Myanmar: Mattress Market 2024

Mattress Market Size in Myanmar

The Myanmar's mattress market dropped to $X in 2022, standing approx. at the previous year. Overall, the total consumption indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +9.6% against 2020 indices. Mattress consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Mattress Production in Myanmar

In value terms, mattress production dropped slightly to $X in 2022 estimated in export price. Over the period under review, production, however, showed resilient growth. The growth pace was the most rapid in 2016 when the production volume increased by 31%. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Mattress Exports

Exports from Myanmar

In 2022, approx. X units of mattresses were exported from Myanmar; picking up by 240% compared with the previous year. Overall, exports recorded a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 2,291%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, mattress exports soared to $X in 2022. In general, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 5,363%. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in the immediate term.

Exports by Country

The United States (X units) was the main destination for mattress exports from Myanmar, with a 97% share of total exports. It was followed by Canada (X units), with a 2.3% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to +175.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+28.5% per year) and India (+4.1% per year).

In value terms, the United States ($X) remains the key foreign market for mattresses exports from Myanmar, comprising 98% of total exports. The second position in the ranking was held by Canada ($X), with a 2.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled +276.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+124.3% per year) and India (-14.5% per year).

Export Prices by Country

The average mattress export price stood at $X per unit in 2022, jumping by 95% against the previous year. Overall, the export price recorded a noticeable increase. The most prominent rate of growth was recorded in 2021 when the average export price increased by 593% against the previous year. The export price peaked in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to India ($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 Canada (+74.6%), while the prices for the other major destinations experienced more modest paces of growth.

Mattress Imports

Imports into Myanmar

After two years of decline, purchases abroad of mattresses increased by 386% to X units in 2022. Over the period under review, imports saw a significant expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 427% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, mattress imports soared to $X in 2022. Overall, imports posted a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest supplier of mattress to Myanmar, with a 87% share of total imports. Moreover, mattress imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X units), tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +69.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+33.8% per year) and Vietnam (+35.7% per year).

In value terms, China ($X) constituted the largest supplier of mattresses to Myanmar, comprising 92% of total imports. The second position in the ranking was held by Thailand ($X), with a 4.2% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +48.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+7.8% per year) and Vietnam (+15.0% per year).

Import Prices by Country

In 2022, the average mattress import price amounted to $X per unit, surging by 62% against the previous year. In general, the import price, however, saw a deep contraction. The import price peaked at $X per unit in 2012; however, from 2013 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 China ($X per unit), while the price for Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-12.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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