Malaysia: Market for Mattresses of cellular rubber or plastics 2024

Market Size for Mattresses of cellular rubber or plastics in Malaysia

In 2022, after three years of growth, there was significant decline in the Malaysian market for mattresses of cellular rubber or plastics, when its value decreased by -42.3% to $X. In general, consumption, however, saw a prominent increase. As a result, consumption reached the peak level of $X, and then shrank notably in the following year.

Production of Mattresses of cellular rubber or plastics in Malaysia

In value terms, production of mattresses of cellular rubber or plastics rose slightly to $X in 2022 estimated in export price. In general, production, however, showed a mild downturn. The pace of growth appeared the most rapid in 2019 with an increase of 20% against the previous year. Over the period under review, production of attained the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Mattresses of cellular rubber or plastics

Exports from Malaysia

In 2022, shipments abroad of mattresses of cellular rubber or plastics increased by 1.3% to X units, rising for the second year in a row after two years of decline. Over the period under review, total exports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +8.8% against 2020 indices. The growth pace was the most rapid in 2013 with an increase of 37% against the previous year. Over the period under review, the exports of reached the maximum at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of mattresses of cellular rubber or plastics reduced to $X in 2022. The total export value increased at an average annual rate of +2.8% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2019 when exports increased by 29% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

South Korea (X units), China (X units) and Hong Kong SAR (X units) were the main destinations of exports of mattresses of cellular rubber or plastics from Malaysia, together accounting for 47% of total exports. Germany, Taiwan (Chinese), Indonesia, Japan, Singapore, Australia and Belgium lagged somewhat behind, together comprising a further 41%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +63.0%), while the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X) remains the key foreign market for mattresses of cellular rubber or plastics exports from Malaysia, comprising 31% of total exports. The second position in the ranking was held by China ($X), with a 13% share of total exports. It was followed by Hong Kong SAR, with a 9.8% share.

From 2012 to 2022, the average annual growth rate of value to South Korea was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+20.9% per year) and Hong Kong SAR (+15.7% per year).

Export Prices by Country

In 2022, the average export price for mattresses of cellular rubber or plastics amounted to $X per unit, shrinking by -2.6% against the previous year. Over the period under review, the export price showed a pronounced downturn. The pace of growth was the most pronounced in 2019 an increase of 33%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per unit), while the average price for exports to Indonesia ($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 Singapore (+7.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Mattresses of cellular rubber or plastics

Imports into Malaysia

In 2022, after three years of growth, there was significant decline in supplies from abroad of mattresses of cellular rubber or plastics, when their volume decreased by -40% to X units. In general, imports, however, saw a prominent increase. The growth pace was the most rapid in 2021 with an increase of 609% against the previous year. As a result, imports reached the peak of X units, and then contracted remarkably in the following year.

In value terms, imports of mattresses of cellular rubber or plastics dropped remarkably to $X in 2022. Over the period under review, imports, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 446%. As a result, imports attained the peak of $X, and then contracted significantly in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of mattresses of cellular rubber or plastics to Malaysia, accounting for a 87% share of total imports. Moreover, imports of mattresses of cellular rubber or plastics from China exceeded the figures recorded by the second-largest supplier, Indonesia (X units), more than tenfold. Thailand (X units) ranked third in terms of total imports with a 3.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +20.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+20.4% per year) and Thailand (+11.6% per year).

In value terms, China ($X) constituted the largest supplier of mattresses of cellular rubber or plastics to Malaysia, comprising 87% of total imports. The second position in the ranking was taken by Denmark ($X), with a 2.1% share of total imports. It was followed by Thailand, with a 2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +18.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (-5.8% per year) and Thailand (+8.0% per year).

Import Prices by Country

In 2022, the average import price for mattresses of cellular rubber or plastics amounted to $X per unit, approximately reflecting the previous year. In general, the import price saw a noticeable downturn. The growth pace was the most rapid in 2014 when the average import price increased by 57%. The import price peaked at $X per unit in 2016; however, from 2017 to 2022, 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 Denmark ($X per unit), while the price for Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (-0.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :