France: Bed-Convertible Seat Market 2024

Bed-Convertible Seat Market Size in France

For the fourth consecutive year, the French bed-convertible seat market recorded growth in sales value, which increased by 25% to $X in 2021. Overall, the total consumption indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +6.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +88.5% against 2017 indices. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Bed-Convertible Seat Production in France

In value terms, bed-convertible seat production rose notably to $X in 2021 estimated in export price. In general, production recorded a drastic downturn. The growth pace was the most rapid in 2018 when the production volume increased by 34% against the previous year. Bed-convertible seat production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Bed-Convertible Seat Exports

Exports from France

For the fourth year in a row, France recorded decline in overseas shipments of seats convertible into beds, which decreased by -12.4% to X units in 2021. Overall, exports recorded a perceptible setback. The most prominent rate of growth was recorded in 2017 when exports increased by 48% against the previous year. As a result, the exports attained the peak of X units. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, bed-convertible seat exports soared to $X in 2021. Over the period under review, total exports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.7% 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 +53.6% against 2019 indices. The most prominent rate of growth was recorded in 2017 when exports increased by 53% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

Germany (X units) was the main destination for bed-convertible seat exports from France, with a 39% share of total exports. Moreover, bed-convertible seat exports to Germany exceeded the volume sent to the second major destination, Switzerland (X units), threefold. The third position in this ranking was taken by Italy (X units), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume to Germany stood at -4.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+6.6% per year) and Italy (+12.8% per year).

In value terms, Germany ($X) remains the key foreign market for seats convertible into beds exports from France, comprising 39% of total exports. The second position in the ranking was taken by Switzerland ($X), with a 15% share of total exports. It was followed by Italy, with a 12% share.

From 2012 to 2021, the average annual growth rate of value to Germany totaled +2.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+15.2% per year) and Italy (+21.8% per year).

Export Prices by Country

The average bed-convertible seat export price stood at $X per unit in 2021, with an increase of 39% against the previous year. In general, the export price enjoyed a prominent increase. The growth pace was the most rapid in 2020 an increase of 65% against the previous year. The export price peaked in 2021 and is expected to retain growth in years to come.

Average prices varied noticeably for the major external markets. In 2021, the countries with the highest prices were the UK ($X per unit) and Austria ($X per unit), while the average price for exports to Germany ($X per unit) and Switzerland ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+8.0%), while the prices for the other major destinations experienced more modest paces of growth.

Bed-Convertible Seat Imports

Imports into France

In 2021, purchases 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. Over the period under review, imports posted a prominent increase. The most prominent rate of growth was recorded in 2014 with an increase of 106% against the previous year. Over the period under review, imports hit record highs at X units in 2016; afterwards, it flattened through to 2021.

In value terms, bed-convertible seat imports skyrocketed to $X in 2021. In general, imports showed strong growth. The most prominent rate of growth was recorded in 2014 when imports increased by 86%. Imports peaked in 2021 and are likely to continue growth in years to come.

Imports by Country

In 2021, Poland (X units) constituted the largest supplier of bed-convertible seat to France, with a 50% share of total imports. Moreover, bed-convertible seat imports from Poland exceeded the figures recorded by the second-largest supplier, Portugal (X units), fourfold. Romania (X units) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from Poland totaled +17.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (+21.2% per year) and Romania (+2.8% per year).

In value terms, Poland ($X) constituted the largest supplier of seats convertible into beds to France, comprising 50% of total imports. The second position in the ranking was held by Portugal ($X), with a 12% share of total imports. It was followed by Romania, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Poland stood at +16.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (+20.6% per year) and Romania (+2.2% per year).

Import Prices by Country

The average bed-convertible seat import price stood at $X per unit in 2021, increasing by 16% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 24% against the previous year. As a result, import price attained the peak level of $X per unit. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were Bulgaria ($X per unit) and Germany ($X per unit), while the price for China ($X per unit) and Poland ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bulgaria (-0.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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