Global Mattress Market 2024

Mattress Market Size

The global mattress market fell to $X in 2022, reducing by -2.8% against the previous year. The market value increased at an average annual rate of +2.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the global market reached the peak level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Mattress Production

In value terms, mattress production declined modestly to $X in 2022 estimated in export price. In general, the total production indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +6.3% against 2020 indices. The pace of growth appeared the most rapid in 2017 with an increase of 18% against the previous year. Over the period under review, global production attained the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Mattress Exports

Exports

In 2022, overseas shipments of mattresses increased by 15% to X units, rising for the sixth consecutive year after two years of decline. In general, total exports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +95.8% against 2016 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 32%. The global exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, mattress exports dropped slightly to $X in 2022. Overall, total exports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +52.6% against 2014 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 22%. As a result, the exports reached the peak of $X, and then shrank slightly in the following year.

Exports by Country

China dominates exports structure, reaching X units, which was near 58% of total exports in 2022. It was distantly followed by Poland (X units), making up a 9% share of total exports. The following exporters - India (X units), Indonesia (X units), Mexico (X units), Vietnam (X units), Portugal (X units), Germany (X units) and Romania (X units) - together made up 15% of total exports.

Exports from China increased at an average annual rate of +4.6% from 2012 to 2022. At the same time, Vietnam (+42.9%), Romania (+39.8%), Indonesia (+37.2%), Portugal (+14.5%), Poland (+9.6%) and Germany (+7.6%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in the world, with a CAGR of +42.9% from 2012-2022. By contrast, Mexico (-1.2%) and India (-3.0%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Poland, Indonesia, Vietnam and Romania increased by +2.9, +2.2, +2 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest mattress supplying countries worldwide were China ($X), Poland ($X) and Indonesia ($X), with a combined 38% share of global exports.

In terms of the main exporting countries, Indonesia, with a CAGR of +42.3%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average mattress export price amounted to $X per unit, which is down by -15.4% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 15%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+12.5%), while the other global leaders experienced more modest paces of growth.

Mattress Imports

Imports

In 2022, after two years of growth, there was significant decline in purchases abroad of mattresses, when their volume decreased by -24.9% to X units. In general, imports, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of 27% against the previous year. As a result, imports attained the peak of X units, and then declined remarkably in the following year.

In value terms, mattress imports declined slightly to $X in 2022. Over the period under review, total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +82.0% against 2012 indices. The pace of growth was the most pronounced in 2017 with an increase of 15% against the previous year. Over the period under review, global imports reached the peak figure at $X in 2021, and then contracted in the following year.

Imports by Country

The United States was the main importer of mattresses in the world, with the volume of imports reaching X units, which was approx. 22% of total imports in 2022. Germany (X units) took the second position in the ranking, followed by Qatar (X units). All these countries together took near 12% share of total imports. Japan (X units), Australia (X units), France (X units), Canada (X units), the Netherlands (X units), the UK (X units), Thailand (X units), India (X units), Switzerland (X units) and South Korea (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to mattress imports into the United States stood at +14.0%. At the same time, Qatar (+29.7%), India (+14.5%), the UK (+7.7%), the Netherlands (+6.7%), South Korea (+5.1%), Japan (+4.7%), Thailand (+4.4%), Germany (+4.1%), Switzerland (+3.7%), France (+2.2%), Australia (+2.1%) and Canada (+2.0%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in the world, with a CAGR of +29.7% from 2012-2022. From 2012 to 2022, the share of the United States and Qatar increased by +11 and +5.1 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported mattresses worldwide, comprising 23% of global imports. The second position in the ranking was held by Germany ($X), with an 8% share of global imports. It was followed by Japan, with a 5.5% share.

In the United States, mattress imports expanded at an average annual rate of +12.9% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+4.2% per year) and Japan (+4.9% per year).

Import Prices by Country

The average mattress import price stood at $X per unit in 2022, jumping by 29% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. Global import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 South Korea ($X per unit), while Qatar ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+8.3%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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