Jordan: Mattress Market 2024

Mattress Market Size in Jordan

The Jordanian mattress market was estimated at $X in 2022, surging by 3.7% against the previous year. Overall, the total consumption indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +4.1% 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 +11.1% against 2019 indices. Mattress consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Mattress Production in Jordan

In value terms, mattress production rose modestly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a measured expansion from 2012 to 2022: its value 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, production increased by +15.5% against 2019 indices. The pace of growth appeared the most rapid in 2017 when the production volume increased by 48%. Mattress production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Mattress Exports

Exports from Jordan

In 2022, after three years of growth, there was significant decline in shipments abroad of mattresses, when their volume decreased by -17.9% to X units. Over the period under review, exports, however, saw a buoyant expansion. The pace of growth appeared the most rapid in 2014 with an increase of 774% against the previous year. Over the period under review, the exports reached the maximum at X units in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, mattress exports rose slightly to $X in 2022. Overall, exports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2014 with an increase of 791% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for mattress exports from Jordan, with a 49% share of total exports. Moreover, mattress exports to the United States exceeded the volume sent to the second major destination, Saudi Arabia (X units), threefold. Free Zones (X units) ranked third in terms of total exports with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to +79.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+81.1% per year) and Free Zones (+19.2% per year).

In value terms, the United States ($X) emerged as the key foreign market for mattresses exports from Jordan, comprising 64% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a 17% share of total exports. It was followed by the UK, with a 9.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled +66.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+98.5% per year) and the UK (+54.2% per year).

Export Prices by Country

In 2022, the average mattress export price amounted to $X per unit, jumping by 26% against the previous year. In general, the export price saw perceptible growth. The pace of growth appeared the most rapid in 2020 an increase of 119% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2021 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Free Zones ($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 Saudi Arabia (+9.6%), while the prices for the other major destinations experienced more modest paces of growth.

Mattress Imports

Imports into Jordan

In 2022, imports of mattresses into Jordan dropped slightly to X units, approximately mirroring 2021 figures. Overall, imports showed a pronounced curtailment. The growth pace was the most rapid in 2016 with an increase of 1,069% against the previous year. As a result, imports reached the peak of X units. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, mattress imports reduced modestly to $X in 2022. Over the period under review, imports saw a pronounced reduction. The most prominent rate of growth was recorded in 2016 with an increase of 320% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Denmark (X units), the United Arab Emirates (X units) and Romania (X units) were the main suppliers of mattress imports to Jordan, with a combined 58% share of total imports. Greece, Poland, China and Italy lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2022, the biggest increases were recorded for Greece (with a CAGR of +72.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X), the United Arab Emirates ($X) and Romania ($X) were the largest mattress suppliers to Jordan, with a combined 58% share of total imports. Greece, Poland, China and Italy lagged somewhat behind, together comprising a further 31%.

In terms of the main suppliers, Greece, with a CAGR of +73.9%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average mattress import price amounted to $X per unit, almost unchanged from the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 147%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the United Arab Emirates ($X per unit) and Poland ($X per unit), while the price for Italy ($X per unit) and Romania ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+10.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform