Mattress Imports November 2021: Units/$ Fall from Duty-Affected Countries; Imports from Other Countries Surge



SUMMARY
  • This note addresses the November 2021 mattress import data reported on the Department of Commerce, U.S. 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 define adult mattresses. Detailed import unit and customs value data are normally posted ~70 days after the month-end of the month being reported.
  • Mattress imports attracted investor scrutiny after a surge of low-cost imported mattresses impacted 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 on mattress imports from China and seven other countries (AD8).
  • Under Industry Statistics, we present just-released data for November 2021 versus November 2020 (y/y comp.) and October 2021 (sequential comp.). In Figure 1, we present data for 2021 and 2020 YTD. The top half of the tables shows data for the AD8. The bottom shows data for another eight selected geographies and the rest of the world (ROW).
  • The monthly and cumulative data gives convincing evidence that antidumping duties curtail imports from countries subjected to meaningful antidumping margins (duties). For November 2021, unit imports fell by ~10.5% and customs value of mattress imports fell by ~12.1%. For the 11 months through November 2021, unit imports fell by ~66% and customs value fell by ~72% for the eight countries subject to antidumping duties. November 2020 was the first month that the impact of these duties on seven additional countries was clearly visible.
  • The picture reverses when we focus on imports from countries not subject to antidumping duties. For November 2021, unit imports from the eight selected geographies grew by ~316%, y/y, and by ~180% for 2021 through November. Bulgaria and Kosovo, where there were previously little-to-no U.S. mattress imports, are now reporting sizable units, with calculated low unit values. Inside, we make several other points. Given the increase from non-antidumping-affected countries, total mattress unit imports in November 2021 grew by ~107%.
INDUSTRY STATISTICS

US Mattress Imports—Y/Y and M/M

Source: USITC Dataweb; Water Tower Research

This note addresses the November 2021 mattress import data reported on the Department of Commerce, U.S. 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 define adult mattresses. Detailed import unit and customs value data are normally posted ~70 days after the month-end of the month being reported.

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