Pakistan: Bed-Convertible Seat Market 2024

Bed-Convertible Seat Market Size in Pakistan

The Pakistani bed-convertible seat market surged to $X in 2021, increasing by 16% against the previous year. Overall, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Bed-Convertible Seat Production in Pakistan

In value terms, bed-convertible seat production skyrocketed to $X in 2021 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by 48%. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Bed-Convertible Seat Exports

Exports from Pakistan

In 2021, approx. X units of seats convertible into beds were exported from Pakistan; shrinking by -37.5% on 2020. In general, exports saw a sharp downturn. The most prominent rate of growth was recorded in 2018 with an increase of 308% against the previous year. As a result, the exports attained the peak of X units. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, bed-convertible seat exports fell to $X in 2021. Overall, exports recorded a significant contraction. The growth pace was the most rapid in 2018 when exports increased by 258% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X units) and Saudi Arabia (X units) were the main destinations of bed-convertible seat exports from Pakistan.

From 2012 to 2021, the biggest increases were recorded for Saudi Arabia (with a CAGR of 0.0%).

In value terms, Saudi Arabia ($X) emerged as the key foreign market for seats convertible into beds exports from Pakistan, comprising 70% of total exports. The second position in the ranking was held by the United States ($X), with a 15% share of total exports. It was followed by Qatar, with a 2.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Saudi Arabia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-22.5% per year) and Qatar (-44.7% per year).

Export Prices by Country

The average bed-convertible seat export price stood at $X per unit in 2021, rising by 49% against the previous year. In general, the export price enjoyed notable growth. The pace of growth appeared the most rapid in 2017 when the average export price increased by 167% against the previous year. The export price peaked in 2021 and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Switzerland ($X per unit), while the average price for exports to the United States ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Oman (+45.8%), while the prices for the other major destinations experienced more modest paces of growth.

Bed-Convertible Seat Imports

Imports into Pakistan

In 2021, bed-convertible seat imports into Pakistan soared to X units, rising by 33% on the previous year. In general, imports continue to indicate a significant expansion. The growth pace was the most rapid in 2013 when imports increased by 1,669% against the previous year. Over the period under review, imports attained the peak figure at X units in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, bed-convertible seat imports surged to $X in 2021. Over the period under review, imports saw significant growth. The pace of growth appeared the most rapid in 2013 when imports increased by 1,578%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

China (X units), Turkey (X units) and Germany (X units) were the main suppliers of bed-convertible seat imports to Pakistan, with a combined 89% share of total imports. These countries were followed by Thailand, which accounted for a further 8%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of +63.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest bed-convertible seat suppliers to Pakistan were China ($X), Turkey ($X) and Germany ($X), together comprising 95% of total imports. These countries were followed by Thailand, which accounted for a further 2.6%.

Thailand, with a CAGR of +64.9%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average bed-convertible seat import price amounted to $X per unit, surging by 23% against the previous year. In general, import price indicated a modest expansion from 2012 to 2021: its price increased at an average annual rate of +1.7% 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 increased by +117.7% against 2019 indices. The pace of growth appeared the most rapid in 2020 when the average import price increased by 78% against the previous year. The import price peaked in 2021 and is likely to continue growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+10.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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