MERCOSUR: Bed-Convertible Seat Market 2024

Bed-Convertible Seat Market Size in MERCOSUR

After two years of decline, the MERCOSUR bed-convertible seat market increased by 2.2% to $X in 2021. The market value increased at an average annual rate of +2.5% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the market value increased by 9.6%. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Bed-Convertible Seat Production in MERCOSUR

In value terms, bed-convertible seat production shrank slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.6% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2014 when the production volume increased by 9.6% against the previous year. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Bed-Convertible Seat Exports

Exports in MERCOSUR

In 2021, overseas shipments of seats convertible into beds increased by 12% to X units, rising for the fourth year in a row after two years of decline. Total exports indicated a modest expansion from 2012 to 2021: its volume increased at an average annual rate of +1.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +85.4% against 2017 indices. The most prominent rate of growth was recorded in 2020 with an increase of 32%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, bed-convertible seat exports skyrocketed to $X in 2021. Total exports indicated a slight expansion from 2012 to 2021: its value increased at an average annual rate of +1.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +97.8% against 2017 indices. The most prominent rate of growth was recorded in 2018 with an increase of 38% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to continue growth in the near future.

Exports by Country

The biggest shipments were from Brazil (X units), together reaching 98% of total export.

Brazil was also the fastest-growing in terms of the seats convertible into beds exports, with a CAGR of +1.2% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) also remains the largest bed-convertible seat supplier in MERCOSUR.

From 2012 to 2021, the average annual growth rate of value in Brazil totaled +1.6%.

Export Prices by Country

The export price in MERCOSUR stood at $X per unit in 2021, surging by 8.2% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the export price increased by 15%. As a result, the export price reached the peak level of $X per unit. From 2019 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Brazil.

From 2012 to 2021, the rate of growth in terms of prices for Brazil amounted to +0.3% per year.

Bed-Convertible Seat Imports

Imports in MERCOSUR

In 2021, purchases abroad of seats convertible into beds increased by 63% to X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports enjoyed strong growth. The volume of import peaked at X units in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, bed-convertible seat imports soared to $X in 2021. Total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +6.3% 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

In 2021, Chile (X units) was the main importer of seats convertible into beds, generating 54% of total imports. Peru (X units) held a 23% share (based on physical terms) of total imports, which put it in second place, followed by Colombia (8.1%). Brazil (X units), Uruguay (X units), Argentina (X units) and Ecuador (X units) held a little share of total imports.

Imports into Chile increased at an average annual rate of +16.6% from 2012 to 2021. At the same time, Peru (+20.8%) and Uruguay (+1.1%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of +20.8% from 2012-2021. By contrast, Ecuador (-2.0%), Argentina (-2.1%), Brazil (-5.0%) and Colombia (-7.3%) illustrated a downward trend over the same period. While the share of Chile (+29 p.p.) and Peru (+15 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Uruguay (-2.4 p.p.), Ecuador (-3 p.p.), Argentina (-4.1 p.p.), Brazil (-7.5 p.p.) and Colombia (-21.3 p.p.) displayed negative dynamics.

In value terms, Chile ($X) constitutes the largest market for imported seats convertible into beds in MERCOSUR, comprising 54% of total imports. The second position in the ranking was held by Peru ($X), with a 19% share of total imports. It was followed by Colombia, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Chile stood at +16.1%. In the other countries, the average annual rates were as follows: Peru (+19.2% per year) and Colombia (-1.6% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per unit in 2021, increasing by 30% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The level of import peaked at $X per unit in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of destination: 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