Philippines - Mattress Supports - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMattress Support Price in the Philippines - 2023
Contents:
- Mattress Support Price in the Philippines (FOB) - 2022
- Mattress Support Price in the Philippines (CIF) - 2022
- Mattress Support Exports in the Philippines
- Mattress Support Imports in the Philippines
Mattress Support Price in the Philippines (FOB) - 2022
In 2022, the average mattress support export price amounted to $76 per unit, shrinking by -3% against the previous year. In general, the export price saw a perceptible slump. The pace of growth appeared the most rapid in 2013 an increase of 51%. As a result, the export price attained the peak level of $166 per unit. From 2014 to 2022, the average export prices failed to regain momentum.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($76 per unit), while the average price for exports to Marshall Islands amounted to $76 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Marshall Islands (+0.9%), while the prices for the other major destinations experienced a decline.
Mattress Support Price in the Philippines (CIF) - 2022
In 2022, the average mattress support import price amounted to $69 per unit, picking up by 17% against the previous year. Over the period under review, import price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +10.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, mattress support import price increased by +34.7% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by 103%. The import price peaked at $73 per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Japan ($69 per unit) and China ($69 per unit), while the price for Malaysia ($69 per unit) and Thailand ($69 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+17.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Mattress Support Exports in the Philippines
Mattress support exports from the Philippines fell to 351K units in 2022, waning by -12.8% compared with the previous year. Overall, exports, however, showed significant growth. The growth pace was the most rapid in 2021 with an increase of 6,253%. As a result, the exports reached the peak of 402K units, and then shrank in the following year.
In value terms, mattress support exports shrank sharply to $27M in 2022. In general, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 6,293% against the previous year. As a result, the exports attained the peak of $32M, and then reduced remarkably in the following year.
Export of Mattress Support in the Philippines (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 2.4 | 0.2 | 31.5 | 26.3 | 122.1% |
Others | 0.2 | 0.3 | 0.1 | 0.5 | 35.7% |
Total | 2.6 | 0.5 | 31.6 | 26.7 | 117.4% |
Top Export Markets for Mattress Support from the Philippines in 2022:
- United States (344.8K units)
Mattress Support Imports in the Philippines
After three years of growth, purchases abroad of mattress supports decreased by -66.9% to 11K units in 2022. Overall, imports continue to indicate a abrupt contraction. The growth pace was the most rapid in 2021 with an increase of 111% against the previous year. As a result, imports reached the peak of 34K units, and then dropped markedly in the following year.
In value terms, mattress support imports dropped notably to $765K in 2022. In general, imports, however, saw a perceptible expansion. The growth pace was the most rapid in 2021 with an increase of 130%. As a result, imports reached the peak of $2M, and then fell markedly in the following year.
Import of Mattress Support in the Philippines (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 362 | 605 | 1,744 | 348 | -1.3% |
Germany | N/A | 56.3 | 36.5 | 187 | 82.2% |
Lithuania | N/A | N/A | 12.9 | 62.4 | 383.7% |
Thailand | 44.5 | 12.2 | 19.6 | 59.7 | 10.3% |
Taiwan (Chinese) | 0.3 | 60.4 | 29.3 | 44.1 | 427.8% |
Japan | 18.6 | 26.2 | 9.7 | 32.8 | 20.8% |
Denmark | 116 | 56.3 | 106 | N/A | -4.4% |
Others | 130 | 41.8 | 14.0 | 31.4 | -37.7% |
Total | 671 | 858 | 1,972 | 765 | 4.5% |
Top Suppliers of Mattress Support to the Philippines in 2022:
- China (5.0K units)
- Germany (2.7K units)
- Lithuania (0.9K units)
- Thailand (0.9K units)
- Taiwan (Chinese) (0.6K units)
- Japan (0.5K units)
This report provides an in-depth analysis of the mattress support market in the Philippines. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 31031100 - Mattress supports (including wooden or metal frames fitted with springs or steel wire mesh, upholstered mattress bases, w ith wooden slats, divans)
Country coverage:
- Philippines
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Philippines
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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The global mattress supports market is expected to experience steady growth over the next seven-year period, driven by increasing demand. Market performance is forecasted to accelerate with a CAGR of +3.5% in volume and +5.6% in value, reaching 263M units and $27.4B respectively by the end of 2030.
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In 2016, the global mattress imports totaled X tons, ascending by X% against the previous year figure. The total import volume increased at an average annual rate of +X% over the period from X>
In 2016, the global mattress imports totaled X tons, ascending by X% against the previous year figure. The total import volume increased at an average annual rate of +X% over the period from X>
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The global mattress supports market is expected to experience steady growth over the next seven-year period, driven by increasing demand. Market performance is forecasted to accelerate with a CAGR of +3.5% in volume and +5.6% in value, reaching 263M units and $27.4B respectively by the end of 2030.
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The global mattress market is expected to reach $51.4 billion in 2030, growing with a CAGR of +3.0% from 2022 to 2030.