Uruguay: Mattress Market 2024

Mattress Market Size in Uruguay

In 2022, the Uruguayan mattress market decreased by -1.1% to $X, falling for the second consecutive year after two years of growth. Over the period under review, the total consumption indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -8.1% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Mattress Production in Uruguay

In value terms, mattress production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 11%. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Mattress Exports

Exports from Uruguay

In 2022, overseas shipments of mattresses decreased by -2.9% to X units for the first time since 2019, thus ending a two-year rising trend. In general, exports continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2021 with an increase of 61%. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, mattress exports reduced sharply to $X in 2022. Over the period under review, exports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2020 when exports increased by 62% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Argentina (X units) was the main destination for mattress exports from Uruguay, with a 95% share of total exports. Moreover, mattress exports to Argentina exceeded the volume sent to the second major destination, the UK (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Argentina amounted to -15.2%.

In value terms, Argentina ($X) emerged as the key foreign market for mattresses exports from Uruguay, comprising 81% of total exports. The second position in the ranking was taken by the UK ($X), with a 19% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Argentina stood at -17.6%.

Export Prices by Country

In 2022, the average mattress export price amounted to $X per unit, declining by -57.6% against the previous year. In general, the export price recorded a perceptible decrease. The growth pace was the most rapid in 2018 an increase of 35%. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Argentina totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (-0.9%).

Mattress Imports

Imports into Uruguay

In 2022, overseas purchases of mattresses decreased by -7.6% to X units, falling for the second year in a row after two years of growth. Over the period under review, imports, however, recorded a strong increase. The pace of growth was the most pronounced in 2019 with an increase of 31% against the previous year. Imports peaked at X units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, mattress imports rose notably to $X in 2022. In general, imports, however, showed a resilient expansion. The growth pace was the most rapid in 2016 when imports increased by 22%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Brazil (X units) constituted the largest supplier of mattress to Uruguay, with a 77% share of total imports. Moreover, mattress imports from Brazil exceeded the figures recorded by the second-largest supplier, Argentina (X units), eightfold. The third position in this ranking was held by Paraguay (X units), with a 6.6% share.

From 2012 to 2022, the average annual growth rate of volume from Brazil stood at +29.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (-5.9% per year) and Paraguay (-7.8% per year).

In value terms, Brazil ($X) constituted the largest supplier of mattresses to Uruguay, comprising 79% of total imports. The second position in the ranking was held by Argentina ($X), with an 11% share of total imports. It was followed by Paraguay, with a 6.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Brazil stood at +22.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (-7.8% per year) and Paraguay (-6.1% per year).

Import Prices by Country

In 2022, the average mattress import price amounted to $X per unit, growing by 18% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. Over the period under review, average import prices attained the maximum at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a 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 Argentina ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+13.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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