Turkey: Mattress Market 2024

Mattress Market Size in Turkey

In 2022, the Turkish mattress market increased by 5.3% to $X for the first time since 2019, thus ending a two-year declining trend. Overall, consumption, however, showed a relatively flat trend pattern. Mattress consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Mattress Production in Turkey

In value terms, mattress production dropped dramatically to $X in 2022 estimated in export price. In general, production, however, continues to indicate prominent growth. The growth pace was the most rapid in 2019 when the production volume increased by 65% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Mattress Exports

Exports from Turkey

After four years of growth, shipments abroad of mattresses decreased by -12.8% to X units in 2022. In general, exports, however, continue to indicate prominent growth. The pace of growth appeared the most rapid in 2019 when exports increased by 70%. Over the period under review, the exports hit record highs at X units in 2021, and then reduced in the following year.

In value terms, mattress exports declined to $X in 2022. Over the period under review, exports, however, recorded a buoyant expansion. The growth pace was the most rapid in 2019 when exports increased by 47%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

The UK (X units), Germany (X units) and the Netherlands (X units) were the main destinations of mattress exports from Turkey, with a combined 26% share of total exports. The United States, Ireland, Romania, France, Iraq, Italy, Belgium, Hungary, Greece and Poland lagged somewhat behind, together comprising a further 43%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +91.2%), while the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), Germany ($X) and the Netherlands ($X) constituted the largest markets for mattress exported from Turkey worldwide, with a combined 25% share of total exports. The United States, Romania, Ireland, France, Iraq, Italy, Belgium, Hungary, Greece and Poland lagged somewhat behind, together accounting for a further 43%.

Among the main countries of destination, Poland, with a CAGR of +92.0%, recorded 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 mattress export price stood at $X per unit in 2022, picking up by 2% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 39%. Over the period under review, the average export prices attained the maximum at $X per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Italy ($X per unit) and Romania ($X per unit), while the average price for exports to Ireland ($X per unit) and Hungary ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+1.1%), while the prices for the other major destinations experienced more modest paces of growth.

Mattress Imports

Imports into Turkey

In 2022, supplies from abroad of mattresses increased by 4.9% to X units, rising for the second year in a row after two years of decline. In general, total imports indicated a tangible expansion from 2012 to 2022: its volume increased at an average annual rate of +4.3% 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 +22.4% against 2020 indices. The pace of growth was the most pronounced in 2014 when imports increased by 54% against the previous year. As a result, imports attained the peak of X units. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, mattress imports expanded sharply to $X in 2022. The total import value increased at an average annual rate of +4.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 35%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Poland (X units), Romania (X units) and Denmark (X units) were the main suppliers of mattress imports to Turkey, with a combined 67% share of total imports. The UK, Slovenia, the United States, Germany, Croatia, Italy, Bulgaria, France and China lagged somewhat behind, together comprising a further 29%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Croatia (with a CAGR of +73.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Romania ($X) and Denmark ($X) appeared to be the largest mattress suppliers to Turkey, together accounting for 67% of total imports. The UK, Slovenia, the United States, Germany, Croatia, Italy, Bulgaria, France and China lagged somewhat behind, together comprising a further 29%.

In terms of the main suppliers, Croatia, with a CAGR of +82.2%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average mattress import price stood at $X per unit in 2022, surging by 1.5% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 20%. Over the period under review, average import prices reached the maximum in 2022 and is likely to see gradual growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Denmark ($X per unit) and Germany ($X per unit), while the price for the United States ($X per unit) and Croatia ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Croatia (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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