Austria: Bed-Convertible Seat Market 2024

Bed-Convertible Seat Market Size in Austria

The Austrian bed-convertible seat market surged to $X in 2021, rising by 33% against the previous year. The market value increased at an average annual rate of +4.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level in 2021 and is expected to retain growth in the near future.

Bed-Convertible Seat Production in Austria

In value terms, bed-convertible seat production totaled $X in 2021 estimated in export price. In general, production, however, saw a abrupt decrease. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Bed-Convertible Seat Exports

Exports from Austria

In 2021, approx. X units of seats convertible into beds were exported from Austria; shrinking by -10.5% against 2020 figures. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when exports increased by 130% against the previous year. Over the period under review, the exports hit record highs at X units in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, bed-convertible seat exports reduced modestly to $X in 2021. Overall, exports, however, saw a noticeable increase. The most prominent rate of growth was recorded in 2019 when exports increased by 133%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Slovenia (X units), Slovakia (X units) and Italy (X units) were the main destinations of bed-convertible seat exports from Austria, with a combined 75% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Slovenia (with a CAGR of +83.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for bed-convertible seat exported from Austria were Germany ($X), Slovenia ($X) and Slovakia ($X), together accounting for 73% of total exports.

Slovenia, with a CAGR of +74.5%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average bed-convertible seat export price amounted to $X per unit, with an increase of 6.7% against the previous year. Over the last nine years, it increased at an average annual rate of +2.7%. The growth pace was the most rapid in 2018 when the average export price increased by 28%. The export price peaked in 2021 and is likely to see gradual growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was Switzerland ($X per unit), while the average price for exports to Poland ($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 Switzerland (+14.2%), while the prices for the other major destinations experienced more modest paces of growth.

Bed-Convertible Seat Imports

Imports into Austria

In 2021, supplies from abroad of seats convertible into beds increased by 25% to X units for the first time since 2016, thus ending a four-year declining trend. Overall, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when imports increased by 40% against the previous year. Over the period under review, imports attained the peak figure at X units in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, bed-convertible seat imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +5.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when imports increased by 36% against the previous year. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the near future.

Imports by Country

Germany (X units), Poland (X units) and Ukraine (X units) were the main suppliers of bed-convertible seat imports to Austria, with a combined 68% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Ukraine (with a CAGR of +97.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest bed-convertible seat suppliers to Austria were Germany ($X), Poland ($X) and Ukraine ($X), with a combined 76% share of total imports.

Ukraine, with a CAGR of +86.8%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average bed-convertible seat import price amounted to $X per unit, growing by 2.7% against the previous year. Overall, import price indicated notable growth from 2012 to 2021: its price increased at an average annual rate of +4.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, bed-convertible seat import price increased by +74.9% against 2017 indices. The pace of growth was the most pronounced in 2018 when the average import price increased by 23% against the previous year. The import price peaked in 2021 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Poland ($X per unit), while the price for Bosnia and Herzegovina ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+12.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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