Malaysia: Mattress Market 2024

Mattress Market Size in Malaysia

The Malaysian mattress market shrank rapidly to $X in 2022, dropping by -21.1% against the previous year. In general, consumption saw a perceptible decrease. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Mattress Production in Malaysia

In value terms, mattress production totaled $X in 2022 estimated in export price. Over the period under review, production, however, showed a noticeable setback. The pace of growth was the most pronounced in 2017 when the production volume increased by 168% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Mattress Exports

Exports from Malaysia

In 2022, mattress exports from Malaysia soared to X units, with an increase of 43% compared with 2021 figures. Overall, exports saw a resilient expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, mattress exports soared to $X in 2022. Over the period under review, total exports indicated a temperate increase 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 -15.9% against 2020 indices. The growth pace was the most rapid in 2019 with an increase of 50%. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Singapore (X units) was the main destination for mattress exports from Malaysia, accounting for a 41% share of total exports. Moreover, mattress exports to Singapore exceeded the volume sent to the second major destination, Indonesia (X units), fivefold. China (X units) ranked third in terms of total exports with a 7.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Singapore stood at +8.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+14.8% per year) and China (+23.2% per year).

In value terms, Singapore ($X) emerged as the key foreign market for mattresses exports from Malaysia, comprising 22% of total exports. The second position in the ranking was held by South Korea ($X), with an 11% share of total exports. It was followed by Japan, with a 9.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Singapore totaled +3.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+0.3% per year) and Japan (-5.8% per year).

Export Prices by Country

The average mattress export price stood at $X per unit in 2022, waning by -13.9% against the previous year. Over the period under review, the export price continues to indicate a noticeable decrease. The pace of growth was the most pronounced in 2019 when the average export price increased by 19% 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.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to Germany ($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 Belgium (-1.0%), while the prices for the other major destinations experienced a decline.

Mattress Imports

Imports into Malaysia

In 2022, mattress imports into Malaysia contracted rapidly to X units, waning by -26.3% against the previous year. Over the period under review, imports, however, continue to indicate a resilient expansion. The growth pace was the most rapid in 2021 when imports increased by 139% against the previous year. As a result, imports attained the peak of X units, and then declined rapidly in the following year.

In value terms, mattress imports dropped markedly to $X in 2022. Overall, imports, however, recorded a strong increase. The most prominent rate of growth was recorded in 2019 with an increase of 104%. Imports peaked at $X in 2021, and then declined sharply in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of mattress to Malaysia, accounting for a 78% share of total imports. Moreover, mattress imports from China exceeded the figures recorded by the second-largest supplier, Indonesia (X units), fivefold. The third position in this ranking was held by Thailand (X units), with a 2.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +20.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+8.1% per year) and Thailand (+8.1% per year).

In value terms, China ($X) constituted the largest supplier of mattresses to Malaysia, comprising 77% of total imports. The second position in the ranking was held by Indonesia ($X), with a 5.6% share of total imports. It was followed by Vietnam, with a 5.4% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +21.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+10.6% per year) and Vietnam (-3.7% per year).

Import Prices by Country

The average mattress import price stood at $X per unit in 2022, increasing by 4.8% against the previous year. In general, the import price, however, continues to indicate a noticeable slump. The pace of growth was the most pronounced in 2017 when the average import price increased by 43% against the previous year. As a result, import price attained the peak level of $X per unit. From 2018 to 2022, the average import prices failed to regain momentum.

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 Vietnam ($X per unit), while the price for Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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