Mexico: Mattress Support Market 2024

Mattress Support Market Size in Mexico

The Mexican mattress support market reached $X in 2021, picking up by 7% against the previous year. Overall, consumption, however, showed a mild decline. Mattress support consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Mattress Support Production in Mexico

In value terms, mattress support production expanded remarkably to $X in 2021 estimated in export price. Over the period under review, production, however, saw a mild downturn. Mattress support production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Mattress Support Exports

Exports from Mexico

In 2021, overseas shipments of mattress supports increased by 99% to X units, rising for the third consecutive year after three years of decline. Overall, exports, however, recorded a deep downturn. The growth pace was the most rapid in 2020 when exports increased by 240%. The exports peaked at X units in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, mattress support exports soared to $X in 2021. In general, exports, however, continue to indicate a deep setback. The most prominent rate of growth was recorded in 2020 when exports increased by 168%. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for mattress support exports from Mexico, with a 81% share of total exports. Moreover, mattress support exports to the United States exceeded the volume sent to the second major destination, Colombia (X units), more than tenfold. El Salvador (X units) ranked third in terms of total exports with a 4% share.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled -7.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (+24.1% per year) and El Salvador (+16.8% per year).

In value terms, the United States ($X) remains the key foreign market for mattress supports exports from Mexico, comprising 77% of total exports. The second position in the ranking was held by Guatemala ($X), with a 6.2% share of total exports. It was followed by El Salvador, with a 5.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled -9.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (+15.3% per year) and El Salvador (+18.0% per year).

Export Prices by Country

In 2021, the average mattress support export price amounted to $X per unit, with an increase of 9% against the previous year. Overall, the export price, however, saw a mild downturn. The growth pace was the most rapid in 2019 an increase of 28%. Over the period under review, the average export prices hit record highs at $X per unit in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Guatemala ($X per unit), while the average price for exports to Colombia ($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 Guatemala (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.

Mattress Support Imports

Imports into Mexico

In 2021, supplies from abroad of mattress supports was finally on the rise to reach X units for the first time since 2017, thus ending a three-year declining trend. In general, imports saw a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, mattress support imports surged to $X in 2021. Overall, imports continue to indicate a moderate increase. Over the period under review, imports reached the maximum at $X in 2015; afterwards, it flattened through to 2021.

Imports by Country

In 2021, the United States (X units) constituted the largest mattress support supplier to Mexico, with a 69% share of total imports. Moreover, mattress support imports from the United States exceeded the figures recorded by the second-largest supplier, China (X units), fourfold. The third position in this ranking was held by Canada (X units), with a 7.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States amounted to +11.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+5.6% per year) and Canada (+19.3% per year).

In value terms, the United States ($X) constituted the largest supplier of mattress supports to Mexico, comprising 57% of total imports. The second position in the ranking was held by Canada ($X), with a 19% share of total imports. It was followed by China, with a 16% share.

From 2012 to 2021, the average annual growth rate of value from the United States stood at +5.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+52.2% per year) and China (-0.1% per year).

Import Prices by Country

The average mattress support import price stood at $X per unit in 2021, shrinking by -33.4% against the previous year. Over the period under review, the import price continues to indicate a perceptible decrease. The pace of growth was the most pronounced in 2016 when the average import price increased by 59% against the previous year. As a result, import price reached the peak level of $X per unit. From 2017 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+27.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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