Northern America: Mattress Market 2024

Mattress Market Size in Northern America

The North American mattress market stood at $X in 2022, approximately equating the previous year. The market value increased at an average annual rate of +2.9% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2022 and is likely to see gradual growth in the immediate term.

Mattress Production in Northern America

In value terms, mattress production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.2% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 9.4%. The level of production peaked in 2022 and is likely to continue growth in the immediate term.

Mattress Exports

Exports in Northern America

In 2022, after six years of growth, there was decline in shipments abroad of mattresses, when their volume decreased by -3.5% to X units. Total exports indicated measured growth from 2012 to 2022: its volume increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +38.7% against 2014 indices. The growth pace was the most rapid in 2021 when exports increased by 19%. As a result, the exports attained the peak of X units, and then dropped slightly in the following year.

In value terms, mattress exports shrank to $X in 2022. Total exports indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +23.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 28%. As a result, the exports reached the peak of $X, and then declined in the following year.

Exports by Country

The United States was the key exporting country with an export of around X units, which amounted to 74% of total exports. It was distantly followed by Canada (X units), committing a 26% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to mattress exports from the United States stood at +4.5%. At the same time, Canada (+4.7%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +4.7% from 2012-2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) remains the largest mattress supplier in Northern America, comprising 82% of total exports. The second position in the ranking was held by Canada ($X), with an 18% share of total exports.

From 2012 to 2022, the average annual growth rate of value in the United States stood at +5.3%.

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per unit, waning by -2.7% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 29%. As a result, the export price attained the peak level of $X per unit. From 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while Canada stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+0.8%).

Mattress Imports

Imports in Northern America

In 2022, approx. X units of mattresses were imported in Northern America; flattening at the previous year's figure. In general, imports continue to indicate a resilient expansion. The growth pace was the most rapid in 2017 with an increase of 35%. Over the period under review, imports reached the maximum at X units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, mattress imports totaled $X in 2022. Over the period under review, imports recorded a remarkable increase. The most prominent rate of growth was recorded in 2017 with an increase of 46% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, the United States (X units) represented the key importer of mattresses, committing 86% of total imports. It was distantly followed by Canada (X units), comprising a 14% share of total imports.

The United States was also the fastest-growing in terms of the mattresses imports, with a CAGR of +14.0% from 2012 to 2022. At the same time, Canada (+2.0%) displayed positive paces of growth. From 2012 to 2022, the share of the United States increased by +19 percentage points.

In value terms, the United States ($X) constitutes the largest market for imported mattresses in Northern America, comprising 86% of total imports. The second position in the ranking was taken by Canada ($X), with a 14% share of total imports.

From 2012 to 2022, the average annual growth rate of value in the United States totaled +12.9%.

Import Prices by Country

The import price in Northern America stood at $X per unit in 2022, surging by 6.8% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 8%. The level of import peaked in 2022 and is likely to see gradual growth in the near future.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per unit), while the United States stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+3.9%).

Source: IndexBox Platform

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