Thailand: Mattress Market 2024

Mattress Market Size in Thailand

The Thai mattress market declined to $X in 2022, which is down by X% against the previous year. Overall, consumption, however, continues to indicate a notable increase. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Mattress Production in Thailand

In value terms, mattress production fell modestly to $X in 2022 estimated in export price. Overall, production continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

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Mattress Exports

Exports from Thailand

In 2022, the amount of mattresses exported from Thailand rose significantly to X units, growing by X% against the previous year's figure. Overall, exports showed a prominent expansion. The pace of growth appeared the most rapid in 2020 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, mattress exports amounted to $X in 2022. In general, exports posted a remarkable increase. The pace of growth was the most pronounced in 2019 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for mattress exports from Thailand, accounting for a X% share of total exports. Moreover, mattress exports to the United States exceeded the volume sent to the second major destination, Lao People's Democratic Republic (X units), twofold. The third position in this ranking was taken by Myanmar (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lao People's Democratic Republic (X% per year) and Myanmar (X% per year).

In value terms, the United States ($X), China ($X) and Lao People's Democratic Republic ($X) constituted the largest markets for mattress exported from Thailand worldwide, with a combined X% share of total exports.

The United States, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average mattress export price amounted to $X per unit, dropping by X% against the previous year. Over the period under review, the export price, however, saw a slight expansion. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2020 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per unit), while the average price for exports to South Africa ($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 Canada (X%), while the prices for the other major destinations experienced a decline.

Mattress Imports

Imports into Thailand

In 2022, imports of mattresses into Thailand contracted to X units, approximately mirroring 2021. In general, total imports indicated a strong increase from 2012 to 2022: its volume 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, imports decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X units in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, mattress imports soared to $X in 2022. Over the period under review, imports, however, recorded a strong increase. The pace of growth appeared the most rapid in 2019 when imports increased by X%. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X units) was the main mattress supplier to Thailand, accounting for a X% share of total imports. Moreover, mattress imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%.

In value terms, China ($X) constituted the largest supplier of mattresses to Thailand, comprising X% of total imports. The second position in the ranking was held by Japan ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China stood at X%.

Import Prices by Country

The average mattress import price stood at $X per unit in 2022, surging by X% against the previous year. Over the period under review, the import price showed a notable expansion. The pace of growth appeared the most rapid in 2019 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2020 to 2022, the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per unit), while the price for Japan stood at $X per unit.

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

Source: IndexBox Platform