Greece: Mattress Market 2024

Mattress Market Size in Greece

In 2022, after two years of growth, there was significant decline in the Greek mattress market, when its value decreased by -7.4% to $X. Over the period under review, the total consumption indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2021, and then dropped in the following year.

Mattress Production in Greece

In value terms, mattress production expanded markedly to $X in 2022 estimated in export price. Overall, the total production indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +35.0% against 2020 indices. The growth pace was the most rapid in 2018 when the production volume increased by 29% against the previous year. Over the period under review, production attained the peak level in 2022 and is likely to see steady growth in the immediate term.

Mattress Exports

Exports from Greece

In 2022, after three years of growth, there was decline in overseas shipments of mattresses, when their volume decreased by -4.5% to X units. In general, exports, however, enjoyed a resilient increase. The growth pace was the most rapid in 2016 with an increase of 85%. Over the period under review, the exports reached the maximum at X units in 2021, and then reduced in the following year.

In value terms, mattress exports plummeted to $X in 2022. Over the period under review, exports, however, showed a buoyant expansion. The pace of growth appeared the most rapid in 2016 when exports increased by 57%. The exports peaked at $X in 2021, and then declined significantly in the following year.

Exports by Country

Cyprus (X units), Germany (X units) and the Netherlands (X units) were the main destinations of mattress exports from Greece, with a combined 44% share of total exports. Morocco, China, Spain, France, the United States, Italy, Japan, Bulgaria, Poland and Albania lagged somewhat behind, together accounting for a further 39%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Japan (with a CAGR of +471.1%), while the other leaders experienced more modest paces of growth.

In value terms, Cyprus ($X), Germany ($X) and the Netherlands ($X) constituted the largest markets for mattress exported from Greece worldwide, together comprising 44% of total exports. Morocco, China, Spain, France, the United States, Italy, Japan, Bulgaria, Poland and Albania lagged somewhat behind, together accounting for a further 39%.

Japan, with a CAGR of +419.4%, 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, falling by -12% against the previous year. In general, the export price recorded a pronounced descent. The most prominent rate of growth was recorded in 2018 an increase of 49% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2019 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Bulgaria ($X per unit) and Italy ($X per unit), while the average price for exports to Poland ($X per unit) and Germany ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bulgaria (-2.4%), while the prices for the other major destinations experienced a decline.

Mattress Imports

Imports into Greece

In 2022, overseas purchases of mattresses decreased by -32.6% to X units, falling for the second year in a row after five years of growth. Overall, imports, however, continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 50% against the previous year. Over the period under review, imports reached the peak figure at X units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, mattress imports dropped to $X in 2022. Over the period under review, imports, however, enjoyed a strong increase. The pace of growth was the most pronounced in 2018 when imports increased by 33% against the previous year. Imports peaked at $X in 2021, and then fell in the following year.

Imports by Country

Turkey (X units), China (X units) and Romania (X units) were the main suppliers of mattress imports to Greece, together comprising 65% of total imports. Bulgaria, France, Poland, Denmark and Italy lagged somewhat behind, together accounting for a further 30%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +33.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), China ($X) and Romania ($X) appeared to be the largest mattress suppliers to Greece, with a combined 64% share of total imports. Bulgaria, France, Poland, Denmark and Italy lagged somewhat behind, together accounting for a further 30%.

France, with a CAGR of +33.5%, 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, with an increase of 32% against the previous year. In general, 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.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Denmark ($X per unit) and Poland ($X per unit), while the price for Turkey ($X per unit) and China ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+0.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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