Hungary: Mattress Support Market 2024

Mattress Support Market Size in Hungary

The Hungarian mattress support market expanded significantly to $X in 2021, increasing by 12% against the previous year. In general, the total consumption indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +4.3% against 2018 indices. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in the near future.

Mattress Support Production in Hungary

In value terms, mattress support production soared to $X in 2021 estimated in export price. Overall, production, however, recorded a buoyant expansion. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Mattress Support Exports

Exports from Hungary

In 2021, overseas shipments of mattress supports increased by 7.1% to X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports, however, continue to indicate a mild contraction. The pace of growth appeared the most rapid in 2016 when exports increased by 31%. Over the period under review, the exports attained the peak figure at X units in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, mattress support exports reached $X in 2021. In general, exports, however, continue to indicate a perceptible decrease. The pace of growth appeared the most rapid in 2018 when exports increased by 20% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units), Austria (X units) and Switzerland (X units) were the main destinations of mattress support exports from Hungary, together accounting for 88% of total exports. These countries were followed by the Netherlands and Denmark, which together accounted for a further 5.3%.

From 2012 to 2021, the biggest increases were recorded for Denmark (with a CAGR of +87.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for mattress support exported from Hungary were Germany ($X), Austria ($X) and Switzerland ($X), together accounting for 91% of total exports. These countries were followed by the Netherlands and Denmark, which together accounted for a further 2.6%.

Denmark, with a CAGR of +48.1%, saw 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

The average mattress support export price stood at $X per unit in 2021, increasing by 1.6% against the previous year. In general, the export price, however, showed a slight shrinkage. The most prominent rate of growth was recorded in 2013 when the average export price increased by 28% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2014 to 2021, the average export prices remained at a somewhat 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 Switzerland ($X per unit), while the average price for exports to Denmark ($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 Austria (-1.8%), while the prices for the other major destinations experienced a decline.

Mattress Support Imports

Imports into Hungary

In 2021, supplies from abroad of mattress supports decreased by -0.5% to X units, falling for the second consecutive year after six years of growth. In general, imports, however, saw strong growth. The most prominent rate of growth was recorded in 2014 with an increase of 22% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, mattress support imports totaled $X in 2021. Over the period under review, imports, however, recorded prominent growth. The growth pace was the most rapid in 2014 when imports increased by 41%. Imports peaked in 2021 and are likely to continue growth in years to come.

Imports by Country

In 2021, Poland (X units) constituted the largest supplier of mattress support to Hungary, with a 78% share of total imports. Moreover, mattress support imports from Poland exceeded the figures recorded by the second-largest supplier, Germany (X units), eightfold. The Czech Republic (X units) ranked third in terms of total imports with a 7.2% share.

From 2012 to 2021, the average annual growth rate of volume from Poland stood at +7.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+13.1% per year) and the Czech Republic (+75.4% per year).

In value terms, Poland ($X) constituted the largest supplier of mattress supports to Hungary, comprising 66% of total imports. The second position in the ranking was taken by Germany ($X), with a 14% share of total imports. It was followed by the Czech Republic, with an 8.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Poland stood at +9.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+13.6% per year) and the Czech Republic (+67.3% per year).

Import Prices by Country

In 2021, the average mattress support import price amounted to $X per unit, surging by 11% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.4%. The most prominent rate of growth was recorded in 2014 when the average import price increased by 16% against the previous year. The import price peaked at $X per unit in 2015; however, from 2016 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 Slovakia ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovakia (+15.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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