South Africa: Mattress Market 2024

Mattress Market Size in South Africa

The South African mattress market declined modestly to $X in 2022, falling by -1.9% against the previous year. The market value increased at an average annual rate of +2.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Mattress Production in South Africa

In value terms, mattress production contracted modestly to $X in 2022 estimated in export price. In general, the total production indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +3.0% 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 +1.8% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by 31%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Mattress Exports

Exports from South Africa

For the fourth year in a row, South Africa recorded growth in shipments abroad of mattresses, which increased by 30% to X units in 2022. Over the period under review, exports enjoyed strong growth. The pace of growth was the most pronounced in 2020 with an increase of 45% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, mattress exports expanded sharply to $X in 2022. The total export value increased at an average annual rate of +2.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when exports increased by 33% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Namibia (X units), Lesotho (X units) and Botswana (X units) were the main destinations of mattress exports from South Africa, together accounting for 68% of total exports. Mozambique, Swaziland, Zambia, Malawi and Zimbabwe lagged somewhat behind, together comprising a further 27%.

From 2012 to 2022, the biggest increases were recorded for Malawi (with a CAGR of +30.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for mattress exported from South Africa were Namibia ($X), Lesotho ($X) and Botswana ($X), with a combined 64% share of total exports. Zambia, Swaziland, Mozambique, Zimbabwe and Malawi lagged somewhat behind, together comprising a further 29%.

Malawi, with a CAGR of +19.7%, recorded the highest growth rate of the value of exports, among 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, falling by -16.2% against the previous year. Over the period under review, the export price showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2018 an increase of 52%. As a result, the export price attained the peak level of $X per unit. From 2019 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Zambia ($X per unit), while the average price for exports to Mozambique ($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 Somalia (+63.6%), while the prices for the other major destinations experienced mixed trend patterns.

Mattress Imports

Imports into South Africa

After three years of growth, supplies from abroad of mattresses decreased by -0.9% to X units in 2022. In general, imports saw a abrupt decrease. The most prominent rate of growth was recorded in 2020 with an increase of 60% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, mattress imports declined notably to $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 103% against the previous year. As a result, imports attained the peak of $X, and then contracted rapidly in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of mattress to South Africa, with a 89% share of total imports. It was followed by Denmark (X units), with a 1.7% share of total imports. The UK (X units) ranked third in terms of total imports with a 1.6% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to -4.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (-1.7% per year) and the UK (+26.7% per year).

In value terms, China ($X) constituted the largest supplier of mattresses to South Africa, comprising 54% of total imports. The second position in the ranking was taken by Denmark ($X), with a 19% share of total imports. It was followed by the UK, with a 5.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (-0.1% per year) and the UK (+13.0% per year).

Import Prices by Country

In 2022, the average mattress import price amounted to $X per unit, reducing by -23.3% against the previous year. Over the period under review, the import price, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2015 when the average import price increased by 53% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2019; however, from 2020 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 Denmark ($X per unit), while the price for Lesotho ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lesotho (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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