Uzbekistan: Mattress Market 2024

Mattress Market Size in Uzbekistan

The Uzbek mattress market declined modestly to $X in 2022, almost unchanged from the previous year. In general, consumption, however, showed a prominent expansion. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Mattress Production in Uzbekistan

In value terms, mattress production shrank modestly to $X in 2022 estimated in export price. Overall, production, however, recorded buoyant growth. The pace of growth was the most pronounced in 2016 when the production volume increased by 48%. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Mattress Exports

Exports from Uzbekistan

Mattress exports from Uzbekistan expanded sharply to X units in 2022, increasing by 6% compared with the year before. In general, exports recorded a significant increase. The growth pace was the most rapid in 2021 when exports increased by 189% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, mattress exports shrank notably to $X in 2022. Overall, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 949%. As a result, the exports attained the peak of $X, and then contracted dramatically in the following year.

Exports by Country

Kyrgyzstan (X units) was the main destination for mattress exports from Uzbekistan, accounting for a 61% share of total exports. Moreover, mattress exports to Kyrgyzstan exceeded the volume sent to the second major destination, Kazakhstan (X units), twofold. The third position in this ranking was held by Tajikistan (X units), with a 4.7% share.

From 2017 to 2022, the average annual growth rate of volume to Kyrgyzstan amounted to +110.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (+223.1% per year) and Tajikistan (+30.6% per year).

In value terms, Kyrgyzstan ($X) emerged as the key foreign market for mattresses exports from Uzbekistan, comprising 77% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a 16% share of total exports. It was followed by Tajikistan, with a 4.7% share.

From 2017 to 2022, the average annual growth rate of value to Kyrgyzstan stood at +172.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (+128.1% per year) and Tajikistan (+32.2% per year).

Export Prices by Country

The average mattress export price stood at $X per unit in 2022, with a decrease of -63.4% against the previous year. Over the period under review, the export price, however, continues to indicate a significant increase. The pace of growth was the most pronounced in 2018 an increase of 705%. Over the period under review, the average export prices reached the maximum at $X per unit in 2021, and then contracted sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to the United States ($X per unit) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+59.0%), while the prices for the other major destinations experienced more modest paces of growth.

Mattress Imports

Imports into Uzbekistan

In 2022, the amount of mattresses imported into Uzbekistan surged to X units, jumping by 132% against 2021. In general, imports posted a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, mattress imports skyrocketed to $X in 2022. Over the period under review, imports showed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 210%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Turkey (X units), Russia (X units) and China (X units) were the main suppliers of mattress imports to Uzbekistan, together comprising 72% of total imports. Lithuania, the United Arab Emirates and Georgia lagged somewhat behind, together comprising a further 24%.

From 2017 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Lithuania (with a CAGR of +154.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Russia ($X) and Lithuania ($X) constituted the largest mattress suppliers to Uzbekistan, together comprising 81% of total imports.

Lithuania, with a CAGR of +180.7%, recorded the highest rates of growth with regard to 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, shrinking by -10% against the previous year. In general, the import price, however, showed strong growth. The most prominent rate of growth was recorded in 2019 an increase of 54%. The import price peaked at $X per unit in 2021, and then fell in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Lithuania ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by China (+17.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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