Report Update: Apr 1, 2024

Sri Lanka - Mattress Supports - Market Analysis, Forecast, Size, Trends And Insights

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Mattress Support Price in Sri Lanka - 2021

Mattress Support Price in Sri Lanka (FOB) - 2022

In 2022, the average mattress support export price amounted to $134 per unit, rising by 29% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average export price increased by 59%. Over the period under review, the average export prices attained the peak figure at $152 per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($233 per unit), while the average price for exports to Taiwan (Chinese) ($90 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 China (+0.6%), while the prices for the other major destinations experienced a decline.

Mattress Support Price in Sri Lanka (CIF) - 2022

The average mattress support import price stood at $46 per unit in 2022, increasing by 15% against the previous year. Overall, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, mattress support import price increased by +34.0% against 2020 indices. The growth pace was the most rapid in 2013 an increase of 87% against the previous year. As a result, import price attained the peak level of $71 per unit. From 2014 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 India ($66 per unit), while the price for China amounted to $38 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+1.2%).

Mattress Support Exports in Sri Lanka

In 2022, overseas shipments of mattress supports were finally on the rise to reach 31K units after two years of decline. Overall, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, mattress support exports skyrocketed to $4.1M in 2022. In general, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Mattress Support in Sri Lanka (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	2.2	1.5	1.5	2,066	879.3%
United States	62.9	80.2	110	661	119.0%
Taiwan (Chinese)	74.0	62.6	73.3	447	82.1%
Canada	0.4	9.1	8.9	442	933.8%
South Korea	19.9	15.3	17.1	116	80.0%
Australia	6.0	2.4	8.5	77.5	134.6%
Malaysia	22.5	7.1	8.5	49.6	30.1%
India	11.9	7.7	22.3	36.0	44.6%
Hong Kong SAR	28.7	33.9	3.8	N/A	-63.6%
Others	72.1	47.7	56.8	217	44.4%
Total	301	267	310	4,113	139.1%

Top Export Markets for Mattress Support from Sri Lanka in 2022:

China (16.8K units)
Taiwan (Chinese) (5.0K units)
United States (2.8K units)
Canada (2.6K units)
South Korea (0.8K units)
Australia (0.7K units)
India (0.4K units)
Malaysia (0.4K units)

Mattress Support Imports in Sri Lanka

In 2022, the amount of mattress supports imported into Sri Lanka dropped notably to 4.4K units, with a decrease of -77.3% against 2021. In general, imports faced a sharp shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 188% against the previous year. As a result, imports reached the peak of 19K units, and then reduced remarkably in the following year.

In value terms, mattress support imports shrank dramatically to $205K in 2022. Overall, imports saw a dramatic curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 236%. Imports peaked at $846K in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Import of Mattress Support in Sri Lanka (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	403	134	453	143	-29.2%
India	14.0	0.5	85.3	37.6	39.0%
Macao SAR	38.7	N/A	N/A	N/A	0%
Pakistan	121	9.9	38.1	N/A	-43.9%
Turkey	9.4	5.2	11.7	N/A	11.6%
Others	260	83.5	196	24.3	-54.6%
Total	846	233	784	205	-37.7%

Top Suppliers of Mattress Support to Sri Lanka in 2022:

China (3.7K units)
India (0.6K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the mattress support market in Sri Lanka. 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:

Sri Lanka

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Sri Lanka
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
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. 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
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. 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
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. 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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. 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
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. 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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023