Report Update: May 1, 2024

Philippines - Mattress Supports - Market Analysis, Forecast, Size, Trends And Insights

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Mattress Support Price in the Philippines - 2023

Mattress Support Price in the Philippines (FOB) - 2022

In 2022, the average mattress support export price amounted to $76 per unit, shrinking by -3% against the previous year. In general, the export price saw a perceptible slump. The pace of growth appeared the most rapid in 2013 an increase of 51%. As a result, the export price attained the peak level of $166 per unit. From 2014 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($76 per unit), while the average price for exports to Marshall Islands amounted to $76 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Marshall Islands (+0.9%), while the prices for the other major destinations experienced a decline.

Mattress Support Price in the Philippines (CIF) - 2022

In 2022, the average mattress support import price amounted to $69 per unit, picking up by 17% against the previous year. Over the period under review, import price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +10.1% 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 +34.7% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by 103%. The import price peaked at $73 per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Japan ($69 per unit) and China ($69 per unit), while the price for Malaysia ($69 per unit) and Thailand ($69 per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+17.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Mattress Support Exports in the Philippines

Mattress support exports from the Philippines fell to 351K units in 2022, waning by -12.8% compared with the previous year. Overall, exports, however, showed significant growth. The growth pace was the most rapid in 2021 with an increase of 6,253%. As a result, the exports reached the peak of 402K units, and then shrank in the following year.

In value terms, mattress support exports shrank sharply to $27M in 2022. In general, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 6,293% against the previous year. As a result, the exports attained the peak of $32M, and then reduced remarkably in the following year.

Export of Mattress Support in the Philippines (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	2.4	0.2	31.5	26.3	122.1%
Others	0.2	0.3	0.1	0.5	35.7%
Total	2.6	0.5	31.6	26.7	117.4%

Top Export Markets for Mattress Support from the Philippines in 2022:

United States (344.8K units)

Mattress Support Imports in the Philippines

After three years of growth, purchases abroad of mattress supports decreased by -66.9% to 11K units in 2022. Overall, imports continue to indicate a abrupt contraction. The growth pace was the most rapid in 2021 with an increase of 111% against the previous year. As a result, imports reached the peak of 34K units, and then dropped markedly in the following year.

In value terms, mattress support imports dropped notably to $765K in 2022. In general, imports, however, saw a perceptible expansion. The growth pace was the most rapid in 2021 with an increase of 130%. As a result, imports reached the peak of $2M, and then fell markedly in the following year.

Import of Mattress Support in the Philippines (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	362	605	1,744	348	-1.3%
Germany	N/A	56.3	36.5	187	82.2%
Lithuania	N/A	N/A	12.9	62.4	383.7%
Thailand	44.5	12.2	19.6	59.7	10.3%
Taiwan (Chinese)	0.3	60.4	29.3	44.1	427.8%
Japan	18.6	26.2	9.7	32.8	20.8%
Denmark	116	56.3	106	N/A	-4.4%
Others	130	41.8	14.0	31.4	-37.7%
Total	671	858	1,972	765	4.5%

Top Suppliers of Mattress Support to the Philippines in 2022:

China (5.0K units)
Germany (2.7K units)
Lithuania (0.9K units)
Thailand (0.9K units)
Taiwan (Chinese) (0.6K units)
Japan (0.5K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the mattress support 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 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:

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
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