Mexico: Market for Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows) 2022

Market Size for Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows) in Mexico

In 2021, the Mexican bedding and furnishing article market increased by 41% to $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption saw a relatively flat trend pattern. Bedding and furnishing article consumption peaked in 2021 and is likely to see gradual growth in the near future.

Production of Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows) in Mexico

In value terms, bedding and furnishing article production expanded modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.3% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 with an increase of 7% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Exports of Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows)

Exports from Mexico

For the fourth year in a row, Mexico recorded growth in overseas shipments of bedding and furnishing articles (quilts, eiderdowns, cushions, pouffes and pillows), which increased by 12% to X tons in 2021. The total export volume increased at an average annual rate of +1.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 with an increase of 24%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, bedding and furnishing article exports skyrocketed to $X in 2021. Over the period under review, total exports indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +75.6% against 2017 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for bedding and furnishing article exports from Mexico, accounting for a 98% share of total exports. It was followed by Canada (X tons), with a 0.2% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled +2.0%.

In value terms, the United States ($X) remains the key foreign market for bedding and furnishing article exports from Mexico, comprising 98% of total exports. The second position in the ranking was held by Canada ($X), with a 0.2% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United States totaled +5.1%.

Export Prices by Country

In 2021, the average bedding and furnishing article export price amounted to $X per ton, picking up by 28% against the previous year. Over the last nine years, it increased at an average annual rate of +3.0%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major export markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to Canada totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+3.0%).

Imports of Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows)

Imports into Mexico

In 2021, purchases abroad of bedding and furnishing articles (quilts, eiderdowns, cushions, pouffes and pillows) was finally on the rise to reach X tons after two years of decline. Overall, total imports indicated a measured increase from 2012 to 2021: its volume increased at an average annual rate of +2.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, bedding and furnishing article imports soared to $X in 2021. Over the period under review, total imports indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of bedding and furnishing article to Mexico, accounting for a 70% share of total imports. Moreover, bedding and furnishing article imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold.

From 2012 to 2021, the average annual growth rate of volume from China totaled +2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+2.1% per year) and India (-0.4% per year).

In value terms, China ($X) constituted the largest supplier of bedding and furnishing article to Mexico, comprising 70% of total imports. The second position in the ranking was held by the United States ($X), with a 27% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+1.2% per year) and India (-1.2% per year).

Import Prices by Country

In 2021, the average bedding and furnishing article import price amounted to $X per ton, almost unchanged from the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of less than 0.1% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Cambodia (+0.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform