ASEAN: Market for Mattresses other than of cellular rubber or plastics 2024

Market Size for Mattresses other than of cellular rubber or plastics in ASEAN

After three years of decline, the ASEAN market for mattresses other than of cellular rubber or plastics increased by 9.5% to $X in 2022. Overall, consumption, however, recorded a mild decline. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Production of Mattresses other than of cellular rubber or plastics in ASEAN

In value terms, production of mattresses other than of cellular rubber or plastics totaled $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 27%. As a result, production reached the peak level of $X. From 2019 to 2022, production of growth failed to regain momentum.

Exports of Mattresses other than of cellular rubber or plastics

Exports in ASEAN

In 2022, shipments abroad of mattresses other than of cellular rubber or plastics increased by 55% to X units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2019 when exports increased by 144%. The volume of export peaked in 2022 and is likely to see gradual growth in the immediate term.

In value terms, exports of mattresses other than of cellular rubber or plastics skyrocketed to $X in 2022. Overall, exports enjoyed a prominent increase. The pace of growth was the most pronounced in 2019 with an increase of 95%. The level of export peaked in 2022 and is likely to continue growth in years to come.

Exports by Country

Vietnam was the largest exporter of mattresses other than of cellular rubber or plastics in ASEAN, with the volume of exports recording X units, which was near 46% of total exports in 2022. Indonesia (X units) ranks second in terms of the total exports with a 21% share, followed by Thailand (17%) and Malaysia (11%). The following exporters - the Philippines (X units) and Singapore (X units) - each amounted to a 3.9% share of total exports.

Vietnam was also the fastest-growing in terms of the mattresses other than of cellular rubber or plastics exports, with a CAGR of +53.1% from 2012 to 2022. At the same time, Indonesia (+24.0%), Singapore (+11.1%), Malaysia (+9.7%), the Philippines (+9.2%) and Thailand (+7.5%) displayed positive paces of growth. From 2012 to 2022, the share of Vietnam and Indonesia increased by +42 and +7.5 percentage points, respectively.

In value terms, the largest mattresses other than of cellular rubber or plastics supplying countries in ASEAN were Indonesia ($X), Vietnam ($X) and Malaysia ($X), together comprising 83% of total exports. Thailand, the Philippines and Singapore lagged somewhat behind, together accounting for a further 15%.

The Philippines, with a CAGR of +52.8%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in ASEAN stood at $X per unit in 2022, declining by -20.2% against the previous year. Overall, the export price, however, continues to indicate slight growth. The most prominent rate of growth was recorded in 2021 when the export price increased by 29% against the previous year. The level of export peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: 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 the Philippines (+39.9%), while the other leaders experienced more modest paces of growth.

Imports of Mattresses other than of cellular rubber or plastics

Imports in ASEAN

In 2022, approx. X units of mattresses other than of cellular rubber or plastics were imported in ASEAN; increasing by 4% on 2021. In general, imports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2019 when imports increased by 79% against the previous year. As a result, imports attained the peak of X units. From 2020 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of mattresses other than of cellular rubber or plastics rose markedly to $X in 2022. Overall, imports showed a resilient increase. The pace of growth appeared the most rapid in 2019 when imports increased by 60% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports of remained at a lower figure.

Imports by Country

In 2022, Thailand (X units), distantly followed by Vietnam (X units), the Philippines (X units), Malaysia (X units), Singapore (X units) and Myanmar (X units) were the largest importers of mattresses other than of cellular rubber or plastics, together making up 93% of total imports. Brunei Darussalam (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Myanmar (with a CAGR of +52.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), Vietnam ($X) and Thailand ($X) were the countries with the highest levels of imports in 2022, together accounting for 61% of total imports. Malaysia, the Philippines, Myanmar and Brunei Darussalam lagged somewhat behind, together accounting for a further 26%.

Myanmar, with a CAGR of +33.3%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per unit, rising by 4.5% against the previous year. Overall, the import price, however, saw a mild decline. The pace of growth appeared the most rapid in 2017 an increase of 8.4% against the previous year. As a result, import price attained the peak level of $X per unit. From 2018 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+9.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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