Ghana: Bed-Convertible Seat Market 2024

Bed-Convertible Seat Market Size in Ghana

The Ghanian bed-convertible seat market soared to $X in 2021, with an increase of 171% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw a significant expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Bed-Convertible Seat Exports

Exports from Ghana

After two years of growth, overseas shipments of seats convertible into beds decreased by -14.3% to X units in 2021. Overall, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 600%. Over the period under review, the exports reached the maximum at X units in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, bed-convertible seat exports reduced rapidly to $X in 2021. In general, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 450% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Burkina Faso (X units) was the main destination for bed-convertible seat exports from Ghana, with a 67% share of total exports. Moreover, bed-convertible seat exports to Burkina Faso exceeded the volume sent to the second major destination, Cote d'Ivoire (X units), fourfold. Ethiopia (X units) ranked third in terms of total exports with a 17% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Burkina Faso amounted to +18.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cote d'Ivoire (0.0% per year) and Ethiopia (-8.3% per year).

In value terms, Burkina Faso ($X) remains the key foreign market for seats convertible into beds exports from Ghana, comprising 74% of total exports. The second position in the ranking was held by Cote d'Ivoire ($X), with a 17% share of total exports. It was followed by Ethiopia, with an 8.8% share.

From 2012 to 2021, the average annual growth rate of value to Burkina Faso amounted to +57.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cote d'Ivoire (+57.6% per year) and Ethiopia (+11.7% per year).

Export Prices by Country

In 2021, the average bed-convertible seat export price amounted to $X per unit, reducing by -22.3% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of 58% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2020, and then fell rapidly in the following year.

Prices varied noticeably country of destination: the country with the highest price was Cote d'Ivoire ($X per unit), while the average price for exports to Angola ($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 Cameroon (+174.0%), while the prices for the other major destinations experienced more modest paces of growth.

Bed-Convertible Seat Imports

Imports into Ghana

In 2021, approx. X units of seats convertible into beds were imported into Ghana; with an increase of 191% compared with 2020. Over the period under review, imports continue to indicate significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, bed-convertible seat imports soared to $X in 2021. In general, imports enjoyed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest supplier of bed-convertible seat to Ghana, with a 46% share of total imports. Moreover, bed-convertible seat imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), twofold. Turkey (X units) ranked third in terms of total imports with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +39.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+27.1% per year) and Turkey (+48.3% per year).

In value terms, the largest bed-convertible seat suppliers to Ghana were China ($X), Turkey ($X) and the United States ($X), together accounting for 89% of total imports.

Turkey, with a CAGR of +63.7%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average bed-convertible seat import price amounted to $X per unit, falling by -11.5% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.7%. The pace of growth appeared the most rapid in 2013 when the average import price increased by 57%. Over the period under review, average import prices reached the peak figure at $X per unit in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Turkey ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+10.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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