Vietnam: Mattress Support Market 2024

Mattress Support Market Size in Vietnam

The Vietnamese mattress support market fell to $X in 2022, waning by X% against the previous year. In general, consumption saw a perceptible curtailment. Mattress support consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Mattress Support Production in Vietnam

In value terms, mattress support production contracted to $X in 2022 estimated in export price. In general, production saw a perceptible decrease. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Mattress support production peaked at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Mattress Support Exports

Exports from Vietnam

In 2022, overseas shipments of mattress supports increased by X% to X units, rising for the third consecutive year after three years of decline. Over the period under review, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by X%. Over the period under review, the exports reached the maximum at X units in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, mattress support exports skyrocketed to $X in 2022. In general, exports showed a significant expansion. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Canada (X units) was the main destination for mattress support exports from Vietnam, accounting for a X% share of total exports. Moreover, mattress support exports to Canada exceeded the volume sent to the second major destination, the United States (X units), threefold. The third position in this ranking was taken by South Korea (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Canada amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and South Korea (X% per year).

In value terms, Canada ($X) emerged as the key foreign market for mattress supports exports from Vietnam, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with a X% share of total exports. It was followed by South Korea, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Canada amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and South Korea (X% per year).

Export Prices by Country

In 2022, the average mattress support export price amounted to $X per unit, picking up by X% against the previous year. Over the period under review, the export price, however, recorded a perceptible decline. The most prominent rate of growth was recorded in 2019 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Canada ($X per unit) and the United States ($X per unit), while the average price for exports to China ($X per unit) and South Korea ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (X%), while the prices for the other major destinations experienced mixed trend patterns.

Mattress Support Imports

Imports into Vietnam

In 2022, approx. X units of mattress supports were imported into Vietnam; declining by X% compared with 2021 figures. In general, imports, however, posted a significant increase. The most prominent rate of growth was recorded in 2019 when imports increased by X%. As a result, imports reached the peak of X units. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, mattress support imports reduced notably to $X in 2022. Overall, imports, however, posted significant growth. The growth pace was the most rapid in 2019 with an increase of X%. As a result, imports reached 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 support supplier to Vietnam, with a X% share of total imports. It was followed by Spain (X units), with less than X% share of total imports.

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

In value terms, China ($X) constituted the largest supplier of mattress supports to Vietnam, comprising X% of total imports. The second position in the ranking was held by Spain ($X), with less than X% share of total imports.

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

Import Prices by Country

In 2022, the average mattress support import price amounted to $X per unit, rising by X% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by X%. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the near future.

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

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

Source: IndexBox Platform

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