Kuwait: Mattress Market 2024

Mattress Market Size in Kuwait

In 2022, the Kuwaiti mattress market was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. Over the period under review, consumption saw a slight setback. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Mattress Production in Kuwait

In value terms, mattress production reduced modestly to $X in 2022 estimated in export price. Over the period under review, production recorded a deep reduction. The most prominent rate of growth was recorded in 2017 when the production volume increased by 19%. Mattress production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Mattress Exports

Exports from Kuwait

In 2022, approx. X units of mattresses were exported from Kuwait; approximately mirroring 2021 figures. Overall, exports, however, posted a prominent expansion. The pace of growth appeared the most rapid in 2017 with an increase of 196% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, mattress exports reduced to $X in 2022. In general, exports, however, saw buoyant growth. The growth pace was the most rapid in 2017 with an increase of 233%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Saudi Arabia (X units) was the main destination for mattress exports from Kuwait, accounting for a 67% share of total exports. Moreover, mattress exports to Saudi Arabia exceeded the volume sent to the second major destination, Jordan (X units), sixfold. Qatar (X units) ranked third in terms of total exports with a 6.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Saudi Arabia totaled +7.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jordan (+25.4% per year) and Qatar (+6.0% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for mattresses exports from Kuwait, comprising 82% of total exports. The second position in the ranking was taken by Qatar ($X), with a 9.4% share of total exports. It was followed by Togo, with a 1.9% share.

From 2012 to 2022, the average annual growth rate of value to Saudi Arabia totaled +7.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (+8.6% per year) and Togo (+44.5% per year).

Export Prices by Country

The average mattress export price stood at $X per unit in 2022, falling by -7.1% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average export price increased by 40%. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to Syrian Arab Republic ($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 Iraq (+7.4%), while the prices for the other major destinations experienced more modest paces of growth.

Mattress Imports

Imports into Kuwait

In 2022, imports of mattresses into Kuwait fell to X units, with a decrease of -13.6% compared with the previous year's figure. In general, imports, however, showed a remarkable increase. The growth pace was the most rapid in 2019 with an increase of 67% against the previous year. As a result, imports attained the peak of X units. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, mattress imports rose modestly to $X in 2022. Over the period under review, imports, however, saw a buoyant expansion. The pace of growth appeared the most rapid in 2018 with an increase of 46% against the previous year. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates (X units), India (X units) and Saudi Arabia (X units) were the main suppliers of mattress imports to Kuwait, together accounting for 70% of total imports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +49.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), the United Arab Emirates ($X) and India ($X) appeared to be the largest mattress suppliers to Kuwait, with a combined 60% share of total imports.

Among the main suppliers, India, with a CAGR of +54.0%, saw the highest rates of growth with regard to 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, with an increase of 19% against the previous year. Overall, the import price, however, showed a mild descent. The most prominent rate of growth was recorded in 2020 an increase of 25% against the previous year. The import price peaked at $X per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Saudi Arabia ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+10.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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