Israel: Mattress Market 2024

Mattress Market Size in Israel

In 2022, the Israeli mattress market decreased by -1.8% to $X for the first time since 2019, thus ending a two-year rising trend. In general, the total consumption indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of +1.7% 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 -22.0% against 2018 indices. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Mattress Production in Israel

In value terms, mattress production amounted to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the production volume increased by 94%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Mattress Exports

Exports from Israel

In 2022, shipments abroad of mattresses increased by 67% to X units, rising for the third year in a row after two years of decline. Overall, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 179%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, mattress exports surged to $X in 2022. Over the period under review, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 156%. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in the near future.

Exports by Country

The United States (X units) was the main destination for mattress exports from Israel, accounting for a 67% share of total exports. Moreover, mattress exports to the United States exceeded the volume sent to the second major destination, Cameroon (X units), tenfold. Belgium (X units) ranked third in terms of total exports with a 6.5% share.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to +40.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cameroon (+6.3% per year) and Belgium (+58.7% per year).

In value terms, the United States ($X) remains the key foreign market for mattresses exports from Israel, comprising 56% of total exports. The second position in the ranking was held by Belgium ($X), with a 9.8% share of total exports. It was followed by Cameroon, with a 9.8% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at +43.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+75.1% per year) and Cameroon (+15.4% per year).

Export Prices by Country

The average mattress export price stood at $X per unit in 2022, with an increase of 11% against the previous year. In general, export price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +4.4% 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 +49.6% against 2019 indices. The growth pace was the most rapid in 2020 an increase of 46% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($X per unit), while the average price for exports to Cyprus ($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 Belgium (+10.4%), while the prices for the other major destinations experienced more modest paces of growth.

Mattress Imports

Imports into Israel

After six years of growth, purchases abroad of mattresses decreased by -10.7% to X units in 2022. In general, imports, however, showed buoyant growth. The most prominent rate of growth was recorded in 2017 when imports increased by 47%. Imports peaked at X units in 2021, and then fell in the following year.

In value terms, mattress imports dropped to $X in 2022. Overall, imports, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2021 when imports increased by 44% against the previous year. As a result, imports attained the peak of $X, and then declined in the following year.

Imports by Country

Denmark (X units), Poland (X units) and China (X units) were the main suppliers of mattress imports to Israel, together comprising 63% of total imports. Romania, Turkey, Belgium, Thailand, Portugal, the UK and Italy lagged somewhat behind, together accounting for a further 29%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of +104.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest mattress suppliers to Israel were Denmark ($X), Poland ($X) and China ($X), with a combined 63% share of total imports. Romania, Turkey, Belgium, Thailand, Portugal, the UK and Italy lagged somewhat behind, together comprising a further 29%.

Thailand, with a CAGR of +106.2%, saw the highest rates of growth with regard to the value of imports, in terms of 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 mattress import price stood at $X per unit in 2022, growing by 4.4% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of 20%. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Portugal ($X per unit) and Thailand ($X per unit), while the price for Belgium ($X per unit) and Turkey ($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 (+0.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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