Ukraine: Mattress Market 2024

Mattress Market Size in Ukraine

After six years of growth, the Ukrainian mattress market decreased by -3.7% to $X in 2022. In general, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2021, and then dropped in the following year.

Mattress Production in Ukraine

In value terms, mattress production reduced slightly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the production volume increased by 19%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Mattress Exports

Exports from Ukraine

Mattress exports from Ukraine shrank notably to X units in 2022, which is down by -51.4% on 2021. In general, exports showed a deep slump. The growth pace was the most rapid in 2019 with an increase of 163%. Over the period under review, the exports hit record highs at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, mattress exports dropped notably to $X in 2022. Over the period under review, exports saw a abrupt setback. The growth pace was the most rapid in 2019 when exports increased by 93%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Latvia (X units), Belgium (X units) and Moldova (X units) were the main destinations of mattress exports from Ukraine, with a combined 49% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +84.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Latvia ($X), Moldova ($X) and Belgium ($X) were the largest markets for mattress exported from Ukraine worldwide, together comprising 57% of total exports.

In terms of the main countries of destination, Belgium, with a CAGR of +86.9%, recorded 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

In 2022, the average mattress export price amounted to $X per unit, shrinking by -19.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2018 when the average export price increased by 47% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2020; however, from 2021 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 Slovenia ($X per unit), while the average price for exports to Lithuania ($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 Kazakhstan (+7.8%), while the prices for the other major destinations experienced more modest paces of growth.

Mattress Imports

Imports into Ukraine

In 2022, after two years of growth, there was significant decline in overseas purchases of mattresses, when their volume decreased by -50% to X units. Over the period under review, imports saw a perceptible decline. The growth pace was the most rapid in 2014 with an increase of 69%. As a result, imports reached the peak of X units. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, mattress imports dropped sharply to $X in 2022. Overall, imports recorded a mild contraction. The most prominent rate of growth was recorded in 2020 with an increase of 50%. Imports peaked at $X in 2021, and then shrank dramatically in the following year.

Imports by Country

Turkey (X units), Poland (X units) and China (X units) were the main suppliers of mattress imports to Ukraine, together comprising 67% of total imports. Spain, Slovakia, Italy, Russia and Belarus lagged somewhat behind, together comprising a further 24%.

From 2012 to 2022, the biggest increases were recorded for Slovakia (with a CAGR of +60.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Poland ($X) and China ($X) appeared to be the largest mattress suppliers to Ukraine, with a combined 67% share of total imports. Spain, Slovakia, Italy, Russia and Belarus lagged somewhat behind, together comprising a further 24%.

Slovakia, with a CAGR of +61.9%, recorded the highest growth rate of the value of imports, among the main suppliers 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 4.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.4%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 24%. Over the period under review, average import prices attained the maximum in 2022 and is likely to see gradual growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Slovakia ($X per unit) and China ($X per unit), while the price for Russia ($X per unit) and Belarus ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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