Pakistan: Mattress Market 2024

Mattress Market Size in Pakistan

The Pakistani mattress market contracted modestly to $X in 2022, reducing by -4.3% against the previous year. In general, the total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +4.9% against 2020 indices. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Mattress Production in Pakistan

In value terms, mattress production fell to $X in 2022 estimated in export price. Overall, the total production indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +4.5% against 2020 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by 28%. Mattress production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Mattress Exports

Exports from Pakistan

Mattress exports from Pakistan soared to X units in 2022, increasing by 215% compared with 2021. Over the period under review, exports continue to indicate buoyant growth. The pace of growth was the most pronounced in 2020 with an increase of 4,756%. As a result, the exports reached the peak of X units. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, mattress exports soared to $X in 2022. In general, exports saw a remarkable increase. The most prominent rate of growth was recorded in 2020 when exports increased by 5,239%. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Germany (X units) was the main destination for mattress exports from Pakistan, with a 65% share of total exports. Moreover, mattress exports to Germany exceeded the volume sent to the second major destination, the United Arab Emirates (X units), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany amounted to +42.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+10.4% per year) and Afghanistan (-19.6% per year).

In value terms, Germany ($X), the United Arab Emirates ($X) and Afghanistan ($X) constituted the largest markets for mattress exported from Pakistan worldwide.

Among the main countries of destination, Germany, with a CAGR of +32.3%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average mattress export price stood at $X per unit in 2022, picking up by 63% against the previous year. Overall, the export price recorded a mild expansion. The export price peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to Afghanistan ($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 United Arab Emirates (+2.9%), while the prices for the other major destinations experienced a decline.

Mattress Imports

Imports into Pakistan

In 2022, purchases abroad of mattresses increased by 11% to X units, rising for the second year in a row after two years of decline. Over the period under review, imports posted a significant increase. The growth pace was the most rapid in 2017 with an increase of 386% against the previous year. Imports peaked at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, mattress imports reached $X in 2022. Overall, imports posted prominent growth. The pace of growth was the most pronounced in 2015 with an increase of 328% against the previous year. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of mattress to Pakistan, with a 69% share of total imports. Moreover, mattress imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X units), threefold. The United Arab Emirates (X units) ranked third in terms of total imports with a 3.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +33.3%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+94.0% per year) and the United Arab Emirates (+1.1% per year).

In value terms, South Korea ($X), China ($X) and the United Arab Emirates ($X) appeared to be the largest mattress suppliers to Pakistan, with a combined 93% share of total imports.

South Korea, with a CAGR of +113.1%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average mattress import price amounted to $X per unit, remaining stable against the previous year. In general, the import price, however, continues to indicate a abrupt shrinkage. The growth pace was the most rapid in 2016 an increase of 36%. Over the period under review, average import prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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 the United Arab Emirates ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+9.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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