreased by -23.8% to $X for the first time since 2018, thus ending a two-year rising trend. Overall, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a somewhat lower figure.

Mattress Production in Cuba

In value terms, mattress production reduced remarkably to $X in 2021 estimated in export price. In general, production, however, continues to indicate strong growth. The growth pace was the most rapid in 2020 when the production volume increased by 61%. As a result, production attained the peak level of $X, and then dropped notably in the following year.

Mattress Exports

Exports from Cuba

Mattress exports from Cuba contracted markedly to X units in 2021, dropping by -71.4% on the year before. In general, exports showed a precipitous setback. The pace of growth was the most pronounced in 2019 when exports increased by 200% against the previous year. The exports peaked at X units in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, mattress exports contracted dramatically to $X in 2021. Overall, exports faced a dramatic setback. The most prominent rate of growth was recorded in 2019 with an increase of 213% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Venezuela (X units) was the main destination for mattress exports from Cuba, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Venezuela totaled -18.1%.

In value terms, Angola ($X) remains the key foreign market for mattress exports from Cuba, comprising 75% of total exports. The second position in the ranking was taken by Costa Rica ($X), with a 13% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Angola amounted to -16.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Costa Rica (-14.1% per year) and Venezuela (-29.7% per year).

Export Prices by Country

In 2021, the average mattress export price amounted to $X per unit, with an increase of 13% against the previous year. In general, the export price recorded buoyant growth. The most prominent rate of growth was recorded in 2018 an increase of 67% against the previous year. The export price peaked in 2021 and is likely to see steady growth in years to come.

As there is only one major export destination, the average price level is determined by prices for Venezuela.

From 2012 to 2021, the rate of growth in terms of prices for Angola amounted to +23.8% per year.

Mattress Imports

Imports into Cuba

In 2021, purchases abroad of mattresses decreased by -64.7% to X units, falling for the fifth consecutive year after two years of growth. Over the period under review, imports saw a deep setback. The growth pace was the most rapid in 2016 when imports increased by 290%. As a result, imports attained the peak of X units. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, mattress imports dropped rapidly to $X in 2021. Overall, imports continue to indicate a precipitous shrinkage. The pace of growth was the most pronounced in 2016 when imports increased by 270%. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Spain (X units) constituted the largest mattress supplier to Cuba, with a 59% share of total imports. Moreover, mattress imports from Spain exceeded the figures recorded by the second-largest supplier, Panama (X units), fivefold. China (X units) ranked third in terms of total imports with an 8.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain stood at +6.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Panama (-4.7% per year) and China (-33.1% per year).

In value terms, Spain ($X) constituted the largest supplier of mattress to Cuba, comprising 48% of total imports. The second position in the ranking was taken by Panama ($X), with a 21% share of total imports. It was followed by Mexico, with a 7.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Spain was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Panama (-4.1% per year) and Mexico (-28.2% per year).

Import Prices by Country

In 2021, the average mattress import price amounted to $X per unit, with an increase of 12% against the previous year. Overall, the import price, however, recorded a noticeable downturn. The most prominent rate of growth was recorded in 2018 when the average import price increased by 30% against the previous year. As a result, import price attained the peak level of $X per unit. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Mexico ($X per unit), while the price for Colombia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Panama (+0.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for mattresses in the world?

The countries with the highest volumes of in 2021 were the United States, China and South Africa, together accounting for 31% of global consumption. Brazil, Nigeria, Pakistan, Indonesia, Bangladesh, Germany, France, Ethiopia, Mexico and Kenya lagged somewhat behind, together comprising a further 25%.

What are the largest producers of mattresses in the world?

China remains the largest mattress producing country worldwide, comprising approx. 24% of total volume. Moreover, mattress production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. The third position in this ranking was occupied by Indonesia, with a 4% share.

What are the leading suppliers of mattresses to Cuba?

In value terms, the largest mattress suppliers to Cuba were Panama, China and Colombia, together comprising 61% of total imports.

What are the leading importers of mattresses from Cuba?

In value terms, Venezuela $438) and Costa Rica $274) constituted the largest markets for mattress exported from Cuba worldwide.

What is the average export price for mattresses in Cuba?

The average mattress export price stood at $30 per unit in 2021, shrinking by -62.1% against the previous year.

What is the average import price for mattresses in Cuba?

The average mattress import price stood at $51 per unit in 2021, waning by -23.8% against the previous year.

This report provides an in-depth analysis of the mattress market in Cuba. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 31031230 - Mattresses of cellular rubber (including with a metal frame) (excluding water-mattresses, pneumatic mattresses)
Prodcom 31031250 - Mattresses of cellular plastics (including with a metal frame) (excluding water-mattresses, pneumatic mattresses)
Prodcom 31031270 - Mattresses with spring interiors (excluding of cellular rubber or plastics)
Prodcom 31031290 - Mattresses (excluding with spring interiors, of cellular rubber or plastics)

Country coverage:

Cuba

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Cuba
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023