Greece: Bed-Convertible Seat Market 2024

Bed-Convertible Seat Market Size in Greece

The Greek bed-convertible seat market soared to $X in 2021, increasing by 27% 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, however, recorded a drastic downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Bed-Convertible Seat Exports

Exports from Greece

In 2021, the amount of seats convertible into beds exported from Greece skyrocketed to X units, with an increase of 128% against the year before. Overall, exports, however, saw a mild shrinkage. The growth pace was the most rapid in 2018 with an increase of 271% against the previous year. Over the period under review, the exports hit record highs at X units in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, bed-convertible seat exports skyrocketed to $X in 2021. Over the period under review, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by 348% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Cyprus (X units) was the main destination for bed-convertible seat exports from Greece, with a 85% share of total exports. Moreover, bed-convertible seat exports to Cyprus exceeded the volume sent to the second major destination, the United Arab Emirates (X units), more than tenfold. Poland (X units) ranked third in terms of total exports with a 3.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Cyprus stood at -1.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (0.0% per year) and Poland (+164.6% per year).

In value terms, Cyprus ($X) remains the key foreign market for seats convertible into beds exports from Greece, comprising 78% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with an 11% share of total exports. It was followed by Poland, with a 3.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Cyprus amounted to -1.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (0.0% per year) and Poland (+123.1% per year).

Export Prices by Country

In 2021, the average bed-convertible seat export price amounted to $X per unit, rising by 20% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average export price increased by 21%. Over the period under review, the average export prices reached the peak figure 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 the United Arab Emirates ($X per unit), while the average price for exports to Romania ($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 Romania (+3.2%), while the prices for the other major destinations experienced mixed trend patterns.

Bed-Convertible Seat Imports

Imports into Greece

In 2021, bed-convertible seat imports into Greece was estimated at X units, picking up by 13% against 2020. In general, imports, however, saw a abrupt downturn. The most prominent rate of growth was recorded in 2019 with an increase of 130%. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, bed-convertible seat imports surged to $X in 2021. Over the period under review, imports, however, saw a noticeable setback. The growth pace was the most rapid in 2019 with an increase of 139%. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of bed-convertible seat to Greece, with a 55% share of total imports. Moreover, bed-convertible seat imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), twofold. The third position in this ranking was held by Bulgaria (X units), with a 9.7% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at -5.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-2.5% per year) and Bulgaria (-4.8% per year).

In value terms, the largest bed-convertible seat suppliers to Greece were Turkey ($X), China ($X) and Romania ($X), together accounting for 77% of total imports. Bulgaria, Poland, Italy and India lagged somewhat behind, together comprising a further 21%.

Poland, with a CAGR of +15.9%, recorded the highest growth rate of 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, picking up by 25% against the previous year. Overall, import price indicated a perceptible expansion from 2012 to 2021: its price increased at an average annual rate of +3.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, bed-convertible seat import price decreased by -30.1% against 2019 indices. The pace of growth was the most pronounced in 2013 when the average import price increased by 38% against the previous year. The import price peaked at $X per unit in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+15.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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