Philippines - Mattresses - Market Analysis, Forecast, Size, Trends and Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingMattress Price in the Philippines - 2023
Contents:
- Mattress Price in the Philippines (FOB) - 2022
- Mattress Price in the Philippines (CIF) - 2022
- Mattress Exports in the Philippines
- Mattress Imports in the Philippines
Mattress Price in the Philippines (FOB) - 2022
The average mattress export price stood at $176 per unit in 2022, increasing by 73% against the previous year. Overall, the export price showed a significant expansion. The most prominent rate of growth was recorded in 2013 when the average export price increased by 842%. The export price peaked in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($182 per unit), while the average price for exports to the United States stood at $69 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+29.0%).
Mattress Price in the Philippines (CIF) - 2022
The average mattress import price stood at $18 per unit in 2022, with an increase of 4.6% against the previous year. Overall, the import price, however, recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2014 an increase of 36%. As a result, import price attained the peak level of $49 per unit. From 2015 to 2022, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Malaysia ($89 per unit), while the price for Japan ($7.4 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (+37.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Mattress Exports in the Philippines
Mattress exports from the Philippines dropped dramatically to 161K units in 2022, with a decrease of -66.3% on the previous year's figure. Overall, exports saw a dramatic descent. The pace of growth appeared the most rapid in 2021 with an increase of 4,955%. The exports peaked at 748K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, mattress exports fell rapidly to $28M in 2022. Over the period under review, exports recorded a precipitous decrease. The most prominent rate of growth was recorded in 2021 with an increase of 27,928%. Over the period under review, the exports hit record highs at $68M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Mattress in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 68.0 | N/A | 46.6 | 28.0 | -25.6% |
| United States | 0.1 | 0.1 | 2.0 | 0.3 | 44.2% |
| Indonesia | 0.2 | N/A | N/A | N/A | 0% |
| Others | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Total | 68.3 | 0.2 | 48.7 | 28.4 | -25.4% |
Top Export Markets for Mattress from the Philippines in 2022:
- Netherlands (153.8K units)
- United States (4.6K units)
Mattress Imports in the Philippines
In 2022, mattress imports into the Philippines surged to 851K units, picking up by 22% on 2021 figures. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +9.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +71.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 41%. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the near future.
In value terms, mattress imports surged to $15M in 2022. In general, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +9.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +75.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 38%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.
| Import of Mattress in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 6.9 | 4.3 | 6.1 | 8.5 | 7.2% |
| Malaysia | 1.4 | 0.4 | 0.6 | 1.2 | -5.0% |
| Thailand | 0.5 | 0.3 | 1.0 | 1.2 | 33.9% |
| Belgium | 0.1 | 0.1 | 1.7 | 1.0 | 115.4% |
| Japan | 0.8 | 0.5 | 0.6 | 0.8 | 0.0% |
| Hong Kong SAR | N/A | 0.2 | N/A | 0.1 | -29.3% |
| Bangladesh | 0.2 | 0.9 | 0.1 | N/A | -29.3% |
| Others | 1.4 | 1.8 | 1.6 | 2.1 | 14.5% |
| Total | 11.3 | 8.5 | 11.8 | 15.0 | 9.9% |
Top Suppliers of Mattress to the Philippines in 2022:
- China (637.7K units)
- Japan (112.2K units)
- Belgium (17.2K units)
- Hong Kong SAR (15.2K units)
- Malaysia (13.0K units)
- Thailand (10.9K units)
- Bangladesh (1.6K units)
This report provides an in-depth analysis of the mattress market in the Philippines. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 31031230 - Mattresses of cellular rubber (including with a metal frame) (excluding water-mattresses, pneumatic mattresses)
- Prodcom 31031250 - Mattresses of cellular plastics (including with a metal frame) (excluding water-mattresses, pneumatic mattresses)
- Prodcom 31031270 - Mattresses with spring interiors (excluding of cellular rubber or plastics)
- Prodcom 31031290 - Mattresses (excluding with spring interiors, of cellular rubber or plastics)
Country coverage:
- Philippines
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Philippines
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
-
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
-
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
-
LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
880
This report provides an in-depth analysis of the mattress market in the Philippines.
353
This report provides an in-depth analysis of the mattress support market in the Philippines.
264
This report provides an in-depth analysis of the cellular rubber mattress market in the Philippines.
218
This report provides an in-depth analysis of the spring interior mattress market in the Philippines.
339
This report provides an in-depth analysis of the sleeping bag market in the Philippines.
191
This report provides an in-depth analysis of the market for mattresses of cellular rubber or plastics in the Philippines.
211
This report provides an in-depth analysis of the market for mattresses other than of cellular rubber or plastics in the Philippines.
155
This report provides an in-depth analysis of the market for bedding and furnishing article in the Philippines.
2224
This report provides an in-depth analysis of the global mattress market.
728
This report provides an in-depth analysis of the global mattress support market.
173
Explore the top import markets for mattresses in the world and discover key statistics and import values. Find out which countries lead the global market and why. Gain insights on market trends and dynamics using the IndexBox market intelligence platform.
375
The global mattress market is expected to reach $51.4 billion in 2030, growing with a CAGR of +3.0% from 2022 to 2030.
3268
In 2016, the global mattress imports totaled X tons, ascending by X% against the previous year figure. The total import volume increased at an average annual rate of +X% over the period from X>
1040
In 2016, the global mattress imports totaled X tons, ascending by X% against the previous year figure. The total import volume increased at an average annual rate of +X% over the period from X>
1286
With hundreds of new devices launched annually, new gadgets do not evoke nearly as much consumer excitement as in previous years. At the same time, some commodities are often left out of the technological frenzy, managing to preserve their traditional
136
Explore the top import markets for mattresses made of cellular rubber or plastics, including key statistics and market trends. Discover the leading countries and their import values according to IndexBox market intelligence platform.
173
Explore the top import markets for mattresses in the world and discover key statistics and import values. Find out which countries lead the global market and why. Gain insights on market trends and dynamics using the IndexBox market intelligence platform.
375
The global mattress market is expected to reach $51.4 billion in 2030, growing with a CAGR of +3.0% from 2022 to 2030.
3268
In 2016, the global mattress imports totaled X tons, ascending by X% against the previous year figure. The total import volume increased at an average annual rate of +X% over the period from X>
1040
In 2016, the global mattress imports totaled X tons, ascending by X% against the previous year figure. The total import volume increased at an average annual rate of +X% over the period from X>
