Iraq: Mattress Market 2024

Mattress Market Size in Iraq

The Iraqi mattress market declined modestly to $X in 2022, standing approx. at the previous year. In general, the total consumption indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +5.2% against 2020 indices. Mattress consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Mattress Production in Iraq

In value terms, mattress production reduced to $X in 2022 estimated in export price. Overall, the total production indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +4.7% 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 +2.7% against 2020 indices. The pace of growth was the most pronounced in 2016 with an increase of 41%. Mattress production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Mattress Exports

Exports from Iraq

After five years of growth, shipments abroad of mattresses decreased by -35.8% to X units in 2022. In general, exports, however, showed tangible growth. The growth pace was the most rapid in 2015 with an increase of 338%. Over the period under review, the exports reached the peak figure at X units in 2021, and then fell rapidly in the following year.

In value terms, mattress exports plummeted to $X in 2022. Overall, exports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2015 with an increase of 664% against the previous year. The exports peaked at $X in 2021, and then contracted rapidly in the following year.

Exports by Country

The UK (X units) was the main destination for mattress exports from Iraq, with a 61% share of total exports. Moreover, mattress exports to the UK exceeded the volume sent to the second major destination, Turkey (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to the UK amounted to +2,820.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (-22.2% per year) and Germany (-14.5% per year).

In value terms, the UK ($X) emerged as the key foreign market for mattresses exports from Iraq, comprising 61% of total exports. The second position in the ranking was taken by Turkey ($X), with a 4.9% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the UK stood at +2,564.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (-21.3% per year) and Germany (-5.3% per year).

Export Prices by Country

In 2022, the average mattress export price amounted to $X per unit, dropping by -3.3% against the previous year. In general, export price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.3% 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 +21.3% against 2019 indices. The most prominent rate of growth was recorded in 2015 an increase of 75%. Over the period under review, the average export prices reached the maximum at $X per unit in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Turkey ($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 Germany (+10.8%), while the prices for the other major destinations experienced mixed trend patterns.

Mattress Imports

Imports into Iraq

In 2022, supplies from abroad of mattresses increased by 35% to X units, rising for the second consecutive year after two years of decline. Overall, imports saw a prominent expansion. The pace of growth was the most pronounced in 2018 with an increase of 81%. As a result, imports reached the peak of X units. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, mattress imports dropped to $X in 2022. In general, imports recorded slight growth. The pace of growth appeared the most rapid in 2014 when imports increased by 45% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Turkey (X units) constituted the largest supplier of mattress to Iraq, accounting for a 75% share of total imports. Moreover, mattress imports from Turkey exceeded the figures recorded by the second-largest supplier, China (X units), fivefold. Kuwait (X units) ranked third in terms of total imports with a 2.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Turkey amounted to +9.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+13.2% per year) and Kuwait (-5.0% per year).

In value terms, Turkey ($X) constituted the largest supplier of mattresses to Iraq, comprising 82% of total imports. The second position in the ranking was held by China ($X), with a 5.9% share of total imports. It was followed by Sweden, with a 2.6% share.

From 2012 to 2022, the average annual growth rate of value from Turkey totaled +1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+14.9% per year) and Sweden (+84.9% per year).

Import Prices by Country

The average mattress import price stood at $X per unit in 2022, which is down by -34% against the previous year. In general, the import price continues to indicate a abrupt shrinkage. The growth pace was the most rapid in 2020 an increase of 64% against the previous year. The import price peaked at $X per unit in 2017; however, from 2018 to 2022, import prices remained at a 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 Sweden ($X per unit), while the price for Kuwait ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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