New Zealand: Market for Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows) 2022

Market Size for Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows) in New Zealand

In 2021, the New Zealand bedding and furnishing article market increased by 37% to $X, rising for the fourth consecutive year after two years of decline. In general, the total consumption indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +7.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +41.7% against 2017 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows)

Exports from New Zealand

In 2021, the amount of bedding and furnishing articles (quilts, eiderdowns, cushions, pouffes and pillows) exported from New Zealand soared to X tons, growing by 34% compared with the previous year's figure. Overall, exports posted a resilient expansion. The pace of growth was the most pronounced in 2016 when exports increased by 106% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, bedding and furnishing article exports soared to $X in 2021. Over the period under review, exports enjoyed strong growth. The pace of growth appeared the most rapid in 2018 with an increase of 104% against the previous year. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Australia (X tons), China (X tons) and Mexico (X tons) were the main destinations of bedding and furnishing article exports from New Zealand, with a combined 88% share of total exports. Japan and South Korea lagged somewhat behind, together accounting for a further 2.1%.

From 2012 to 2021, the biggest increases were in Japan (with a CAGR of +42.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for bedding and furnishing article exported from New Zealand were Australia ($X), China ($X) and Mexico ($X), together comprising 88% of total exports. These countries were followed by Japan and South Korea, which together accounted for a further 2.1%.

Japan, with a CAGR of +32.9%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average bedding and furnishing article export price amounted to $X per ton, rising by 27% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 46%. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2021, the countries with the highest prices were South Korea ($X per ton) and Australia ($X per ton), while the average price for exports to China ($X per ton) and Mexico ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+6.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows)

Imports into New Zealand

Bedding and furnishing article imports into New Zealand surged to X tons in 2021, jumping by 31% compared with the year before. The total import volume increased at an average annual rate of +6.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, bedding and furnishing article imports skyrocketed to $X in 2021. Over the period under review, total imports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +8.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of bedding and furnishing article to New Zealand, accounting for a 82% share of total imports. Moreover, bedding and furnishing article imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), more than tenfold. The third position in this ranking was taken by Australia (X tons), with a 2.8% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+13.0% per year) and Australia (+3.2% per year).

In value terms, China ($X) constituted the largest supplier of bedding and furnishing article to New Zealand, comprising 82% of total imports. The second position in the ranking was taken by India ($X), with a 6.1% share of total imports. It was followed by Australia, with a 2.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +8.4%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+11.6% per year) and Australia (+7.2% per year).

Import Prices by Country

In 2021, the average bedding and furnishing article import price amounted to $X per ton, with an increase of 7.8% against the previous year. Over the last nine years, it increased at an average annual rate of +2.3%. The most prominent rate of growth was recorded in 2015 an increase of 18%. Over the period under review, average import prices reached the maximum in 2021 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2021, the highest price was recorded for prices from Australia ($X per ton) and Pakistan ($X per ton), while the price for China ($X per ton) and India ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform