NEW YORK – Mattress importers are moving their operations from Vietnam, Thailand and Cambodia to Taiwan, Bangladesh and India, according to a report from Piper Sandler.

Piper Sandler, based here, says the moves are in response to high preliminary antidumping duties assigned to Vietnam, Thailand and Cambodia.

“Mattress production appears to already be shifting,” the firm wrote in a report on the impact of the preliminary antidumping duties announced in late October.

“Based on our industry conversations, we believe the overly prohibitive antidumping duty rates for Thailand, Cambodia and Vietnam are because these were the primary countries that Chinese manufacturers moved to in early 2019 to avoid the China antidumping rates,” Piper Sandler said. “As we understand it, some (if not all) of these manufacturers are picking up and moving again to Taiwan, Bangladesh and India. These manufacturers are now moving all equipment and employees to the new countries to allow for a more efficient re-start to production.”

Piper Sandler said pricing of mattress imports could move up, perhaps from 5% to 15%, as a result of the production changes and moves to new countries. But it said many domestic manufacturers are also moving up prices by a comparable amount in the fourth quarter.

The preliminary determination of antidumping duties for Thailand was 573% to 763%. It was 253% for Cambodia and 191% to 990% for Vietnam.

Piper Sandler said that domestic manufacturers “may see some modest short-term benefit in Q4 and early 2021” as a result of the announcement of the preliminary determinations of antidumping duties. “But we expect the import dynamics to get back to normal by mid-2021,” the firm said.

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