Consumer Hardlines Industry News: October 2021 Mattress Imports -- Imports Fall from 8 Countries Subject to Antidumping; Mattress Imports from Other Countries Rise



SUMMARY
  • This note addresses the October 2021 mattress import data reported on the Department of Commerce, US International Trade Commission dataweb site, https://dataweb.usitc.gov. We track that data for three specific Harmonized Tariff System ten-digit codes (HTS-10) that we believe define adult mattresses. Barring atypical calendar issues, detailed import unit and customs value data is reported ~70 days after the month-end of the month being reported.
  • Mattress imports attracted investor scrutiny after a surge of low-cost imported mattresses severely impacted the production and sales volumes of domestic mattress producers, and component and fabric suppliers to those domestic mattress producers. That surge of imports catalyzed several USITC/USITA antidumping investigations and determinations that assessed duties mattress imports from eight countries.
  • Under Industry Statistics, we present just-released data for October 2021 versus October 2020 (y/y comparison) and September 2021 (sequential comp.). In Figure 1 following we present data for 2021 and 2020, YTD. Our historical database is available on request. The top half of the tables shows the data for the eight countries subject to the antidumping investigations and resulting tariffs. The bottom half shows data for selected geographies and the rest of the world (ROW).
  • The data provides convincing evidence that antidumping duties curtail import flow from countries that are subject to meaningful antidumping margins (duties). For October, unit imports fell by ~75% and customs value of mattress imports fell by ~81%. For the 10 months reported this year, unit imports fell by ~68% and customs value declined by ~74% for the eight countries subject to mattress antidumping duties.
  • The data, however, is less convincing when attention is focused on countries that are not now subject to antidumping duties. For October, unit imports from other geographies grew by a whopping 432%, y/y and by ~180% for 2021 to date. Several countries, such as Bulgaria and Kosovo, where there were previous little-to-no U.S. mattress imports, are now reporting sizable units, with calculated low unit values. Inside, we make several other points.
INDUSTRY STATISTICS

US Mattress Imports – Yr./Yr. & Mo/Mo.

Source: USITC dataweb; Water Tower Research

Note: 2020 data as restated on USITC dataweb

This note addresses the October 2021 mattress import data reported on the Department of Commerce, US International Trade Commission dataweb site, https://dataweb.usitc.gov. We track that data for three specific Harmonized Tariff System ten-digit codes (HTS-10) that we believe define adult mattresses. Barring atypical calendar issues, detailed import unit and customs value data is reported ~70 days after the month-end of the month being reported.

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