India: Market for Mattresses other than of cellular rubber or plastics 2024

Market Size for Mattresses other than of cellular rubber or plastics in India

In 2022, the Indian market for mattresses other than of cellular rubber or plastics was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption enjoyed a remarkable increase. Consumption of peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Mattresses other than of cellular rubber or plastics in India

In value terms, production of mattresses other than of cellular rubber or plastics declined slightly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +1.5% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by 42% against the previous year. Over the period under review, production of hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Mattresses other than of cellular rubber or plastics

Exports from India

In 2022, shipments abroad of mattresses other than of cellular rubber or plastics decreased by -5.8% to X units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports saw a pronounced curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 391%. Over the period under review, the exports of attained the maximum at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, exports of mattresses other than of cellular rubber or plastics contracted modestly to $X in 2022. In general, exports, however, saw a tangible expansion. The growth pace was the most rapid in 2021 when exports increased by 225% against the previous year. As a result, the exports reached the peak of $X, and then declined slightly in the following year.

Exports by Country

The United States (X units) was the main destination for exports of mattresses other than of cellular rubber or plastics from India, with a 73% share of total exports. Moreover, exports of mattresses other than of cellular rubber or plastics to the United States exceeded the volume sent to the second major destination, Nepal (X units), more than tenfold. The third position in this ranking was held by France (X units), with a 3.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at +13.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nepal (+14.7% per year) and France (-15.6% per year).

In value terms, the United States ($X) remains the key foreign market for mattresses other than of cellular rubber or plastics exports from India, comprising 51% of total exports. The second position in the ranking was taken by Nepal ($X), with a 7.5% share of total exports. It was followed by Bhutan, with a 4.6% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to +12.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nepal (+19.5% per year) and Bhutan (+84.6% per year).

Export Prices by Country

The average export price for mattresses other than of cellular rubber or plastics stood at $X per unit in 2022, increasing by 3.4% against the previous year. Overall, the export price showed resilient growth. The growth pace was the most rapid in 2018 an increase of 113%. Over the period under review, the average export prices reached the maximum at $X per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bhutan ($X per unit), while the average price for exports to Italy ($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 Netherlands (+9.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Mattresses other than of cellular rubber or plastics

Imports into India

In 2022, overseas purchases of mattresses other than of cellular rubber or plastics were finally on the rise to reach X units after two years of decline. Over the period under review, imports posted strong growth. The most prominent rate of growth was recorded in 2019 with an increase of 186% against the previous year. As a result, imports attained the peak of X units. From 2020 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of mattresses other than of cellular rubber or plastics skyrocketed to $X in 2022. Overall, imports saw a resilient increase. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest mattresses other than of cellular rubber or plastics supplier to India, accounting for a 71% share of total imports. Moreover, imports of mattresses other than of cellular rubber or plastics from China exceeded the figures recorded by the second-largest supplier, Germany (X units), sevenfold. The third position in this ranking was taken by the United States (X units), with a 7.9% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +14.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+38.3% per year) and the United States (+34.7% per year).

In value terms, the largest mattresses other than of cellular rubber or plastics suppliers to India were China ($X), the United States ($X) and Germany ($X), together accounting for 65% of total imports.

Germany, with a CAGR of +31.4%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for mattresses other than of cellular rubber or plastics stood at $X per unit in 2022, picking up by 42% against the previous year. In general, the import price, however, continues to indicate a abrupt slump. The growth pace was the most rapid in 2017 an increase of 44% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (-5.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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