Report Update Nov 1, 2024

Singapore - Mattress Supports - Market Analysis, Forecast, Size, Trends and Insights

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Singapore: Mattress Support Market 2024

Mattress Support Market Size in Singapore

In 2021, the Singaporean mattress support market decreased by -13.8% to $X for the first time since 2017, thus ending a three-year rising trend. In general, consumption, however, showed a resilient increase. Mattress support consumption peaked at $X in 2020, and then fell in the following year.

Mattress Support Exports

Exports from Singapore

After three years of decline, overseas shipments of mattress supports increased by 57% to X units in 2021. Over the period under review, exports, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2017 with an increase of 198% against the previous year. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, mattress support exports skyrocketed to $X in 2021. Overall, exports, however, saw a deep slump. The growth pace was the most rapid in 2017 when exports increased by 166% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Indonesia (X units) was the main destination for mattress support exports from Singapore, with a 37% share of total exports. Moreover, mattress support exports to Indonesia exceeded the volume sent to the second major destination, Japan (X units), threefold. China (X units) ranked third in terms of total exports with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Indonesia stood at -12.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+41.0% per year) and China (+5.7% per year).

In value terms, Indonesia ($X) remains the key foreign market for mattress supports exports from Singapore, comprising 37% of total exports. The second position in the ranking was taken by Japan ($X), with a 13% share of total exports. It was followed by China, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Indonesia totaled -15.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+36.1% per year) and China (+2.0% per year).

Export Prices by Country

In 2021, the average mattress support export price amounted to $X per unit, shrinking by -6.2% against the previous year. Over the period under review, the export price showed a noticeable decrease. The most prominent rate of growth was recorded in 2019 when the average export price increased by 23%. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the countries with the highest prices were Brunei Darussalam ($X per unit) and the Philippines ($X per unit), while the average price for exports to Bangladesh ($X per unit) and the United States ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Maldives (-1.8%), while the prices for the other major destinations experienced a decline.

Mattress Support Imports

Imports into Singapore

After three years of growth, overseas purchases of mattress supports decreased by -20.2% to X units in 2021. In general, imports, however, posted a strong expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 66% against the previous year. As a result, imports attained the peak of X units, and then declined rapidly in the following year.

In value terms, mattress support imports declined slightly to $X in 2021. Overall, imports, however, showed a resilient increase. The pace of growth was the most pronounced in 2020 when imports increased by 75%. As a result, imports attained the peak of $X, and then dropped modestly in the following year.

Imports by Country

Malaysia (X units), China (X units) and Poland (X units) were the main suppliers of mattress support imports to Singapore, together comprising 90% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +33.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest mattress support suppliers to Singapore were Malaysia ($X), China ($X) and Lithuania ($X), together accounting for 90% of total imports.

Lithuania, with a CAGR of +33.4%, recorded the highest growth rate of 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 2021, the average mattress support import price amounted to $X per unit, with an increase of 19% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The import price peaked at $X per unit in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from China ($X per unit) and Malaysia ($X per unit), while the price for Poland ($X per unit) and Italy ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lithuania (+2.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for mattress supports in the world?

The countries with the highest volumes of mattress support consumption in 2021 were China, the United States and India, with a combined 39% share of global consumption.

What are the largest producers of mattress supports in the world?

The country with the largest volume of mattress support production was China, comprising approx. 23% of total volume. Moreover, mattress support production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. The third position in this ranking was occupied by India, with an 8.2% share.

What are the leading suppliers of mattress supports to Singapore?

In value terms, China, Malaysia and Indonesia were the largest mattress support suppliers to Singapore, together accounting for 85% of total imports. These countries were followed by the United States, Lithuania, Poland and the UK, which together accounted for a further 10%.

What are the leading importers of mattress supports from Singapore?

In value terms, Indonesia, Hong Kong SAR and Malaysia constituted the largest markets for mattress support exported from Singapore worldwide, together accounting for 83% of total exports.

What is the average export price for mattress supports in Singapore?

In 2021, the average mattress support export price amounted to $3.9 per unit, remaining constant against the previous year.

What is the average import price for mattress supports in Singapore?

The average mattress support import price stood at $2.8 per unit in 2021, which is down by -2.7% against the previous year.

This report provides an in-depth analysis of the mattress support market in Singapore. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 31031100 - Mattress supports (including wooden or metal frames fitted with springs or steel wire mesh, upholstered mattress bases, w ith wooden slats, divans)

Country coverage:

Singapore

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Singapore
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023