China: Bed-Convertible Seat Market 2024

Bed-Convertible Seat Market Size in China

In 2021, after two years of growth, there was significant decline in the Chinese bed-convertible seat market, when its value decreased by -5.6% to $X. Over the period under review, consumption showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 5.7%. Bed-convertible seat consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Bed-Convertible Seat Production in China

In value terms, bed-convertible seat production reduced modestly to $X in 2021 estimated in export price. In general, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the production volume increased by 6.6%. As a result, production attained the peak level of $X, and then fell modestly in the following year.

Bed-Convertible Seat Exports

Exports from China

In 2021, exports of seats convertible into beds from China expanded rapidly to X units, picking up by 7.6% on 2020 figures. Overall, total exports indicated a noticeable increase from 2012 to 2021: its volume increased at an average annual rate of +4.5% 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 +69.7% against 2016 indices. The most prominent rate of growth was recorded in 2018 with an increase of 21%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, bed-convertible seat exports rose slightly to $X in 2021. The total export value increased at an average annual rate of +2.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when exports increased by 18%. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

The United States (X units) was the main destination for bed-convertible seat exports from China, with a 26% share of total exports. Moreover, bed-convertible seat exports to the United States exceeded the volume sent to the second major destination, Germany (X units), twofold. The third position in this ranking was taken by Japan (X units), with a 7.8% share.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled +8.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+18.3% per year) and Japan (+3.0% per year).

In value terms, the United States ($X) remains the key foreign market for seats convertible into beds exports from China, comprising 23% of total exports. The second position in the ranking was taken by Japan ($X), with an 11% share of total exports. It was followed by Germany, with a 6% share.

From 2012 to 2021, the average annual growth rate of value to the United States totaled +4.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+5.7% per year) and Germany (+11.8% per year).

Export Prices by Country

In 2021, the average bed-convertible seat export price amounted to $X per unit, shrinking by -4% against the previous year. In general, the export price continues to indicate a slight contraction. The pace of growth appeared the most rapid in 2013 an increase of 5.6%. As a result, the export price reached the peak level of $X per unit. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Chile ($X per unit), while the average price for exports to Italy ($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 (+7.0%), while the prices for the other major destinations experienced more modest paces of growth.

Bed-Convertible Seat Imports

Imports into China

In 2021, purchases abroad of seats convertible into beds increased by 12% to X units for the first time since 2016, thus ending a four-year declining trend. Over the period under review, imports, however, recorded a abrupt decline. The pace of growth appeared the most rapid in 2013 when imports increased by 207% against the previous year. Over the period under review, imports attained the maximum at X units in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, bed-convertible seat imports totaled $X in 2021. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 301%. Imports peaked at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

Bulgaria (X units), the Netherlands (X units) and Italy (X units) were the main suppliers of bed-convertible seat imports to China, together comprising 54% of total imports. Poland, France, South Korea, Vietnam, Portugal and Romania lagged somewhat behind, together accounting for a further 30%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Portugal (with a CAGR of +64.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X) constituted the largest supplier of seats convertible into beds to China, comprising 40% of total imports. The second position in the ranking was held by Italy ($X), with a 13% share of total imports. It was followed by the Netherlands, with a 4.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from France amounted to +44.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+13.6% per year) and the Netherlands (+34.9% per year).

Import Prices by Country

The average bed-convertible seat import price stood at $X per unit in 2021, falling by -9.8% against the previous year. Overall, the import price, however, continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2018 when the average import price increased by 54%. The import price peaked at $X per unit in 2020, and then contracted in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+19.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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