Pakistan: Mattress Support Market 2024

Mattress Support Market Size in Pakistan

The Pakistani mattress support market expanded markedly to $X in 2021, with an increase of 15% against the previous year. In general, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Mattress Support Production in Pakistan

In value terms, mattress support production surged to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the production volume increased by 21% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Mattress Support Exports

Exports from Pakistan

In 2021, approx. X units of mattress supports were exported from Pakistan; rising by 164% against the previous year's figure. In general, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 2,755%. The exports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, mattress support exports skyrocketed to $X in 2021. Overall, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 2,553% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

The United States (X units) was the main destination for mattress support exports from Pakistan, accounting for a 73% share of total exports. Moreover, mattress support exports to the United States exceeded the volume sent to the second major destination, Spain (X units), sixfold. The UK (X units) ranked third in terms of total exports with a 9.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to +217.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+28.8% per year) and the UK (+31.7% per year).

In value terms, the United States ($X) remains the key foreign market for mattress supports exports from Pakistan, comprising 73% of total exports. The second position in the ranking was taken by Spain ($X), with a 12% share of total exports. It was followed by the UK, with a 9.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to +214.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+28.7% per year) and the UK (+30.3% per year).

Export Prices by Country

In 2021, the average mattress support export price amounted to $X per unit, with an increase of 9% against the previous year. Overall, the export price, however, recorded a pronounced reduction. The growth pace was the most rapid in 2019 an increase of 23% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to the United Arab Emirates ($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 Spain (-0.1%), while the prices for the other major destinations experienced a decline.

Mattress Support Imports

Imports into Pakistan

In 2021, overseas purchases of mattress supports decreased by -21% to X units, falling for the second consecutive year after four years of growth. Overall, imports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2018 when imports increased by 297% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, mattress support imports declined markedly to $X in 2021. Over the period under review, imports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2018 with an increase of 284% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest supplier of mattress support to Pakistan, accounting for a 81% share of total imports. Moreover, mattress support imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), sixfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +58.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+48.9% per year) and the United Arab Emirates (+35.8% per year).

In value terms, China ($X) constituted the largest supplier of mattress supports to Pakistan, comprising 82% of total imports. The second position in the ranking was taken by the United States ($X), with a 15% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China stood at +58.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+45.7% per year) and the United Arab Emirates (+19.5% per year).

Import Prices by Country

The average mattress support import price stood at $X per unit in 2021, surging by 1.6% against the previous year. Over the period under review, the import price, however, recorded a slight curtailment. The pace of growth appeared the most rapid in 2019 when the average import price increased by 14% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+2.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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