Spain: Market for Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows) 2022

Market Size for Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows) in Spain

The Spanish bedding and furnishing article market was finally on the rise to reach $X in 2021, after two years of decline. The market value increased at an average annual rate of +3.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows) in Spain

In value terms, bedding and furnishing article production amounted to $X in 2021 estimated in export price. Overall, the total production indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +8.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -4.5% against 2018 indices. The pace of growth appeared the most rapid in 2014 when the production volume increased by 47%. Bedding and furnishing article production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Exports of Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows)

Exports from Spain

In 2021, overseas shipments of bedding and furnishing articles (quilts, eiderdowns, cushions, pouffes and pillows) increased by 12% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports recorded a buoyant expansion. The pace of growth was the most pronounced in 2016 when exports increased by 39%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, bedding and furnishing article exports skyrocketed to $X in 2021. Over the period under review, total exports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +10.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 47%. Over the period under review, the exports attained the peak figure in 2021 and are likely to continue growth in the near future.

Exports by Country

France (X tons), Portugal (X tons) and Italy (X tons) were the main destinations of bedding and furnishing article exports from Spain, with a combined 64% share of total exports. Germany, Morocco, Poland, Belgium, Egypt and the UK lagged somewhat behind, together comprising a further 15%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Egypt (with a CAGR of +46.3%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X) remains the key foreign market for bedding and furnishing article exports from Spain, comprising 36% of total exports. The second position in the ranking was held by Portugal ($X), with a 16% share of total exports. It was followed by Italy, with an 8.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to France stood at +14.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (+2.7% per year) and Italy (+11.7% per year).

Export Prices by Country

The average bedding and furnishing article export price stood at $X per ton in 2021, rising by 10% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2013 an increase of 16%. Over the period under review, the average export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Germany ($X per ton), while the average price for exports to Egypt ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+7.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows)

Imports into Spain

In 2021, purchases abroad of bedding and furnishing articles (quilts, eiderdowns, cushions, pouffes and pillows) increased by 33% to X tons for the first time since 2017, thus ending a three-year declining trend. Overall, total imports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, bedding and furnishing article imports surged to $X in 2021. The total import value increased at an average annual rate of +3.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of bedding and furnishing article to Spain, with a 51% share of total imports. Moreover, bedding and furnishing article imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), fivefold. The third position in this ranking was taken by Portugal (X tons), with a 7.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+16.4% per year) and Portugal (+12.8% per year).

In value terms, China ($X) constituted the largest supplier of bedding and furnishing article to Spain, comprising 49% of total imports. The second position in the ranking was taken by India ($X), with a 6.8% share of total imports. It was followed by Portugal, with a 6.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+8.2% per year) and Portugal (+10.9% per year).

Import Prices by Country

The average bedding and furnishing article import price stood at $X per ton in 2021, with an increase of 6.7% against the previous year. Over the period under review, the import price, however, recorded a mild descent. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was France ($X per ton), while the price for Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bulgaria (+1.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform