Iran: Mattress Support Market 2024

Mattress Support Market Size in Iran

The Iranian mattress support market surged to $X in 2021, growing by 98% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, faced a dramatic shrinkage. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Mattress Support Exports

Exports from Iran

In 2021, overseas shipments of mattress supports increased by 72% to X units, rising for the fourth year in a row after two years of decline. In general, exports showed significant growth. The growth pace was the most rapid in 2020 with an increase of 209%. The exports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, mattress support exports skyrocketed to $X in 2021. Over the period under review, exports showed significant growth. The most prominent rate of growth was recorded in 2018 when exports increased by 184% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in years to come.

Exports by Country

Iraq (X units) was the main destination for mattress support exports from Iran, accounting for a 55% share of total exports. Moreover, mattress support exports to Iraq exceeded the volume sent to the second major destination, the United Arab Emirates (X units), twofold. Oman (X units) ranked third in terms of total exports with a 9.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Iraq totaled +34.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+52.1% per year) and Oman (0.0% per year).

In value terms, Iraq ($X) remains the key foreign market for mattress supports exports from Iran, comprising 60% of total exports. The second position in the ranking was taken by Oman ($X), with a 17% share of total exports. It was followed by the United Arab Emirates, with an 11% share.

From 2012 to 2021, the average annual growth rate of value to Iraq amounted to +44.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (0.0% per year) and the United Arab Emirates (+56.8% per year).

Export Prices by Country

In 2021, the average mattress support export price amounted to $X per unit, with a decrease of -5.6% against the previous year. Over the period under review, the export price, however, saw a prominent expansion. The pace of growth appeared the most rapid in 2017 when the average export price increased by 81%. The export price peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Georgia ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Georgia (+44.2%), while the prices for the other major destinations experienced more modest paces of growth.

Mattress Support Imports

Imports into Iran

In 2021, approx. X units of mattress supports were imported into Iran; rising by 90% compared with 2020 figures. Overall, imports, however, faced a abrupt decrease. The most prominent rate of growth was recorded in 2020 with an increase of 917%. Over the period under review, imports hit record highs at X units in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, mattress support imports soared to $X in 2021. Over the period under review, imports, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2020 with an increase of 950% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of mattress support to Iran, with a 87% share of total imports. Moreover, mattress support imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled -15.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-16.4% per year) and the United Arab Emirates (-37.1% per year).

In value terms, China ($X) constituted the largest supplier of mattress supports to Iran, comprising 85% of total imports. The second position in the ranking was held by Turkey ($X), with a 3.4% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China amounted to -18.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-21.0% per year) and the United Arab Emirates (-41.3% per year).

Import Prices by Country

The average mattress support import price stood at $X per unit in 2021, stabilizing at the previous year. Over the period under review, the import price, however, showed a slight descent. The most prominent rate of growth was recorded in 2016 when the average import price increased by 50% against the previous year. As a result, import price attained 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 China ($X per unit), while the price for the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-3.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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