Estonia: Mattress Market 2024

Mattress Market Size in Estonia

The Estonian mattress market surged to $X in 2022, picking up by 29% against the previous year. In general, consumption, however, continues to indicate a prominent increase. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Mattress Production in Estonia

In value terms, mattress production declined modestly to $X in 2022 estimated in export price. Over the period under review, production showed buoyant growth. The growth pace was the most rapid in 2017 when the production volume increased by 80% against the previous year. Over the period under review, production hit record highs at $X in 2021, and then reduced modestly in the following year.

Mattress Exports

Exports from Estonia

For the fifth year in a row, Estonia recorded growth in overseas shipments of mattresses, which increased by 22% to X units in 2022. In general, exports recorded a buoyant increase. The pace of growth was the most pronounced in 2020 with an increase of 35% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, mattress exports contracted to $X in 2022. Over the period under review, exports enjoyed buoyant growth. The growth pace was the most rapid in 2013 when exports increased by 38% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2021, and then contracted in the following year.

Exports by Country

Sweden (X units), Finland (X units) and Switzerland (X units) were the main destinations of mattress exports from Estonia, with a combined 79% 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 Sweden (with a CAGR of +48.1%), while the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Finland ($X) and Switzerland ($X) appeared to be the largest markets for mattress exported from Estonia worldwide, together comprising 77% of total exports.

Sweden, with a CAGR of +41.4%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average mattress export price amounted to $X per unit, dropping by -26% against the previous year. Over the period under review, the export price recorded a perceptible decline. The pace of growth was the most pronounced in 2017 when the average export price increased by 46% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Denmark ($X per unit), while the average price for exports to Switzerland ($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 Denmark (-1.3%), while the prices for the other major destinations experienced a decline.

Mattress Imports

Imports into Estonia

After two years of growth, overseas purchases of mattresses decreased by -54.2% to X units in 2022. In general, imports, however, showed a notable increase. The growth pace was the most rapid in 2021 with an increase of 47%. As a result, imports reached the peak of X units, and then reduced dramatically in the following year.

In value terms, mattress imports reduced dramatically to $X in 2022. Overall, imports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of 30% against the previous year. As a result, imports reached the peak of $X, and then fell notably in the following year.

Imports by Country

China (X units), Poland (X units) and Denmark (X units) were the main suppliers of mattress imports to Estonia, together accounting for 64% of total imports. Belarus, Lithuania, Latvia, Hong Kong SAR, Italy, Romania, Russia, Belgium and Turkey lagged somewhat behind, together comprising a further 26%.

From 2012 to 2022, the biggest increases were recorded for Hong Kong SAR (with a CAGR of +122.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest mattress suppliers to Estonia were China ($X), Poland ($X) and Denmark ($X), with a combined 64% share of total imports. Belarus, Lithuania, Latvia, Hong Kong SAR, Italy, Romania, Russia, Belgium and Turkey lagged somewhat behind, together comprising a further 26%.

Hong Kong SAR, with a CAGR of +117.5%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average mattress import price amounted to $X per unit, surging by 50% against the previous year. Overall, the import price recorded a relatively flat trend pattern. As a result, import price reached 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 Denmark ($X per unit) and Italy ($X per unit), while the price for Hong Kong SAR ($X per unit) and Turkey ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform