South-Eastern Asia: Mattress Support Market 2024

Mattress Support Market Size in South-Eastern Asia

The Southeast Asian mattress support market reduced to $X in 2022, shrinking by X% against the previous year. The total consumption indicated modest growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2016 indices. The level of consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Mattress Support Production in South-Eastern Asia

In value terms, mattress support production dropped to $X in 2022 estimated in export price. The total production indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

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Mattress Support Exports

Exports in South-Eastern Asia

In 2022, overseas shipments of mattress supports increased by X% to X units, rising for the fifth year in a row after two years of decline. In general, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2019 with an increase of X%. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, mattress support exports surged to $X in 2022. Overall, exports showed a significant increase. The growth pace was the most rapid in 2021 when exports increased by X%. The level of export peaked in 2022 and is likely to see gradual growth in the immediate term.

Exports by Country

In 2022, Malaysia (X units) was the key exporter of mattress supports, committing X% of total exports. The Philippines (X units) held the second position in the ranking, distantly followed by Indonesia (X units) and Thailand (X units). All these countries together took near X% share of total exports. The following exporters - Singapore (X units) and Cambodia (X units) - together made up X% of total exports.

Exports from Malaysia increased at an average annual rate of X% from 2012 to 2022. At the same time, the Philippines (X%), Cambodia (X%), Singapore (X%) and Indonesia (X%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2022. Thailand experienced a relatively flat trend pattern. While the share of Malaysia (X p.p.) and the Philippines (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Singapore (X p.p.), Indonesia (X p.p.) and Thailand (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest mattress support supplying countries in South-Eastern Asia were Malaysia ($X), the Philippines ($X) and Indonesia ($X), together accounting for X% of total exports.

Among the main exporting countries, the Philippines, with a CAGR of X%, 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

In 2022, the export price in South-Eastern Asia amounted to $X per unit, declining by X% against the previous year. Export price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, mattress support export price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. The level of export peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Philippines ($X per unit), while Thailand ($X per unit) was amongst the lowest.

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

Mattress Support Imports

Imports in South-Eastern Asia

In 2022, imports of mattress supports in South-Eastern Asia rose rapidly to X units, with an increase of X% compared with 2021. Over the period under review, imports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, mattress support imports expanded sharply to $X in 2022. Overall, imports continue to indicate prominent growth. The pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

Malaysia was the main importer of mattress supports in South-Eastern Asia, with the volume of imports resulting at X units, which was approx. X% of total imports in 2022. It was distantly followed by Singapore (X units), Indonesia (X units), Thailand (X units) and Vietnam (X units), together achieving a X% share of total imports.

Imports into Malaysia increased at an average annual rate of X% from 2012 to 2022. At the same time, Vietnam (X%), Indonesia (X%) and Singapore (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of X% from 2012-2022. Thailand experienced a relatively flat trend pattern. Malaysia (X p.p.), Vietnam (X p.p.) and Indonesia (X p.p.) significantly strengthened its position in terms of the total imports, while Singapore and Thailand saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Malaysia ($X) constitutes the largest market for imported mattress supports in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by Singapore ($X), with a X% share of total imports. It was followed by Indonesia, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Malaysia amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Singapore (X% per year) and Indonesia (X% per year).

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per unit, falling by X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the import price increased by X%. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the import prices remained at a somewhat 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 Singapore ($X per unit), while Malaysia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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