Eastern Europe: Mattress Market 2024

Mattress Market Size in Eastern Europe

In 2022, the East European mattress market increased by 23% to $X for the first time since 2019, thus ending a two-year declining trend. The total consumption indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2022 and is likely to see gradual growth in the near future.

Mattress Production in Eastern Europe

In value terms, mattress production surged to $X in 2022 estimated in export price. The total production indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Mattress Exports

Exports in Eastern Europe

Mattress exports rose markedly to X units in 2022, increasing by 7.3% compared with 2021. Overall, exports posted a buoyant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 51%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, mattress exports shrank to $X in 2022. Total exports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +6.6% 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 +15.4% against 2018 indices. The pace of growth appeared the most rapid in 2021 with an increase of 24%. As a result, the exports reached the peak of $X, and then reduced in the following year.

Exports by Country

In 2022, Poland (X units) was the largest exporter of mattresses, comprising 70% of total exports. It was distantly followed by Romania (X units) and Bulgaria (X units), together comprising a 19% share of total exports. The following exporters - the Czech Republic (X units), Estonia (X units) and Lithuania (X units) - each amounted to a 6.8% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to mattress exports from Poland stood at +9.6%. At the same time, Romania (+39.8%), Bulgaria (+31.9%), Estonia (+15.7%), the Czech Republic (+11.7%) and Lithuania (+3.6%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +39.8% from 2012-2022. While the share of Romania (+12 p.p.) and Bulgaria (+4.6 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Lithuania (-2.2 p.p.) and Poland (-11.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) remains the largest mattress supplier in Eastern Europe, comprising 64% of total exports. The second position in the ranking was held by Romania ($X), with a 17% share of total exports. It was followed by Bulgaria, with a 4.6% share.

From 2012 to 2022, the average annual growth rate of value in Poland amounted to +4.1%. The remaining exporting countries recorded the following average annual rates of exports growth: Romania (+35.9% per year) and Bulgaria (+22.6% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per unit in 2022, waning by -12% against the previous year. In general, the export price recorded a noticeable descent. The growth pace was the most rapid in 2017 an increase of 29%. The level of export peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Romania ($X per unit), while Bulgaria ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (-2.4%), while the other leaders experienced a decline in the export price figures.

Mattress Imports

Imports in Eastern Europe

In 2022, supplies from abroad of mattresses decreased by -39.2% to X units for the first time since 2015, thus ending a six-year rising trend. In general, imports, however, posted a remarkable increase. The growth pace was the most rapid in 2014 with an increase of 40%. The volume of import peaked at X units in 2021, and then dropped rapidly in the following year.

In value terms, mattress imports contracted to $X in 2022. Total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.7% 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 +66.2% against 2015 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 23% against the previous year. As a result, imports reached the peak of $X, and then reduced in the following year.

Imports by Country

In 2022, the Czech Republic (X units) and Poland (X units) were the main importers of mattresses in Eastern Europe, together mixing up 40% of total imports. Hungary (X units) took the next position in the ranking, followed by Russia (X units), Romania (X units), Slovakia (X units) and Bulgaria (X units). All these countries together took near 45% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Bulgaria (with a CAGR of +13.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest mattress importing markets in Eastern Europe were the Czech Republic ($X), Poland ($X) and Hungary ($X), together accounting for 56% of total imports. Romania, Slovakia, Bulgaria and Russia lagged somewhat behind, together accounting for a further 29%.

In terms of the main importing countries, Bulgaria, with a CAGR of +13.4%, recorded the highest rates of growth with regard to 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

In 2022, the import price in Eastern Europe amounted to $X per unit, surging by 51% against the previous year. Overall, the import price showed a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Czech Republic ($X per unit), while Russia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+0.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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