Croatia: Bed-Convertible Seat Market 2024

Bed-Convertible Seat Market Size in Croatia

The Croatian bed-convertible seat market rose remarkably to $X in 2021, increasing by 7% against the previous year. In general, consumption, however, posted a resilient increase. Over the period under review, the market reached the maximum level in 2021 and is likely to see steady growth in years to come.

Bed-Convertible Seat Production in Croatia

In value terms, bed-convertible seat production amounted to $X in 2021 estimated in export price. Overall, production showed a abrupt downturn. The most prominent rate of growth was recorded in 2016 when the production volume increased by 13% against the previous year. Bed-convertible seat production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Bed-Convertible Seat Exports

Exports from Croatia

In 2021, shipments abroad of seats convertible into beds increased by 18% to X units, rising for the third year in a row after two years of decline. Overall, exports saw a notable expansion. The growth pace was the most rapid in 2013 with an increase of 95%. The exports peaked at X units in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, bed-convertible seat exports surged to $X in 2021. In general, exports saw a remarkable increase. The most prominent rate of growth was recorded in 2013 when exports increased by 138%. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Austria (X units), Bosnia and Herzegovina (X units) and Germany (X units) were the main destinations of bed-convertible seat exports from Croatia, together comprising 80% of total exports.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +35.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Austria ($X), Bosnia and Herzegovina ($X) and Germany ($X) were the largest markets for bed-convertible seat exported from Croatia worldwide, with a combined 70% share of total exports.

In terms of the main countries of destination, Germany, with a CAGR of +36.4%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average bed-convertible seat export price stood at $X per unit in 2021, rising by 5.1% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.8%. The most prominent rate of growth was recorded in 2013 when the average export price increased by 22%. The export price peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was France ($X per unit), while the average price for exports to Hungary ($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 the Czech Republic (+11.7%), while the prices for the other major destinations experienced more modest paces of growth.

Bed-Convertible Seat Imports

Imports into Croatia

In 2021, after two years of growth, there was decline in supplies from abroad of seats convertible into beds, when their volume decreased by -2.3% to X units. Over the period under review, imports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2016 with an increase of 60% against the previous year. Over the period under review, imports attained the peak figure at X units in 2020, and then shrank in the following year.

In value terms, bed-convertible seat imports totaled $X in 2021. In general, imports, however, enjoyed a resilient increase. The pace of growth appeared the most rapid in 2016 with an increase of 58% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, Bosnia and Herzegovina (X units) constituted the largest supplier of bed-convertible seat to Croatia, with a 57% share of total imports. Moreover, bed-convertible seat imports from Bosnia and Herzegovina exceeded the figures recorded by the second-largest supplier, Poland (X units), threefold. Serbia (X units) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Bosnia and Herzegovina stood at +8.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+15.1% per year) and Serbia (+17.0% per year).

In value terms, Bosnia and Herzegovina ($X) constituted the largest supplier of seats convertible into beds to Croatia, comprising 50% of total imports. The second position in the ranking was held by Poland ($X), with a 25% share of total imports. It was followed by Serbia, with a 9.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Bosnia and Herzegovina totaled +11.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+17.1% per year) and Serbia (+15.3% per year).

Import Prices by Country

The average bed-convertible seat import price stood at $X per unit in 2021, surging by 17% against the previous year. Over the period under review, import price indicated a mild increase from 2012 to 2021: its price increased at an average annual rate of +1.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, bed-convertible seat import price decreased by -32.3% against 2018 indices. The most prominent rate of growth was recorded in 2013 an increase of 39% against the previous year. The import price peaked at $X per unit in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Italy ($X per unit), while the price for Serbia ($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 (+11.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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