GCC: Market for Mattresses of cellular rubber or plastics 2024

Market Size for Mattresses of cellular rubber or plastics in GCC

After five years of growth, the GCC market for mattresses of cellular rubber or plastics decreased by -3.2% to $X in 2022. In general, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2021, and then contracted in the following year.

Production of Mattresses of cellular rubber or plastics in GCC

In value terms, production of mattresses of cellular rubber or plastics rose slightly to $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 23%. As a result, production reached the peak level of $X. From 2016 to 2022, production of growth remained at a lower figure.

Exports of Mattresses of cellular rubber or plastics

Exports in GCC

In 2022, overseas shipments of mattresses of cellular rubber or plastics increased by 0.9% to X units for the first time since 2018, thus ending a three-year declining trend. In general, exports continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2013 when exports increased by 129%. Over the period under review, the exports of hit record highs at X units in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of mattresses of cellular rubber or plastics stood at $X in 2022. Total exports indicated pronounced growth 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, exports decreased by -34.3% against 2016 indices. The most prominent rate of growth was recorded in 2013 with an increase of 72% against the previous year. Over the period under review, the exports of reached the maximum at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates represented the main exporting country with an export of around X units, which reached 59% of total exports. Oman (X units) held the second position in the ranking, distantly followed by Saudi Arabia (X units). All these countries together held approx. 39% share of total exports. Kuwait (X units) followed a long way behind the leaders.

Exports from the United Arab Emirates increased at an average annual rate of +10.6% from 2012 to 2022. At the same time, Saudi Arabia (+15.3%) and Kuwait (+13.3%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing exporter exported in GCC, with a CAGR of +15.3% from 2012-2022. Oman experienced a relatively flat trend pattern. While the share of the United Arab Emirates (+15 p.p.) and Saudi Arabia (+7.3 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Oman (-22.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest mattresses of cellular rubber or plastics supplier in GCC, comprising 60% of total exports. The second position in the ranking was taken by Oman ($X), with a 28% share of total exports. It was followed by Saudi Arabia, with a 10% share.

In the United Arab Emirates, exports of mattresses of cellular rubber or plastics expanded at an average annual rate of +5.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Oman (-0.5% per year) and Saudi Arabia (+13.5% per year).

Export Prices by Country

The export price in GCC stood at $X per unit in 2022, growing by 2.6% against the previous year. Overall, the export price, however, continues to indicate a noticeable downturn. The pace of growth was the most pronounced in 2020 an increase of 39%. Over the period under review, the export prices attained the peak figure at $X per unit in 2012; however, from 2013 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 Kuwait ($X per unit), while Saudi Arabia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (-1.3%), while the other leaders experienced a decline in the export price figures.

Imports of Mattresses of cellular rubber or plastics

Imports in GCC

Imports of mattresses of cellular rubber or plastics contracted sharply to X units in 2022, which is down by -17.8% against the year before. Total imports indicated a mild increase from 2012 to 2022: its volume increased at an average annual rate of +1.6% 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 -31.6% against 2019 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 34%. The volume of import peaked at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of mattresses of cellular rubber or plastics stood at $X in 2022. In general, imports showed a noticeable decline. The pace of growth appeared the most rapid in 2014 when imports increased by 16% against the previous year. Over the period under review, imports of attained the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

The United Arab Emirates (X units), Kuwait (X units) and Qatar (X units) represented roughly 75% of total imports in 2022. Bahrain (X units) ranks next in terms of the total imports with a 13% share, followed by Oman (12%).

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Kuwait (with a CAGR of +5.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest mattresses of cellular rubber or plastics importing markets in GCC were the United Arab Emirates ($X), Kuwait ($X) and Oman ($X), together comprising 53% of total imports.

In terms of the main importing countries, Kuwait, with a CAGR of +4.5%, recorded the highest rates of growth with regard to 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 GCC amounted to $X per unit, with an increase of 23% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible decrease. The pace of growth was the most pronounced in 2020 when the import price increased by 25%. Over the period under review, import prices reached the peak figure at $X per unit in 2012; however, from 2013 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 Oman ($X per unit), while Qatar ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+1.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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