Mattress Market

The article discusses the increasing demand for mattresses globally, with projections showing a positive growth trend in both market volume and value. Detailed analysis is provided on consumption patterns, production statistics, and import/export trends for mattresses worldwide, highlighting key players and growth rates over the past decade. Various types of mattresses, average prices, and top importing/exporting countries are also examined, offering a comprehensive overview of the global mattress market.

Market Forecast

Driven by increasing demand for mattresses worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +4.0% for the period from 2022 to 2030, which is projected to bring the market volume to 488M units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +5.5% for the period from 2022 to 2030, which is projected to bring the market value to $37.5B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Mattresses

In 2022, the amount of mattresses consumed worldwide declined to 355M units, dropping by -11.8% against the previous year's figure. The total consumption volume increased at an average annual rate of +2.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, global consumption attained the peak volume at 403M units in 2021, and then dropped in the following year.

The global mattress market size contracted to $24.4B in 2022, which is down by -8.2% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +2.4% 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 -13.1% against 2018 indices. Global consumption peaked at $28B in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Consumption By Country

China (63M units) constituted the country with the largest volume of mattress consumption, comprising approx. 18% of total volume. Moreover, mattress consumption in China exceeded the figures recorded by the second-largest consumer, Brazil (24M units), threefold. The third position in this ranking was held by Pakistan (20M units), with a 5.6% share.

From 2012 to 2022, the average annual growth rate of volume in China was relatively modest. The remaining consuming countries recorded the following average annual rates of consumption growth: Brazil (+1.2% per year) and Pakistan (+4.5% per year).

In value terms, the largest mattress markets worldwide were Nigeria ($2.5B), Indonesia ($1.7B) and China ($1.4B), together accounting for 23% of the global market.

Nigeria, with a CAGR of +11.4%, recorded the highest rates of growth with regard to market size in terms of the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of mattress per capita consumption in 2022 were Kenya (171 units per 1000 persons), Brazil (110 units per 1000 persons) and Germany (103 units per 1000 persons).

From 2012 to 2022, the biggest increases were recorded for Nigeria (with a CAGR of +8.6%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Mattresses

In 2022, approx. 462M units of mattresses were produced worldwide; approximately reflecting 2021 figures. In general, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by 26%. Global production peaked at 470M units in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

In value terms, mattress production declined slightly to $36.7B in 2022 estimated in export price. Overall, the total production indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +2.6% 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 +3.5% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 21%. Global production peaked at $46.8B in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Production By Country

China (175M units) remains the largest mattress producing country worldwide, comprising approx. 38% of total volume. Moreover, mattress production in China exceeded the figures recorded by the second-largest producer, Indonesia (25M units), sevenfold. The third position in this ranking was taken by Brazil (24M units), with a 5.1% share.

In China, mattress production declined by an average annual rate of -1.3% over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: Indonesia (+6.2% per year) and Brazil (+1.2% per year).

Imports

World Imports of Mattresses

In 2022, after two years of growth, there was significant decline in overseas purchases of mattresses, when their volume decreased by -9.5% to 72M units. Over the period under review, total imports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +5.1% against 2018 indices. The most prominent rate of growth was recorded in 2021 with an increase of 30% against the previous year. As a result, imports reached the peak of 80M units, and then contracted in the following year.

In value terms, mattress imports shrank modestly to $5.2B in 2022. Overall, total imports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +71.0% against 2012 indices. The growth pace was the most rapid in 2021 with an increase of 19%. As a result, imports reached the peak of $5.3B, and then dropped in the following year.

Imports By Country

In 2022, Germany (6.3M units), Qatar (5.9M units), the United States (4.9M units), France (3.5M units), the Netherlands (3.2M units), Australia (3M units), Japan (2.9M units), India (2.9M units), Canada (2.5M units), Kuwait (2.4M units), the Philippines (2M units) and Thailand (1.7M units) represented the largest importer of mattresses in the world, achieving 57% of total import. Sweden (1.7M units) held a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Qatar (with a CAGR of +34.1%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, Germany ($534M), the United States ($405M) and Japan ($341M) constituted the countries with the highest levels of imports in 2022, together comprising 25% of global imports. France, the Netherlands, Australia, Canada, Sweden, Kuwait, Thailand, India, the Philippines and Qatar lagged somewhat behind, together accounting for a further 26%.

The Philippines, with a CAGR of +20.9%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Imports By Type

In 2022, mattresses other than of cellular rubber or plastics (42M units), followed by mattresses of cellular rubber or plastics (38M units) were the main types of mattresses, together creating 100% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key imported products, was attained by mattresses of cellular rubber or plastics (with a CAGR of +8.7%).

In value terms, mattresses of cellular rubber or plastics ($3.3B) and mattresses other than of cellular rubber or plastics ($3.1B) were the products with the highest levels of imports in 2022.

Mattresses of cellular rubber or plastics, with a CAGR of +6.6%, saw the highest rates of growth with regard to the value of imports, among the main imported products over the period under review.

Import Prices By Type

In 2022, the average mattress import price amounted to $72 per unit, with an increase of 8.5% against the previous year. Overall, the import price, however, recorded a slight descent. The growth pace was the most rapid in 2019 an increase of 16%. Global import price peaked at $83 per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major imported products. In 2022, the product with the highest price was mattresses of cellular rubber or plastics ($87 per unit), while the price for mattresses other than of cellular rubber or plastics stood at $74 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by mattresses other than of cellular rubber or plastics (+0.0%).

Import Prices By Country

The average mattress import price stood at $72 per unit in 2022, surging by 8.5% against the previous year. Overall, the import price, however, showed a mild descent. The most prominent rate of growth was recorded in 2019 when the average import price increased by 16% against the previous year. Over the period under review, average import prices hit record highs at $83 per unit in 2012; however, from 2013 to 2022, import prices remained at a 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 Japan ($116 per unit), while Qatar ($1.8 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+8.2%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Mattresses

In 2022, the amount of mattresses exported worldwide soared to 179M units, picking up by 26% on the previous year's figure. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when exports increased by 138%. Over the period under review, the global exports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, mattress exports dropped to $6.1B in 2022. Overall, total exports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +44.7% against 2014 indices. The most prominent rate of growth was recorded in 2021 with an increase of 15%. As a result, the exports reached the peak of $6.4B, and then reduced in the following year.

Exports By Country

China prevails in exports structure, resulting at 112M units, which was approx. 63% of total exports in 2022. It was distantly followed by Poland (12M units), comprising a 6.6% share of total exports. The following exporters - Indonesia (6.5M units), Mexico (4.2M units), Malaysia (3.7M units), Turkey (3.2M units), Romania (3.2M units) and Thailand (3.1M units) - together made up 13% of total exports.

From 2012 to 2022, average annual rates of growth with regard to mattress exports from China stood at -1.5%. At the same time, Indonesia (+42.3%), Romania (+39.1%), Turkey (+19.2%), Thailand (+12.1%), Malaysia (+6.3%) and Poland (+5.4%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in the world, with a CAGR of +42.3% from 2012-2022. By contrast, Mexico (-1.3%) illustrated a downward trend over the same period. While the share of Indonesia (+3.5 p.p.), Poland (+2.6 p.p.) and Romania (+1.7 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of China (-12 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest mattress supplying countries worldwide were China ($1.1B), Poland ($814M) and Mexico ($406M), with a combined 37% share of global exports. Indonesia, Turkey, Romania, Thailand and Malaysia lagged somewhat behind, together accounting for a further 15%.

Romania, with a CAGR of +35.9%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Exports By Type

In 2022, mattresses other than of cellular rubber or plastics (80M units), distantly followed by mattresses of cellular rubber or plastics (68M units) represented the main types of mattresses, together making up 100% of total exports.

From 2012 to 2022, the biggest increases were recorded for mattresses of cellular rubber or plastics (with a CAGR of +5.9%).

In value terms, mattresses of cellular rubber or plastics ($3.2B) and mattresses other than of cellular rubber or plastics ($3.1B) constituted the products with the highest levels of exports in 2022.

Among the main exported products, mattresses other than of cellular rubber or plastics, with a CAGR of +5.7%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices By Type

The average mattress export price stood at $34 per unit in 2022, falling by -24.7% against the previous year. In general, the export price, however, showed a resilient increase. The pace of growth was the most pronounced in 2015 when the average export price increased by 92%. The global export price peaked at $95 per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exported products. In 2022, the product with the highest price was mattresses of cellular rubber or plastics ($47 per unit), while the average price for exports of mattresses other than of cellular rubber or plastics amounted to $38 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by mattresses other than of cellular rubber or plastics (+5.1%).

Export Prices By Country

In 2022, the average mattress export price amounted to $34 per unit, falling by -24.7% against the previous year. Overall, the export price, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2015 when the average export price increased by 92%. Over the period under review, the average export prices hit record highs at $95 per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

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 Mexico ($97 per unit), while China ($9.4 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+12.6%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform