Indonesia: Bed-Convertible Seat Market 2024

Bed-Convertible Seat Market Size in Indonesia

After two years of growth, the Indonesian bed-convertible seat market decreased by -10.1% to $X in 2021. Over the period under review, the total consumption indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +4.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -5.1% against 2017 indices. Bed-convertible seat consumption peaked at $X in 2020, and then dropped in the following year.

Bed-Convertible Seat Production in Indonesia

In value terms, bed-convertible seat production shrank to $X in 2021 estimated in export price. Overall, the total production indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -5.6% against 2017 indices. The most prominent rate of growth was recorded in 2014 with an increase of 35% against the previous year. Over the period under review, production attained the peak level at $X in 2020, and then declined in the following year.

Bed-Convertible Seat Exports

Exports from Indonesia

In 2021, exports of seats convertible into beds from Indonesia contracted modestly to X units, waning by -3.5% on the previous year. In general, exports recorded a deep reduction. The most prominent rate of growth was recorded in 2015 with an increase of 3.1% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, bed-convertible seat exports shrank to $X in 2021. Over the period under review, exports recorded a abrupt contraction. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for bed-convertible seat exports from Indonesia, accounting for a 92% share of total exports. Moreover, bed-convertible seat exports to the United States exceeded the volume sent to the second major destination, Canada (X units), more than tenfold. The third position in this ranking was taken by Norway (X units), with a 0.2% share.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled -5.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+5.8% per year) and Norway (-39.4% per year).

In value terms, the United States ($X) remains the key foreign market for seats convertible into beds exports from Indonesia, comprising 79% of total exports. The second position in the ranking was held by Canada ($X), with an 11% share of total exports. It was followed by Japan, with a 0.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to -1.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+10.4% per year) and Japan (-44.0% per year).

Export Prices by Country

In 2021, the average bed-convertible seat export price amounted to $X per unit, approximately equating the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.2%. The most prominent rate of growth was recorded in 2014 when the average export price increased by 43%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Singapore ($X per unit), while the average price for exports to the United States ($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 Norway (+15.9%), while the prices for the other major destinations experienced more modest paces of growth.

Bed-Convertible Seat Imports

Imports into Indonesia

In 2021, overseas purchases of seats convertible into beds decreased by -10.3% to X units, falling for the third consecutive year after three years of growth. Over the period under review, imports, however, recorded a significant expansion. The growth pace was the most rapid in 2014 with an increase of 1,289%. Imports peaked at X units in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, bed-convertible seat imports shrank slightly to $X in 2021. Overall, imports, however, recorded significant growth. The pace of growth appeared the most rapid in 2014 with an increase of 926% against the previous year. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) was the main supplier of bed-convertible seat to Indonesia, with a approx. 99% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +42.3%.

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

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +40.3%.

Import Prices by Country

The average bed-convertible seat import price stood at $X per unit in 2021, surging by 8.6% against the previous year. In general, the import price, however, showed a mild slump. The most prominent rate of growth was recorded in 2015 when the average import price increased by 98%. As a result, import price attained the peak level of $X per unit. From 2016 to 2021, the average import prices remained at a somewhat lower figure.

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 -1.4% per year.

Source: IndexBox Platform

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