Portugal: Bed-Convertible Seat Market 2024

Bed-Convertible Seat Market Size in Portugal

The Portuguese bed-convertible seat market expanded modestly to $X in 2021, surging by 2.6% against the previous year. Overall, consumption, however, recorded a strong increase. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Bed-Convertible Seat Production in Portugal

In value terms, bed-convertible seat production surged to $X in 2021 estimated in export price. Over the period under review, production, however, enjoyed a strong increase. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Bed-Convertible Seat Exports

Exports from Portugal

In 2021, the amount of seats convertible into beds exported from Portugal soared to X units, picking up by 29% compared with 2020 figures. Over the period under review, exports continue to indicate a resilient increase. The growth pace was the most rapid in 2020 with an increase of 152% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, bed-convertible seat exports skyrocketed to $X in 2021. Overall, exports posted a prominent expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 119% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

France (X units) was the main destination for bed-convertible seat exports from Portugal, accounting for a 84% share of total exports. Moreover, bed-convertible seat exports to France exceeded the volume sent to the second major destination, Spain (X units), sevenfold. Canada (X units) ranked third in terms of total exports with a 1.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to France stood at +15.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (-7.0% per year) and Canada (+1,863.6% per year).

In value terms, France ($X) remains the key foreign market for seats convertible into beds exports from Portugal, comprising 82% of total exports. The second position in the ranking was held by Spain ($X), with a 12% share of total exports. It was followed by Israel, with a 2.1% share.

From 2012 to 2021, the average annual growth rate of value to France totaled +12.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (-8.6% per year) and Israel (+104.6% per year).

Export Prices by Country

The average bed-convertible seat export price stood at $X per unit in 2021, surging by 15% against the previous year. Overall, the export price, however, continues to indicate a noticeable slump. The pace of growth was the most pronounced in 2018 when the average export price increased by 24%. The export price peaked at $X per unit in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In 2021, the highest price was recorded for prices to Israel ($X per unit) and Canada ($X per unit), while the average price for exports to France ($X per unit) and Spain ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+1.7%), while the prices for the other major destinations experienced mixed trend patterns.

Bed-Convertible Seat Imports

Imports into Portugal

In 2021, approx. X units of seats convertible into beds were imported into Portugal; growing by 66% on 2020 figures. Over the period under review, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 87%. Over the period under review, imports attained the maximum in 2021 and are likely to continue growth in years to come.

In value terms, bed-convertible seat imports soared to $X in 2021. Overall, imports enjoyed prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Spain (X units) constituted the largest supplier of bed-convertible seat to Portugal, accounting for a 49% share of total imports. Moreover, bed-convertible seat imports from Spain exceeded the figures recorded by the second-largest supplier, Poland (X units), threefold. Romania (X units) ranked third in terms of total imports with a 16% share.

From 2012 to 2021, the average annual growth rate of volume from Spain stood at +26.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+126.9% per year) and Romania (+7.1% per year).

In value terms, Spain ($X) constituted the largest supplier of seats convertible into beds to Portugal, comprising 53% of total imports. The second position in the ranking was taken by Romania ($X), with a 14% share of total imports. It was followed by Poland, with a 14% share.

From 2012 to 2021, the average annual growth rate of value from Spain stood at +24.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+3.0% per year) and Poland (+112.0% per year).

Import Prices by Country

The average bed-convertible seat import price stood at $X per unit in 2021, increasing by 7.7% against the previous year. Overall, the import price, however, continues to indicate a noticeable descent. The pace of growth appeared the most rapid in 2018 an increase of 23% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (-1.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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