Thailand: Market for Mattresses of cellular rubber or plastics 2024

Market Size for Mattresses of cellular rubber or plastics in Thailand

The Thai market for mattresses of cellular rubber or plastics fell sharply to $X in 2022, reducing by -77.9% against the previous year. Overall, consumption saw a pronounced shrinkage. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Mattresses of cellular rubber or plastics in Thailand

In value terms, production of mattresses of cellular rubber or plastics expanded rapidly to $X in 2022 estimated in export price. Overall, production saw significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 55% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production of growth remained at a lower figure.

Exports of Mattresses of cellular rubber or plastics

Exports from Thailand

In 2022, exports of mattresses of cellular rubber or plastics from Thailand soared to X units, picking up by 52% on the previous year. Overall, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of 358% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of mattresses of cellular rubber or plastics fell slightly to $X in 2022. Over the period under review, exports continue to indicate significant growth. The growth pace was the most rapid in 2019 with an increase of 368%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for exports of mattresses of cellular rubber or plastics from Thailand, accounting for a 70% share of total exports. Moreover, exports of mattresses of cellular rubber or plastics to the United States exceeded the volume sent to the second major destination, China (X units), threefold. The third position in this ranking was held by South Korea (X units), with a 0.6% share.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to +82.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+143.8% per year) and South Korea (-11.4% per year).

In value terms, the largest markets for mattresses of cellular rubber or plastics exported from Thailand were the United States ($X), China ($X) and South Korea ($X), together accounting for 90% of total exports.

In terms of the main countries of destination, China, with a CAGR of +141.6%, 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 mixed trend patterns.

Export Prices by Country

In 2022, the average export price for mattresses of cellular rubber or plastics amounted to $X per unit, shrinking by -36.1% against the previous year. Overall, the export price showed a perceptible decrease. The pace of growth was the most pronounced in 2018 when the average export price increased by 42% against the previous year. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per unit), while the average price for exports to the United States ($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 Malaysia (+23.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Mattresses of cellular rubber or plastics

Imports into Thailand

In 2022, purchases abroad of mattresses of cellular rubber or plastics was finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Overall, imports posted prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of 135% against the previous year. Over the period under review, imports of hit record highs at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, imports of mattresses of cellular rubber or plastics surged to $X in 2022. Over the period under review, imports enjoyed a strong increase. The most prominent rate of growth was recorded in 2019 with an increase of 66%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports of remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of mattresses of cellular rubber or plastics to Thailand, accounting for a 87% share of total imports. Moreover, imports of mattresses of cellular rubber or plastics from China exceeded the figures recorded by the second-largest supplier, Indonesia (X units), more than tenfold. The third position in this ranking was taken by Vietnam (X units), with a 3.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +6.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+10.0% per year) and Vietnam (+39.4% per year).

In value terms, China ($X) constituted the largest supplier of mattresses of cellular rubber or plastics to Thailand, comprising 82% of total imports. The second position in the ranking was taken by Indonesia ($X), with a 6.3% share of total imports. It was followed by Japan, with a 2.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +8.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+12.8% per year) and Japan (+1.6% per year).

Import Prices by Country

In 2022, the average import price for mattresses of cellular rubber or plastics amounted to $X per unit, growing by 30% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 39%. Over the period under review, average import prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($X per unit), while the price for Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+11.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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