Bedding unit, dollar sales continued slide in ‘09
July 20, 2012-- Furniture Today,
ALEXANDRIA, Va. - The bedding industry recorded another steep decline in unit and dollar sales volume last year, according to final figures from the International Sleep Products Assn.
ISPA's year-end report showed that unit sales fell 8.6% last year to 32.8 million, while the dollar value of bedding shipments dropped 9.4% from the 2008 level to $5.7 billion.
Those declines followed an 11% unit decline in 2008 and a 9.1% dollar decline that year. Together, the last two years have been the worst in modern mattress history, according to ISPA.
"Over the past 30 years, the dollar value of shipments has declined only twice - 1982 and 2001 - and by amounts that were small compared with the magnitude of the consecutive drops in 2008 and 2009," ISPA said.
It said unit shipments in 2009 were at a level "not seen since 1995."
But that downturn appears to be a thing of the past, as business this year is up strongly through the first four months, according to ISPA's monthly Bedding Barometer reports. Bedding unit sales were up 6.8% in April and up 11.2% through the first four months, while the dollar value of shipments was up 10.1% in April and was up 10.3% for the first four months of this year.
The bedding industry's trade association released a comprehensive look at the industry's performance last year in its 2009 Mattress Industry report, which has been circulated to ISPA members.
Among the highlights:
► Reversing a two-year trend, the number of mattresses imported into the U.S. increased last year. Units of imports grew 5.7% last year to 2.4 million, while the dollar value of imports dropped to $185.4 million, a 6.9% decrease.
► Imports of mattresses and foundations from China jumped 24.7% last year, to about 1.3 million units, while the dollar value rose 19.9% to $89.8 million. China was the largest source country for bedding imports last year, followed by Mexico and Canada.
► The specialty sleep segment saw the dollar value of mattresses decline by 11.7%, while unit shipments were off 6.8%. In dollars, the specialty segment saw its market share of total mattress sales fall to 21.7% last year from 22.3% in 2008, although specialty sleep unit sales as a percentage of the total increased to 9.6% from 9.5%.
► The average unit price for specialty mattresses was $542.22 last year, compared with $208.31 for innerspring mattresses.
► Significant dollar shipment declines were recorded in all regions of the country last year, with double-digit declines in the Northeast and West.
► The dollar value of contract mattress sales declined 15.8% last year to $360.6 million in 2009.
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