Indonesia: Mattress Support Market 2024

Mattress Support Market Size in Indonesia

The Indonesian mattress support market dropped to $X in 2021, with a decrease of -6.4% against the previous year. In general, consumption continues to indicate a notable increase. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Mattress Support Production in Indonesia

In value terms, mattress support production dropped to $X in 2021 estimated in export price. Overall, production posted a measured increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by 44% against the previous year. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Mattress Support Exports

Exports from Indonesia

In 2021, overseas shipments of mattress supports decreased by -30.3% to X units for the first time since 2017, thus ending a three-year rising trend. In general, total exports indicated a perceptible increase from 2012 to 2021: its volume increased at an average annual rate of +3.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +15.5% against 2017 indices. The most prominent rate of growth was recorded in 2020 with an increase of 46% against the previous year. As a result, the exports reached the peak of X units, and then declined remarkably in the following year.

In value terms, mattress support exports reduced remarkably to $X in 2021. Over the period under review, exports, however, continue to indicate prominent growth. The growth pace was the most rapid in 2020 with an increase of 98% against the previous year. As a result, the exports attained the peak of $X, and then fell dramatically in the following year.

Exports by Country

Singapore (X units) was the main destination for mattress support exports from Indonesia, accounting for a 65% share of total exports. Moreover, mattress support exports to Singapore exceeded the volume sent to the second major destination, Timor-Leste (X units), fourfold. The third position in this ranking was held by Malaysia (X units), with a 9.1% share.

From 2012 to 2021, the average annual growth rate of volume to Singapore amounted to +37.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Timor-Leste (+0.4% per year) and Malaysia (-16.6% per year).

In value terms, Singapore ($X) remains the key foreign market for mattress supports exports from Indonesia, comprising 61% of total exports. The second position in the ranking was taken by the United States ($X), with a 10% share of total exports. It was followed by Timor-Leste, with a 7.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Singapore stood at +39.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+19.5% per year) and Timor-Leste (+9.9% per year).

Export Prices by Country

The average mattress support export price stood at $X per unit in 2021, growing by 16% against the previous year. Overall, the export price recorded prominent growth. The pace of growth appeared the most rapid in 2017 an increase of 39% against the previous year. Over the period under review, the average export prices reached the maximum in 2021 and is expected to retain growth in the near future.

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 the United States ($X per unit), while the average price for exports to Malaysia ($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 France (+11.9%), while the prices for the other major destinations experienced more modest paces of growth.

Mattress Support Imports

Imports into Indonesia

In 2021, approx. X units of mattress supports were imported into Indonesia; which is down by -8.4% on the previous year. Overall, imports, however, saw a significant increase. The most prominent rate of growth was recorded in 2018 with an increase of 190% against the previous year. Over the period under review, imports hit record highs at X units in 2020, and then reduced in the following year.

In value terms, mattress support imports declined to $X in 2021. In general, imports, however, saw strong growth. The pace of growth was the most pronounced in 2018 with an increase of 96%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest supplier of mattress support to Indonesia, with a 85% share of total imports. Moreover, mattress support imports from China exceeded the figures recorded by the second-largest supplier, Singapore (X units), sevenfold.

From 2012 to 2021, the average annual growth rate of volume from China totaled +28.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+26.4% per year) and Malaysia (-8.8% per year).

In value terms, China ($X) constituted the largest supplier of mattress supports to Indonesia, comprising 86% of total imports. The second position in the ranking was taken by Singapore ($X), with a 7.8% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China totaled +23.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+17.1% per year) and Malaysia (-14.6% per year).

Import Prices by Country

In 2021, the average mattress support import price amounted to $X per unit, approximately equating the previous year. Over the period under review, the import price recorded a deep reduction. The pace of growth appeared the most rapid in 2019 when the average import price increased by 142%. As a result, import price reached the peak level of $X per unit. From 2020 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-4.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :