India: Mattress Support Market 2024

Mattress Support Market Size in India

The Indian mattress support market expanded modestly to $X in 2021, rising by 3.1% against the previous year. Overall, the total consumption indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +4.9% 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 decreased by -3.5% against 2019 indices. Mattress support consumption peaked at $X in 2019; afterwards, it flattened through to 2021.

Mattress Support Production in India

In value terms, mattress support production stood at $X in 2021 estimated in export price. Over the period under review, the total production indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -4.0% against 2019 indices. The growth pace was the most rapid in 2015 when the production volume increased by 17% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Mattress Support Exports

Exports from India

In 2021, overseas shipments of mattress supports were finally on the rise to reach X units after eight years of decline. In general, exports, however, recorded a sharp descent. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, mattress support exports surged to $X in 2021. Overall, exports, however, continue to indicate a abrupt shrinkage. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for mattress support exports from India, with a 35% share of total exports. Moreover, mattress support exports to the United States exceeded the volume sent to the second major destination, Germany (X units), twofold. The third position in this ranking was held by the Netherlands (X units), with a 7.8% share.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled -23.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-22.6% per year) and the Netherlands (-27.8% per year).

In value terms, the United States ($X) remains the key foreign market for mattress supports exports from India, comprising 56% of total exports. The second position in the ranking was taken by Germany ($X), with an 8.8% share of total exports. It was followed by the UK, with a 4.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled -11.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-18.7% per year) and the UK (-23.1% per year).

Export Prices by Country

The average mattress support export price stood at $X per unit in 2021, picking up by 22% against the previous year. Over the period under review, export price indicated buoyant growth from 2012 to 2021: its price increased at an average annual rate of +9.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the average export price increased by 36%. The export price peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Belgium ($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 (+14.9%), while the prices for the other major destinations experienced more modest paces of growth.

Mattress Support Imports

Imports into India

In 2021, imports of mattress supports into India soared to X units, jumping by 24% against 2020 figures. In general, imports continue to indicate a modest expansion. The most prominent rate of growth was recorded in 2019 when imports increased by 151%. As a result, imports attained the peak of X units. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, mattress support imports skyrocketed to $X in 2021. Over the period under review, imports, however, saw a pronounced contraction. The most prominent rate of growth was recorded in 2019 with an increase of 81% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

China (X units), the United Arab Emirates (X units) and Sri Lanka (X units) were the main suppliers of mattress support imports to India, with a combined 81% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Sri Lanka (with a CAGR of +37.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest mattress support suppliers to India were China ($X), the United Arab Emirates ($X) and Thailand ($X), together accounting for 76% of total imports. Sri Lanka, Vietnam and Myanmar lagged somewhat behind, together comprising a further 15%.

Among the main suppliers, Myanmar, with a CAGR of +749.8%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average mattress support import price stood at $X per unit in 2021, growing by 25% against the previous year. In general, the import price, however, saw a pronounced reduction. The pace of growth was the most pronounced in 2016 when the average import price increased by 77%. As a result, import price reached the peak level of $X per unit. From 2017 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($X per unit), while the price for the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Myanmar (+8.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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