Norway: Mattress Support Market 2024

Mattress Support Market Size in Norway

In 2021, the Norwegian mattress support market decreased by -17.7% to $X, falling for the fifth consecutive year after two years of growth. Over the period under review, consumption showed a abrupt downturn. Mattress support consumption peaked at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Mattress Support Production in Norway

In value terms, mattress support production dropped significantly to $X in 2021 estimated in export price. Overall, production, however, showed a strong expansion. Mattress support production peaked at $X in 2020, and then dropped notably in the following year.

Mattress Support Exports

Exports from Norway

In 2021, approx. X units of mattress supports were exported from Norway; increasing by 2.6% against 2020. In general, exports showed significant growth. The most prominent rate of growth was recorded in 2015 when exports increased by 457%. The exports peaked at X units in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, mattress support exports soared to $X in 2021. Overall, exports saw a significant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 245% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

Denmark (X units), Sweden (X units) and Finland (X units) were the main destinations of mattress support exports from Norway, together comprising 80% of total exports. Germany, Switzerland, Spain and the Netherlands lagged somewhat behind, together comprising a further 16%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of +64.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for mattress support exported from Norway were Denmark ($X), Sweden ($X) and Finland ($X), together accounting for 75% of total exports. Germany, the Netherlands, Switzerland and Spain lagged somewhat behind, together accounting for a further 16%.

Spain, with a CAGR of +65.1%, saw the highest growth rate of the value of exports, in terms of 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

The average mattress support export price stood at $X per unit in 2021, growing by 27% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 46% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Germany ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+1.1%), while the prices for the other major destinations experienced more modest paces of growth.

Mattress Support Imports

Imports into Norway

In 2021, supplies from abroad of mattress supports decreased by -14% to X units, falling for the fifth consecutive year after two years of growth. Overall, imports showed a noticeable contraction. The pace of growth was the most pronounced in 2016 with an increase of 37% against the previous year. As a result, imports attained the peak of X units. From 2017 to 2021, the growth of imports failed to regain momentum.

In value terms, mattress support imports dropped modestly to $X in 2021. Over the period under review, imports recorded a mild descent. The most prominent rate of growth was recorded in 2013 with an increase of 32%. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

Denmark (X units), Lithuania (X units) and Sweden (X units) were the main suppliers of mattress support imports to Norway, with a combined 71% share of total imports. Poland, Estonia, Belarus and Germany lagged somewhat behind, together accounting for a further 25%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belarus (with a CAGR of +21.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X) constituted the largest supplier of mattress supports to Norway, comprising 41% of total imports. The second position in the ranking was held by Lithuania ($X), with an 18% share of total imports. It was followed by Sweden, with a 14% share.

From 2012 to 2021, the average annual growth rate of value from Denmark was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (+9.4% per year) and Sweden (-10.9% per year).

Import Prices by Country

In 2021, the average mattress support import price amounted to $X per unit, surging by 11% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.1%. The pace of growth was the most pronounced in 2014 when the average import price increased by 13%. The import price peaked in 2021 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Estonia ($X per unit), while the price for Belarus ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :