ALEXANDRIA, Va. – The domestic bedding industry suffered steep declines in the second quarter, with mattress dollars plunging 20% and mattress units falling 8.1%, an industry report says.
The second quarter Bedding Market Quarterly, issued by the International Sleep Products Assn., reported soaring mattress imports, with imported mattress dollars posting a 91.1% gain and imported mattress units increasing by 76.4%.
Overall, the total market for mattresses, stationary and motion foundations was down 11.9% in the second quarter in dollars and was down 2% in units, ISPA said.
Motion foundation dollars, from both domestic production and imports, were down 5.4% in the second quarter, while motion foundation units were down 27.7%. Year-to-date motion foundation dollars are up 19.7%, with units down 1.9%.
Bedding observers said the report reflects the impact of the COVID-19 pandemic on the domestic industry, which was virtually shut down in the early days of the pandemic, and a move by bedding importers to beat duties on imports by stocking up on them before duties are imposed.
The new ISPA report shows continuing declines in U.S.-produced stationary foundations, down 24.6% in dollars and 18.8% in units in the second quarter. Imported stationary foundations were up 30.3% in dollars in the second quarter, while imported stationary foundation units were up 13.4%.
Year-to-date bedding dollars for the total market are down 3.9%, while units are down 0.5%.
Domestic mattress dollars are down 11.6% so far this year, while domestic mattress units are down 6.1%. Imported mattress dollars are up 45.8% year-to-date, while imported mattress units are up 39%.
In a Quarterly Insights column accompanying the report, Jerry Epperson, managing director of Mann, Armistead & Epperson, called the domestic mattress declines “very discouraging.”
“Domestic made mattresses declined 3.3% in the first quarter and another 20% in the second, or down 11.6% for the first six months,” Epperson wrote. “While this is very discouraging, everyone recognizes that a large quantity of mattress retailers were not open for this period, so considering that, these are better than one could have expected. It is tough to sell from a closed store. We have learned that some people consider mattresses non-essential. I hope they have to sleep on the floor.”
Epperson also noted that retail business conditions have picked up significantly in recent weeks. “Many have reported near-record June sales,” he said.