Northern America: Bed-Convertible Seat Market 2024

Bed-Convertible Seat Market Size in Northern America

The North American bed-convertible seat market declined modestly to $X in 2021, waning by -1.7% against the previous year. The total consumption indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +7.1% 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 +87.0% against 2013 indices. Over the period under review, the market hit record highs at $X in 2020, and then fell slightly in the following year.

Bed-Convertible Seat Production in Northern America

In value terms, bed-convertible seat production contracted to $X in 2021 estimated in export price. The total production indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +6.7% 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 +79.2% against 2012 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by 32% against the previous year. Over the period under review, production reached the peak level at $X in 2020, and then declined in the following year.

Bed-Convertible Seat Exports

Exports in Northern America

In 2021, shipments abroad of seats convertible into beds was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports, however, continue to indicate a deep slump. The growth pace was the most rapid in 2018 when exports increased by 65%. The volume of export peaked at X units in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, bed-convertible seat exports shrank slightly to $X in 2021. Overall, exports, however, showed a abrupt curtailment. The growth pace was the most rapid in 2018 when exports increased by 65%. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

The United States represented the main exporting country with an export of about X units, which resulted at 59% of total exports. It was distantly followed by Canada (X units), comprising a 41% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by the United States (with a CAGR of -9.1%).

In value terms, the United States ($X) and Canada ($X) were the countries with the highest levels of exports in 2021.

In terms of the main exporting countries, the United States, with a CAGR of -0.1%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per unit, shrinking by -1.6% against the previous year. In general, the export price, however, recorded a strong increase. The pace of growth was the most pronounced in 2015 when the export price increased by 42%. Over the period under review, the export prices reached the peak figure at $X per unit in 2020, and then declined modestly in the following year.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was Canada ($X per unit), while the United States totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+9.9%).

Bed-Convertible Seat Imports

Imports in Northern America

In 2021, imports of seats convertible into beds in Northern America rose significantly to X units, picking up by 12% on the previous year. Total imports indicated moderate growth from 2012 to 2021: its volume increased at an average annual rate of +4.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +26.7% against 2017 indices. The most prominent rate of growth was recorded in 2015 when imports increased by 40%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, bed-convertible seat imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +4.4% over the period from 2012 to 2021; however, the trend pattern 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

The United States dominates imports structure, accounting for X units, which was near 92% of total imports in 2021. It was distantly followed by Canada (X units), committing a 7.8% share of total imports.

The United States was also the fastest-growing in terms of the seats convertible into beds imports, with a CAGR of +5.0% from 2012 to 2021. At the same time, Canada (+1.1%) displayed positive paces of growth. The United States (+2.7 p.p.) significantly strengthened its position in terms of the total imports, while Canada saw its share reduced by -2.8% from 2012 to 2021, respectively.

In value terms, the United States ($X) constitutes the largest market for imported seats convertible into beds in Northern America, comprising 88% of total imports. The second position in the ranking was taken by Canada ($X), with a 12% share of total imports.

In the United States, bed-convertible seat imports expanded at an average annual rate of +5.2% over the period from 2012-2021.

Import Prices by Country

In 2021, the import price in Northern America amounted to $X per unit, growing by 11% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the import price increased by 19%. As a result, import price attained the peak level of $X per unit. From 2015 to 2021, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Canada ($X per unit), while the United States amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+0.2%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :