Iceland: Mattress Market 2020

Mattress Market Size in Iceland

The revenue of the mattress market in Iceland amounted to $X in 2018, reducing by -X% 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). In general, mattress consumption continues to indicate a temperate reduction. The growth pace was the most rapid in 2017 with an increase of X% y-o-y. Iceland mattress consumption peaked at $X in 2007; however, from 2008 to 2018, consumption remained at a lower figure.

Mattress Exports

Exports from Iceland

In 2018, the mattress exports from Iceland amounted to X units, picking up by X% against the previous year. Over the period under review, mattress exports, however, continue to indicate a drastic shrinkage. The growth pace was the most rapid in 2018 when exports increased by X% y-o-y. Iceland exports peaked at X units in 2009; however, from 2010 to 2018, exports remained at a lower figure.

In value terms, mattress exports amounted to $X in 2018. In general, mattress exports, however, continue to indicate a mild reduction. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, mattress exports attained their maximum at $X in 2009; however, from 2010 to 2018, exports remained at a lower figure.

Exports by Country

In 2018, China (X units) and Poland (X units) were the major exporters of mattressesacross the globe, together recording near X% of total exports. Belgium (X units), Italy (X units), the Netherlands (X units), Denmark (X units), Mexico (X units), Germany (X units), Vietnam (X units), Turkey (X units), Romania (X units) and Malaysia (X units) held a little share of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Romania, while the other leaders experienced more modest paces of growth.

In value terms, the largest mattress markets from Iceland were China ($X), Poland ($X) and Denmark ($X), together comprising X% of total exports. These countries were followed by Belgium, the Netherlands, Italy, Mexico, Germany, Romania, Vietnam, Turkey, Malaysia and Iceland, which together accounted for a further X terms of the main exporting countries, Romania recorded the highest growth rate of exports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the mattress export price in Iceland amounted to $X per unit, lowering by -X% against the previous year. Over the period under review, the export price indicated a resilient increase from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2009 when the export price increased by X% y-o-y. Iceland export price peaked at $X per unit in 2017, and then declined slightly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Denmark ($X per unit), while Poland ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Turkey, while the other leaders experienced more modest paces of growth.

Mattress Imports

Imports into Iceland

In 2018, approx. X units of mattresses were imported into Iceland; stabilizing at the previous year. In general, mattress imports continue to indicate a slight decrease. The pace of growth was the most pronounced in 2017 with an increase of X% year-to-year. Iceland imports peaked at X units in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

In value terms, mattress imports totaled $X in 2018. Overall, mattress imports continue to indicate a temperate slump. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, mattress imports reached their maximum at $X in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

Imports by Country

In 2018, the U.S. (X units), distantly followed by Germany (X units), France (X units), Canada (X units) and the Netherlands (X units) represented the key importers of mattresses, together creating X% of total imports. Spain (X units), the UK (X units), Australia (X units), Sweden (X units), Japan (X units), Denmark (X units) and Switzerland (X units) followed a long way behind the leaders.

The U.S. was also the fastest-growing in terms of the mattresses imports, with a CAGR of +X% from 2007 to 2018. At the same time, Canada (+X%), Germany (+X%), Spain (+X%), France (+X%), the UK (+X%), Japan (+X%), Denmark (+X%), Switzerland (+X%), Australia (+X%), Sweden (+X%) and the Netherlands (+X%) displayed positive paces of growth. The U.S. (+X p.p.), Germany (+X p.p.), Canada (+X p.p.), France (+X p.p.), Spain (+X p.p.) and the UK (+X p.p.) significantly strengthened its position in terms of the global imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported mattresses into Iceland, comprising X% of global imports. The second position in the ranking was occupied by Germany ($X), with a X% share of global imports. It was followed by France, with a X% share.

In the U.S., mattress imports expanded at an average annual rate of +X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Germany (+X% per year) and France (+X% per year).

Import Prices by Country

The mattress import price in Iceland stood at $X per unit in 2018, lowering by -X% against the previous year. Overall, the mattress import price continues to indicate a mild curtailment. The pace of growth was the most pronounced in 2015 an increase of X% y-o-y. In that year, the import prices for mattresses reached their peak level of $X per unit. From 2016 to 2018, the growth in terms of the import prices for mattresses remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Japan ($X per unit), while Spain ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Switzerland, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform