Benelux: Bed-Convertible Seat Market 2024

Bed-Convertible Seat Market Size in Benelux

The Benelux bed-convertible seat market dropped to $X in 2021, approximately equating the previous year. The total consumption indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -5.2% against 2018 indices. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Bed-Convertible Seat Production in Benelux

In value terms, bed-convertible seat production reduced to $X in 2021 estimated in export price. In general, production, however, showed a remarkable increase. The pace of growth appeared the most rapid in 2018 with an increase of 67% against the previous year. The level of production peaked at $X in 2020, and then reduced in the following year.

Bed-Convertible Seat Exports

Exports in Benelux

In 2021, exports of seats convertible into beds in Benelux soared to X units, picking up by 63% compared with the previous year's figure. In general, exports saw strong growth. The pace of growth appeared the most rapid in 2017 with an increase of 539%. Over the period under review, the exports reached the peak figure at X units in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, bed-convertible seat exports surged to $X in 2021. Overall, exports showed resilient growth. The most prominent rate of growth was recorded in 2017 when exports increased by 488% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to continue growth in the immediate term.

Exports by Country

Belgium was the major exporter of seats convertible into beds in Benelux, with the volume of exports recording X units, which was near 74% of total exports in 2021. It was distantly followed by the Netherlands (X units), making up a 25% share of total exports.

Belgium was also the fastest-growing in terms of the seats convertible into beds exports, with a CAGR of +11.4% from 2012 to 2021. At the same time, the Netherlands (+1.7%) displayed positive paces of growth. Belgium (+18 p.p.) significantly strengthened its position in terms of the total exports, while the Netherlands saw its share reduced by -18.4% from 2012 to 2021, respectively.

In value terms, Belgium ($X) remains the largest bed-convertible seat supplier in Benelux, comprising 74% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 25% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Belgium totaled +14.6%.

Export Prices by Country

In 2021, the export price in Benelux amounted to $X per unit, growing by 40% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.0%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was Belgium ($X per unit), while the Netherlands totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.0%).

Bed-Convertible Seat Imports

Imports in Benelux

Bed-convertible seat imports expanded remarkably to X units in 2021, increasing by 12% on the previous year's figure. In general, imports, however, showed a abrupt decline. The pace of growth was the most pronounced in 2018 when imports increased by 35% against the previous year. Over the period under review, imports attained the peak figure at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, bed-convertible seat imports soared to $X in 2021. Overall, imports, however, saw a pronounced reduction. The most prominent rate of growth was recorded in 2018 with an increase of 54%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Belgium (X units) and the Netherlands (X units) dominates imports structure, together constituting 96% of total imports. Luxembourg (X units) held a minor share of total imports.

From 2012 to 2021, the biggest increases were recorded for Luxembourg (with a CAGR of -1.3%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, the largest bed-convertible seat importing markets in Benelux were Belgium ($X), the Netherlands ($X) and Luxembourg ($X).

Luxembourg, with a CAGR of +6.1%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2021, the import price in Benelux amounted to $X per unit, growing by 15% against the previous year. Over the last nine years, it increased at an average annual rate of +2.7%. The most prominent rate of growth was recorded in 2013 an increase of 15% against the previous year. Over the period under review, import prices hit record highs in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Luxembourg ($X per unit), while the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Luxembourg (+7.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform