Myanmar - Seats Convertible Into Beds - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMyanmar: Bed-Convertible Seat Market 2024
Bed-Convertible Seat Market Size in Myanmar
The Myanmar's bed-convertible seat market dropped sharply to $X in 2021, falling by -52.2% 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). In general, consumption, however, showed buoyant growth. Bed-convertible seat consumption peaked at $X in 2020, and then plummeted in the following year.
Bed-Convertible Seat Exports
Exports from Myanmar
In 2021, shipments abroad of seats convertible into beds decreased by 0% to X units, falling for the second year in a row after three years of growth. In general, exports saw a significant expansion. The growth pace was the most rapid in 2015 with an increase of 1,600%. 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 skyrocketed to $X in 2021. Overall, exports saw a significant expansion. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.
Exports by Country
Canada (X units) and Singapore (X units) were the main destinations of bed-convertible seat exports from Myanmar.
From 2012 to 2021, the biggest increases were recorded for Singapore (with a CAGR of +32.0%).
In value terms, the largest markets for bed-convertible seat exported from Myanmar were Canada ($X) and Singapore ($X).
Singapore, with a CAGR of +37.2%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review.
Export Prices by Country
In 2021, the average bed-convertible seat export price amounted to $X per unit, declining by -18.6% against the previous year. Over the period under review, the export price continues to indicate a deep slump. The most prominent rate of growth was recorded in 2017 when the average export price increased by 34%. Over the period under review, the average export prices attained the maximum at $X per unit in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.
Average prices varied somewhat for the major overseas markets. In 2021, the country with the highest price was Singapore ($X per unit), while the average price for exports to Canada amounted to $X per unit.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (-3.9%).
Bed-Convertible Seat Imports
Imports into Myanmar
In 2021, the amount of seats convertible into beds imported into Myanmar reduced remarkably to X units, with a decrease of -51.6% compared with the previous year's figure. Overall, imports, however, recorded a remarkable increase. The pace of growth appeared the most rapid in 2017 with an increase of 387%. Over the period under review, imports hit record highs at X units in 2020, and then dropped sharply in the following year.
In value terms, bed-convertible seat imports reduced notably to $X in 2021. In general, imports, however, posted strong growth. The most prominent rate of growth was recorded in 2017 when imports increased by 288%. Over the period under review, imports hit record highs at $X in 2020, and then reduced rapidly in the following year.
Imports by Country
In 2021, China (X units) was the main supplier of bed-convertible seat to Myanmar, with a 92% share of total imports. Moreover, bed-convertible seat imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X units), more than tenfold. Malaysia (X units) ranked third in terms of total imports with a 3.4% share.
From 2012 to 2021, the average annual growth rate of volume from China stood at +12.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-13.0% per year) and Malaysia (+20.4% per year).
In value terms, China ($X) constituted the largest supplier of seats convertible into beds to Myanmar, comprising 69% of total imports. The second position in the ranking was taken by Thailand ($X), with a 16% share of total imports. It was followed by Malaysia, with a 10% share.
From 2012 to 2021, the average annual growth rate of value from China amounted to +9.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+5.4% per year) and Malaysia (+41.0% per year).
Import Prices by Country
The average bed-convertible seat import price stood at $X per unit in 2021, flattening at the previous year. Overall, the import price, however, posted a slight expansion. The most prominent rate of growth was recorded in 2019 an increase of 94%. The import price peaked at $X per unit in 2020, and then dropped in the following year.
Prices varied noticeably country of origin: the country with the highest price was Thailand ($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 Thailand (+21.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the bed-convertible seat market in Myanmar. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 31001210 - Seats convertible into beds (excluding garden seats or camping equipment)
Country coverage:
- Myanmar
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Myanmar
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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