Colombia: Market for Mattresses other than of cellular rubber or plastics 2024

Market Size for Mattresses other than of cellular rubber or plastics in Colombia

In 2022, after two years of growth, there was significant decline in the Colombian market for mattresses other than of cellular rubber or plastics, when its value decreased by -41.2% to $X. Overall, consumption saw a drastic downturn. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Production of Mattresses other than of cellular rubber or plastics in Colombia

In value terms, production of mattresses other than of cellular rubber or plastics stood at $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume decreased by 99.9% against the previous year. Over the period under review, production of hit record highs in 2022 and is likely to see gradual growth in the immediate term.

Exports of Mattresses other than of cellular rubber or plastics

Exports from Colombia

Exports of mattresses other than of cellular rubber or plastics from Colombia shrank markedly to X units in 2022, with a decrease of -67.1% against 2021. In general, exports showed a pronounced slump. The most prominent rate of growth was recorded in 2015 when exports increased by 502%. The exports peaked at X units in 2021, and then dropped significantly in the following year.

In value terms, exports of mattresses other than of cellular rubber or plastics shrank notably to $X in 2022. Over the period under review, exports, however, posted a resilient expansion. The pace of growth appeared the most rapid in 2021 with an increase of 398%. As a result, the exports attained the peak of $X, and then dropped sharply in the following year.

Exports by Country

The United States (X units) was the main destination for exports of mattresses other than of cellular rubber or plastics from Colombia, with a 74% share of total exports. Moreover, exports of mattresses other than of cellular rubber or plastics to the United States exceeded the volume sent to the second major destination, Guatemala (X units), sixfold. Costa Rica (X units) ranked third in terms of total exports with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled +117.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (+185.1% per year) and Costa Rica (+50.4% per year).

In value terms, the United States ($X) remains the key foreign market for mattresses other than of cellular rubber or plastics exports from Colombia, comprising 85% of total exports. The second position in the ranking was taken by Costa Rica ($X), with an 11% share of total exports. It was followed by Guatemala, with a 3.6% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at +149.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Costa Rica (+54.7% per year) and Guatemala (+215.3% per year).

Export Prices by Country

The average export price for mattresses other than of cellular rubber or plastics stood at $X per unit in 2022, increasing by 82% against the previous year. In general, the export price enjoyed resilient growth. The pace of growth was the most pronounced in 2016 an increase of 97% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Guatemala ($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 the United States (+14.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Mattresses other than of cellular rubber or plastics

Imports into Colombia

Imports of mattresses other than of cellular rubber or plastics into Colombia surged to X units in 2022, growing by 67% compared with the previous year. Over the period under review, imports, however, showed a abrupt curtailment. Over the period under review, imports of hit record highs at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, imports of mattresses other than of cellular rubber or plastics expanded remarkably to $X in 2022. In general, imports, however, showed a abrupt downturn. The most prominent rate of growth was recorded in 2013 when imports increased by 44% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of mattresses other than of cellular rubber or plastics to Colombia, with a 54% share of total imports. Moreover, imports of mattresses other than of cellular rubber or plastics from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), fourfold. Ecuador (X units) ranked third in terms of total imports with a 13% share.

From 2012 to 2022, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+53.6% per year) and Ecuador (-18.1% per year).

In value terms, the largest mattresses other than of cellular rubber or plastics suppliers to Colombia were China ($X), Chile ($X) and Ecuador ($X), with a combined 81% share of total imports. The United States and Turkey lagged somewhat behind, together comprising a further 11%.

Turkey, with a CAGR of +29.7%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average import price for mattresses other than of cellular rubber or plastics amounted to $X per unit, waning by -35.5% against the previous year. In general, the import price recorded a abrupt slump. The most prominent rate of growth was recorded in 2021 an increase of 39% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Chile ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ecuador (+4.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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