Report Update Nov 1, 2024

Hong Kong SAR, China - Mattress Supports - Market Analysis, Forecast, Size, Trends and Insights

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Hong Kong SAR, China: Mattress Support Market 2024

Mattress Support Market Size in Hong Kong SAR, China

The Hong Kong mattress support market rose sharply to $X in 2021, surging by 13% against the previous year. Over the period under review, consumption, however, recorded a slight slump. Mattress support consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Mattress Support Production in Hong Kong SAR, China

In value terms, mattress support production reached $X in 2021 estimated in export price. Overall, production, however, showed a perceptible setback. The growth pace was the most rapid in 2014 when the production volume increased by 9.2%. Mattress support production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Mattress Support Exports

Exports from Hong Kong SAR, China

In 2021, overseas shipments of mattress supports decreased by -33.4% to X units, falling for the second year in a row after two years of growth. Over the period under review, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2015 with an increase of 429%. The exports peaked at X units in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, mattress support exports fell to $X in 2021. Overall, exports, however, saw a prominent increase. The most prominent rate of growth was recorded in 2015 with an increase of 352%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X units), Macao SAR (X units) and China (X units) were the main destinations of mattress support exports from Hong Kong SAR, together accounting for 97% of total exports.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +60.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for mattress support exported from Hong Kong SAR were the United States ($X), Macao SAR ($X) and China ($X), together accounting for 97% of total exports.

In terms of the main countries of destination, the United States, with a CAGR of +74.8%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average mattress support export price amounted to $X per unit, surging by 31% against the previous year. In general, the export price, however, showed a perceptible curtailment. The most prominent rate of growth was recorded in 2018 when the average export price increased by 45%. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+8.9%), while the prices for the other major destinations experienced a decline.

Mattress Support Imports

Imports into Hong Kong SAR, China

In 2021, the amount of mattress supports imported into Hong Kong SAR soared to X units, jumping by 21% compared with 2020. Overall, total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +6.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +77.7% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 47% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in the immediate term.

In value terms, mattress support imports skyrocketed to $X in 2021. In general, imports continue to indicate strong growth. The pace of growth appeared the most rapid in 2020 with an increase of 49%. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, China (X units) was the main supplier of mattress support to Hong Kong SAR, accounting for a 98% share of total imports. It was followed by Malaysia (X units), with a 1% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +7.2%.

In value terms, China ($X) constituted the largest supplier of mattress supports to Hong Kong SAR, comprising 95% of total imports. The second position in the ranking was held by Malaysia ($X), with a 1.4% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +7.3%.

Import Prices by Country

In 2021, the average mattress support import price amounted to $X per unit, rising by 12% against the previous year. Over the period under review, the import price, however, showed a slight contraction. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Malaysia ($X per unit), while the price for China totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+0.1%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for mattress supports in the world?

The countries with the highest volumes of mattress support consumption in 2021 were China, the United States and India, together comprising 39% of global consumption.

What are the largest producers of mattress supports in the world?

The country with the largest volume of mattress support production was China, accounting for 23% of total volume. Moreover, mattress support production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. India ranked third in terms of total production with an 8.2% share.

What are the leading suppliers of mattress supports to Hong Kong SAR, China?

In value terms, China constituted the largest supplier of mattress support to Hong Kong SAR.

What are the leading importers of mattress supports from Hong Kong SAR, China?

In value terms, the largest markets for mattress support exported from Hong Kong SAR were Tanzania, Samoa and the UK, with a combined 72% share of total exports.

What is the average export price for mattress supports in Hong Kong SAR, China?

In 2021, the average mattress support export price amounted to $0.9 per unit, with a decrease of -64.8% against the previous year.

What is the average import price for mattress supports in Hong Kong SAR, China?

The average mattress support import price stood at $3.6 per unit in 2021, rising by 12% against the previous year.

This report provides an in-depth analysis of the mattress support market in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 31031100 - Mattress supports (including wooden or metal frames fitted with springs or steel wire mesh, upholstered mattress bases, w ith wooden slats, divans)

Country coverage:

Hong Kong SAR

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Hong Kong SAR, China
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023