Ghana: Mattress Support Market 2024

Mattress Support Market Size in Ghana

The Ghanian mattress support market reached $X in 2021, approximately equating 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 saw resilient growth. Mattress support consumption peaked in 2021 and is likely to continue growth in the near future.

Mattress Support Exports

Exports from Ghana

In 2021, overseas shipments of mattress supports decreased by -49.6% to X units, falling for the third consecutive year after three years of growth. Overall, exports continue to indicate a deep contraction. The pace of growth was the most pronounced in 2017 when exports increased by 7,874% against the previous year. The exports peaked at X units in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, mattress support exports contracted sharply to $X in 2021. In general, exports saw a precipitous curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 8,820%. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Togo (X units) was the main destination for mattress support exports from Ghana, with a 91% share of total exports. Moreover, mattress support exports to Togo exceeded the volume sent to the second major destination, Burkina Faso (X units), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Togo stood at -13.4%.

In value terms, Togo ($X) remains the key foreign market for mattress supports exports from Ghana, comprising 98% of total exports. The second position in the ranking was taken by Burkina Faso ($X), with a 0.9% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Togo stood at -14.8%.

Export Prices by Country

In 2021, the average mattress support export price amounted to $X per unit, shrinking by -36.9% against the previous year. Over the period under review, the export price saw a noticeable decline. The most prominent rate of growth was recorded in 2013 when the average export price increased by 21% against the previous year. The export price peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Togo ($X per unit), while the average price for exports to Burkina Faso totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Togo (-1.6%).

Mattress Support Imports

Imports into Ghana

In 2021, approx. X units of mattress supports were imported into Ghana; with an increase of 21% on the year before. Overall, imports recorded a moderate expansion. The most prominent rate of growth was recorded in 2015 when imports increased by 161% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to see gradual growth in the near future.

In value terms, mattress support imports reduced to $X in 2021. Over the period under review, imports enjoyed a strong increase. The most prominent rate of growth was recorded in 2015 with an increase of 183%. Imports peaked at $X in 2020, and then fell in the following year.

Imports by Country

In 2021, Israel (X units) constituted the largest supplier of mattress support to Ghana, accounting for a 48% share of total imports. Moreover, mattress support imports from Israel exceeded the figures recorded by the second-largest supplier, Portugal (X units), threefold. Germany (X units) ranked third in terms of total imports with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from Israel amounted to +63.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (+11.6% per year) and Germany (+17.4% per year).

In value terms, Israel ($X) constituted the largest supplier of mattress supports to Ghana, comprising 74% of total imports. The second position in the ranking was taken by Portugal ($X), with a 7.2% share of total imports. It was followed by Germany, with a 4.5% share.

From 2012 to 2021, the average annual growth rate of value from Israel totaled +80.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (+3.3% per year) and Germany (+8.2% per year).

Import Prices by Country

The average mattress support import price stood at $X per unit in 2021, shrinking by -22.2% against the previous year. Over the period under review, import price indicated a slight increase from 2012 to 2021: its price increased at an average annual rate of +1.8% 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 increased by +10.4% against 2019 indices. The pace of growth appeared the most rapid in 2014 an increase of 43%. Over the period under review, average import prices hit record highs at $X per unit in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was South Africa ($X per unit), while the price for Saudi Arabia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (+17.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :