Mattress supports market in Greece

Earlier Report Observations

The market for mattress supports in Greece expanded overall between 2018 and 2024, with the total market value rising from 4.7 million to 6.8 million US dollars. Growth was not linear, however; after a 10% increase in 2019, the market contracted by 9.5% in 2020 before surging by 31% in 2021. The following years saw further fluctuations, with a near-stable 2022 followed by a 14% jump in 2023 and a moderate 3% decline in 2024.

Domestic production played a key role in this expansion, increasing from 3.3 million dollars in 2018 to 5.7 million dollars in 2024. Production volumes saw two major growth phases—a 22% rise in 2019 and a 34% leap in 2021—with a slight dip in 2022 and another strong increase of 22% in 2023. Meanwhile, imports varied considerably, dropping by almost 16% in 2020 then rebounding by 35% in 2021, while exports grew more than eightfold over the period, from just 91 thousand dollars in 2018 to 585 thousand dollars in 2024.

The overall market dynamics reflect a combination of domestic production gains and shifting trade patterns. Despite the volatility in individual years, the Greek mattress supports market ended the period with a 44% larger value than at the start, indicating sustained underlying demand and a growing domestic manufacturing base.

Production mattress supports in Greece

In value, 2017-2020, K $ US

After two years of growth, mattress support production in Greece experienced a decline. In 2019, output reached its peak at 4 016 K $ US, but by 2020 it had fallen to 3 973 K $ US, marking a 1.1% decrease. The largest annual increase occurred in 2019, with a 21.7% rise. Over the entire 2017-2020 period, production grew by 33.4%, translating to a compound annual growth rate (CAGR) of 10.1%.

Annual dynamics of production in Greece in value, 2017-2020, K $ US

Exports mattress supports from Greece

Exports in kind, t

Mattress support exports from Greece have increased for the third consecutive year. In 2020, Greece exported 64.7 t of mattress supports, representing a sharp 218.2% improvement compared to the previous year. Over the 2017-2020 period, exports surged by 467%, with a compound annual growth rate (CAGR) of 78.3%.

Annual dynamics of product's exports from Greece in kind, 2017-2020, t

From 2017 to 2020, the main destinations for Greece's mattress support exports in kind were Cyprus, accounting for 64.1% of exports, Hungary with 10.7%, and Bulgaria at 4.7%. Together, these three countries represented 79.6% of total export flows.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Greece in kind, 2017-2020

Exports in value, K $ US

The market exhibited volatility during these years. Exports reached their lowest point in 2018 at 91 K $ US, but rebounded to a peak of 365 K $ US in 2020, reflecting a four-fold gap. In 2020, foreign mattress support supplies from Greece amounted to 365 K $ US, showing a steep rise of 200.5% compared to 2019. The largest decline occurred in 2018, with a 36.1% drop.

Annual dynamics of product's exports from Greece in value, 2017-2020, K $ US

Between 2017 and 2020, Cyprus contributed 55.9% of exports in value terms, Hungary accounted for 12.1%, and South Korea made up 9.1%. Collectively, these three markets represented 77.1% of total export flows.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Greece in value, 2017-2020

Imports mattress supports to Greece

Imports in kind, t

Market performance showed noticeable fluctuations during this period. Imports hit their lowest point in 2019 at 153.0 t, but recovered to 514.1 t in 2020, indicating a 4.4-fold change from the 2017 peak. In 2020, cross-border shipments of mattress supports to Greece were recorded at 514.1 t, which is 235.9% higher than the previous year. The largest decline was in 2019, with a 65.6% decrease.

Annual dynamics of product's imports to Greece in kind, 2017-2020, t

From 2017 to 2020, Italy led imports in kind with 55.7%, followed by Sweden at 11.6%, and Poland with 8.9%. These three countries together accounted for 76.2% of total import flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Greece in kind, 2017-2020

Imports in value, K $ US

Mattress support imports into Greece declined for the third consecutive year. In 2020, import volume registered 1 079 K $ US, representing a strong year-on-year loss of 15.9%. Between 2017 and 2020, imports decreased by 43.6%, equating to an annualized rate of 17.4%.

Annual dynamics of product's imports to Greece in value, 2017-2020, K $ US

Throughout 2017-2020, the three largest markets for imports in value terms were Italy, Sweden, and France, which together accounted for 73.9% of total flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Greece in value, 2017-2020