ASEAN: Mattress Support Market 2024

Mattress Support Market Size in ASEAN

The ASEAN mattress support market dropped to $X in 2022, which is down by X% against the previous year. The total consumption indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2016 indices. The level of consumption peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Mattress Support Production in ASEAN

In value terms, mattress support production reduced modestly to $X in 2022 estimated in export price. The total production indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2015 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Mattress Support Exports

Exports in ASEAN

In 2022, overseas shipments of mattress supports increased by X% to X units, rising for the fifth year in a row after two years of decline. Overall, exports saw a significant increase. The growth pace was the most rapid in 2019 with an increase of X%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, mattress support exports soared to $X in 2022. Over the period under review, exports saw significant growth. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Malaysia represented the major exporting country with an export of about X units, which reached X% of total exports. It was distantly followed by the Philippines (X units), Indonesia (X units) and Thailand (X units), together creating a X% share of total exports. Singapore (X units) and Cambodia (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to mattress support exports from Malaysia stood at X%. At the same time, the Philippines (X%), Cambodia (X%), Singapore (X%) and Indonesia (X%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2022. Thailand experienced a relatively flat trend pattern. From 2012 to 2022, the share of Malaysia and the Philippines increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest mattress support supplying countries in ASEAN were Malaysia ($X), the Philippines ($X) and Indonesia ($X), together comprising X% of total exports.

In terms of the main exporting countries, the Philippines, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per unit, falling by X% against the previous year. Export price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, mattress support export price increased by X% against 2020 indices. The growth pace was the most rapid in 2021 an increase of X%. The level of export peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

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 the Philippines ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other leaders experienced more modest paces of growth.

Mattress Support Imports

Imports in ASEAN

In 2022, approx. X units of mattress supports were imported in ASEAN; surging by X% against the previous year's figure. Over the period under review, imports posted a strong increase. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, mattress support imports expanded markedly to $X in 2022. In general, imports recorded a buoyant increase. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, Malaysia (X units) represented the major importer of mattress supports, creating X% of total imports. It was distantly followed by Singapore (X units), Indonesia (X units), Thailand (X units) and Vietnam (X units), together constituting a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to mattress support imports into Malaysia stood at X%. At the same time, Vietnam (X%), Indonesia (X%) and Singapore (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in ASEAN, with a CAGR of X% from 2012-2022. Thailand experienced a relatively flat trend pattern. While the share of Malaysia (X p.p.), Vietnam (X p.p.) and Indonesia (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Singapore (X p.p.) and Thailand (X p.p.) displayed negative dynamics.

In value terms, Malaysia ($X) constitutes the largest market for imported mattress supports in ASEAN, comprising X% of total imports. The second position in the ranking was taken by Singapore ($X), with a X% share of total imports. It was followed by Indonesia, with an X% share.

In Malaysia, mattress support imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Singapore (X% per year) and Indonesia (X% per year).

Import Prices by Country

The import price in ASEAN stood at $X per unit in 2022, shrinking by X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of X%. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Singapore ($X per unit), while Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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