Report Update Nov 1, 2024

Hong Kong SAR, China - Seats Convertible Into Beds - Market Analysis, Forecast, Size, Trends and Insights

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Hong Kong SAR, China: Bed-Convertible Seat Market 2024

Bed-Convertible Seat Market Size in Hong Kong SAR, China

In 2021, after five years of growth, there was significant decline in the Hong Kong bed-convertible seat market, when its value decreased by -15.8% to $X. Overall, consumption, however, continues to indicate a buoyant increase. Bed-convertible seat consumption peaked at $X in 2020, and then fell markedly in the following year.

Bed-Convertible Seat Exports

Exports from Hong Kong SAR, China

After six years of growth, shipments abroad of seats convertible into beds decreased by -58.1% to X units in 2021. In general, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2013 when exports increased by 733% against the previous year. Over the period under review, the exports attained the maximum at X units in 2020, and then contracted sharply in the following year.

In value terms, bed-convertible seat exports declined rapidly to $X in 2021. Over the period under review, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 835% against the previous year. The exports peaked at $X in 2020, and then shrank rapidly in the following year.

Exports by Country

Macao SAR (X units) was the main destination for bed-convertible seat exports from Hong Kong SAR, accounting for a 99% share of total exports. It was followed by China (X units), with a 0.6% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Macao SAR totaled +64.0%.

In value terms, Macao SAR ($X) remains the key foreign market for seats convertible into beds exports from Hong Kong SAR, comprising 99% of total exports. The second position in the ranking was held by China ($X), with a 0.5% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Macao SAR totaled +59.6%.

Export Prices by Country

The average bed-convertible seat export price stood at $X per unit in 2021, with an increase of 5.3% against the previous year. Overall, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average export price increased by 37%. As a result, the export price reached the peak level of $X per unit. From 2018 to 2021, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2021, the country with the highest price was Macao SAR ($X per unit), while the average price for exports to China amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (-0.1%), while the prices for the other major destinations experienced a decline.

Bed-Convertible Seat Imports

Imports into Hong Kong SAR, China

In 2021, overseas purchases of seats convertible into beds decreased by -18.1% to X units for the first time since 2017, thus ending a three-year rising trend. Over the period under review, imports, however, saw resilient growth. The most prominent rate of growth was recorded in 2013 when imports increased by 187%. As a result, imports attained the peak of X units. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, bed-convertible seat imports contracted notably to $X in 2021. Overall, imports, however, continue to indicate a strong expansion. The pace of growth was the most pronounced in 2013 when imports increased by 142%. Imports peaked at $X in 2020, and then dropped dramatically in the following year.

Imports by Country

In 2021, China (X units) was the main bed-convertible seat supplier to Hong Kong SAR, accounting for a approx. 98% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +7.6%.

In value terms, China ($X) constituted the largest supplier of seats convertible into beds to Hong Kong SAR.

From 2012 to 2021, the average annual growth rate of value from China stood at +12.8%.

Import Prices by Country

The average bed-convertible seat import price stood at $X per unit in 2021, therefore, remained relatively stable against the previous year. Over the period under review, import price indicated a notable expansion from 2012 to 2021: its price increased at an average annual rate of +4.1% 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 -1.6% against 2019 indices. The pace of growth was the most pronounced in 2015 an increase of 40% against the previous year. The import price peaked at $X per unit in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to +4.8% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for seats convertible into beds in the world?

China constituted the country with the largest volume of bed-convertible seat consumption, comprising approx. 28% of total volume. Moreover, bed-convertible seat consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. The third position in this ranking was occupied by Russia, with a 6.2% share.

What are the largest producers of seats convertible into beds in the world?

China remains the largest bed-convertible seat producing country worldwide, comprising approx. 34% of total volume. Moreover, bed-convertible seat production in China exceeded the figures recorded by the second-largest producer, the United States, fourfold. The third position in this ranking was occupied by Poland, with a 7.7% share.

What are the leading suppliers of seats convertible into beds to Hong Kong SAR, China?

In value terms, China constituted the largest supplier of bed-convertible seat to Hong Kong SAR, comprising 91% of total imports. The second position in the ranking was occupied by Turkey, with a 2.8% share of total imports.

What are the leading importers of seats convertible into beds from Hong Kong SAR, China?

In value terms, the largest markets for bed-convertible seat exported from Hong Kong SAR were Macao SAR, China and the United Arab Emirates, with a combined 100% share of total exports.

What is the average export price for seats convertible into beds in Hong Kong SAR, China?

In 2020, the average bed-convertible seat export price amounted to $162 per unit, with an increase of 14% against the previous year.

What is the average import price for seats convertible into beds in Hong Kong SAR, China?

The average bed-convertible seat import price stood at $104 per unit in 2020, reducing by -2.4% against the previous year.

This report provides an in-depth analysis of the bed-convertible seat market in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 31001210 - Seats convertible into beds (excluding garden seats or camping equipment)

Country coverage:

Hong Kong SAR

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Hong Kong SAR, China
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
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Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023