Overview of the Global Market for Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows)

Market Size for Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows)

The global bedding and furnishing article market was estimated at $X in 2022, increasing by 11% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the global market failed to regain momentum.

Production of Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows)

In value terms, bedding and furnishing article production soared to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.1% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when the production volume increased by 24%. As a result, production attained the peak level of $X. From 2017 to 2022, global production growth remained at a somewhat lower figure.

Exports of Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows)

Exports

In 2022, shipments abroad of bedding and furnishing articles (quilts, eiderdowns, cushions, pouffes and pillows) decreased by -32.1% to X tons for the first time since 2016, thus ending a five-year rising trend. In general, total exports indicated a modest increase from 2012 to 2022: its volume increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of 41%. The global exports peaked at X tons in 2021, and then shrank dramatically in the following year.

In value terms, bedding and furnishing article exports shrank markedly to $X in 2022. The total export value increased at an average annual rate of +1.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 23%. As a result, the exports reached the peak of $X, and then contracted dramatically in the following year.

Exports by Country

China dominates exports structure, recording X tons, which was near 65% of total exports in 2022. It was distantly followed by Poland (X tons), mixing up a 5.3% share of total exports. India (X tons), Germany (X tons), Bulgaria (X tons), the Netherlands (X tons), Turkey (X tons) and Estonia (X tons) followed a long way behind the leaders.

China experienced a relatively flat trend pattern with regard to volume of exports of bedding and furnishing articles (quilts, eiderdowns, cushions, pouffes and pillows). At the same time, Turkey (+13.0%), the Netherlands (+11.8%), Bulgaria (+8.7%), India (+8.4%) and Poland (+4.3%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in the world, with a CAGR of +13.0% from 2012-2022. Germany experienced a relatively flat trend pattern. By contrast, Estonia (-2.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of India increased by +2.2 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest bedding and furnishing article supplier worldwide, comprising 60% of global exports. The second position in the ranking was held by Poland ($X), with a 4.6% share of global exports. It was followed by India, with a 4% share.

In China, bedding and furnishing article exports increased at an average annual rate of +1.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Poland (+4.8% per year) and India (+9.1% per year).

Export Prices by Country

The average bedding and furnishing article export price stood at $X per ton in 2022, surging by 12% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average export price increased by 21%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while Estonia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+1.1%), while the other global leaders experienced more modest paces of growth.

Imports of Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows)

Imports

After two years of growth, purchases abroad of bedding and furnishing articles (quilts, eiderdowns, cushions, pouffes and pillows) decreased by -39.1% to X tons in 2022. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 17%. As a result, imports reached the peak of X tons, and then contracted dramatically in the following year.

In value terms, bedding and furnishing article imports contracted significantly to $X in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 27%. As a result, imports attained the peak of $X, and then contracted significantly in the following year.

Imports by Country

The United States was the major importer of bedding and furnishing articles (quilts, eiderdowns, cushions, pouffes and pillows) in the world, with the volume of imports reaching X tons, which was near 29% of total imports in 2022. Japan (X tons) ranks second in terms of the total imports with a 7.2% share, followed by Germany (6.7%) and the UK (4.7%). France (X tons), South Korea (X tons), Australia (X tons), Canada (X tons), the Netherlands (X tons), Poland (X tons), Spain (X tons), the United Arab Emirates (X tons) and Italy (X tons) took a little share of total imports.

Imports into the United States increased at an average annual rate of +2.4% from 2012 to 2022. At the same time, Poland (+8.1%), South Korea (+5.5%), France (+2.6%), the Netherlands (+2.4%), Germany (+2.1%), the UK (+1.7%), Italy (+1.5%) and Spain (+1.4%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing importer imported in the world, with a CAGR of +8.1% from 2012-2022. The United Arab Emirates and Australia experienced a relatively flat trend pattern. By contrast, Canada (-1.0%) and Japan (-4.4%) illustrated a downward trend over the same period. The United States (+4.5 p.p.) significantly strengthened its position in terms of the global imports, while Japan saw its share reduced by -4.8% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported bedding and furnishing articles (quilts, eiderdowns, cushions, pouffes and pillows) worldwide, comprising 24% of global imports. The second position in the ranking was taken by Japan ($X), with an 8.2% share of global imports. It was followed by Germany, with a 7.7% share.

In the United States, bedding and furnishing article imports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (-4.9% per year) and Germany (+1.3% per year).

Import Prices by Country

The average bedding and furnishing article import price stood at $X per ton in 2022, rising by 11% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. Global import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 Australia ($X per ton), while the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+4.1%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform