Nepal: Market for Mattresses of cellular rubber or plastics 2024

Market Size for Mattresses of cellular rubber or plastics in Nepal

The Nepalese market for mattresses of cellular rubber or plastics reduced notably to $X in 2022, dropping by -43.6% against the previous year. In general, consumption continues to indicate a precipitous decrease. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Mattresses of cellular rubber or plastics in Nepal

In value terms, production of mattresses of cellular rubber or plastics expanded to $X in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 37% against the previous year. Production of peaked at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Exports of Mattresses of cellular rubber or plastics

Exports from Nepal

In 2022, shipments abroad of mattresses of cellular rubber or plastics was finally on the rise to reach X units after two years of decline. Over the period under review, exports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2019 with an increase of 263%. As a result, the exports reached the peak of X units. From 2020 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of mattresses of cellular rubber or plastics dropped slightly to $X in 2022. In general, exports showed a prominent increase. The pace of growth was the most pronounced in 2019 when exports increased by 146%. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

China (X units) was the main destination for exports of mattresses of cellular rubber or plastics from Nepal, accounting for a 99% share of total exports. It was followed by India (X units), with a 0.9% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to China stood at +12.2%.

In value terms, China ($X) remains the key foreign market for mattresses of cellular rubber or plastics exports from Nepal, comprising 90% of total exports. The second position in the ranking was held by India ($X), with a 7.9% share of total exports.

From 2012 to 2022, the average annual growth rate of value to China totaled +10.4%.

Export Prices by Country

In 2022, the average export price for mattresses of cellular rubber or plastics amounted to $X per unit, which is down by -23.1% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of 84% against the previous year. The export price peaked at $X per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was India ($X per unit), while the average price for exports to China totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+28.8%).

Imports of Mattresses of cellular rubber or plastics

Imports into Nepal

In 2022, the amount of mattresses of cellular rubber or plastics imported into Nepal declined to X units, shrinking by -5.2% against the previous year. Overall, imports continue to indicate a significant decline. The growth pace was the most rapid in 2014 when imports increased by 2,229%. As a result, imports reached the peak of X units. From 2015 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of mattresses of cellular rubber or plastics declined sharply to $X in 2022. In general, imports showed a deep contraction. The pace of growth was the most pronounced in 2014 when imports increased by 1,943%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, India (X units) constituted the largest supplier of mattresses of cellular rubber or plastics to Nepal, accounting for a 86% share of total imports. Moreover, imports of mattresses of cellular rubber or plastics from India exceeded the figures recorded by the second-largest supplier, Thailand (X units), more than tenfold. The third position in this ranking was taken by South Korea (X units), with a 3.3% share.

From 2012 to 2022, the average annual growth rate of volume from India stood at -22.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+6.1% per year) and South Korea (+38.5% per year).

In value terms, the largest mattresses of cellular rubber or plastics suppliers to Nepal were India ($X), Thailand ($X) and South Korea ($X), together accounting for 91% of total imports. The UK and China lagged somewhat behind, together accounting for a further 5.2%.

Among the main suppliers, the UK, with a CAGR of +61.0%, saw the highest growth rate of 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 import price for mattresses of cellular rubber or plastics amounted to $X per unit, declining by -19.4% against the previous year. In general, the import price, however, enjoyed a temperate expansion. The pace of growth was the most pronounced in 2016 when the average import price increased by 90%. Over the period under review, average import prices attained the maximum at $X per unit in 2021, and then contracted notably in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($X per unit), while the price for China ($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 UK (+18.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform