Hong Kong SAR, China - Mattress Supports - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMattress Support Price in Hong Kong SAR - 2023
Contents:
- Mattress Support Price in Hong Kong SAR (CIF) - 2023
- Mattress Support Price in Hong Kong SAR (FOB) - 2022
- Mattress Support Imports in Hong Kong SAR
- Mattress Support Exports in Hong Kong SAR
Mattress Support Price in Hong Kong SAR (CIF) - 2023
The average mattress support import price stood at $62.3 per unit in September 2023, with a decrease of -4.2% against the previous month. In general, the import price showed a slight decline. The most prominent rate of growth was recorded in March 2023 an increase of 6.3% against the previous month. As a result, import price reached the peak level of $78.1 per unit. From April 2023 to September 2023, the average import prices remained at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In September 2023, the country with the highest price was Vietnam ($72.5 per unit), while the price for China amounted to $61.3 per unit.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Vietnam (+0.1%).
Mattress Support Price in Hong Kong SAR (FOB) - 2022
In 2022, the average mattress support export price amounted to $82 per unit, dropping by -13.4% against the previous year. In general, the export price showed a deep contraction. The growth pace was the most rapid in 2018 when the average export price increased by 45%. The export price peaked at $144 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($160 per unit), while the average price for exports to China ($38 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+11.8%), while the prices for the other major destinations experienced mixed trend patterns.
Mattress Support Imports in Hong Kong SAR
In 2022, mattress support imports into Hong Kong SAR expanded rapidly to 115K units, growing by 11% compared with the year before. Overall, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +25.6% 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 +98.0% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 47%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, mattress support imports stood at $8M in 2022. Over the period under review, imports saw a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 49%. Imports peaked in 2022 and are likely to continue growth in years to come.
| Import of Mattress Support in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.7 | 4.7 | 6.7 | 7.7 | 41.8% |
| Others | 0.8 | 0.5 | 0.4 | 0.3 | -27.9% |
| Total | 3.5 | 5.2 | 7.1 | 8.0 | 31.7% |
Top Suppliers of Mattress Support to Hong Kong SAR in 2022:
- China (114.5K units)
Mattress Support Exports in Hong Kong SAR
In 2022, the amount of mattress supports exported from Hong Kong SAR declined markedly to 770 units, which is down by -71.3% on 2021 figures. Overall, exports recorded a dramatic shrinkage. The smallest decline of -33.4% was in 2021. The exports peaked at 12K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, mattress support exports declined dramatically to $63K in 2022. Over the period under review, exports showed a dramatic setback. The smallest decline of -13.1% was in 2021. The exports peaked at $895K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Mattress Support in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Macao SAR | 198 | 77.8 | 92.2 | 46.4 | -38.3% |
| China | 424 | 91.1 | 5.9 | 9.6 | -71.7% |
| United States | 255 | 118 | 146 | 6.1 | -71.2% |
| Others | 17.3 | 3.6 | 8.6 | 0.9 | -62.7% |
| Total | 895 | 291 | 253 | 62.9 | -58.7% |
Top Export Markets for Mattress Support from Hong Kong SAR in 2022:
- Macao SAR (474.0 units)
- China (251.0 units)
- United States (38.0 units)
This report provides an in-depth analysis of the mattress support market in Hong Kong SAR, China. 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 31031100 - Mattress supports (including wooden or metal frames fitted with springs or steel wire mesh, upholstered mattress bases, w ith wooden slats, divans)
Country coverage:
- Hong Kong SAR
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hong Kong SAR, China
- 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.
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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
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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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
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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
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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
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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
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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
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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
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