Morocco: Bed-Convertible Seat Market 2024

Bed-Convertible Seat Market Size in Morocco

In 2021, after two years of decline, there was significant growth in the Moroccan bed-convertible seat market, when its value increased by 73% to $X. Over the period under review, consumption enjoyed a prominent expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Bed-Convertible Seat Exports

Exports from Morocco

In 2021, overseas shipments of seats convertible into beds were finally on the rise to reach X units after three years of decline. Over the period under review, exports, however, recorded a abrupt setback. The exports peaked at X units in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, bed-convertible seat exports surged to $X in 2021. In general, exports, however, continue to indicate a abrupt contraction. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Gambia (X units), Gabon (X units) and Qatar (X units) were the main destinations of bed-convertible seat exports from Morocco, with a combined 91% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Gabon (with a CAGR of +6.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Gabon ($X) remains the key foreign market for seats convertible into beds exports from Morocco, comprising 55% of total exports. The second position in the ranking was held by Israel ($X), with a 10% share of total exports. It was followed by Democratic Republic of the Congo, with a 7.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Gabon stood at +17.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Israel (0.0% per year) and Democratic Republic of the Congo (+14.4% per year).

Export Prices by Country

The average bed-convertible seat export price stood at $X per unit in 2021, which is down by -29.6% against the previous year. Over the period under review, export price indicated a resilient expansion from 2012 to 2021: its price increased at an average annual rate of +5.0% 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 2020 an increase of 42%. As a result, the export price attained the peak level of $X per unit, and then dropped significantly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to Gambia ($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 Congo (+35.2%), while the prices for the other major destinations experienced more modest paces of growth.

Bed-Convertible Seat Imports

Imports into Morocco

In 2021, purchases abroad of seats convertible into beds was finally on the rise to reach X units after two years of decline. Overall, imports enjoyed resilient growth. The most prominent rate of growth was recorded in 2017 with an increase of 98%. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, bed-convertible seat imports surged to $X in 2021. In general, imports saw significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Turkey (X units) constituted the largest supplier of bed-convertible seat to Morocco, with a 44% share of total imports. Moreover, bed-convertible seat imports from Turkey exceeded the figures recorded by the second-largest supplier, Romania (X units), threefold. China (X units) ranked third in terms of total imports with a 6.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Turkey stood at +26.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+53.9% per year) and China (-5.4% per year).

In value terms, Turkey ($X) constituted the largest supplier of seats convertible into beds to Morocco, comprising 44% of total imports. The second position in the ranking was held by Romania ($X), with a 13% share of total imports. It was followed by China, with a 6.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Turkey totaled +32.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+50.0% per year) and China (-1.2% per year).

Import Prices by Country

In 2021, the average bed-convertible seat import price amounted to $X per unit, rising by 8.7% against the previous year. Over the period under review, import price indicated a notable expansion from 2012 to 2021: its price increased at an average annual rate of +3.9% 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 import price increased by +3.2% against 2017 indices. The pace of growth was the most pronounced in 2013 an increase of 61%. The import price peaked at $X per unit in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, the countries with the highest prices were Poland ($X per unit) and France ($X per unit), while the price for Turkey ($X per unit) and Romania ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Portugal (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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