Southern Asia: Mattress Support Market 2024

Mattress Support Market Size in Southern Asia

The South Asian mattress support market rose slightly to $X in 2021, with an increase of 3.5% against the previous year. The market value increased at an average annual rate of +2.1% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the market value increased by 7.4% against the previous year. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Mattress Support Production in Southern Asia

In value terms, mattress support production expanded slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.1% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2018 with an increase of 7.1% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Mattress Support Exports

Exports in Southern Asia

In 2021, overseas shipments of mattress supports were finally on the rise to reach X units after eight years of decline. Overall, exports, however, continue to indicate a sharp contraction. The volume of export peaked at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, mattress support exports surged to $X in 2021. Over the period under review, exports, however, faced a abrupt decline. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

India was the key exporter of mattress supports in Southern Asia, with the volume of exports accounting for X units, which was near 63% of total exports in 2021. Pakistan (X units) ranks second in terms of the total exports with a 29% share, followed by Bangladesh (4.5%). Sri Lanka (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to mattress support exports from India stood at -26.0%. At the same time, Pakistan (+42.1%) and Sri Lanka (+3.0%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +42.1% from 2012-2021. By contrast, Bangladesh (-26.4%) illustrated a downward trend over the same period. While the share of Pakistan (+29 p.p.) and Sri Lanka (+3 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Bangladesh (-2.4 p.p.) and India (-29.3 p.p.) displayed negative dynamics.

In value terms, India ($X) remains the largest mattress support supplier in Southern Asia, comprising 75% of total exports. The second position in the ranking was held by Pakistan ($X), with a 20% share of total exports. It was followed by Sri Lanka, with a 2.9% share.

From 2012 to 2021, the average annual growth rate of value in India amounted to -19.4%. In the other countries, the average annual rates were as follows: Pakistan (+39.1% per year) and Sri Lanka (-0.4% per year).

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per unit, picking up by 28% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +6.7%. The most prominent rate of growth was recorded in 2013 an increase of 32%. Over the period under review, the export prices reached the peak figure in 2021 and is likely to see steady growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was India ($X per unit), while Bangladesh ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+9.0%), while the other leaders experienced a decline in the export price figures.

Mattress Support Imports

Imports in Southern Asia

Mattress support imports soared to X units in 2021, growing by 36% against the previous year. In general, imports enjoyed a buoyant increase. The pace of growth was the most pronounced in 2019 when imports increased by 76%. As a result, imports reached the peak of X units. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, mattress support imports surged to $X in 2021. Total imports indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +3.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -23.4% against 2019 indices. The most prominent rate of growth was recorded in 2019 with an increase of 69%. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

India (X units) and Sri Lanka (X units) represented roughly 67% of total imports in 2021. It was distantly followed by Pakistan (X units) and Nepal (X units), together making up a 25% share of total imports. The following importers - Bangladesh (X units) and Bhutan (X units) - each accounted for a 7.6% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Pakistan (with a CAGR of +58.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X) constitutes the largest market for imported mattress supports in Southern Asia, comprising 44% of total imports. The second position in the ranking was held by Sri Lanka ($X), with a 21% share of total imports. It was followed by Pakistan, with a 16% share.

From 2012 to 2021, the average annual growth rate of value in India totaled -2.4%. In the other countries, the average annual rates were as follows: Sri Lanka (+5.7% per year) and Pakistan (+55.8% per year).

Import Prices by Country

In 2021, the import price in Southern Asia amounted to $X per unit, with an increase of 8.1% against the previous year. In general, the import price, however, recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2013 an increase of 15%. The level of import peaked at $X per unit in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Bhutan ($X per unit), while Sri Lanka ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bhutan (+7.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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