Belgium: Bed-Convertible Seat Market 2024

Bed-Convertible Seat Market Size in Belgium

The Belgian bed-convertible seat market reduced to $X in 2021, declining by -7.5% against the previous year. In general, consumption, however, recorded resilient growth. Over the period under review, the market reached the peak level at $X in 2020, and then shrank in the following year.

Bed-Convertible Seat Production in Belgium

In value terms, bed-convertible seat production declined remarkably to $X in 2021 estimated in export price. Overall, production, however, showed a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 131%. As a result, production attained the peak level of $X, and then shrank dramatically in the following year.

Bed-Convertible Seat Exports

Exports from Belgium

Bed-convertible seat exports from Belgium surged to X units in 2021, with an increase of 114% against the previous year's figure. Overall, exports saw a buoyant expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 731% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, bed-convertible seat exports soared to $X in 2021. Over the period under review, exports showed resilient growth. The pace of growth appeared the most rapid in 2017 with an increase of 656%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in years to come.

Exports by Country

The UK (X units), France (X units) and the Netherlands (X units) were the main destinations of bed-convertible seat exports from Belgium, together comprising 70% of total exports. These countries were followed by Germany, Poland, Sweden and Italy, which together accounted for a further 25%.

From 2012 to 2021, the biggest increases were recorded for Sweden (with a CAGR of +136.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for bed-convertible seat exported from Belgium were the UK ($X), Germany ($X) and France ($X), with a combined 62% share of total exports. These countries were followed by the Netherlands, Poland, Sweden and Italy, which together accounted for a further 30%.

Sweden, with a CAGR of +161.6%, saw the highest rates of growth with regard to the value of exports, in terms of 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, picking up by 42% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.9%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Italy ($X per unit), while the average price for exports to the UK ($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 Sweden (+10.7%), while the prices for the other major destinations experienced more modest paces of growth.

Bed-Convertible Seat Imports

Imports into Belgium

In 2021, the amount of seats convertible into beds imported into Belgium surged to X units, picking up by 23% on 2020 figures. Overall, imports, however, saw a abrupt setback. The pace of growth was the most pronounced in 2018 with an increase of 209% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, bed-convertible seat imports skyrocketed to $X in 2021. Over the period under review, imports, however, continue to indicate a slight downturn. The pace of growth appeared the most rapid in 2018 with an increase of 232%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of bed-convertible seat to Belgium, with a 59% share of total imports. Moreover, bed-convertible seat imports from China exceeded the figures recorded by the second-largest supplier, Poland (X units), fourfold. Turkey (X units) ranked third in terms of total imports with a 9.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (-8.8% per year) and Turkey (+16.6% per year).

In value terms, the largest bed-convertible seat suppliers to Belgium were Poland ($X), China ($X) and Turkey ($X), together accounting for 67% of total imports.

In terms of the main suppliers, Turkey, with a CAGR of +21.0%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average bed-convertible seat import price stood at $X per unit in 2021, growing by 15% against the previous year. Over the last nine-year period, it increased at an average annual rate of +4.0%. The pace of growth appeared the most rapid in 2020 when the average import price increased by 26%. The import price peaked in 2021 and is likely to see gradual growth in years to come.

Prices varied noticeably country of origin: the country with the highest price was Denmark ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+15.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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