Indonesia: Mattress Market 2024

Mattress Market Size in Indonesia

The Indonesian mattress market shrank to $X in 2022, with a decrease of -7.5% against the previous year. In general, the total consumption indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -25.4% against 2018 indices. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Mattress Production in Indonesia

In value terms, mattress production declined modestly to $X in 2022 estimated in export price. In general, production, however, saw a temperate expansion. The pace of growth was the most pronounced in 2017 with an increase of 61% against the previous year. Mattress production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Mattress Exports

Exports from Indonesia

Mattress exports from Indonesia surged to X units in 2022, with an increase of 41% on the year before. Over the period under review, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of 1,032%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, mattress exports surged to $X in 2022. Overall, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2019 with an increase of 815% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

The United States (X units) was the main destination for mattress exports from Indonesia, with a 97% share of total exports. It was followed by Singapore (X units), with a 0.7% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at +65.4%.

In value terms, the United States ($X) remains the key foreign market for mattresses exports from Indonesia, comprising 96% of total exports. The second position in the ranking was held by Singapore ($X), with a 1.2% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +71.4%.

Export Prices by Country

The average mattress export price stood at $X per unit in 2022, picking up by 8.1% against the previous year. In general, export price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, mattress export price increased by +45.7% against 2020 indices. The pace of growth appeared the most rapid in 2017 an increase of 62%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per unit), while the average price for exports to the United States totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+9.6%).

Mattress Imports

Imports into Indonesia

In 2022, supplies from abroad of mattresses decreased by -14.3% to X units, falling for the third year in a row after three years of growth. In general, imports, however, enjoyed a resilient expansion. The growth pace was the most rapid in 2019 when imports increased by 260%. As a result, imports reached the peak of X units. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, mattress imports shrank to $X in 2022. Over the period under review, imports, however, recorded a strong increase. The growth pace was the most rapid in 2019 with an increase of 250% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of mattress to Indonesia, with a 78% share of total imports. Moreover, mattress imports from China exceeded the figures recorded by the second-largest supplier, Singapore (X units), tenfold. The third position in this ranking was taken by Malaysia (X units), with a 5.8% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +12.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+10.9% per year) and Malaysia (+7.3% per year).

In value terms, China ($X) constituted the largest supplier of mattresses to Indonesia, comprising 77% of total imports. The second position in the ranking was taken by Singapore ($X), with an 8.8% share of total imports. It was followed by Malaysia, with a 5.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +12.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+13.4% per year) and Malaysia (+8.3% per year).

Import Prices by Country

In 2022, the average mattress import price amounted to $X per unit, picking up by 10% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average import price increased by 34%. The import price peaked in 2022 and is likely to see gradual growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Thailand ($X per unit) and Singapore ($X per unit), while the price for Italy ($X per unit) and Denmark ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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