Brazil: Bed-Convertible Seat Market 2024

Bed-Convertible Seat Market Size in Brazil

The Brazilian bed-convertible seat market was finally on the rise to reach $X in 2021, after three years of decline. Overall, consumption recorded a relatively flat trend pattern. Bed-convertible seat consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Bed-Convertible Seat Production in Brazil

In value terms, bed-convertible seat production reached $X in 2021 estimated in export price. In general, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 22% against the previous year. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Bed-Convertible Seat Exports

Exports from Brazil

In 2021, shipments abroad of seats convertible into beds increased by 12% to X units, rising for the fourth year in a row after two years of decline. Overall, total exports indicated a slight expansion from 2012 to 2021: its volume increased at an average annual rate of +1.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +91.8% against 2017 indices. The growth pace was the most rapid in 2020 with an increase of 35%. Over the period under review, the exports attained the peak figure in 2021 and are likely to see steady growth in the immediate term.

In value terms, bed-convertible seat exports soared to $X in 2021. In general, total exports indicated a slight expansion from 2012 to 2021: its value increased at an average annual rate of +1.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +120.0% against 2017 indices. The most prominent rate of growth was recorded in 2018 with an increase of 44%. The exports peaked in 2021 and are likely to continue growth in the immediate term.

Exports by Country

The Netherlands (X units) was the main destination for bed-convertible seat exports from Brazil, with a 86% share of total exports. Moreover, bed-convertible seat exports to the Netherlands exceeded the volume sent to the second major destination, France (X units), more than tenfold. Uruguay (X units) ranked third in terms of total exports with a 3.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Netherlands amounted to +61.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-20.9% per year) and Uruguay (+14.2% per year).

In value terms, the Netherlands ($X) remains the key foreign market for seats convertible into beds exports from Brazil, comprising 77% of total exports. The second position in the ranking was held by Uruguay ($X), with a 9.5% share of total exports. It was followed by France, with a 6.5% share.

From 2012 to 2021, the average annual growth rate of value to the Netherlands amounted to +54.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uruguay (+17.8% per year) and France (-21.3% per year).

Export Prices by Country

The average bed-convertible seat export price stood at $X per unit in 2021, with an increase of 7.7% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 18%. As a result, the export price reached the peak level of $X per unit. From 2019 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Uruguay ($X per unit), while the average price for exports to France ($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 Uruguay (+3.1%), while the prices for the other major destinations experienced mixed trend patterns.

Bed-Convertible Seat Imports

Imports into Brazil

In 2021, approx. X units of seats convertible into beds were imported into Brazil; jumping by 77% on the previous year. Over the period under review, imports, however, continue to indicate a abrupt shrinkage. Imports peaked at X units in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, bed-convertible seat imports surged to $X in 2021. Overall, imports, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2018 with an increase of 86%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) was the main bed-convertible seat supplier to Brazil, with a 98% share of total imports. It was followed by the United States (X units), with a 0.5% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at -4.2%.

In value terms, China ($X) constituted the largest supplier of seats convertible into beds to Brazil, comprising 95% of total imports. The second position in the ranking was held by the United States ($X), with a 0.8% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to -6.2%.

Import Prices by Country

In 2021, the average bed-convertible seat import price amounted to $X per unit, shrinking by -15.4% against the previous year. Over the period under review, the import price saw a pronounced setback. The most prominent rate of growth was recorded in 2015 when the average import price increased by 29%. Over the period under review, average import prices hit record highs at $X per unit in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per unit), while the price for China stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+0.3%).

Source: IndexBox Platform

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