South-Eastern Asia: Market for Mattresses other than of cellular rubber or plastics 2025

Market Size for Mattresses other than of cellular rubber or plastics in South-Eastern Asia

In 2022, the Southeast Asian market for mattresses other than of cellular rubber or plastics was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. Overall, consumption, however, showed a mild curtailment. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Production of Mattresses other than of cellular rubber or plastics in South-Eastern Asia

In value terms, production of mattresses other than of cellular rubber or plastics stood at $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the production volume increased by 27%. As a result, production attained the peak level of $X. From 2019 to 2022, production of growth remained at a lower figure.

Exports of Mattresses other than of cellular rubber or plastics

Exports in South-Eastern Asia

In 2022, overseas shipments of mattresses other than of cellular rubber or plastics were finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. In general, exports saw prominent growth. The pace of growth appeared the most rapid in 2019 when exports increased by 144% against the previous year. The volume of export peaked in 2022 and is likely to see steady growth in years to come.

In value terms, exports of mattresses other than of cellular rubber or plastics surged to $X in 2022. Overall, exports recorded a buoyant increase. The most prominent rate of growth was recorded in 2019 when exports increased by 95% against the previous year. The level of export peaked in 2022 and is likely to continue growth in the near future.

Exports by Country

In 2022, Vietnam (X units) represented the main exporter of mattresses other than of cellular rubber or plastics, constituting 46% of total exports. Indonesia (X units) ranks second in terms of the total exports with a 21% share, followed by Thailand (17%) and Malaysia (11%). The following exporters - the Philippines (X units) and Singapore (X units) - each finished at a 3.9% share of total exports.

Vietnam was also the fastest-growing in terms of the mattresses other than of cellular rubber or plastics exports, with a CAGR of +53.1% from 2012 to 2022. At the same time, Indonesia (+24.0%), Singapore (+11.1%), Malaysia (+9.7%), the Philippines (+9.2%) and Thailand (+7.5%) displayed positive paces of growth. Vietnam (+42 p.p.) and Indonesia (+7.5 p.p.) significantly strengthened its position in terms of the total exports, while Singapore, the Philippines, Malaysia and Thailand saw its share reduced by -1.7%, -2.7%, -13.5% and -29.6% from 2012 to 2022, respectively.

In value terms, the largest mattresses other than of cellular rubber or plastics supplying countries in South-Eastern Asia were Indonesia ($X), Vietnam ($X) and Malaysia ($X), together comprising 83% of total exports. Thailand, the Philippines and Singapore lagged somewhat behind, together accounting for a further 15%.

The Philippines, with a CAGR of +52.8%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per unit, declining by -20.2% against the previous year. Overall, the export price, however, saw a slight expansion. The pace of growth was the most pronounced in 2021 an increase of 29%. The level of export peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Philippines ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+39.9%), while the other leaders experienced more modest paces of growth.

Imports of Mattresses other than of cellular rubber or plastics

Imports in South-Eastern Asia

Imports of mattresses other than of cellular rubber or plastics expanded to X units in 2022, increasing by 3.7% against the previous year. Overall, imports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2019 with an increase of 79%. As a result, imports attained the peak of X units; afterwards, it flattened through to 2022.

In value terms, imports of mattresses other than of cellular rubber or plastics rose remarkably to $X in 2022. Over the period under review, imports recorded a strong increase. The pace of growth appeared the most rapid in 2019 when imports increased by 60%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports of remained at a lower figure.

Imports by Country

In 2022, Thailand (X units), distantly followed by Vietnam (X units), the Philippines (X units), Malaysia (X units), Singapore (X units) and Myanmar (X units) represented the largest importers of mattresses other than of cellular rubber or plastics, together creating 93% of total imports. Brunei Darussalam (X units) held a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Myanmar (with a CAGR of +52.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest mattresses other than of cellular rubber or plastics importing markets in South-Eastern Asia were Singapore ($X), Vietnam ($X) and Thailand ($X), with a combined 60% share of total imports. Malaysia, the Philippines, Myanmar and Brunei Darussalam lagged somewhat behind, together accounting for a further 26%.

Among the main importing countries, Myanmar, with a CAGR of +33.3%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per unit in 2022, increasing by 4.3% against the previous year. In general, the import price, however, saw a mild decline. The pace of growth was the most pronounced in 2017 an increase of 8.2% against the previous year. The level of import peaked at $X per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Singapore ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+9.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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