Luxembourg: Bed-Convertible Seat Market 2024

Bed-Convertible Seat Market Size in Luxembourg

The Luxembourg bed-convertible seat market soared to $X in 2021, with an increase of 16% 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, the total consumption indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +2.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +57.6% against 2019 indices. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Bed-Convertible Seat Exports

Exports from Luxembourg

In 2021, shipments abroad of seats convertible into beds decreased by -33.6% to X units, falling for the second consecutive year after two years of growth. In general, exports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2018 when exports increased by 982% against the previous year. The exports peaked at X units in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, bed-convertible seat exports dropped to $X in 2021. Overall, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 768% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

France (X units) was the main destination for bed-convertible seat exports from Luxembourg, with a 96% share of total exports. It was followed by Germany (X units), with a 2% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to France amounted to +61.5%.

In value terms, France ($X) remains the key foreign market for seats convertible into beds exports from Luxembourg, comprising 85% of total exports. The second position in the ranking was taken by Germany ($X), with a 3.2% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to France stood at +166.5%.

Export Prices by Country

The average bed-convertible seat export price stood at $X per unit in 2021, picking up by 32% against the previous year. Overall, export price indicated a slight increase from 2012 to 2021: its price increased at an average annual rate of +1.3% 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 +79.6% against 2019 indices. The pace of growth was the most pronounced in 2020 when the average export price increased by 36% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is likely to see gradual growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was Germany ($X per unit), while the average price for exports to France stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+6.6%), while the prices for the other major destinations experienced mixed trend patterns.

Bed-Convertible Seat Imports

Imports into Luxembourg

In 2021, supplies from abroad of seats convertible into beds decreased by -14.3% to X units, falling for the second consecutive year after two years of growth. Over the period under review, imports saw a mild curtailment. The most prominent rate of growth was recorded in 2014 with an increase of 31%. As a result, imports reached the peak of X units. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, bed-convertible seat imports soared to $X in 2021. Overall, total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +6.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +105.7% against 2017 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 42%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, Poland (X units) constituted the largest bed-convertible seat supplier to Luxembourg, with a 59% share of total imports. Moreover, bed-convertible seat imports from Poland exceeded the figures recorded by the second-largest supplier, Germany (X units), twofold. France (X units) ranked third in terms of total imports with a 4.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Poland stood at +26.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-11.7% per year) and France (+6.3% per year).

In value terms, Germany ($X) constituted the largest supplier of seats convertible into beds to Luxembourg, comprising 61% of total imports. The second position in the ranking was taken by Poland ($X), with a 27% share of total imports. It was followed by France, with a 4.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled +3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+24.7% per year) and France (+12.7% per year).

Import Prices by Country

The average bed-convertible seat import price stood at $X per unit in 2021, with an increase of 41% against the previous year. Overall, the import price continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2020 when the average import price increased by 54% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+16.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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