Malaysia: Mattress Support Market 2024

Mattress Support Market Size in Malaysia

In 2021, the Malaysian mattress support market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, the total consumption indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Mattress support consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Mattress Support Production in Malaysia

In value terms, mattress support production rose to $X in 2021 estimated in export price. In general, production, however, enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2015 with an increase of 67%. Mattress support production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Mattress Support Exports

Exports from Malaysia

In 2021, shipments abroad of mattress supports decreased by -10.9% to X units for the first time since 2016, thus ending a four-year rising trend. Over the period under review, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2019 with an increase of 509%. Over the period under review, the exports reached the peak figure at X units in 2020, and then reduced in the following year.

In value terms, mattress support exports shrank remarkably to $X in 2021. Overall, exports, however, saw a significant increase. The pace of growth was the most pronounced in 2019 with an increase of 301%. Over the period under review, the exports hit record highs at $X in 2020, and then shrank rapidly in the following year.

Exports by Country

The United States (X units) was the main destination for mattress support exports from Malaysia, accounting for a 60% share of total exports. Moreover, mattress support exports to the United States exceeded the volume sent to the second major destination, Indonesia (X units), fourfold. The third position in this ranking was held by China (X units), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled +36.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+56.2% per year) and China (+51.7% per year).

In value terms, the United States ($X), China ($X) and Singapore ($X) appeared to be the largest markets for mattress support exported from Malaysia worldwide, with a combined 92% share of total exports. Indonesia lagged somewhat behind, comprising a further 5.9%.

Indonesia, with a CAGR of +70.0%, recorded the highest growth rate of the value of exports, among 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

The average mattress support export price stood at $X per unit in 2021, waning by -12.1% against the previous year. Over the period under review, export price indicated a slight expansion from 2012 to 2021: its price increased at an average annual rate of +1.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, mattress support export price decreased by -37.2% against 2018 indices. The pace of growth was the most pronounced in 2015 an increase of 60%. The export price peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+8.8%), while the prices for the other major destinations experienced more modest paces of growth.

Mattress Support Imports

Imports into Malaysia

In 2021, approx. X units of mattress supports were imported into Malaysia; jumping by 210% on the previous year. Overall, imports enjoyed a moderate expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, mattress support imports skyrocketed to $X in 2021. In general, imports, however, recorded a perceptible contraction. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of mattress support to Malaysia, accounting for a 89% share of total imports. Moreover, mattress support imports from China exceeded the figures recorded by the second-largest supplier, Lithuania (X units), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (+42,119.6% per year) and Indonesia (-21.8% per year).

In value terms, China ($X) constituted the largest supplier of mattress supports to Malaysia, comprising 97% of total imports. The second position in the ranking was taken by Lithuania ($X), with a 1.4% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at -3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (+28,003.0% per year) and Indonesia (-22.5% per year).

Import Prices by Country

In 2021, the average mattress support import price amounted to $X per unit, dropping by -27.3% against the previous year. In general, the import price continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2013 an increase of 33%. As a result, import price reached the peak level of $X per unit. From 2014 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($X per unit), while the price for Lithuania ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (-0.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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