Asia-Pacific: Market for Mattresses other than of cellular rubber or plastics 2024

Market Size for Mattresses other than of cellular rubber or plastics in Asia-Pacific

In 2022, the Asia-Pacific market for mattresses other than of cellular rubber or plastics decreased by -10.3% to $X, falling for the fourth year in a row after seven years of growth. In general, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Production of Mattresses other than of cellular rubber or plastics in Asia-Pacific

In value terms, production of mattresses other than of cellular rubber or plastics declined to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.6% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The growth pace was the most rapid in 2013 with an increase of 29% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production of growth remained at a lower figure.

Exports of Mattresses other than of cellular rubber or plastics

Exports in Asia-Pacific

Exports of mattresses other than of cellular rubber or plastics surged to X units in 2022, increasing by 35% compared with the previous year. Total exports indicated a temperate increase from 2012 to 2022: its volume increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +113.3% against 2016 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of mattresses other than of cellular rubber or plastics rose significantly to $X in 2022. Total exports indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +1.2% against 2019 indices. The growth pace was the most rapid in 2019 when exports increased by 30%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

China prevails in plastics structure, accounting for X units, which was approx. 85% of total exports in 2022. It was distantly followed by India (X units), creating a 5.6% share of total exports. The following exporters - Vietnam (X units) and Indonesia (X units) - together made up 5.4% of total exports.

Exports from China increased at an average annual rate of +3.6% from 2012 to 2022. At the same time, Vietnam (+53.1%) and Indonesia (+24.0%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +53.1% from 2012-2022. By contrast, India (-3.2%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Vietnam increased by +3.6 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest mattresses other than of cellular rubber or plastics supplying countries in Asia-Pacific were China ($X), Indonesia ($X) and Vietnam ($X), with a combined 76% share of total exports.

In terms of the main exporting countries, Vietnam, with a CAGR of +35.2%, saw 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

In 2022, the export price in Asia-Pacific amounted to $X per unit, dropping by -20.1% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of 27%. As a result, the export price reached the peak level of $X per unit. From 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: 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 India (+6.3%), while the other leaders experienced mixed trends in the export price figures.

Imports of Mattresses other than of cellular rubber or plastics

Imports in Asia-Pacific

In 2022, approx. X units of mattresses other than of cellular rubber or plastics were imported in Asia-Pacific; surging by 5.8% compared with 2021 figures. Total imports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -8.5% against 2019 indices. The most prominent rate of growth was recorded in 2019 with an increase of 44% 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 stood at $X in 2022. Total imports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +7.1% 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 +98.9% against 2012 indices. The most prominent rate of growth was recorded in 2019 when imports increased by 17%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

The countries with the highest levels of imports of mattresses other than of cellular rubber or plastics in 2022 were Australia (X units), Japan (X units), Thailand (X units), India (X units), Vietnam (X units), the Philippines (X units), Malaysia (X units), Singapore (X units), Taiwan (Chinese) (X units), South Korea (X units), Myanmar (X units) and Hong Kong SAR (X units), together amounting to 90% of total import.

From 2012 to 2022, the biggest increases were recorded for Myanmar (with a CAGR of +52.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Australia ($X) and South Korea ($X) were the countries with the highest levels of imports in 2022, with a combined 60% share of total imports. Singapore, Hong Kong SAR, Taiwan (Chinese), Vietnam, Thailand, Malaysia, India, the Philippines and Myanmar lagged somewhat behind, together comprising a further 30%.

Among the main importing countries, Myanmar, with a CAGR of +33.3%, saw the highest growth rate of the value of imports, 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-Pacific amounted to $X per unit, shrinking by -2.1% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the import price increased by 13%. The level of import peaked at $X per unit in 2017; however, from 2018 to 2022, 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 Hong Kong SAR ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+9.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :