Japan: Mattress Market 2024

Mattress Market Size in Japan

The Japanese mattress market dropped slightly to $X in 2022, waning by -2.1% against the previous year. In general, the total consumption indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +6.6% 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 -17.5% against 2016 indices. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Mattress Production in Japan

In value terms, mattress production amounted to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by 20%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Mattress Exports

Exports from Japan

In 2022, mattress exports from Japan fell to X units, declining by -8.4% against the year before. Over the period under review, exports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2015 with an increase of 69%. The exports peaked at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, mattress exports dropped to $X in 2022. In general, total exports indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -14.2% against 2019 indices. The growth pace was the most rapid in 2016 with an increase of 19% against the previous year. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

China (X units), Taiwan (Chinese) (X units) and Singapore (X units) were the main destinations of mattress exports from Japan, with a combined 76% share of total exports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +28.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Taiwan (Chinese) ($X) and Singapore ($X) were the largest markets for mattress exported from Japan worldwide, with a combined 77% share of total exports. Hong Kong SAR, Malaysia, the United States and Thailand lagged somewhat behind, together comprising a further 19%.

The United States, with a CAGR of +22.1%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average mattress export price amounted to $X per unit, dropping by -6.2% against the previous year. Over the period under review, the export price continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2017 when the average export price increased by 36% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Malaysia ($X per unit) and China ($X per unit), while the average price for exports to the United States ($X per unit) and Thailand ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+2.0%), while the prices for the other major destinations experienced mixed trend patterns.

Mattress Imports

Imports into Japan

In 2022, purchases abroad of mattresses decreased by -4.7% to X units, falling for the second consecutive year after five years of growth. Overall, total imports indicated a noticeable increase from 2012 to 2022: its volume 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, imports decreased by -9.4% against 2020 indices. The pace of growth was the most pronounced in 2014 with an increase of 37%. Over the period under review, imports reached the peak figure at X units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, mattress imports fell to $X in 2022. In general, total imports indicated noticeable growth 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, imports increased by +64.1% against 2015 indices. The pace of growth appeared the most rapid in 2019 when imports increased by 19% against the previous year. Imports peaked at $X in 2021, and then dropped slightly in the following year.

Imports by Country

China (X units), Vietnam (X units) and Denmark (X units) were the main suppliers of mattress imports to Japan, with a combined 92% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +40.0%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest mattress suppliers to Japan were China ($X), Vietnam ($X) and Denmark ($X), with a combined 92% share of total imports.

In terms of the main suppliers, Vietnam, with a CAGR of +40.2%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average mattress import price amounted to $X per unit, rising by 4.2% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of 23%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to continue 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 Denmark ($X per unit) and Italy ($X per unit), while the price for Vietnam ($X per unit) and Malaysia ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+0.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :