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

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

In 2022, the Thai market for mattresses other than of cellular rubber or plastics was finally on the rise to reach $X after three years of decline. In general, consumption posted a noticeable expansion. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Production of Mattresses other than of cellular rubber or plastics in Thailand

In value terms, production of mattresses other than of cellular rubber or plastics surged to $X in 2022 estimated in export price. Over the period under review, production posted a resilient increase. The most prominent rate of growth was recorded in 2018 with an increase of 2,164,969,500% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production of growth remained at a lower figure.

Exports of Mattresses other than of cellular rubber or plastics

Exports from Thailand

In 2022, the amount of mattresses other than of cellular rubber or plastics exported from Thailand rose remarkably to X units, increasing by 6.9% compared with 2021. Overall, exports showed strong growth. The pace of growth was the most pronounced in 2019 when exports increased by 138%. The exports peaked at X units in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, exports of mattresses other than of cellular rubber or plastics stood at $X in 2022. In general, exports saw resilient growth. The pace of growth appeared the most rapid in 2017 when exports increased by 63% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Lao People's Democratic Republic (X units) was the main destination for exports of mattresses other than of cellular rubber or plastics from Thailand, accounting for a 36% share of total exports. Moreover, exports of mattresses other than of cellular rubber or plastics to Lao People's Democratic Republic exceeded the volume sent to the second major destination, South Africa (X units), twofold. Cambodia (X units) ranked third in terms of total exports with a 14% share.

From 2012 to 2022, the average annual growth rate of volume to Lao People's Democratic Republic totaled +41.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (+23.0% per year) and Cambodia (+31.4% per year).

In value terms, China ($X), Lao People's Democratic Republic ($X) and Singapore ($X) constituted the largest markets for mattresses other than of cellular rubber or plastics exported from Thailand worldwide, with a combined 51% share of total exports. Cambodia, Hong Kong SAR, Myanmar, Germany, South Africa, the United States, South Korea and Canada lagged somewhat behind, together comprising a further 32%.

Myanmar, with a CAGR of +37.6%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for mattresses other than of cellular rubber or plastics amounted to $X per unit, stabilizing at the previous year. Over the period under review, the export price continues to indicate a noticeable reduction. The pace of growth appeared the most rapid in 2015 when the average export price increased by 38%. As a result, the export price attained the peak level of $X per unit. From 2016 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per unit), while the average price for exports to South Africa ($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 Canada (+28.2%), 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 Thailand

In 2022, imports of mattresses other than of cellular rubber or plastics into Thailand stood at X units, remaining relatively unchanged against the previous year's figure. In general, total imports indicated a pronounced increase from 2012 to 2022: its volume increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +98.4% against 2016 indices. The pace of growth was the most pronounced in 2019 when imports increased by 69%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, imports of mattresses other than of cellular rubber or plastics skyrocketed to $X in 2022. Overall, imports continue to indicate a strong increase. The growth pace was the most rapid in 2015 when imports increased by 58% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X units) was the main mattresses other than of cellular rubber or plastics supplier to Thailand, accounting for a 95% share of total imports. Moreover, imports of mattresses other than of cellular rubber or plastics from China exceeded the figures recorded by the second-largest supplier, Japan (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +3.8%.

In value terms, China ($X) constituted the largest supplier of mattresses other than of cellular rubber or plastics to Thailand, comprising 86% of total imports. The second position in the ranking was held by Japan ($X), with a 2.6% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +15.4%.

Import Prices by Country

In 2022, the average import price for mattresses other than of cellular rubber or plastics amounted to $X per unit, with an increase of 19% against the previous year. Over the period under review, the import price recorded a buoyant increase. The most prominent rate of growth was recorded in 2015 when the average import price increased by 97%. The import price peaked at $X per unit in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per unit), while the price for Japan amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+11.2%).

Source: IndexBox Platform

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