Eastern Asia: Mattress Support Market 2024

Mattress Support Market Size in Eastern Asia

The East Asian mattress support market declined modestly to $X in 2021, remaining constant against the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. The level of consumption peaked at $X in 2017; afterwards, it flattened through to 2021.

Mattress Support Production in Eastern Asia

In value terms, mattress support production fell to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.6% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the production volume increased by 5.7% against the previous year. Over the period under review, production attained the peak level at $X in 2020, and then dropped in the following year.

Mattress Support Exports

Exports in Eastern Asia

In 2021, the amount of mattress supports exported in Eastern Asia expanded slightly to X units, growing by 2% compared with the year before. Over the period under review, exports recorded a strong expansion. The pace of growth was the most pronounced in 2016 with an increase of 65% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, mattress support exports rose sharply to $X in 2021. Overall, exports recorded a strong increase. The pace of growth was the most pronounced in 2018 when exports increased by 38% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in years to come.

Exports by Country

The biggest shipments were from China (X units), together accounting for 100% of total export.

China was also the fastest-growing in terms of the mattress supports exports, with a CAGR of +7.6% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest mattress support supplier in Eastern Asia.

From 2012 to 2021, the average annual rate of growth in terms of value in China totaled +10.2%.

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2021, growing by 4.2% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.4%. The growth pace was the most rapid in 2014 when the export price increased by 26%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for China amounted to +2.5% per year.

Mattress Support Imports

Imports in Eastern Asia

In 2021, purchases abroad of mattress supports increased by 48% to X units, rising for the fourth consecutive year after two years of decline. Over the period under review, imports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2015 when imports increased by 71% against the previous year. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, mattress support imports skyrocketed to $X in 2021. In general, imports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2015 when imports increased by 79% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to see steady growth in the near future.

Imports by Country

The countries with the highest levels of mattress support imports in 2021 were China (X units), South Korea (X units) and Taiwan (Chinese) (X units), together finishing at 83% of total import. It was distantly followed by Hong Kong SAR (X units), constituting a 9.7% share of total imports. The following importers - Macao SAR (X units), Democratic People's Republic of Korea (X units) and Japan (X units) - together made up 7.5% of total imports.

From 2012 to 2021, the biggest increases were recorded for South Korea (with a CAGR of +47.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported mattress supports in Eastern Asia, comprising 61% of total imports. The second position in the ranking was held by South Korea ($X), with an 18% share of total imports. It was followed by Hong Kong SAR, with a 7.7% share.

In China, mattress support imports expanded at an average annual rate of +24.6% over the period from 2012-2021. In the other countries, the average annual rates were as follows: South Korea (+44.5% per year) and Hong Kong SAR (+5.3% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per unit in 2021, picking up by 5.3% against the previous year. Import price indicated a perceptible expansion from 2012 to 2021: its price increased at an average annual rate of +2.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, mattress support import price decreased by -23.7% against 2017 indices. The most prominent rate of growth was recorded in 2014 when the import price increased by 40%. Over the period under review, import prices reached the peak figure at $X per unit in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was China ($X per unit), while Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Macao SAR (+13.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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