Overview of the Global Market for Mattresses other than of cellular rubber or plastics

Market Size for Mattresses other than of cellular rubber or plastics

In 2022, the global market for mattresses other than of cellular rubber or plastics decreased by -20.1% to $X, falling for the fourth year in a row after two years of growth. Overall, consumption continues to indicate a perceptible shrinkage. Over the period under review, the global market hit record highs at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Mattresses other than of cellular rubber or plastics

In value terms, production of mattresses other than of cellular rubber or plastics fell slightly to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the production volume increased by 19%. Global production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Mattresses other than of cellular rubber or plastics

Exports

In 2022, overseas shipments of mattresses other than of cellular rubber or plastics increased by 31% to X units, rising for the fifth year in a row after five years of decline. Over the period under review, exports saw a prominent increase. The growth pace was the most rapid in 2021 when exports increased by 32%. Over the period under review, the global exports of reached the maximum in 2022 and are likely to see steady growth in the immediate term.

In value terms, exports of mattresses other than of cellular rubber or plastics dropped slightly to $X in 2022. Overall, total exports indicated buoyant growth 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, exports increased by +50.6% against 2014 indices. The pace of growth was the most pronounced in 2013 when exports increased by 15%. The global exports peaked at $X in 2021, and then reduced in the following year.

Exports by Country

China prevails in plastics structure, accounting for X units, which was approx. 60% of total exports in 2022. It was distantly followed by Poland (X units), achieving a 10% share of total exports. India (X units), Portugal (X units), Vietnam (X units), Romania (X units) and Turkey (X units) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +3.6% from 2012 to 2022. At the same time, Vietnam (+53.1%), Romania (+38.0%), Poland (+23.0%), Portugal (+14.3%) and Turkey (+13.5%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in the world, with a CAGR of +53.1% from 2012-2022. By contrast, India (-3.2%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Poland, Vietnam and Romania increased by +7.8, +2.5 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest mattresses other than of cellular rubber or plastics supplying countries worldwide were China ($X), Poland ($X) and Turkey ($X), together accounting for 31% of global exports. Vietnam, Portugal, Romania and India lagged somewhat behind, together comprising a further 13%.

In terms of the main exporting countries, Vietnam, with a CAGR of +35.2%, saw the highest growth rate of 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

The average export price for mattresses other than of cellular rubber or plastics stood at $X per unit in 2022, falling by -27.1% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 23%. The global export price peaked at $X per unit in 2019; however, from 2020 to 2022, the 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 Turkey ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+6.3%), while the other global leaders experienced mixed trends in the export price figures.

Imports of Mattresses other than of cellular rubber or plastics

Imports

In 2022, overseas purchases of mattresses other than of cellular rubber or plastics decreased by -12.7% to X units for the first time since 2015, thus ending a six-year rising trend. Overall, total imports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 26% against the previous year. Global imports peaked at X units in 2021, and then declined in the following year.

In value terms, imports of mattresses other than of cellular rubber or plastics shrank modestly to $X in 2022. In general, total imports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +6.0% 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 +52.2% against 2014 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 17%. As a result, imports reached the peak of $X, and then reduced slightly in the following year.

Imports by Country

The United States (X units) and Qatar (X units) represented roughly 23% of total imports in 2022. Germany (X units) held a 5.6% share (based on physical terms) of total imports, which put it in second place, followed by Australia (4.9%) and Japan (4.8%). The following importers - Thailand (X units), France (X units), the Netherlands (X units), Canada (X units), the UK (X units), India (X units), Vietnam (X units) and the Philippines (X units) - together made up 25% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Qatar (with a CAGR of +45.5%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest mattresses other than of cellular rubber or plastics importing markets worldwide were the United States ($X), Germany ($X) and Japan ($X), with a combined 29% share of global imports. France, Australia, the Netherlands, the UK, Canada, Vietnam, Thailand, India, the Philippines and Qatar lagged somewhat behind, together accounting for a further 26%.

Vietnam, with a CAGR of +22.2%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for mattresses other than of cellular rubber or plastics amounted to $X per unit, surging by 10% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. Over the period under review, average import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per unit), while Qatar ($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 (+9.7%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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