Mexico: Bed-Convertible Seat Market 2024

Bed-Convertible Seat Market Size in Mexico

The Mexican bed-convertible seat market declined slightly to $X in 2021, approximately equating the previous year. Overall, the total consumption indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +2.7% 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 +3.9% against 2019 indices. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Bed-Convertible Seat Production in Mexico

In value terms, bed-convertible seat production contracted to $X in 2021 estimated in export price. In general, the total production indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +2.5% against 2019 indices. The most prominent rate of growth was recorded in 2017 with an increase of 55%. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a somewhat lower figure.

Bed-Convertible Seat Exports

Exports from Mexico

In 2021, after two years of growth, there was significant decline in shipments abroad of seats convertible into beds, when their volume decreased by -5.4% to X units. Over the period under review, exports, however, posted a strong increase. The most prominent rate of growth was recorded in 2014 when exports increased by 89%. As a result, the exports attained the peak of X units. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, bed-convertible seat exports stood at $X in 2021. In general, exports, however, continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2019 when exports increased by 59%. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the immediate term.

Exports by Country

The United States (X units) was the main destination for bed-convertible seat exports from Mexico, accounting for a 91% 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), tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to +11.5%.

In value terms, the United States ($X) remains the key foreign market for seats convertible into beds exports from Mexico, comprising 93% of total exports. The second position in the ranking was taken by Canada ($X), with a 6.9% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United States totaled +19.0%.

Export Prices by Country

In 2021, the average bed-convertible seat export price amounted to $X per unit, picking up by 21% against the previous year. In general, export price indicated noticeable growth from 2012 to 2021: its price increased at an average annual rate of +3.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when the average export price increased by 89% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in the immediate term.

Average prices varied somewhat for the major foreign markets. In 2021, the country with the highest price was the United States ($X per unit), while the average price for exports to Canada stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+6.7%).

Bed-Convertible Seat Imports

Imports into Mexico

In 2021, approx. X units of seats convertible into beds were imported into Mexico; jumping by 60% compared with 2020 figures. Over the period under review, imports showed a tangible increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, bed-convertible seat imports soared to $X in 2021. Overall, total imports indicated prominent growth from 2012 to 2021: its value 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. The pace of growth appeared the most rapid in 2018 when imports increased by 43% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, China (X units) was the main bed-convertible seat supplier to Mexico, accounting for a 95% share of total imports. It was followed by the United States (X units), with a 2.5% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-1.3% per year) and Vietnam (+69.0% per year).

In value terms, China ($X) constituted the largest supplier of seats convertible into beds to Mexico, comprising 83% of total imports. The second position in the ranking was taken by the United States ($X), with a 9.8% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +5.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+10.3% per year) and Vietnam (+80.8% per year).

Import Prices by Country

The average bed-convertible seat import price stood at $X per unit in 2021, with a decrease of -10.6% against the previous year. In general, import price indicated a pronounced expansion from 2012 to 2021: its price increased at an average annual rate of +2.0% 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 import price decreased by -32.3% against 2015 indices. The most prominent rate of growth was recorded in 2015 an increase of 26% against the previous year. As a result, import price attained the peak level of $X per unit. From 2016 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+11.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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