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

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

For the third year in a row, the East Asian market for mattresses other than of cellular rubber or plastics recorded decline in sales value, which decreased by -22.4% to $X in 2022. In general, consumption saw a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Production of Mattresses other than of cellular rubber or plastics in Eastern Asia

In value terms, production of mattresses other than of cellular rubber or plastics dropped slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.1% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 50% against the previous year. 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 in Eastern Asia

In 2022, overseas shipments of mattresses other than of cellular rubber or plastics increased by 37% to X units, rising for the second consecutive year after two years of decline. Total exports indicated a moderate expansion 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 +69.2% against 2020 indices. As a result, the exports attained 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 reduced modestly to $X in 2022. Overall, exports, however, continue to indicate a mild decline. The pace of growth appeared the most rapid in 2013 with an increase of 15%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

China (X units) represented roughly 99% of total exports in 2022.

China was also the fastest-growing in terms of the mattresses other than of cellular rubber or plastics exports, with a CAGR of +3.6% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest mattresses other than of cellular rubber or plastics supplier in Eastern Asia.

In China, exports of mattresses other than of cellular rubber or plastics plunged by an average annual rate of -2.0% over the period from 2012-2022.

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2022, with a decrease of -30% against the previous year. In general, the export price continues to indicate a noticeable curtailment. The pace of growth appeared the most rapid in 2013 when the export price increased by 26%. Over the period under review, the export prices reached the maximum at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for China amounted to -5.4% per year.

Imports of Mattresses other than of cellular rubber or plastics

Imports in Eastern Asia

In 2022, overseas purchases of mattresses other than of cellular rubber or plastics decreased by -3.9% to X units, falling for the third year in a row after three years of growth. Total imports indicated a temperate increase from 2012 to 2022: its volume increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -15.0% against 2019 indices. The pace of growth appeared the most rapid in 2014 with an increase of 47% against the previous year. Over the period under review, imports of reached the peak figure at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of mattresses other than of cellular rubber or plastics dropped modestly to $X in 2022. Total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +69.5% against 2013 indices. The pace of growth appeared the most rapid in 2017 when imports increased by 15% against the previous year. The level of import peaked at $X in 2021, and then declined in the following year.

Imports by Country

In 2022, Japan (X units) represented the major importer of mattresses other than of cellular rubber or plastics, committing 59% of total imports. Taiwan (Chinese) (X units) held a 14% share (based on physical terms) of total imports, which put it in second place, followed by South Korea (13%) and Hong Kong SAR (11%). China (X units) followed a long way behind the leaders.

Japan was also the fastest-growing in terms of the mattresses other than of cellular rubber or plastics imports, with a CAGR of +6.7% from 2012 to 2022. At the same time, Taiwan (Chinese) (+6.2%) displayed positive paces of growth. Hong Kong SAR, China and South Korea experienced a relatively flat trend pattern. While the share of Japan (+12 p.p.) and Taiwan (Chinese) (+2.4 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Hong Kong SAR (-4.2 p.p.) and South Korea (-7.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported mattresses other than of cellular rubber or plastics in Eastern Asia, comprising 62% of total imports. The second position in the ranking was taken by South Korea ($X), with a 14% share of total imports. It was followed by Hong Kong SAR, with a 12% share.

In Japan, imports of mattresses other than of cellular rubber or plastics expanded at an average annual rate of +7.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: South Korea (+1.4% per year) and Hong Kong SAR (+2.5% per year).

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per unit, with an increase of 3% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the import price increased by 25% against the previous year. Over the period under review, import prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Hong Kong SAR ($X per unit), while Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+10.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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