Sri Lanka: Market for Mattresses other than of cellular rubber or plastics 2024

Market Size for Mattresses other than of cellular rubber or plastics in Sri Lanka

The Sri Lankan market for mattresses other than of cellular rubber or plastics shrank markedly to $X in 2022, reducing by -16.4% against the previous year. Over the period under review, consumption, however, saw a strong increase. Consumption of peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Production of Mattresses other than of cellular rubber or plastics in Sri Lanka

In value terms, production of mattresses other than of cellular rubber or plastics totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.3% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2015 with an increase of 21% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production of growth remained at a lower figure.

Exports of Mattresses other than of cellular rubber or plastics

Exports from Sri Lanka

Exports of mattresses other than of cellular rubber or plastics from Sri Lanka expanded significantly to X units in 2022, with an increase of 14% against 2021. Over the period under review, exports, however, saw a abrupt shrinkage. The growth pace was the most rapid in 2015 when exports increased by 27%. Over the period under review, the exports of reached the maximum at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, exports of mattresses other than of cellular rubber or plastics shrank significantly to $X in 2022. In general, exports, however, faced a deep contraction. The most prominent rate of growth was recorded in 2014 with an increase of 39%. Over the period under review, the exports of reached the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units), Romania (X units) and Georgia (X units) were the main destinations of exports of mattresses other than of cellular rubber or plastics from Sri Lanka, together comprising 44% of total exports.

From 2012 to 2022, the biggest increases were recorded for Georgia (with a CAGR of +1,670.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), South Korea ($X) and Oman ($X) were the largest markets for mattresses other than of cellular rubber or plastics exported from Sri Lanka worldwide, with a combined 36% share of total exports. The UK, Germany, Japan, Romania, France, Georgia, the Netherlands and Lithuania lagged somewhat behind, together comprising a further 30%.

Among the main countries of destination, Georgia, with a CAGR of +126.4%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for mattresses other than of cellular rubber or plastics stood at $X per unit in 2022, with a decrease of -33.3% against the previous year. In general, the export price continues to indicate a mild descent. The most prominent rate of growth was recorded in 2014 when the average export price increased by 31%. Over the period under review, the average export prices attained the maximum at $X per unit in 2021, and then declined sharply in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per unit), while the average price for exports to Lithuania ($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 France (+9.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Mattresses other than of cellular rubber or plastics

Imports into Sri Lanka

In 2022, after two years of growth, there was significant decline in supplies from abroad of mattresses other than of cellular rubber or plastics, when their volume decreased by -58.7% to X units. Over the period under review, imports, however, saw perceptible growth. The most prominent rate of growth was recorded in 2013 when imports increased by 512%. Over the period under review, imports of reached the maximum at X units in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, imports of mattresses other than of cellular rubber or plastics shrank sharply to $X in 2022. In general, imports recorded a drastic downturn. The growth pace was the most rapid in 2013 when imports increased by 460%. Imports peaked at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X units) and India (X units) were the main suppliers of imports of mattresses other than of cellular rubber or plastics to Sri Lanka.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +47.4%).

In value terms, India ($X) constituted the largest supplier of mattresses other than of cellular rubber or plastics to Sri Lanka, comprising 76% of total imports. The second position in the ranking was taken by China ($X), with a 22% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from India totaled +40.6%.

Import Prices by Country

In 2022, the average import price for mattresses other than of cellular rubber or plastics amounted to $X per unit, falling by -44% against the previous year. Overall, the import price saw a abrupt curtailment. The pace of growth appeared the most rapid in 2021 an increase of 139% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per unit), while the price for China totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :