Latin America and the Caribbean: Bed-Convertible Seat Market 2024

Bed-Convertible Seat Market Size in Latin America and the Caribbean

The Latin American bed-convertible seat market was estimated at $X in 2021, approximately mirroring the previous year. The market value increased at an average annual rate of +2.7% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2018; afterwards, it flattened through to 2021.

Bed-Convertible Seat Production in Latin America and the Caribbean

In value terms, bed-convertible seat production contracted modestly to $X in 2021 estimated in export price. The total production indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +1.9% against 2019 indices. The pace of growth appeared the most rapid in 2017 when the production volume increased by 33% against the previous year. The level of production peaked at $X in 2020, and then reduced modestly in the following year.

Bed-Convertible Seat Exports

Exports in Latin America and the Caribbean

For the fourth year in a row, LatAmerica and the Caribbean recorded growth in shipments abroad of seats convertible into beds, which increased by 5.7% to X units in 2021. Total exports indicated pronounced growth from 2012 to 2021: its volume increased at an average annual rate of +3.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +75.5% against 2017 indices. The most prominent rate of growth was recorded in 2020 with an increase of 25%. Over the period under review, the exports attained the maximum in 2021 and are likely to continue growth in the near future.

In value terms, bed-convertible seat exports surged to $X in 2021. Overall, exports enjoyed strong growth. The pace of growth was the most pronounced in 2019 with an increase of 38%. Over the period under review, the exports reached the maximum in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

In 2021, Brazil (X units) was the major exporter of seats convertible into beds, making up 63% of total exports. It was distantly followed by Mexico (X units), comprising a 35% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Mexico (with a CAGR of +11.0%).

In value terms, Mexico ($X) remains the largest bed-convertible seat supplier in Latin America and the Caribbean, comprising 75% of total exports. The second position in the ranking was held by Brazil ($X), with a 22% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Mexico amounted to +15.3%.

Export Prices by Country

In 2021, the export price in Latin America and the Caribbean amounted to $X per unit, picking up by 10% against the previous year. Export price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +5.9% 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 export price increased by +88.7% against 2015 indices. The pace of growth appeared the most rapid in 2017 when the export price increased by 55% against the previous year. The level of export peaked in 2021 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Mexico ($X per unit), while Brazil totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+3.9%).

Bed-Convertible Seat Imports

Imports in Latin America and the Caribbean

In 2021, supplies from abroad of seats convertible into beds was finally on the rise to reach X units after two years of decline. Total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +5.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports reached the peak figure at X units in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, bed-convertible seat imports skyrocketed to $X in 2021. Total imports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Chile (X units) and Mexico (X units) represented the main importers of seats convertible into beds in 2021, resulting at approx. 36% and 24% of total imports, respectively. It was distantly followed by Peru (X units) and Colombia (X units), together making up a 21% share of total imports. The following importers - Brazil (X units), Uruguay (X units) and Argentina (X units) - together made up 7.2% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Peru (with a CAGR of +20.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest bed-convertible seat importing markets in Latin America and the Caribbean were Chile ($X), Mexico ($X) and Peru ($X), together accounting for 69% of total imports.

Among the main importing countries, Peru, with a CAGR of +19.2%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per unit in 2021, rising by 12% against the previous year. Overall, the import price saw a relatively flat trend pattern. Over the period under review, import prices reached the maximum at $X per unit in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Colombia (+6.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :