Singapore: Market for Mattresses of cellular rubber or plastics 2024

Market Size for Mattresses of cellular rubber or plastics in Singapore

In 2022, the Singaporean market for mattresses of cellular rubber or plastics decreased by -6.4% to $X, falling for the fourth year in a row after two years of growth. In general, consumption continues to indicate a abrupt contraction. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Production of Mattresses of cellular rubber or plastics in Singapore

In value terms, production of mattresses of cellular rubber or plastics totaled $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. Over the period under review, production of hit record highs in 2022 and is expected to retain growth in the near future.

Exports of Mattresses of cellular rubber or plastics

Exports from Singapore

In 2022, approx. X units of mattresses of cellular rubber or plastics were exported from Singapore; jumping by 76% against 2021 figures. In general, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 3,460% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of mattresses of cellular rubber or plastics surged to $X in 2022. Over the period under review, exports recorded significant growth. The pace of growth was the most pronounced in 2021 with an increase of 2,555% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

The United States (X units) was the main destination for exports of mattresses of cellular rubber or plastics from Singapore, accounting for a 96% share of total exports. It was followed by Indonesia (X units), with a 1.6% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled +125.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+24.1% per year) and Malaysia (+7.1% per year).

In value terms, the United States ($X) remains the key foreign market for mattresses of cellular rubber or plastics exports from Singapore, comprising 96% of total exports. The second position in the ranking was held by Indonesia ($X), with a 1.6% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States stood at +116.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+20.9% per year) and Malaysia (+4.3% per year).

Export Prices by Country

In 2022, the average export price for mattresses of cellular rubber or plastics amounted to $X per unit, standing approx. at the previous year. In general, the export price, however, recorded a noticeable reduction. The growth pace was the most rapid in 2017 an increase of 61%. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (-2.6%), while the prices for the other major destinations experienced a decline.

Imports of Mattresses of cellular rubber or plastics

Imports into Singapore

In 2022, supplies from abroad of mattresses of cellular rubber or plastics increased by 21% to X units, rising for the second year in a row after two years of decline. Over the period under review, imports enjoyed resilient growth. The pace of growth appeared the most rapid in 2021 with an increase of 98% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, imports of mattresses of cellular rubber or plastics skyrocketed to $X in 2022. In general, imports saw a prominent expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 129% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

Indonesia (X units), China (X units) and Denmark (X units) were the main suppliers of imports of mattresses of cellular rubber or plastics to Singapore, together accounting for 90% of total imports.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of +59.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X) constituted the largest supplier of mattresses of cellular rubber or plastics to Singapore, comprising 57% of total imports. The second position in the ranking was taken by China ($X), with an 18% share of total imports. It was followed by Denmark, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Indonesia totaled +64.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+6.9% per year) and Denmark (+14.0% per year).

Import Prices by Country

In 2022, the average import price for mattresses of cellular rubber or plastics amounted to $X per unit, rising by 1.6% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 25%. Over the period under review, average import prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Indonesia ($X per unit), while the price for China ($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 (+2.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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