Russian Federation: Mattress Market 2024

Mattress Market Size in the Russian Federation

In 2022, after five years of growth, there was decline in the Russian mattress market, when its value decreased by -0.9% to $X. Overall, consumption, however, saw a prominent expansion. Mattress consumption peaked at $X in 2021, and then declined modestly in the following year.

Mattress Production in the Russian Federation

In value terms, mattress production amounted to $X in 2022 estimated in export price. In general, production, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2019 with an increase of 68% against the previous year. Mattress production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Mattress Exports

Exports from the Russian Federation

After four years of growth, overseas shipments of mattresses decreased by -6.4% to X units in 2022. Over the period under review, exports, however, continue to indicate prominent growth. The growth pace was the most rapid in 2020 when exports increased by 49% against the previous year. The exports peaked at X units in 2021, and then fell in the following year.

In value terms, mattress exports contracted to $X in 2022. In general, exports, however, enjoyed a remarkable increase. The growth pace was the most rapid in 2021 with an increase of 40% against the previous year. As a result, the exports attained the peak of $X, and then reduced in the following year.

Exports by Country

Kazakhstan (X units) was the main destination for mattress exports from Russia, accounting for a 47% share of total exports. Moreover, mattress exports to Kazakhstan exceeded the volume sent to the second major destination, Ukraine (X units), threefold. Belarus (X units) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to Kazakhstan amounted to +7.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+27.9% per year) and Belarus (+18.5% per year).

In value terms, Kazakhstan ($X), Ukraine ($X) and Uzbekistan ($X) constituted the largest markets for mattress exported from Russia worldwide, with a combined 62% share of total exports. Mongolia, Belarus, Latvia and Lithuania lagged somewhat behind, together comprising a further 22%.

Lithuania, with a CAGR of +177.5%, 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

The average mattress export price stood at $X per unit in 2022, with a decrease of -8.4% against the previous year. Over the period under review, the export price continues to indicate a pronounced decrease. The growth pace was the most rapid in 2019 an increase of 27% against the previous year. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, 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 Uzbekistan ($X per unit), while the average price for exports to Belarus ($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 Uzbekistan (+11.2%), while the prices for the other major destinations experienced more modest paces of growth.

Mattress Imports

Imports into the Russian Federation

Mattress imports into Russia declined to X units in 2022, waning by -8.3% on 2021 figures. In general, imports continue to indicate a perceptible descent. The most prominent rate of growth was recorded in 2019 with an increase of 40%. Imports peaked at X units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, mattress imports contracted to $X in 2022. Over the period under review, imports continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2019 with an increase of 29% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Belarus (X units) constituted the largest mattress supplier to Russia, accounting for a 56% share of total imports. Moreover, mattress imports from Belarus exceeded the figures recorded by the second-largest supplier, Poland (X units), threefold. The third position in this ranking was held by China (X units), with a 4.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Belarus stood at +4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+4.2% per year) and China (-12.4% per year).

In value terms, Belarus ($X) constituted the largest supplier of mattresses to Russia, comprising 39% of total imports. The second position in the ranking was taken by South Korea ($X), with a 15% share of total imports. It was followed by Vietnam, with a 5.3% share.

From 2012 to 2022, the average annual growth rate of value from Belarus amounted to -1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-14.2% per year) and Vietnam (+93.4% per year).

Import Prices by Country

The average mattress import price stood at $X per unit in 2022, leveling off at the previous year. Overall, the import price showed a abrupt contraction. The most prominent rate of growth was recorded in 2017 when the average import price increased by 13%. The import price peaked at $X per unit in 2012; however, from 2013 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 South Korea ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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