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Mattress imports flat in September, industry report says

Time:2019-11-21 13:24:37    Share:

After three months of declines, mattress imports were basically flat in September, an industry report says.

Reporting on September import figures released by the U.S. International Trade Commission, St. Petersburg, Fla.-based Raymond James said Chinese mattress imports are minimal, but other countries have accelerated their mattress imports.

“The recent data over the past few months indicates that a meaningful portion of the China mattress production that negatively impacted the U.S. industry in 2017, 2018 and early 2019 is shifting to other countries besides the U.S.,” Raymond James wrote.

“In addition, what is equally concerning is that the imported prices of the recent surge of non-China mattresses are very similar to the pricing of the China mattresses that created a headwind for the industry in 2017/2018.”

Overall mattress import units were down 27% in June, 22% in July and 5% in August.

While Chinese mattress imports have declined sharply in recent months, mattress imports from Vietnam have been on the upswing. Vietnam’s mattress import share in units was just 3% in January but 28% in September, a decline from Vietnam’s 31% share in August, Raymond James said.