Thailand: 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 Thailand

The Thai bedding and furnishing article market totaled $X in 2021, increasing by 3.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption enjoyed a strong expansion. Bedding and furnishing article consumption peaked at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

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

Exports from Thailand

Bedding and furnishing article exports from Thailand expanded significantly to X tons in 2021, with an increase of 8.8% on the previous year. In general, exports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2016 with an increase of 67%. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, bedding and furnishing article exports expanded remarkably to $X in 2021. Over the period under review, exports posted a notable expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 44%. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for bedding and furnishing article exports from Thailand, accounting for a 39% share of total exports. Moreover, bedding and furnishing article exports to China exceeded the volume sent to the second major destination, the United States (X tons), twofold. The third position in this ranking was held by Cambodia (X tons), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China stood at +67.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+13.6% per year) and Cambodia (+63.9% per year).

In value terms, China ($X) remains the key foreign market for bedding and furnishing article exports from Thailand, comprising 46% of total exports. The second position in the ranking was held by the United States ($X), with a 16% share of total exports. It was followed by Cambodia, with a 5.7% share.

From 2012 to 2021, the average annual growth rate of value to China amounted to +62.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+11.8% per year) and Cambodia (+45.1% per year).

Export Prices by Country

In 2021, the average bedding and furnishing article export price amounted to $X per ton, remaining stable against the previous year. In general, the export price showed a noticeable slump. The most prominent rate of growth was recorded in 2013 when the average export price increased by 16% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Japan ($X per ton), while the average price for exports to Cambodia ($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 South Korea (+10.6%), while the prices for the other major destinations experienced mixed trend patterns.

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

Imports into Thailand

In 2021, bedding and furnishing article imports into Thailand rose markedly to X tons, growing by 6.6% compared with 2020 figures. Over the period under review, imports recorded strong growth. The most prominent rate of growth was recorded in 2020 when imports increased by 59% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, bedding and furnishing article imports rose remarkably to $X in 2021. Overall, imports continue to indicate a prominent increase. The growth pace was the most rapid in 2015 with an increase of 54%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) was the main supplier of bedding and furnishing article to Thailand, accounting for a 95% share of total imports. It was followed by Norway (X tons), with a 1.7% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +11.1%.

In value terms, China ($X) constituted the largest supplier of bedding and furnishing article to Thailand, comprising 74% of total imports. The second position in the ranking was held by Norway ($X), with a 16% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +7.4%.

Import Prices by Country

In 2021, the average bedding and furnishing article import price amounted to $X per ton, therefore, remained relatively stable against the previous year. In general, the import price showed a perceptible curtailment. The most prominent rate of growth was recorded in 2019 when the average import price increased by 44% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Norway ($X per ton), while the price for China stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (+38.4%).

Source: IndexBox Platform