Kuwait: Market for Mattresses other than of cellular rubber or plastics 2024

Market Size for Mattresses other than of cellular rubber or plastics in Kuwait

The Kuwaiti market for mattresses other than of cellular rubber or plastics dropped significantly to $X in 2022, waning by -18.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, enjoyed a remarkable increase. Over the period under review, the market hit record highs at $X in 2021, and then declined remarkably in the following year.

Exports of Mattresses other than of cellular rubber or plastics

Exports from Kuwait

After three years of decline, overseas shipments of mattresses other than of cellular rubber or plastics increased by 44% to X units in 2022. Over the period under review, exports, however, saw a abrupt contraction. The growth pace was the most rapid in 2014 when exports increased by 1,504%. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, exports of mattresses other than of cellular rubber or plastics skyrocketed to $X in 2022. In general, exports, however, saw a deep reduction. The most prominent rate of growth was recorded in 2014 with an increase of 1,327% against the previous year. Over the period under review, the exports of reached the peak figure at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Togo (X units) was the main destination for exports of mattresses other than of cellular rubber or plastics from Kuwait, accounting for a 47% share of total exports. Moreover, exports of mattresses other than of cellular rubber or plastics to Togo exceeded the volume sent to the second major destination, France (X units), twofold. Bahrain (X units) ranked third in terms of total exports with a 6.4% share.

From 2012 to 2022, the average annual growth rate of volume to Togo stood at +85.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+30.6% per year) and Bahrain (-8.0% per year).

In value terms, Togo ($X) remains the key foreign market for mattresses other than of cellular rubber or plastics exports from Kuwait, comprising 46% of total exports. The second position in the ranking was held by France ($X), with a 19% share of total exports. It was followed by Bahrain, with a 7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Togo totaled +20.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+29.4% per year) and Bahrain (-5.7% per year).

Export Prices by Country

The average export price for mattresses other than of cellular rubber or plastics stood at $X per unit in 2022, which is down by -4.6% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 44% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to India ($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 India (+12.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Mattresses other than of cellular rubber or plastics

Imports into Kuwait

In 2022, imports of mattresses other than of cellular rubber or plastics into Kuwait fell significantly to X units, waning by -25.5% against the previous year. Overall, imports, however, posted a remarkable increase. The pace of growth was the most pronounced in 2018 when imports increased by 85%. Imports peaked at X units in 2021, and then contracted remarkably in the following year.

In value terms, imports of mattresses other than of cellular rubber or plastics dropped significantly to $X in 2022. Over the period under review, imports, however, posted a prominent expansion. The pace of growth was the most pronounced in 2018 when imports increased by 60% against the previous year. Over the period under review, imports of attained the peak figure at $X in 2021, and then fell rapidly in the following year.

Imports by Country

In 2022, India (X units) constituted the largest mattresses other than of cellular rubber or plastics supplier to Kuwait, with a 51% share of total imports. Moreover, imports of mattresses other than of cellular rubber or plastics from India exceeded the figures recorded by the second-largest supplier, Turkey (X units), threefold. The third position in this ranking was held by China (X units), with a 13% share.

From 2012 to 2022, the average annual growth rate of volume from India totaled +49.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+22.4% per year) and China (-6.2% per year).

In value terms, India ($X) constituted the largest supplier of mattresses other than of cellular rubber or plastics to Kuwait, comprising 33% of total imports. The second position in the ranking was held by Turkey ($X), with a 14% share of total imports. It was followed by Romania, with an 8.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from India stood at +54.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+14.8% per year) and Romania (+156.5% per year).

Import Prices by Country

In 2022, the average import price for mattresses other than of cellular rubber or plastics amounted to $X per unit, surging by 13% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 42% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the average 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 the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+19.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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