Middle East: Mattress Market 2024

Mattress Market Size in the Middle East

The Middle Eastern mattress market declined to $X in 2022, waning by -4.3% against the previous year. The total consumption indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by +0.2% against 2020 indices. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Mattress Production in the Middle East

In value terms, mattress production fell to $X in 2022 estimated in export price. Overall, production, however, saw prominent growth. The pace of growth appeared the most rapid in 2019 with an increase of 49% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Mattress Exports

Exports in the Middle East

Mattress exports shrank to X units in 2022, declining by -10.6% on 2021 figures. Over the period under review, exports, however, posted buoyant growth. The most prominent rate of growth was recorded in 2013 with an increase of 54% against the previous year. Over the period under review, the exports hit record highs at X units in 2021, and then declined in the following year.

In value terms, mattress exports contracted to $X in 2022. Overall, exports, however, enjoyed prominent growth. The growth pace was the most rapid in 2013 when exports increased by 33% against the previous year. The level of export peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Turkey was the major exporting country with an export of around X units, which amounted to 65% of total exports. The United Arab Emirates (X units) took a 15% share (based on physical terms) of total exports, which put it in second place, followed by Palestine (10%) and Oman (4.7%). The following exporters - Saudi Arabia (X units) and Iran (X units) - together made up 4.7% of total exports.

Turkey was also the fastest-growing in terms of the mattresses exports, with a CAGR of +14.2% from 2012 to 2022. At the same time, Palestine (+13.2%), Saudi Arabia (+12.5%), Iran (+11.9%), the United Arab Emirates (+8.6%) and Oman (+1.6%) displayed positive paces of growth. Turkey (+12 p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates and Oman saw its share reduced by -5.3% and -7.6% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest mattress supplier in the Middle East, comprising 66% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 13% share of total exports. It was followed by Palestine, with a 9.3% share.

In Turkey, mattress exports expanded at an average annual rate of +14.9% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (+4.3% per year) and Palestine (+7.0% per year).

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2022, with an increase of 2.2% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 27% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2021 to 2022, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Iran ($X per unit), while Saudi Arabia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (+11.1%), while the other leaders experienced mixed trends in the export price figures.

Mattress Imports

Imports in the Middle East

Mattress imports reduced notably to X units in 2022, which is down by -59.3% against the previous year's figure. In general, imports, however, continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of 666% against the previous year. As a result, imports reached the peak of X units, and then plummeted in the following year.

In value terms, mattress imports shrank slightly to $X in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 16% against the previous year. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

Qatar prevails in imports structure, finishing at X units, which was near 69% of total imports in 2022. The United Arab Emirates (X units) held a 9.6% share (based on physical terms) of total imports, which put it in second place, followed by Kuwait (5.4%) and Bahrain (4.8%). The following importers - Israel (X units), Iraq (X units) and Turkey (X units) - together made up 8.5% of total imports.

Qatar was also the fastest-growing in terms of the mattresses imports, with a CAGR of +29.7% from 2012 to 2022. At the same time, Bahrain (+12.2%), Israel (+10.1%), Iraq (+8.1%), Kuwait (+7.1%), Turkey (+4.3%) and the United Arab Emirates (+1.5%) displayed positive paces of growth. From 2012 to 2022, the share of Qatar increased by +48 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest mattress importing markets in the Middle East were the United Arab Emirates ($X), Israel ($X) and Kuwait ($X), with a combined 46% share of total imports.

Israel, with a CAGR of +10.2%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per unit, jumping by 138% against the previous year. Overall, the import price, however, showed a deep downturn. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Israel ($X per unit), while Qatar ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+2.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :