Report Update Nov 1, 2024

Australia - Seats Convertible Into Beds - Market Analysis, Forecast, Size, Trends and Insights

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Australia: Bed-Convertible Seat Market 2024

Bed-Convertible Seat Market Size in Australia

After four years of growth, the Australian bed-convertible seat market decreased by -25.5% to $X in 2021. Over the period under review, consumption, however, recorded measured growth. As a result, consumption attained the peak level of $X, and then shrank sharply in the following year.

Bed-Convertible Seat Exports

Exports from Australia

In 2021, overseas shipments of seats convertible into beds increased by 1.1% to X units, rising for the third year in a row after two years of decline. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when exports increased by 736% against the previous year. The exports peaked at X units in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, bed-convertible seat exports soared to $X in 2021. In general, exports enjoyed a measured increase. The pace of growth was the most pronounced in 2019 when exports increased by 340%. Over the period under review, the exports attained the maximum in 2021 and are likely to see gradual growth in years to come.

Exports by Country

Lithuania (X units) was the main destination for bed-convertible seat exports from Australia, accounting for a 57% share of total exports. Moreover, bed-convertible seat exports to Lithuania exceeded the volume sent to the second major destination, the United States (X units), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Lithuania was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-5.9% per year) and Thailand (-48.9% per year).

In value terms, Lithuania ($X) emerged as the key foreign market for seats convertible into beds exports from Australia, comprising 46% of total exports. The second position in the ranking was taken by the United States ($X), with a 3.9% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Lithuania was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-22.6% per year) and Thailand (-37.2% per year).

Export Prices by Country

In 2021, the average bed-convertible seat export price amounted to $X per unit, with an increase of 41% against the previous year. Over the period under review, the export price showed perceptible growth. The growth pace was the most rapid in 2017 when the average export price increased by 90% against the previous year. The export price peaked in 2021 and is likely to continue growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Thailand ($X per unit), while the average price for exports to the United States ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+21.4%), while the prices for the other major destinations experienced mixed trend patterns.

Bed-Convertible Seat Imports

Imports into Australia

After five years of growth, supplies from abroad of seats convertible into beds decreased by -16.8% to X units in 2021. In general, total imports indicated a noticeable expansion from 2012 to 2021: its volume increased at an average annual rate of +2.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +85.8% against 2015 indices. The most prominent rate of growth was recorded in 2020 with an increase of 43%. As a result, imports attained the peak of X units, and then shrank remarkably in the following year.

In value terms, bed-convertible seat imports reduced remarkably to $X in 2021. Overall, imports, however, saw noticeable growth. The most prominent rate of growth was recorded in 2020 when imports increased by 57%. As a result, imports reached the peak of $X, and then contracted remarkably in the following year.

Imports by Country

In 2021, China (X units) was the main supplier of bed-convertible seat to Australia, with a approx. 99% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +2.5%.

In value terms, China ($X) constituted the largest supplier of seats convertible into beds to Australia.

From 2012 to 2021, the average annual growth rate of value from China stood at +3.8%.

Import Prices by Country

The average bed-convertible seat import price stood at $X per unit in 2021, waning by -12.3% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.5%. The pace of growth was the most pronounced in 2018 when the average import price increased by 28%. Over the period under review, average import prices hit record highs at $X per unit in 2020, and then fell in the following year.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to +1.3% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for seats convertible into beds in the world?

China remains the largest bed-convertible seat consuming country worldwide, comprising approx. 28% of total volume. Moreover, bed-convertible seat consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. The third position in this ranking was occupied by Russia, with a 6.2% share.

What are the largest producers of seats convertible into beds in the world?

China constituted the country with the largest volume of bed-convertible seat production, accounting for 34% of total volume. Moreover, bed-convertible seat production in China exceeded the figures recorded by the second-largest producer, the United States, fourfold. The third position in this ranking was occupied by Poland, with a 7.7% share.

What are the leading suppliers of seats convertible into beds to Australia?

In value terms, China constituted the largest supplier of bed-convertible seat to Australia.

What are the leading importers of seats convertible into beds from Australia?

In value terms, New Zealand, the Philippines and Samoa appeared to be the largest markets for bed-convertible seat exported from Australia worldwide, with a combined 95% share of total exports.

What is the average export price for seats convertible into beds in Australia?

The average bed-convertible seat export price stood at $63 per unit in 2020, shrinking by -38.2% against the previous year.

What is the average import price for seats convertible into beds in Australia?

The average bed-convertible seat import price stood at $55 per unit in 2020, reducing by -15.5% against the previous year.

This report provides an in-depth analysis of the bed-convertible seat market in Australia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 31001210 - Seats convertible into beds (excluding garden seats or camping equipment)

Country coverage:

Australia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Australia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023