Morocco: Mattress Market 2024

Mattress Market Size in Morocco

The Moroccan mattress market contracted slightly to $X in 2022, almost unchanged from the previous year. Overall, consumption, however, saw a prominent increase. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Mattress Production in Morocco

In value terms, mattress production reduced to $X in 2022 estimated in export price. Overall, production, however, showed a remarkable increase. The pace of growth appeared the most rapid in 2017 with an increase of 88%. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Mattress Exports

Exports from Morocco

In 2022, the amount of mattresses exported from Morocco fell sharply to X units, declining by -22.1% against the previous year. In general, exports continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2016 when exports increased by 114%. As a result, the exports attained the peak of X units. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, mattress exports dropped to $X in 2022. Over the period under review, exports faced a abrupt downturn. The growth pace was the most rapid in 2016 when exports increased by 85%. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Spain (X units) was the main destination for mattress exports from Morocco, with a 32% share of total exports. Moreover, mattress exports to Spain exceeded the volume sent to the second major destination, Belgium (X units), twofold. The third position in this ranking was held by France (X units), with a 12% share.

From 2012 to 2022, the average annual growth rate of volume to Spain was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-4.9% per year) and France (-16.5% per year).

In value terms, Spain ($X) remains the key foreign market for mattresses exports from Morocco, comprising 35% of total exports. The second position in the ranking was held by France ($X), with a 13% share of total exports. It was followed by Tunisia, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Spain totaled +7.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-10.9% per year) and Tunisia (+19.5% per year).

Export Prices by Country

In 2022, the average mattress export price amounted to $X per unit, surging by 15% against the previous year. Over the period under review, export price indicated a prominent increase from 2012 to 2022: its price 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, mattress export price increased by +45.1% against 2019 indices. The growth pace was the most rapid in 2017 an increase of 77%. The export price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Equatorial Guinea ($X per unit), while the average price for exports to Belgium ($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 Tunisia (+15.2%), while the prices for the other major destinations experienced more modest paces of growth.

Mattress Imports

Imports into Morocco

In 2022, overseas purchases of mattresses decreased by -2.9% to X units for the first time since 2015, thus ending a six-year rising trend. In general, imports, however, posted a buoyant increase. The pace of growth appeared the most rapid in 2014 with an increase of 144%. Imports peaked at X units in 2021, and then reduced in the following year.

In value terms, mattress imports stood at $X in 2022. Over the period under review, imports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 74% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Italy (X units), Romania (X units) and Turkey (X units) were the main suppliers of mattress imports to Morocco, together comprising 63% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Romania (with a CAGR of +165.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest mattress suppliers to Morocco were Italy ($X), Romania ($X) and Turkey ($X), together accounting for 63% of total imports.

In terms of the main suppliers, Romania, with a CAGR of +174.9%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average mattress import price amounted to $X per unit, rising by 4% against the previous year. Over the last decade, it increased at an average annual rate of +3.0%. The pace of growth was the most pronounced in 2013 an increase of 31% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see steady growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Denmark ($X per unit) and Poland ($X per unit), while the price for Greece ($X per unit) and Italy ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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