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

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

The Nepalese market for mattresses other than of cellular rubber or plastics fell to $X in 2022, with a decrease of -14.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, recorded strong growth. Over the period under review, the market reached the peak level at $X in 2021, and then declined in the following year.

Exports of Mattresses other than of cellular rubber or plastics

Exports from Nepal

In 2022, overseas shipments of mattresses other than of cellular rubber or plastics were finally on the rise to reach X units after two years of decline. Over the period under review, exports, however, faced a dramatic decline. The growth pace was the most rapid in 2013 when exports increased by 117% against the previous year. As a result, the exports reached the peak of X units. From 2014 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 rose significantly to $X in 2022. In general, exports, however, saw a precipitous decrease. The most prominent rate of growth was recorded in 2013 when exports increased by 131%. As a result, the exports attained the peak of $X. From 2014 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 other than of cellular rubber or plastics from Nepal, with a 68% share of total exports. Moreover, exports of mattresses other than of cellular rubber or plastics to China exceeded the volume sent to the second major destination, Bhutan (X units), more than tenfold. Brunei Darussalam (X units) ranked third in terms of total exports with a 1.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to China totaled -29.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bhutan (0.0% per year) and Brunei Darussalam (0.0% per year).

In value terms, China ($X) remains the key foreign market for mattresses other than of cellular rubber or plastics exports from Nepal, comprising 60% of total exports. The second position in the ranking was held by India ($X), with an 11% share of total exports. It was followed by Bhutan, with an 8.7% share.

From 2012 to 2022, the average annual growth rate of value to China totaled -30.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (-13.5% per year) and Bhutan (-2.8% 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, with an increase of 5.5% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 6.4%. Over the period under review, the average export prices hit record highs at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per unit), while the average price for exports to Denmark ($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 India (+13.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Mattresses other than of cellular rubber or plastics

Imports into Nepal

In 2022, imports of mattresses other than of cellular rubber or plastics into Nepal contracted markedly to X units, reducing by -15.9% compared with the previous year. Over the period under review, imports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2019 when imports increased by 176%. Imports peaked at X units in 2021, and then shrank rapidly in the following year.

In value terms, imports of mattresses other than of cellular rubber or plastics reduced to $X in 2022. In general, imports, however, enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2016 when imports increased by 83%. Imports peaked at $X in 2021, and then reduced in the following year.

Imports by Country

In 2022, India (X units) was the main mattresses other than of cellular rubber or plastics supplier to Nepal, with a 96% share of total imports. Moreover, imports of mattresses other than of cellular rubber or plastics from India exceeded the figures recorded by the second-largest supplier, China (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from India totaled +10.4%.

In value terms, India ($X) constituted the largest supplier of mattresses other than of cellular rubber or plastics to Nepal, comprising 87% of total imports. The second position in the ranking was taken by China ($X), with a 4% share of total imports.

From 2012 to 2022, the average annual growth rate of value from India totaled +15.9%.

Import Prices by Country

The average import price for mattresses other than of cellular rubber or plastics stood at $X per unit in 2022, surging by 3% against the previous year. In general, the import price continues to indicate notable growth. The most prominent rate of growth was recorded in 2015 when the average import price increased by 51% against the previous year. The import price peaked at $X per unit in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

Average prices varied somewhat 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 India totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+5.0%).

Source: IndexBox Platform