Western Africa: Mattress Market 2024

Mattress Market Size in Western Africa

The West African mattress market fell slightly to $X in 2022, which is down by -3.9% against the previous year. In general, consumption, however, enjoyed a resilient expansion. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Mattress Production in Western Africa

In value terms, mattress production contracted to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by 29%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Mattress Exports

Exports in Western Africa

In 2022, approx. X units of mattresses were exported in Western Africa; declining by -1.7% on the previous year. Overall, exports, however, recorded a pronounced increase. The growth pace was the most rapid in 2017 with an increase of 66%. As a result, the exports reached the peak of X units. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, mattress exports shrank modestly to $X in 2022. In general, exports, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 155% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Senegal (X units) represented the key exporter of mattresses, comprising 49% of total exports. Mali (X units) ranks second in terms of the total exports with a 30% share, followed by Togo (14%). Nigeria (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Senegal (with a CAGR of +53.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Senegal ($X) remains the largest mattress supplier in Western Africa, comprising 53% of total exports. The second position in the ranking was taken by Mali ($X), with a 26% share of total exports. It was followed by Togo, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Senegal totaled +55.6%. In the other countries, the average annual rates were as follows: Mali (+3.5% per year) and Togo (+14.2% per year).

Export Prices by Country

The export price in Western Africa stood at $X per unit in 2022, almost unchanged from the previous year. Export price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, mattress export price increased by +132.3% against 2016 indices. The pace of growth was the most pronounced in 2017 when the export price increased by 54% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Senegal ($X per unit) and Nigeria ($X per unit), while Mali ($X per unit) and Togo ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Togo (+1.5%), while the other leaders experienced more modest paces of growth.

Mattress Imports

Imports in Western Africa

In 2022, approx. X units of mattresses were imported in Western Africa; surging by 5.5% on the previous year's figure. In general, imports posted a remarkable increase. The growth pace was the most rapid in 2019 with an increase of 71%. The volume of import peaked in 2022 and is likely to see gradual growth in the near future.

In value terms, mattress imports amounted to $X in 2022. Over the period under review, imports posted a prominent increase. The most prominent rate of growth was recorded in 2019 when imports increased by 59% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Guinea (X units), distantly followed by Ghana (X units), Togo (X units), Burkina Faso (X units), Guinea-Bissau (X units), Cabo Verde (X units), Cote d'Ivoire (X units) and Mali (X units) represented the key importers of mattresses, together creating 85% of total imports.

From 2012 to 2022, the biggest increases were recorded for Togo (with a CAGR of +31.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest mattress importing markets in Western Africa were Guinea ($X), Togo ($X) and Guinea-Bissau ($X), together comprising 48% of total imports.

Togo, with a CAGR of +35.5%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per unit, falling by -2.9% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 25%. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Togo ($X per unit), while Burkina Faso ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Togo (+3.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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