Southern Asia: Market for Mattresses of cellular rubber or plastics 2024

Market Size for Mattresses of cellular rubber or plastics in Southern Asia

The South Asian market for mattresses of cellular rubber or plastics was estimated at $X in 2022, remaining stable against the previous year. The market value increased at an average annual rate of +1.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Production of Mattresses of cellular rubber or plastics in Southern Asia

In value terms, production of mattresses of cellular rubber or plastics rose modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.8% 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 2019 when the production volume increased by 41%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Mattresses of cellular rubber or plastics

Exports in Southern Asia

In 2022, after two years of growth, there was significant decline in shipments abroad of mattresses of cellular rubber or plastics, when their volume decreased by -26.2% to X units. Over the period under review, exports, however, showed a temperate expansion. The growth pace was the most rapid in 2021 with an increase of 73% against the previous year. As a result, the exports attained the peak of X units, and then declined remarkably in the following year.

In value terms, exports of mattresses of cellular rubber or plastics shrank notably to $X in 2022. Overall, exports, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2016 with an increase of 71%. Over the period under review, the exports of hit record highs at $X in 2021, and then dropped sharply in the following year.

Exports by Country

The biggest shipments were from Sri Lanka (X units) and India (X units), together recording 100% of total export.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Sri Lanka (with a CAGR of +6.2%).

In value terms, Sri Lanka ($X) remains the largest mattresses of cellular rubber or plastics supplier in Southern Asia, comprising 73% of total exports. The second position in the ranking was held by India ($X), with a 27% share of total exports.

In Sri Lanka, exports of mattresses of cellular rubber or plastics expanded at an average annual rate of +6.1% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per unit, dropping by -12% against the previous year. Export price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for mattresses of cellular rubber or plastics decreased by -32.4% against 2019 indices. The pace of growth was the most pronounced in 2019 an increase of 60%. As a result, the export price reached the peak level of $X per unit. From 2020 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 Sri Lanka ($X per unit), while India amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+10.5%).

Imports of Mattresses of cellular rubber or plastics

Imports in Southern Asia

In 2022, the amount of mattresses of cellular rubber or plastics imported in Southern Asia skyrocketed to X units, picking up by 52% against the previous year. Over the period under review, imports recorded buoyant growth. The pace of growth was the most pronounced in 2018 with an increase of 140% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, imports of mattresses of cellular rubber or plastics rose rapidly to $X in 2022. Overall, imports continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2018 when imports increased by 78%. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

India prevails in plastics structure, resulting at X units, which was near 87% of total imports in 2022. It was distantly followed by Maldives (X units), constituting an 8.2% share of total imports. Bhutan (X units) followed a long way behind the leaders.

Imports into India increased at an average annual rate of +13.7% from 2012 to 2022. At the same time, Maldives (+21.1%) and Bhutan (+14.7%) displayed positive paces of growth. Moreover, Maldives emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +21.1% from 2012-2022. India (+6.7 p.p.) and Maldives (+4.2 p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported mattresses of cellular rubber or plastics in Southern Asia, comprising 63% of total imports. The second position in the ranking was held by Maldives ($X), with a 23% share of total imports.

In India, imports of mattresses of cellular rubber or plastics increased at an average annual rate of +9.5% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Maldives (+20.7% per year) and Bhutan (+14.4% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per unit, which is down by -28% against the previous year. Overall, the import price continues to indicate a noticeable decline. The most prominent rate of growth was recorded in 2014 an increase of 35%. The level of import peaked at $X per unit in 2015; however, from 2016 to 2022, import prices stood 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 Maldives ($X per unit), while India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bhutan (-0.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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