South-Eastern Asia: Market for Mattresses of cellular rubber or plastics 2024

Market Size for Mattresses of cellular rubber or plastics in South-Eastern Asia

In 2022, after four years of decline, there was significant growth in the Southeast Asian market for mattresses of cellular rubber or plastics, when its value increased by 19% to $X. Over the period under review, consumption recorded a drastic downturn. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Mattresses of cellular rubber or plastics in South-Eastern Asia

In value terms, production of mattresses of cellular rubber or plastics reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when the production volume increased by 20% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Mattresses of cellular rubber or plastics

Exports in South-Eastern Asia

Exports of mattresses of cellular rubber or plastics skyrocketed to X units in 2022, jumping by 28% against the year before. Overall, exports recorded significant growth. The pace of growth was the most pronounced in 2019 when exports increased by 231% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, exports of mattresses of cellular rubber or plastics skyrocketed to $X in 2022. In general, exports posted a significant expansion. The pace of growth appeared the most rapid in 2019 with an increase of 273% against the previous year. The level of export peaked in 2022 and is likely to continue growth in the near future.

Exports by Country

In 2022, Indonesia (X units) was the major exporter of mattresses of cellular rubber or plastics, achieving 48% of total exports. Thailand (X units) took the second position in the ranking, distantly followed by Vietnam (X units) and Malaysia (X units). All these countries together took approx. 45% share of total exports. Singapore (X units) and Myanmar (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Indonesia (with a CAGR of +80.1%), while the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X) remains the largest mattresses of cellular rubber or plastics supplier in South-Eastern Asia, comprising 70% of total exports. The second position in the ranking was held by Thailand ($X), with a 9.8% share of total exports. It was followed by Vietnam, with a 9.3% share.

In Indonesia, exports of mattresses of cellular rubber or plastics increased at an average annual rate of +85.0% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (+29.9% per year) and Vietnam (+24.5% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per unit, rising by 4.6% against the previous year. Over the last decade, it increased at an average annual rate of +2.3%. The growth pace was the most rapid in 2021 an increase of 18%. The level of export peaked in 2022 and is likely to continue growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Myanmar (+39.9%), while the other leaders experienced mixed trends in the export price figures.

Imports of Mattresses of cellular rubber or plastics

Imports in South-Eastern Asia

In 2022, imports of mattresses of cellular rubber or plastics in South-Eastern Asia declined remarkably to X units, waning by -20.9% against the previous year. Over the period under review, imports, however, showed strong growth. The pace of growth appeared the most rapid in 2021 when imports increased by 126%. As a result, imports reached the peak of X units, and then fell sharply in the following year.

In value terms, imports of mattresses of cellular rubber or plastics dropped to $X in 2022. Overall, imports, however, posted prominent growth. The growth pace was the most rapid in 2021 when imports increased by 101%. As a result, imports attained the peak of $X, and then declined in the following year.

Imports by Country

Malaysia represented the main importing country with an import of around X units, which finished at 50% of total imports. Thailand (X units) took a 16% share (based on physical terms) of total imports, which put it in second place, followed by Singapore (15%), the Philippines (8%) and Vietnam (7.7%). Indonesia (X units) took a little share of total imports.

Imports into Malaysia increased at an average annual rate of +18.4% from 2012 to 2022. At the same time, Vietnam (+35.7%), the Philippines (+19.6%), Singapore (+17.1%), Indonesia (+6.7%) and Thailand (+5.4%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +35.7% from 2012-2022. Malaysia (+13 p.p.), Vietnam (+6.2 p.p.), Singapore (+2.7 p.p.) and the Philippines (+2.6 p.p.) significantly strengthened its position in terms of the total imports, while Indonesia and Thailand saw its share reduced by -2.3% and -21.9% from 2012 to 2022, respectively.

In value terms, the largest mattresses of cellular rubber or plastics importing markets in South-Eastern Asia were Singapore ($X), Malaysia ($X) and Vietnam ($X), with a combined 75% share of total imports.

Among the main importing countries, Vietnam, with a CAGR of +40.0%, recorded 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 South-Eastern Asia amounted to $X per unit, rising by 19% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the import price increased by 28% against the previous year. Over the period under review, import prices reached the peak figure 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 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 Vietnam (+3.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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