Asia: Market for Mattresses of cellular rubber or plastics 2024

Market Size for Mattresses of cellular rubber or plastics in Asia

The Asian market for mattresses of cellular rubber or plastics shrank modestly to $X in 2022, approximately mirroring the previous year. Over the period under review, consumption recorded a noticeable setback. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Production of Mattresses of cellular rubber or plastics in Asia

In value terms, production of mattresses of cellular rubber or plastics reached $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 39%. The level of production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Exports of Mattresses of cellular rubber or plastics

Exports in Asia

In 2022, the amount of mattresses of cellular rubber or plastics exported in Asia stood at X units, increasing by 2.7% on the previous year. Overall, exports saw a remarkable increase. The most prominent rate of growth was recorded in 2014 with an increase of 54%. Over the period under review, the exports of attained the maximum in 2022 and are likely to see steady growth in the near future.

In value terms, exports of mattresses of cellular rubber or plastics expanded modestly to $X in 2022. In general, exports enjoyed buoyant growth. The growth pace was the most rapid in 2014 when exports increased by 35%. The level of export peaked in 2022 and is likely to see steady growth in the near future.

Exports by Country

China dominates plastics structure, finishing at X units, which was approx. 81% of total exports in 2022. It was distantly followed by Indonesia (X units), mixing up a 7% share of total exports. Thailand (X units) and Vietnam (X units) held a relatively small share of total exports.

Exports from China increased at an average annual rate of +7.5% from 2012 to 2022. At the same time, Indonesia (+80.1%), Thailand (+34.4%) and Vietnam (+27.2%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in Asia, with a CAGR of +80.1% from 2012-2022. Indonesia (+6.9 p.p.) and Thailand (+3.3 p.p.) significantly strengthened its position in terms of the total exports, while China saw its share reduced by -12.9% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest mattresses of cellular rubber or plastics supplying countries in Asia were China ($X), Indonesia ($X) and Thailand ($X), with a combined 80% share of total exports.

Among the main exporting countries, Indonesia, with a CAGR of +85.0%, recorded the highest growth rate of 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

The export price in Asia stood at $X per unit in 2022, therefore, remained relatively stable against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The growth pace was the most rapid in 2016 an increase of 27%. Over the period under review, the export prices attained the maximum at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

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 Indonesia ($X per unit), while China ($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 (+2.7%), while the other leaders experienced a decline in the export price figures.

Imports of Mattresses of cellular rubber or plastics

Imports in Asia

Imports of mattresses of cellular rubber or plastics shrank dramatically to X units in 2022, waning by -16.4% against the year before. Total imports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when imports increased by 28%. Over the period under review, imports of hit record highs at X units in 2021, and then shrank sharply in the following year.

In value terms, imports of mattresses of cellular rubber or plastics shrank to $X in 2022. Total imports indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.3% against 2013 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 19%. As a result, imports attained the peak of $X, and then fell in the following year.

Imports by Country

The purchases of the six major importers of mattresses of cellular rubber or plastics, namely Japan, South Korea, Malaysia, China, Hong Kong SAR and India, represented more than two-thirds of total import. The United Arab Emirates (X units), Thailand (X units), Singapore (X units), Taiwan (Chinese) (X units), Kuwait (X units), Qatar (X units) and Israel (X units) held a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by China (with a CAGR of +18.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), South Korea ($X) and China ($X) were the countries with the highest levels of imports in 2022, together accounting for 55% of total imports. Hong Kong SAR, Singapore, Taiwan (Chinese), the United Arab Emirates, Israel, Kuwait, Malaysia, Thailand, Qatar and India lagged somewhat behind, together comprising a further 30%.

Singapore, with a CAGR of +16.9%, saw the highest rates of growth with regard to 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 Asia amounted to $X per unit, rising by 6.5% against the previous year. Over the period under review, the import price, however, continues to indicate a pronounced downturn. The pace of growth appeared the most rapid in 2020 when the import price increased by 9.3% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+2.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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