New Zealand: Market for Mattresses of cellular rubber or plastics 2024

Market Size for Mattresses of cellular rubber or plastics in New Zealand

In 2022, the New Zealand market for mattresses of cellular rubber or plastics increased by 11% to $X, rising for the third consecutive year after two years of decline. Overall, consumption showed a strong increase. Over the period under review, the market reached the maximum level in 2022 and is likely to continue growth in the immediate term.

Production of Mattresses of cellular rubber or plastics in New Zealand

In value terms, production of mattresses of cellular rubber or plastics stood at $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume decreased by 99.9%. Over the period under review, production of reached the maximum level in 2022 and is expected to retain growth in the near future.

Exports of Mattresses of cellular rubber or plastics

Exports from New Zealand

In 2022, shipments abroad of mattresses of cellular rubber or plastics decreased by -23.9% to X units, falling for the second consecutive year after two years of growth. Overall, exports showed a abrupt decrease. The growth pace was the most rapid in 2020 with an increase of 127%. Over the period under review, the exports of attained the maximum at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, exports of mattresses of cellular rubber or plastics dropped markedly to $X in 2022. In general, exports, however, posted a temperate expansion. The pace of growth was the most pronounced in 2013 when exports increased by 203% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

Australia (X units) was the main destination for exports of mattresses of cellular rubber or plastics from New Zealand, with a 62% share of total exports. Moreover, exports of mattresses of cellular rubber or plastics to Australia exceeded the volume sent to the second major destination, Fiji (X units), threefold. Cook Islands (X units) ranked third in terms of total exports with a 7.4% share.

From 2012 to 2022, the average annual growth rate of volume to Australia amounted to -7.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Fiji (-1.1% per year) and Cook Islands (+24.9% per year).

In value terms, Australia ($X) remains the key foreign market for mattresses of cellular rubber or plastics exports from New Zealand, comprising 83% of total exports. The second position in the ranking was taken by Cook Islands ($X), with a 6.8% share of total exports. It was followed by Fiji, with a 4.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Australia totaled +6.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cook Islands (+25.5% per year) and Fiji (-9.2% per year).

Export Prices by Country

The average export price for mattresses of cellular rubber or plastics stood at $X per unit in 2022, reducing by -12.1% against the previous year. In general, the export price, however, posted a strong expansion. The most prominent rate of growth was recorded in 2013 when the average export price increased by 122%. Over the period under review, the average export prices hit record highs at $X per unit in 2014; however, from 2015 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 China ($X per unit), while the average price for exports to Ireland ($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 Australia (+15.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Mattresses of cellular rubber or plastics

Imports into New Zealand

For the third consecutive year, New Zealand recorded growth in overseas purchases of mattresses of cellular rubber or plastics, which increased by 19% to X units in 2022. Over the period under review, imports saw a resilient expansion. The most prominent rate of growth was recorded in 2014 with an increase of 42%. Over the period under review, imports of attained the peak figure in 2022 and are likely to continue growth in the immediate term.

In value terms, imports of mattresses of cellular rubber or plastics rose remarkably to $X in 2022. In general, imports showed a strong expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 64% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, China (X units) constituted the largest mattresses of cellular rubber or plastics supplier to New Zealand, accounting for a 82% share of total imports. Moreover, imports of mattresses of cellular rubber or plastics from China exceeded the figures recorded by the second-largest supplier, Thailand (X units), tenfold. The third position in this ranking was held by Denmark (X units), with a 2.5% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +7.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+51.9% per year) and Denmark (+2.8% per year).

In value terms, China ($X) constituted the largest supplier of mattresses of cellular rubber or plastics to New Zealand, comprising 76% of total imports. The second position in the ranking was held by Denmark ($X), with an 11% share of total imports. It was followed by Thailand, with a 3.9% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +13.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (-0.2% per year) and Thailand (+60.4% per year).

Import Prices by Country

In 2022, the average import price for mattresses of cellular rubber or plastics amounted to $X per unit, dropping by -11% against the previous year. Over the period under review, import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for mattresses of cellular rubber or plastics increased by +52.4% against 2018 indices. The growth pace was the most rapid in 2020 when the average import price increased by 22%. Over the period under review, average import prices hit record highs at $X per unit in 2021, and then dropped in the following year.

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 Denmark ($X per unit), while the price for Thailand ($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 (+5.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :