Myanmar: Market for Mattresses other than of cellular rubber or plastics 2024

Market Size for Mattresses other than of cellular rubber or plastics in Myanmar

In 2022, the Myanmar's market for mattresses other than of cellular rubber or plastics was finally on the rise to reach $X after two years of decline. In general, consumption enjoyed a significant expansion. Over the period under review, the market reached the maximum level in 2022 and is likely to see steady growth in years to come.

Production of Mattresses other than of cellular rubber or plastics in Myanmar

In value terms, production of mattresses other than of cellular rubber or plastics skyrocketed to $X in 2022 estimated in export price. In general, production enjoyed significant growth. The pace of growth was the most pronounced in 2020 when the production volume increased by 101,574,200%. Over the period under review, production of reached the peak level at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Exports of Mattresses other than of cellular rubber or plastics

Exports from Myanmar

Exports of mattresses other than of cellular rubber or plastics from Myanmar shrank sharply to X units in 2022, which is down by -90.9% against the previous year's figure. Overall, exports, however, recorded a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 2,291% against the previous year. As a result, the exports reached the peak of X units. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of mattresses other than of cellular rubber or plastics reduced remarkably to $X in 2022. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when exports increased by 5,363%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for exports of mattresses other than of cellular rubber or plastics from Myanmar, with a 65% share of total exports. Moreover, exports of mattresses other than of cellular rubber or plastics to the United States exceeded the volume sent to the second major destination, India (X units), threefold. Canada (X units) ranked third in terms of total exports with an 8.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at +58.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+4.1% per year) and Canada (-24.8% per year).

In value terms, the United States ($X) remains the key foreign market for mattresses other than of cellular rubber or plastics exports from Myanmar, comprising 63% of total exports. The second position in the ranking was held by India ($X), with a 19% share of total exports. It was followed by China, with a 10% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +63.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (-14.5% per year) and China (-54.9% per year).

Export Prices by Country

In 2022, the average export price for mattresses other than of cellular rubber or plastics amounted to $X per unit, shrinking by -6.9% against the previous year. Overall, the export price saw a abrupt decline. The most prominent rate of growth was recorded in 2020 when the average export price increased by 129%. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Canada ($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 China (+301.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Mattresses other than of cellular rubber or plastics

Imports into Myanmar

In 2022, supplies from abroad of mattresses other than of cellular rubber or plastics was finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 425% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of mattresses other than of cellular rubber or plastics soared to $X in 2022. Overall, imports saw a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest mattresses other than of cellular rubber or plastics supplier to Myanmar, accounting for a 87% share of total imports. Moreover, imports of mattresses other than of cellular rubber or plastics from China exceeded the figures recorded by the second-largest supplier, Thailand (X units), tenfold. Vietnam (X units) ranked third in terms of total imports with a 4.1% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +70.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+41.7% per year) and Vietnam (+35.7% per year).

In value terms, China ($X) constituted the largest supplier of mattresses other than of cellular rubber or plastics to Myanmar, comprising 92% of total imports. The second position in the ranking was taken by Thailand ($X), with a 4.2% share of total imports. It was followed by Vietnam, with a 3.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +49.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+14.9% per year) and Vietnam (+15.0% per year).

Import Prices by Country

The average import price for mattresses other than of cellular rubber or plastics stood at $X per unit in 2022, picking up by 67% against the previous year. In general, the import price, however, saw a abrupt descent. Over the period under review, average import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: 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 France (+4.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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