Thailand: Mattress Support Market 2024

Mattress Support Market Size in Thailand

The Thai mattress support market shrank to $X in 2021, with a decrease of -7% against the previous year. The market value increased at an average annual rate of +3.1% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Mattress support consumption peaked at $X in 2020, and then dropped in the following year.

Mattress Support Production in Thailand

In value terms, mattress support production dropped to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.0% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 when the production volume increased by 11%. Mattress support production peaked at $X in 2020, and then reduced modestly in the following year.

Mattress Support Exports

Exports from Thailand

In 2021, overseas shipments of mattress supports were finally on the rise to reach X units after eight years of decline. Over the period under review, exports, however, showed a abrupt contraction. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, mattress support exports surged to $X in 2021. Overall, exports, however, saw a perceptible shrinkage. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X units) was the main destination for mattress support exports from Thailand, accounting for a 51% share of total exports. Moreover, mattress support exports to the United Arab Emirates exceeded the volume sent to the second major destination, the United States (X units), twofold. The third position in this ranking was held by Myanmar (X units), with an 8.8% share.

From 2012 to 2021, the average annual growth rate of volume to the United Arab Emirates totaled +78.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-13.5% per year) and Myanmar (+18.7% per year).

In value terms, the largest markets for mattress support exported from Thailand were the United States ($X), the United Arab Emirates ($X) and India ($X), together accounting for 74% of total exports.

In terms of the main countries of destination, the United Arab Emirates, with a CAGR of +68.3%, saw the highest growth rate of 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 mattress support export price stood at $X per unit in 2021, picking up by 17% against the previous year. Overall, the export price continues to indicate strong growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by 19% against the previous year. The export price peaked in 2021 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Singapore ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+47.3%), while the prices for the other major destinations experienced more modest paces of growth.

Mattress Support Imports

Imports into Thailand

In 2021, overseas purchases of mattress supports decreased by -37% to X units, falling for the second year in a row after two years of growth. Over the period under review, imports, however, posted strong growth. The pace of growth was the most pronounced in 2018 with an increase of 263% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, mattress support imports dropped rapidly to $X in 2021. Overall, imports, however, showed prominent growth. The pace of growth appeared the most rapid in 2018 when imports increased by 215% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X units) was the main supplier of mattress support to Thailand, accounting for a 92% share of total imports. It was followed by Lithuania (X units), with a 2.5% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China stood at +7.6%.

In value terms, China ($X) constituted the largest supplier of mattress supports to Thailand, comprising 90% of total imports. The second position in the ranking was taken by Lithuania ($X), with a 2.8% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China totaled +9.0%.

Import Prices by Country

In 2021, the average mattress support import price amounted to $X per unit, picking up by 12% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 37%. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; afterwards, it flattened through to 2021.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Lithuania ($X per unit), while the price for China amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+1.4%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :