Israel: Bed-Convertible Seat Market 2024

Bed-Convertible Seat Market Size in Israel

The Israeli bed-convertible seat market totaled $X in 2021, rising by 13% 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). Overall, consumption showed a buoyant expansion. Bed-convertible seat consumption peaked at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Bed-Convertible Seat Exports

Exports from Israel

Bed-convertible seat exports from Israel reduced rapidly to X units in 2021, dropping by -36% compared with 2020. Over the period under review, exports continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2016 when exports increased by 337%. As a result, the exports attained the peak of X units. From 2017 to 2021, the growth of the exports remained at a lower figure.

In value terms, bed-convertible seat exports dropped significantly to $X in 2021. Overall, exports recorded a abrupt setback. The most prominent rate of growth was recorded in 2016 when exports increased by 317% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Denmark (X units) was the main destination for bed-convertible seat exports from Israel, accounting for a 59% share of total exports. Moreover, bed-convertible seat exports to Denmark exceeded the volume sent to the second major destination, Gambia (X units), fourfold. Canada (X units) ranked third in terms of total exports with a 9.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Denmark totaled +40.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Gambia (0.0% per year) and Canada (-19.8% per year).

In value terms, the largest markets for bed-convertible seat exported from Israel were Denmark ($X), Canada ($X) and the United States ($X), with a combined 71% share of total exports.

The United States, with a CAGR of +13.3%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average bed-convertible seat export price amounted to $X per unit, reducing by -36.9% against the previous year. Over the period under review, the export price, however, enjoyed measured growth. The pace of growth was the most pronounced in 2020 when the average export price increased by 22%. As a result, the export price attained the peak level of $X per unit, and then shrank sharply in the following year.

Prices varied noticeably country of destination: the country with the highest price was Russia ($X per unit), while the average price for exports to Gambia ($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 Hungary (+26.2%), while the prices for the other major destinations experienced more modest paces of growth.

Bed-Convertible Seat Imports

Imports into Israel

In 2021, approx. X units of seats convertible into beds were imported into Israel; with an increase of 6.3% on 2020. Over the period under review, imports recorded a resilient expansion. The pace of growth was the most pronounced in 2014 when imports increased by 163%. Imports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, bed-convertible seat imports rose rapidly to $X in 2021. Overall, imports recorded prominent growth. The pace of growth appeared the most rapid in 2014 when imports increased by 147% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Turkey (X units), Poland (X units) and China (X units) were the main suppliers of bed-convertible seat imports to Israel, together accounting for 40% of total imports. Romania, Hong Kong SAR, Russia, Italy, Bulgaria and Denmark lagged somewhat behind, together accounting for a further 12%.

From 2012 to 2021, the biggest increases were recorded for Russia (with a CAGR of +35.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Poland ($X) and China ($X) constituted the largest bed-convertible seat suppliers to Israel, together accounting for 39% of total imports. These countries were followed by Romania, Russia, Hong Kong SAR, Italy, Bulgaria and Denmark, which together accounted for a further 13%.

Russia, with a CAGR of +41.5%, recorded the highest growth rate of the value of imports, in terms of 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, with an increase of 8.1% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 14%. Over the period under review, average import prices reached the maximum at $X per unit in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Russia ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bulgaria (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :