Denmark: Mattress Market 2024

Mattress Market Size in Denmark

The Danish mattress market skyrocketed to $X in 2022, with an increase of 38% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in the immediate term.

Mattress Production in Denmark

In value terms, mattress production stood at $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 14%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Mattress Exports

Exports from Denmark

In 2022, overseas shipments of mattresses increased by 7.4% to X units, rising for the fourth consecutive year after two years of decline. The total export volume increased at an average annual rate of +1.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 with an increase of 33%. As a result, the exports reached the peak of X units. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, mattress exports contracted slightly to $X in 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 when exports increased by 18% against the previous year. The exports peaked at $X in 2021, and then dropped in the following year.

Exports by Country

Germany (X units), Norway (X units) and South Korea (X units) were the main destinations of mattress exports from Denmark, with a combined 42% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Korea (with a CAGR of +21.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for mattress exported from Denmark were Germany ($X), South Korea ($X) and the UK ($X), with a combined 41% share of total exports.

Among the main countries of destination, South Korea, with a CAGR of +23.0%, 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

The average mattress export price stood at $X per unit in 2022, with a decrease of -11.4% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 59% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per unit), while the average price for exports to Switzerland ($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 South Korea (+0.9%), while the prices for the other major destinations experienced more modest paces of growth.

Mattress Imports

Imports into Denmark

In 2022, purchases abroad of mattresses decreased by -59.7% to X units for the first time since 2017, thus ending a four-year rising trend. In general, imports, however, saw a tangible expansion. The most prominent rate of growth was recorded in 2014 with an increase of 60% against the previous year. Over the period under review, imports attained the peak figure at X units in 2021, and then shrank dramatically in the following year.

In value terms, mattress imports declined dramatically to $X in 2022. Over the period under review, total imports indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of 19% against the previous year. Imports peaked at $X in 2021, and then plummeted in the following year.

Imports by Country

Poland (X units), Sweden (X units) and China (X units) were the main suppliers of mattress imports to Denmark, together accounting for 58% of total imports. Norway, Romania, Lithuania, France, Belgium, Germany, the Netherlands and Estonia lagged somewhat behind, together accounting for a further 35%.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of +46.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest mattress suppliers to Denmark were Poland ($X), Sweden ($X) and China ($X), with a combined 59% share of total imports. Norway, Romania, Lithuania, France, Belgium, Germany, the Netherlands and Estonia lagged somewhat behind, together comprising a further 35%.

In terms of the main suppliers, Romania, with a CAGR of +47.0%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average mattress import price stood at $X per unit in 2022, with an increase of 80% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from France ($X per unit) and Belgium ($X per unit), while the price for Lithuania ($X per unit) and the Netherlands ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Estonia (+0.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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