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Egypt's bedding sector growth slows down in June
17
Aug '12
The bedding industry in Egypt has witnessed a decline in its growth rate during June this year, according to the Bedding Barometer report released by the International Sleep Products Association (ISPA).
 
The report is derived on the basis of performance of a sample of data taken from 18 leading Egyptian bedding makers.
 
The growth rate of bedding sector was one percent in June, far below the 12.8 percent growth attained by the sector during May, when bedding shipments soared by 18.3 percent in terms of dollar value.
 
In comparison, the value of bedding exports in terms of US dollars grew by 5.3 percent year-on-year during June, mainly owing to the specialty sleep bedding retaining its sales momentum.
 
The June report reflects that innerspring mattress production for the month of June dipped by 1.3 percent, while that of specialty mattress grew by 6.4 percent.
 
During January-June period, bedding sales increased at a year-on-year rate of 8.3 percent, while dollar value of bedding exports increased by 15.9 percent, the report said.
 
Registering a year-on-year fall of 4.3 percent, the average unit price (AUP) of specialty mattresses decreased to US$ 774.29 in June, while AUP of innerspring mattresses increased by 7.8 percent to US$ 254.85.
 
Indicative of a rise of 6.1 percent, AUP of innerspring mattresses rose to US$ 250.03 during January-June, while specialty mattresses AUP dropped by 1.1 percent to US$ 760.70, the ISPA report said. On the whole, the AUP for the first half of the current year increased by 7 percent to US$ 215.18.
 
The Bedding Barometer report reflects the performance of bedding makers, who together contributed about 66 percent of the total production and around 76 percent of the wholesale dollar value of bedding shipments during last year.
 

Fibre2fashion News Desk - India


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