U.S.: Mattress Market 2024

Mattress Market Size in the U.S.

The U.S. mattress market stood at $X in 2022, almost unchanged from the previous year. The market value increased at an average annual rate of +3.0% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Mattress consumption peaked in 2022 and is expected to retain growth in the near future.

Mattress Production in the U.S.

In value terms, mattress production totaled $X in 2022. The total output value increased at an average annual rate of +1.4% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2021 when the production volume increased by 10%. Over the period under review, production reached the maximum level in 2022 and is likely to see gradual growth in the near future.

Mattress Exports

Exports from the U.S.

In 2022, shipments abroad of mattresses decreased by -7.1% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, total exports indicated a moderate expansion from 2012 to 2022: its volume increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +21.5% against 2014 indices. The pace of growth appeared the most rapid in 2014 with an increase of 28%. Over the period under review, the exports attained the maximum at X units in 2021, and then declined in the following year.

In value terms, mattress exports declined to $X in 2022. Overall, total exports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +4.3% against 2018 indices. The pace of growth was the most pronounced in 2021 with an increase of 18% against the previous year. As a result, the exports attained the peak of $X, and then declined in the following year.

Exports by Country

Canada (X units) was the main destination for mattress exports from the United States, accounting for a 77% share of total exports. Moreover, mattress exports to Canada exceeded the volume sent to the second major destination, Mexico (X units), more than tenfold. South Korea (X units) ranked third in terms of total exports with a 3.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Canada amounted to +5.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+6.0% per year) and South Korea (+23.4% per year).

In value terms, Canada ($X) remains the key foreign market for mattresses exports from the United States, comprising 76% of total exports. The second position in the ranking was held by Mexico ($X), with a 4.1% share of total exports. It was followed by South Korea, with a 3% share.

From 2012 to 2022, the average annual growth rate of value to Canada amounted to +6.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+6.2% per year) and South Korea (+22.3% per year).

Export Prices by Country

In 2022, the average mattress export price amounted to $X per unit, increasing by 3.7% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the average export price increased by 31% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2018; however, from 2019 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 Japan ($X per unit), while the average price for exports to Mexico ($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 Japan (+11.2%), while the prices for the other major destinations experienced more modest paces of growth.

Mattress Imports

Imports into the U.S.

In 2022, mattress imports into the United States reached X units, flattening at the year before. Overall, imports recorded strong growth. The pace of growth was the most pronounced in 2017 with an increase of 44%. Imports peaked at X units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, mattress imports rose rapidly to $X in 2022. In general, imports recorded a remarkable increase. The pace of growth appeared the most rapid in 2017 when imports increased by 50% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

Indonesia (X units), Mexico (X units) and Kosovo (X units) were the main suppliers of mattress imports to the United States, with a combined 59% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Kosovo (with a CAGR of +627.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest mattress suppliers to the United States were Indonesia ($X), Mexico ($X) and Taiwan (Chinese) ($X), together accounting for 63% of total imports. Kosovo, Spain, Vietnam, Canada, the Philippines, Poland, India, Slovenia, Bulgaria and Turkey lagged somewhat behind, together comprising a further 29%.

In terms of the main suppliers, Kosovo, with a CAGR of +608.0%, recorded the highest growth rate of 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

In 2022, the average mattress import price amounted to $X per unit, growing by 6.2% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per unit), while the price for Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+16.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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