Asia: Mattress Support Market 2024

Mattress Support Market Size in Asia

The Asian mattress support market declined modestly to $X in 2022, reducing by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Mattress Support Production in Asia

In value terms, mattress support production reduced slightly to $X in 2022 estimated in export price. The total production indicated a measured 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, production increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

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Mattress Support Exports

Exports in Asia

In 2022, shipments abroad of mattress supports increased by X% to X units, rising for the second year in a row after two years of decline. Over the period under review, exports saw a strong increase. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, mattress support exports rose remarkably to $X in 2022. In general, exports saw prominent growth. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. 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

China dominates exports structure, accounting for X units, which was approx. X% of total exports in 2022. Turkey (X units) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Malaysia (X%) and India (X%). The Philippines (X units) took a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to mattress support exports from China stood at X%. At the same time, the Philippines (X%), Malaysia (X%) and Turkey (X%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. India experienced a relatively flat trend pattern. From 2012 to 2022, the share of Malaysia, Turkey and the Philippines increased by X, X and X percentage points, respectively.

In value terms, China ($X) remains the largest mattress support supplier in Asia, comprising X% of total exports. The second position in the ranking was held by India ($X), with a X% share of total exports. It was followed by Malaysia, with a X% share.

In China, mattress support exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: India (X% per year) and Malaysia (X% per year).

Export Prices by Country

The export price in Asia stood at $X per unit in 2022, declining by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2020 an increase of X%. Over the period under review, the export prices hit record highs at $X per unit in 2021, and then fell in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced mixed trends in the export price figures.

Mattress Support Imports

Imports in Asia

Mattress support imports dropped to X units in 2022, falling by X% against 2021 figures. In general, imports, however, enjoyed a prominent increase. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X units, and then contracted in the following year.

In value terms, mattress support imports reduced to $X in 2022. Overall, imports, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports reached the peak of $X, and then reduced in the following year.

Imports by Country

In 2022, Malaysia (X units) represented the major importer of mattress supports, constituting X% of total imports. South Korea (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by the United Arab Emirates (X%), Singapore (X%), Hong Kong SAR (X%) and China (X%). Indonesia (X units), Taiwan (Chinese) (X units), Qatar (X units), Thailand (X units), Vietnam (X units) and Macao SAR (X units) followed a long way behind the leaders.

Imports into Malaysia increased at an average annual rate of X% from 2012 to 2022. At the same time, South Korea (X%), Vietnam (X%), Macao SAR (X%), Indonesia (X%), Singapore (X%), China (X%), Hong Kong SAR (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2022. Thailand experienced a relatively flat trend pattern. By contrast, Qatar (X%) and Taiwan (Chinese) (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Malaysia, South Korea, Indonesia, Vietnam and Singapore increased by X, X, X, 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 importing markets in Asia were China ($X), Malaysia ($X) and South Korea ($X), together accounting for X% of total imports. Singapore, the United Arab Emirates, Hong Kong SAR, Indonesia, Macao SAR, Taiwan (Chinese), Vietnam, Thailand and Qatar lagged somewhat behind, together accounting for a further X%.

Macao SAR, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of 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

The import price in Asia stood at $X per unit in 2022, with a decrease of X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2021, and then fell slightly in the following year.

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

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

Source: IndexBox Platform

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