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

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

The Ethiopian market for mattresses other than of cellular rubber or plastics skyrocketed to $X in 2022, rising by 34% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, continues to indicate a perceptible curtailment. Consumption of peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Exports of Mattresses other than of cellular rubber or plastics

Exports from Ethiopia

In 2022, shipments abroad of mattresses other than of cellular rubber or plastics decreased by -6.8% to X units, falling for the third consecutive year after two years of growth. Over the period under review, exports, however, posted a measured expansion. The pace of growth appeared the most rapid in 2019 when exports increased by 227%. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of mattresses other than of cellular rubber or plastics stood at $X in 2022. Overall, exports, however, recorded a notable increase. The pace of growth appeared the most rapid in 2018 when exports increased by 178%. Over the period under review, the exports of hit record highs at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Italy (X units), Germany (X units) and the United States (X units) were the main destinations of exports of mattresses other than of cellular rubber or plastics from Ethiopia, with a combined 56% 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 Germany (with a CAGR of +45.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for mattresses other than of cellular rubber or plastics exported from Ethiopia were Italy ($X), Germany ($X) and the United States ($X), with a combined 54% share of total exports.

Germany, with a CAGR of +45.3%, recorded the highest growth rate of the value of exports, in terms of 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

The average export price for mattresses other than of cellular rubber or plastics stood at $X per unit in 2022, rising by 7.3% against the previous year. In general, the export price, however, recorded a slight contraction. The most prominent rate of growth was recorded in 2018 when the average export price increased by 89%. As a result, the export price attained the peak level of $X per unit. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Kenya ($X per unit), while the average price for exports to Uganda ($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 (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Mattresses other than of cellular rubber or plastics

Imports into Ethiopia

In 2022, supplies from abroad of mattresses other than of cellular rubber or plastics increased by 44% to X units for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2016 when imports increased by 1,392%. Imports peaked at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, imports of mattresses other than of cellular rubber or plastics surged to $X in 2022. Over the period under review, imports, however, saw a perceptible downturn. The growth pace was the most rapid in 2016 when imports increased by 1,483%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of mattresses other than of cellular rubber or plastics to Ethiopia, with a 45% share of total imports. Moreover, imports of mattresses other than of cellular rubber or plastics from China exceeded the figures recorded by the second-largest supplier, Germany (X units), fourfold. Turkey (X units) ranked third in terms of total imports with a 9.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to -7.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+25.4% per year) and Turkey (+25.3% per year).

In value terms, China ($X) constituted the largest supplier of mattresses other than of cellular rubber or plastics to Ethiopia, comprising 43% of total imports. The second position in the ranking was taken by Germany ($X), with a 12% share of total imports. It was followed by Turkey, with a 9.7% share.

From 2012 to 2022, the average annual growth rate of value from China totaled -2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+27.8% per year) and Turkey (+31.0% per year).

Import Prices by Country

The average import price for mattresses other than of cellular rubber or plastics stood at $X per unit in 2022, declining by -11.5% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The growth pace was the most rapid in 2013 when the average import price increased by 24%. Over the period under review, average import prices reached the peak figure at $X per unit in 2021, and then reduced in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Germany ($X per unit) and the UK ($X per unit), while the price for the United Arab Emirates ($X per unit) and Italy ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform