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

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

For the seventh year in a row, the GCC market for mattresses other than of cellular rubber or plastics recorded growth in sales value, which increased by 41% to $X in 2022. Over the period under review, consumption saw a resilient increase. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in the near future.

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

In value terms, production of mattresses other than of cellular rubber or plastics reduced to $X in 2022 estimated in export price. In general, production, however, enjoyed a noticeable increase. The most prominent rate of growth was recorded in 2015 when the production volume increased by 196% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Exports of Mattresses other than of cellular rubber or plastics

Exports in GCC

In 2022, the amount of mattresses other than of cellular rubber or plastics exported in GCC reduced rapidly to X units, which is down by -15.4% compared with 2021 figures. Overall, exports, however, enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2013 when exports increased by 141% against the previous year. Over the period under review, the exports of hit record highs at X units in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, exports of mattresses other than of cellular rubber or plastics reduced markedly to $X in 2022. In general, exports, however, posted moderate growth. The most prominent rate of growth was recorded in 2013 with an increase of 83% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates prevails in plastics structure, accounting for X units, which was near 81% of total exports in 2022. It was distantly followed by Saudi Arabia (X units) and Oman (X units), together constituting a 19% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to mattresses other than of cellular rubber or plastics exports from the United Arab Emirates stood at +5.6%. At the same time, Oman (+14.3%) and Saudi Arabia (+5.7%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in GCC, with a CAGR of +14.3% from 2012-2022. From 2012 to 2022, the share of Oman increased by +4.7 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest mattresses other than of cellular rubber or plastics supplier in GCC, comprising 74% of total exports. The second position in the ranking was taken by Oman ($X), with a 14% share of total exports.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates amounted to +2.3%. In the other countries, the average annual rates were as follows: Oman (+17.6% per year) and Saudi Arabia (+8.8% per year).

Export Prices by Country

In 2022, the export price in GCC amounted to $X per unit, with a decrease of -8.3% against the previous year. In general, the export price continues to indicate a noticeable reduction. The pace of growth appeared the most rapid in 2017 an increase of 42%. Over the period under review, the export prices reached the maximum at $X per unit in 2012; however, from 2013 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 Oman ($X per unit), while the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+2.9%), while the other leaders experienced mixed trends in the export price figures.

Imports of Mattresses other than of cellular rubber or plastics

Imports in GCC

In 2022, overseas purchases of mattresses other than of cellular rubber or plastics increased by 55% to X units, rising for the sixth year in a row after two years of decline. Overall, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2017 when imports increased by 64% against the previous year. The volume of import peaked in 2022 and is likely to see steady growth in the immediate term.

In value terms, imports of mattresses other than of cellular rubber or plastics declined to $X in 2022. Total imports indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +2.6% 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 +4.2% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of 23% against the previous year. Over the period under review, imports of attained the peak figure at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

Qatar dominates plastics structure, accounting for X units, which was near 85% of total imports in 2022. It was distantly followed by the United Arab Emirates (X units), generating a 7.3% share of total imports. Bahrain (X units) and Kuwait (X units) followed a long way behind the leaders.

Qatar was also the fastest-growing in terms of the mattresses other than of cellular rubber or plastics imports, with a CAGR of +45.5% from 2012 to 2022. At the same time, Bahrain (+24.5%), Kuwait (+8.5%) and the United Arab Emirates (+1.8%) displayed positive paces of growth. From 2012 to 2022, the share of Qatar increased by +66 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported mattresses other than of cellular rubber or plastics in GCC, comprising 37% of total imports. The second position in the ranking was taken by Kuwait ($X), with a 17% share of total imports. It was followed by Qatar, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates totaled +4.9%. The remaining importing countries recorded the following average annual rates of imports growth: Kuwait (+8.2% per year) and Qatar (+3.1% per year).

Import Prices by Country

The import price in GCC stood at $X per unit in 2022, waning by -40.9% against the previous year. Over the period under review, the import price recorded a deep contraction. The most prominent rate of growth was recorded in 2015 an increase of 20%. The level of import peaked 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 the United Arab Emirates ($X per unit), while Qatar ($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 (+3.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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