Mattress Support Market

The global mattress support market is expected to see growth in consumption volume and market value over the next eight years, with a forecasted CAGR of +3.5% in consumption and +5.7% in value from 2022 to 2030. As of 2022, China, the United States, and India were the top consuming countries, while China remained the largest producer of mattress supports. Global imports and exports also saw fluctuations in volume and value, with China leading in both exports and imports. Overall, the global market for mattress supports is expected to continue expanding in the coming years.

Market Forecast

Driven by increasing demand for mattress supports 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 +3.5% for the period from 2022 to 2030, which is projected to bring the market volume to 261M units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +5.7% for the period from 2022 to 2030, which is projected to bring the market value to $25.7B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Mattress Supports

In 2022, global consumption of mattress supports shrank modestly to 199M units, declining by -3.5% against 2021. The total consumption volume increased at an average annual rate of +2.3% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. Global consumption peaked at 215M units in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

The global mattress support market size declined slightly to $16.5B in 2022, waning by -1.8% 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). The market value increased at an average annual rate of +2.5% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. Over the period under review, the global market reached the maximum level at $17.5B in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were China (40M units), the United States (21M units) and India (13M units), together comprising 37% of global consumption. Russia, Indonesia, Japan, Brazil, Pakistan, Nigeria, Bangladesh, Mexico, Turkey and Spain lagged somewhat behind, together accounting for a further 30%.

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of +10.8%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the largest mattress support markets worldwide were China ($2.9B), the United States ($2.5B) and Turkey ($1.8B), with a combined 43% share of the global market. India, Japan, Pakistan, Bangladesh, Mexico, Spain, Indonesia, Russia, Brazil and Nigeria lagged somewhat behind, together comprising a further 30%.

In terms of the main consuming countries, Russia, with a CAGR of +9.1%, recorded the highest rates of growth with regard to market size 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 support per capita consumption in 2022 were Russia (78 units per 1000 persons), Spain (71 units per 1000 persons) and the United States (63 units per 1000 persons).

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the main consuming countries, was attained by Russia (with a CAGR of +10.8%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Mattress Supports

In 2022, approx. 209M units of mattress supports were produced worldwide; approximately reflecting the previous year. The total output volume increased at an average annual rate of +2.5% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2015 when the production volume increased by 16%. Global production peaked at 221M units in 2017; however, from 2018 to 2022, production remained at a lower figure.

In value terms, mattress support production fell modestly to $17.8B in 2022 estimated in export price. The total output value increased at an average annual rate of +3.2% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when the production volume increased by 17% against the previous year. Over the period under review, global production attained the peak level at $20.9B in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Production By Country

China (52M units) remains the largest mattress support producing country worldwide, accounting for 25% of total volume. Moreover, mattress support production in China exceeded the figures recorded by the second-largest producer, the United States (20M units), threefold. The third position in this ranking was held by India (14M units), with a 6.8% share.

In China, mattress support production increased at an average annual rate of +2.7% over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: the United States (+2.5% per year) and India (+3.7% per year).

Imports

World Imports of Mattress Supports

Global mattress support imports fell to 14M units in 2022, reducing by -8.7% against the year before. Overall, total imports indicated a pronounced increase from 2012 to 2022: its volume increased at an average annual rate of +4.5% 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 +54.9% against 2012 indices. The growth pace was the most rapid in 2021 with an increase of 11% against the previous year. As a result, imports attained the peak of 15M units, and then shrank in the following year.

In value terms, mattress support imports fell to $877M in 2022. The total import value increased at an average annual rate of +3.6% 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 2021 when imports increased by 16% against the previous year. As a result, imports attained the peak of $929M, and then contracted in the following year.

Imports By Country

In 2022, the United States (1,417K units), France (1,251K units), the Netherlands (1,033K units), the UK (859K units), Germany (821K units), Malaysia (655K units), Sweden (546K units), Australia (536K units), Belgium (435K units), Spain (385K units), South Korea (321K units) and Poland (307K units) was the largest importer of mattress supports in the world, constituting 63% of total import. Switzerland (285K units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +51.5%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the Netherlands ($86M), France ($83M) and the United States ($53M) were the countries with the highest levels of imports in 2022, with a combined 25% share of global imports. Germany, the UK, Australia, Sweden, Switzerland, Spain, Belgium, Malaysia, South Korea and Poland lagged somewhat behind, together comprising a further 36%.

South Korea, with a CAGR of +34.0%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

In 2022, the average mattress support import price amounted to $64 per unit, increasing by 3.5% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 5.1% against the previous year. Global import price peaked at $70 per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Switzerland ($120 per unit), while Malaysia ($33 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+7.8%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Mattress Supports

In 2022, shipments abroad of mattress supports increased by 13% to 24M units, rising for the second year in a row after two years of decline. In general, total exports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of +5.7% 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 +19.4% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of 15%. Over the period under review, the global exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, mattress support exports expanded markedly to $1.7B in 2022. Over the period under review, total exports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.6% 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 +72.1% against 2015 indices. The pace of growth appeared the most rapid in 2018 when exports increased by 21% against the previous year. The global exports peaked in 2022 and are expected to retain growth in years to come.

Exports By Country

China prevails in exports structure, resulting at 12M units, which was approx. 52% of total exports in 2022. It was distantly followed by Lithuania (1.3M units), comprising a 5.4% share of total exports. Poland (1,042K units), Turkey (979K units), Malaysia (903K units), India (868K units), South Africa (650K units), Belgium (522K units), Germany (515K units), the Netherlands (504K units) and Spain (422K units) took a little share of total exports.

Exports from China increased at an average annual rate of +7.3% from 2012 to 2022. At the same time, Malaysia (+48.4%), Turkey (+30.3%), Lithuania (+10.0%), Spain (+8.9%), the Netherlands (+8.5%), South Africa (+6.2%) and Poland (+4.1%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in the world, with a CAGR of +48.4% from 2012-2022. Belgium and India experienced a relatively flat trend pattern. By contrast, Germany (-7.6%) illustrated a downward trend over the same period. While the share of China (+7.2 p.p.), Malaysia (+3.7 p.p.), Turkey (+3.6 p.p.) and Lithuania (+1.8 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of India (-2.6 p.p.) and Germany (-6.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($896M) remains the largest mattress support supplier worldwide, comprising 54% of global exports. The second position in the ranking was held by India ($67M), with a 4.1% share of global exports. It was followed by Germany, with a 3.5% share.

From 2012 to 2022, the average annual growth rate of value in China amounted to +9.7%. In the other countries, the average annual rates were as follows: India (+2.0% per year) and Germany (-5.0% per year).

Export Prices By Country

The average mattress support export price stood at $69 per unit in 2022, with a decrease of -6% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 13%. The global export price peaked at $77 per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($112 per unit), while South Africa ($18 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+2.8%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform