Report Update Nov 1, 2024

Nigeria - Seats Convertible Into Beds - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Bed-Convertible Seat Market 2024

Bed-Convertible Seat Market Size in Nigeria

In 2021, the Nigerien bed-convertible seat market decreased by -68.5% to $X, falling for the second consecutive year after three years of growth. In general, consumption saw a slight shrinkage. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Bed-Convertible Seat Exports

Exports from Nigeria

For the fifth year in a row, Nigeria recorded decline in shipments abroad of seats convertible into beds, which decreased by -61.1% to X units in 2021. Overall, exports recorded a significant decrease. The most prominent rate of growth was recorded in 2016 when exports increased by 865%. As a result, the exports attained the peak of X units. From 2017 to 2021, the growth of the exports failed to regain momentum.

In value terms, bed-convertible seat exports contracted dramatically to $X in 2021. In general, exports saw a sharp decrease. The most prominent rate of growth was recorded in 2016 when exports increased by 861% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Benin (X units) and Niger (X units) were the main destinations of bed-convertible seat exports from Nigeria.

From 2012 to 2021, the biggest increases were recorded for Niger (with a CAGR of +13.0%).

In value terms, the largest markets for bed-convertible seat exported from Nigeria were Benin ($X), Niger ($X) and Ghana ($X).

In terms of the main countries of destination, Niger, with a CAGR of +5.8%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average bed-convertible seat export price stood at $X per unit in 2021, growing by 15% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average export price increased by 19%. The export price peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Ghana ($X per unit), while the average price for exports to Niger ($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 Ghana (+15.5%), while the prices for the other major destinations experienced a decline.

Bed-Convertible Seat Imports

Imports into Nigeria

In 2021, supplies from abroad of seats convertible into beds decreased by -69.4% to X units, falling for the second year in a row after eight years of growth. Over the period under review, imports recorded a deep reduction. The pace of growth appeared the most rapid in 2019 when imports increased by 134% against the previous year. As a result, imports attained the peak of X units. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, bed-convertible seat imports shrank rapidly to $X in 2021. In general, imports recorded a pronounced setback. The growth pace was the most rapid in 2019 when imports increased by 96%. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Turkey (X units) constituted the largest bed-convertible seat supplier to Nigeria, with a 75% share of total imports. Moreover, bed-convertible seat imports from Turkey exceeded the figures recorded by the second-largest supplier, India (X units), fourfold. The UK (X units) ranked third in terms of total imports with a 2.5% share.

From 2012 to 2021, the average annual growth rate of volume from Turkey totaled -3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+6.4% per year) and the UK (0.0% per year).

In value terms, Turkey ($X) constituted the largest supplier of seats convertible into beds to Nigeria, comprising 79% of total imports. The second position in the ranking was held by India ($X), with a 14% share of total imports. It was followed by the UK, with a 2.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Turkey was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: India (+8.5% per year) and the UK (+5.7% per year).

Import Prices by Country

In 2021, the average bed-convertible seat import price amounted to $X per unit, growing by 7.9% against the previous year. In general, import price indicated a pronounced increase from 2012 to 2021: its price increased at an average annual rate of +4.1% over the last nine years. 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 -16.4% against 2018 indices. The most prominent rate of growth was recorded in 2018 an increase of 16% against the previous year. As a result, import price attained the peak level of $X per unit. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Italy ($X per unit), while the price for the United States ($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 UK (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for seats convertible into beds in the world?

China constituted the country with the largest volume of bed-convertible seat consumption, comprising approx. 28% of total volume. Moreover, bed-convertible seat consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. Russia ranked third in terms of total consumption with a 6.2% share.

What are the largest producers of seats convertible into beds in the world?

The country with the largest volume of bed-convertible seat production was China, comprising approx. 34% of total volume. Moreover, bed-convertible seat production in China exceeded the figures recorded by the second-largest producer, the United States, fourfold. Poland ranked third in terms of total production with a 7.7% share.

What are the leading suppliers of seats convertible into beds to Nigeria?

In value terms, the largest bed-convertible seat suppliers to Nigeria were China, Australia and Denmark, with a combined 82% share of total imports.

What are the leading importers of seats convertible into beds from Nigeria?

In value terms, Benin, Niger and Ghana $315) appeared to be the largest markets for bed-convertible seat exported from Nigeria worldwide, together comprising 100% of total exports.

What is the average export price for seats convertible into beds in Nigeria?

The average bed-convertible seat export price stood at $137 per unit in 2020, shrinking by -7% against the previous year.

What is the average import price for seats convertible into beds in Nigeria?

The average bed-convertible seat import price stood at $159 per unit in 2020, which is down by -7.8% against the previous year.

This report provides an in-depth analysis of the bed-convertible seat market in Nigeria. 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:

Nigeria

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Nigeria
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023