India: Market for Mattresses of cellular rubber or plastics 2024

Market Size for Mattresses of cellular rubber or plastics in India

The Indian market for mattresses of cellular rubber or plastics soared to $X in 2022, increasing by 16% against the previous year. In general, consumption recorded a significant expansion. Consumption of peaked at $X in 2019; afterwards, it flattened through to 2022.

Production of Mattresses of cellular rubber or plastics in India

In value terms, production of mattresses of cellular rubber or plastics amounted to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by 80,157,500% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production of growth failed to regain momentum.

Exports of Mattresses of cellular rubber or plastics

Exports from India

Exports of mattresses of cellular rubber or plastics from India declined dramatically to X units in 2022, reducing by -44.1% against 2021 figures. Over the period under review, exports, however, posted temperate growth. The pace of growth was the most pronounced in 2021 with an increase of 889% against the previous year. As a result, the exports attained the peak of X units, and then declined notably in the following year.

In value terms, exports of mattresses of cellular rubber or plastics shrank remarkably to $X in 2022. In general, exports, however, continue to indicate strong growth. The pace of growth appeared the most rapid in 2021 with an increase of 942%. As a result, the exports attained the peak of $X, and then reduced remarkably in the following year.

Exports by Country

The United Arab Emirates (X units), Spain (X units) and Bhutan (X units) were the main destinations of exports of mattresses of cellular rubber or plastics from India, with a combined 54% share of total exports. Saudi Arabia, the United States, Maldives, Qatar, South Korea, Nepal, the UK and Germany lagged somewhat behind, together accounting for a further 34%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Qatar (with a CAGR of +329.5%), while the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for mattresses of cellular rubber or plastics exports from India, comprising 33% of total exports. The second position in the ranking was held by the United States ($X), with a 13% share of total exports. It was followed by Bhutan, with a 12% share.

From 2012 to 2022, the average annual growth rate of value to the United Arab Emirates amounted to +26.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+14.8% per year) and Bhutan (+67.2% per year).

Export Prices by Country

In 2022, the average export price for mattresses of cellular rubber or plastics amounted to $X per unit, waning by -9.3% against the previous year. Overall, the export price, however, posted a resilient increase. The growth pace was the most rapid in 2016 an increase of 72% against the previous year. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Spain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+28.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Mattresses of cellular rubber or plastics

Imports into India

In 2022, the amount of mattresses of cellular rubber or plastics imported into India skyrocketed to X units, rising by 78% on 2021. Over the period under review, imports posted a strong increase. The most prominent rate of growth was recorded in 2018 with an increase of 129% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of mattresses of cellular rubber or plastics surged to $X in 2022. In general, imports saw a resilient expansion. The pace of growth was the most pronounced in 2021 when imports increased by 58% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest mattresses of cellular rubber or plastics supplier to India, with a 66% share of total imports. Moreover, imports of mattresses of cellular rubber or plastics from China exceeded the figures recorded by the second-largest supplier, Thailand (X units), fivefold. Sri Lanka (X units) ranked third in terms of total imports with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +11.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+60.3% per year) and Sri Lanka (+24.2% per year).

In value terms, Sri Lanka ($X), Thailand ($X) and China ($X) constituted the largest mattresses of cellular rubber or plastics suppliers to India, with a combined 80% share of total imports. Italy and Vietnam lagged somewhat behind, together comprising a further 10%.

Among the main suppliers, Vietnam, with a CAGR of +90.6%, recorded the highest growth rate of 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

In 2022, the average import price for mattresses of cellular rubber or plastics amounted to $X per unit, which is down by -22.5% against the previous year. Overall, the import price saw a noticeable downturn. The pace of growth appeared the most rapid in 2014 an increase of 65% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (-1.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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