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

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

After two years of growth, the Norwegian market for mattresses other than of cellular rubber or plastics decreased by -3.2% to $X in 2022. The market value increased at an average annual rate of +1.9% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level at $X in 2021, and then contracted slightly in the following year.

Exports of Mattresses other than of cellular rubber or plastics

Exports from Norway

In 2022, shipments abroad of mattresses other than of cellular rubber or plastics decreased by -3% to X units for the first time since 2018, thus ending a three-year rising trend. In general, exports recorded a noticeable curtailment. The pace of growth appeared the most rapid in 2020 with an increase of 39%. Over the period under review, the exports of hit record highs at X units in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of mattresses other than of cellular rubber or plastics shrank to $X in 2022. Overall, exports saw a deep downturn. The pace of growth was the most pronounced in 2020 when exports increased by 25%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Sweden (X units), Denmark (X units) and Germany (X units) were the main destinations of exports of mattresses other than of cellular rubber or plastics from Norway, with a combined 80% share of total exports. Finland, Spain, Switzerland, Iceland and the Netherlands lagged somewhat behind, together comprising a further 15%.

From 2012 to 2022, the biggest increases were recorded for Iceland (with a CAGR of +40.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X), Sweden ($X) and Germany ($X) were the largest markets for mattresses other than of cellular rubber or plastics exported from Norway worldwide, with a combined 78% share of total exports. Finland, Spain, the Netherlands, Switzerland and Iceland lagged somewhat behind, together accounting for a further 18%.

Iceland, with a CAGR of +38.4%, recorded 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

In 2022, the average export price for mattresses other than of cellular rubber or plastics amounted to $X per unit, falling by -9.3% against the previous year. Over the period under review, the export price showed a perceptible setback. The pace of growth was the most pronounced in 2017 when the average export price increased by 19%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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 the Netherlands ($X per unit), while the average price for exports to Sweden ($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 the Netherlands (+3.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Mattresses other than of cellular rubber or plastics

Imports into Norway

For the third consecutive year, Norway recorded growth in overseas purchases of mattresses other than of cellular rubber or plastics, which increased by 0.6% to X units in 2022. Over the period under review, imports, however, recorded a slight slump. The pace of growth appeared the most rapid in 2014 with an increase of 12% against the previous year. As a result, imports reached the peak of X units. From 2015 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of mattresses other than of cellular rubber or plastics fell to $X in 2022. The total import value increased at an average annual rate of +1.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 21%. Imports peaked at $X in 2021, and then fell in the following year.

Imports by Country

In 2022, Poland (X units) constituted the largest supplier of mattresses other than of cellular rubber or plastics to Norway, with a 44% share of total imports. Moreover, imports of mattresses other than of cellular rubber or plastics from Poland exceeded the figures recorded by the second-largest supplier, China (X units), threefold. Lithuania (X units) ranked third in terms of total imports with a 14% share.

From 2012 to 2022, the average annual growth rate of volume from Poland stood at -3.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+9.7% per year) and Lithuania (+9.8% per year).

In value terms, the largest mattresses other than of cellular rubber or plastics suppliers to Norway were Poland ($X), Lithuania ($X) and Denmark ($X), with a combined 82% share of total imports.

Lithuania, with a CAGR of +22.2%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for mattresses other than of cellular rubber or plastics stood at $X per unit in 2022, declining by -6% against the previous year. In general, import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +2.8% 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 other than of cellular rubber or plastics increased by +57.4% against 2015 indices. The pace of growth was the most pronounced in 2017 when the average import price increased by 33%. The import price peaked at $X per unit in 2021, and then reduced in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+11.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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