India: Bed-Convertible Seat Market 2024

Bed-Convertible Seat Market Size in India

In 2021, after two years of growth, there was significant decline in the Indian bed-convertible seat market, when its value decreased by -6.8% to $X. The market value increased at an average annual rate of +1.4% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Bed-Convertible Seat Production in India

In value terms, bed-convertible seat production fell to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.0% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the production volume increased by 38%. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Bed-Convertible Seat Exports

Exports from India

In 2021, overseas shipments of seats convertible into beds increased by 95% to X units, rising for the third year in a row after two years of decline. In general, exports saw a significant increase. The growth pace was the most rapid in 2015 with an increase of 974% against the previous year. The exports peaked in 2021 and are likely to continue growth in the immediate term.

In value terms, bed-convertible seat exports skyrocketed to $X in 2021. Over the period under review, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 1,038% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Germany (X units) was the main destination for bed-convertible seat exports from India, with a 45% share of total exports. Moreover, bed-convertible seat exports to Germany exceeded the volume sent to the second major destination, Sweden (X units), threefold. Italy (X units) ranked third in terms of total exports with a 6.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany amounted to +177.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+78.9% per year) and Italy (+72.3% per year).

In value terms, Germany ($X) emerged as the key foreign market for seats convertible into beds exports from India, comprising 51% of total exports. The second position in the ranking was taken by Sweden ($X), with an 8.5% share of total exports. It was followed by the United States, with a 5.6% share.

From 2012 to 2021, the average annual growth rate of value to Germany stood at +156.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+124.7% per year) and the United States (+22.2% per year).

Export Prices by Country

The average bed-convertible seat export price stood at $X per unit in 2021, with an increase of 15% against the previous year. Over the period under review, the export price, however, faced a precipitous decline. The most prominent rate of growth was recorded in 2014 when the average export price increased by 317%. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Spain ($X per unit), while the average price for exports to Sweden ($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 Sweden (+25.6%), while the prices for the other major destinations experienced more modest paces of growth.

Bed-Convertible Seat Imports

Imports into India

In 2021, approx. X units of seats convertible into beds were imported into India; growing by 492% on the previous year's figure. Over the period under review, imports enjoyed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

Imports by Country

In 2021, China (X units) was the main supplier of bed-convertible seat to India, with a 95% share of total imports. It was followed by Malaysia (X units), with a 2% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China totaled +28.7%.

In value terms, China ($X) constituted the largest supplier of seats convertible into beds to India, comprising 83% of total imports. The second position in the ranking was held by Malaysia ($X), with a 5.4% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China amounted to +23.4%.

Import Prices by Country

The average bed-convertible seat import price stood at $X per unit in 2021, dropping by -49.6% against the previous year. Overall, the import price showed a pronounced shrinkage. The pace of growth was the most pronounced in 2013 an increase of 146% against the previous year. As a result, import price reached the peak level of $X per unit. From 2014 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Malaysia ($X per unit), while the price for China stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (-1.7%).

Source: IndexBox Platform

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