Cyprus: Mattress Market 2020

Mattress Market Size in Cyprus

The revenue of the mattress market in Cyprus amounted to $X in 2018, surging by X% against the previous year. In general, mattress consumption continues to indicate a mild deduction. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, the mattress market attained its maximum level at $X in 2007; however, from 2008 to 2018, consumption stood at a somewhat lower figure.

Mattress Production in Cyprus

In value terms, mattress production amounted to $X in 2018 estimated in export prices. Over the period under review, mattress production continues to indicate a deep setback. The pace of growth appeared the most rapid in 2014 when production volume increased by X% against the previous year. Cyprus mattress production peaked at $X in 2008; however, from 2009 to 2018, production remained at a lower figure.

Mattress Exports

Exports from Cyprus

In 2018, approx. X units of mattresses were exported from Cyprus; increasing by X% against the previous year. Overall, mattress exports, however, continue to indicate a slight downturn. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Over the period under review, mattress exports reached their maximum at X units in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

In value terms, mattress exports stood at $X in 2018. In general, mattress exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when exports increased by X% year-to-year. Over the period under review, mattress exports reached their peak figure at $X in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

Exports by Country

China (X units) and Poland (X units) were the main exporters of mattresses in 2018, resulting at approx. X% and X% of total exports, respectively. Belgium (X units), Italy (X units), the Netherlands (X units), Denmark (X units), Mexico (X units), Germany (X units), Vietnam (X units), Turkey (X units), Romania (X units) and Malaysia (X units) followed a long way behind the leaders.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Romania, while the other leaders experienced more modest paces of growth.

In value terms, the largest mattress markets from Cyprus were China ($X), Poland ($X) and Denmark ($X), together comprising X% of total exports. These countries were followed by Belgium, the Netherlands, Italy, Mexico, Germany, Romania, Vietnam, Turkey, Malaysia and Cyprus, which together accounted for a further X the main exporting countries, Romania recorded the highest growth rate of exports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The mattress export price in Cyprus stood at $X per unit in 2018, standing approx. at the previous year. Overall, the export price indicated mild growth from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, mattress export price decreased by -X% against 2015 indices. The growth pace was the most rapid in 2015 when the export price increased by X% year-to-year. In that year, the export prices for mattresses reached their peak level of $X per unit. From 2016 to 2018, the growth in terms of the export prices for mattresses remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Denmark ($X per unit), while Poland ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Turkey, while the other leaders experienced more modest paces of growth.

Mattress Imports

Imports into Cyprus

In 2018, the imports of mattresses into Cyprus totaled X units, picking up by X% against the previous year. Over the period under review, mattress imports continue to indicate a modest increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. In that year, mattress imports reached their peak and are likely to continue its growth in the immediate term.

In value terms, mattress imports amounted to $X in 2018. Over the period under review, mattress imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. In that year, mattress imports attained their peak and are likely to continue its growth in the immediate term.

Imports by Country

In 2018, the U.S. (X units), distantly followed by Germany (X units), France (X units), Canada (X units) and the Netherlands (X units) were the key importers of mattresses, together mixing up X% of total imports. The following importers - Spain (X units), the UK (X units), Australia (X units), Sweden (X units), Japan (X units), Denmark (X units) and Switzerland (X units) - together made up X% of total imports.

The U.S. was also the fastest-growing in terms of the mattresses imports, with a CAGR of +X% from 2007 to 2018. At the same time, Canada (+X%), Germany (+X%), Spain (+X%), France (+X%), the UK (+X%), Japan (+X%), Denmark (+X%), Switzerland (+X%), Australia (+X%), Sweden (+X%) and the Netherlands (+X%) displayed positive paces of growth. The U.S. (+X p.p.), Germany (+X p.p.), Canada (+X p.p.), France (+X p.p.), Spain (+X p.p.) and the UK (+X p.p.) significantly strengthened its position in terms of the global imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported mattresses into Cyprus, comprising X% of global imports. The second position in the ranking was occupied by Germany ($X), with a X% share of global imports. It was followed by France, with a X% share.

In the U.S., mattress imports increased at an average annual rate of +X% over the period from 2007-2018. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+X% per year) and France (+X% per year).

Import Prices by Country

The mattress import price in Cyprus stood at $X per unit in 2018, lowering by -X% against the previous year. In general, the mattress import price continues to indicate a mild contraction. The pace of growth appeared the most rapid in 2015 an increase of X% y-o-y. In that year, the import prices for mattresses reached their peak level of $X per unit. From 2016 to 2018, the growth in terms of the import prices for mattresses remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Japan ($X per unit), while Spain ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Switzerland, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform