Romania: Bed-Convertible Seat Market 2024

Bed-Convertible Seat Market Size in Romania

In 2021, the Romanian bed-convertible seat market decreased by -59.8% to $X, falling for the third consecutive year after three years of growth. Overall, consumption continues to indicate a abrupt downturn. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Bed-Convertible Seat Production in Romania

In value terms, bed-convertible seat production reduced to $X in 2021 estimated in export price. Over the period under review, production recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2020 when the production volume increased by 11% against the previous year. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Bed-Convertible Seat Exports

Exports from Romania

In 2021, overseas shipments of seats convertible into beds increased by 21% to X units, rising for the third year in a row after two years of decline. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 84%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, bed-convertible seat exports surged to $X in 2021. Overall, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 23%. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

France (X units), Spain (X units) and Italy (X units) were the main destinations of bed-convertible seat exports from Romania, with a combined 51% share of total exports. Poland, Sweden, Germany, Austria, the Czech Republic, Belgium, Hungary, the Netherlands, Greece and Portugal lagged somewhat behind, together comprising a further 40%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hungary (with a CAGR of +20.4%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), Italy ($X) and Spain ($X) appeared to be the largest markets for bed-convertible seat exported from Romania worldwide, with a combined 50% share of total exports. These countries were followed by Poland, Germany, Austria, the Czech Republic, Sweden, Hungary, the Netherlands, Belgium, Greece and Portugal, which together accounted for a further 38%.

In terms of the main countries of destination, Hungary, with a CAGR of +21.8%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average bed-convertible seat export price amounted to $X per unit, remaining stable against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 72%. The export price peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was the Czech Republic ($X per unit), while the average price for exports to Sweden ($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 the Czech Republic (+2.4%), while the prices for the other major destinations experienced more modest paces of growth.

Bed-Convertible Seat Imports

Imports into Romania

For the fourth year in a row, Romania recorded growth in supplies from abroad of seats convertible into beds, which increased by 20% to X units in 2021. Overall, imports continue to indicate strong growth. The pace of growth appeared the most rapid in 2016 when imports increased by 93% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, bed-convertible seat imports surged to $X in 2021. Over the period under review, imports recorded a resilient increase. The most prominent rate of growth was recorded in 2016 with an increase of 90%. Over the period under review, imports reached the maximum in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

In 2021, Poland (X units) constituted the largest bed-convertible seat supplier to Romania, with a 38% share of total imports. Moreover, bed-convertible seat imports from Poland exceeded the figures recorded by the second-largest supplier, Bulgaria (X units), twofold. The third position in this ranking was held by Turkey (X units), with a 14% share.

From 2012 to 2021, the average annual growth rate of volume from Poland stood at +20.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Bulgaria (+34.7% per year) and Turkey (+6.0% per year).

In value terms, Poland ($X) constituted the largest supplier of seats convertible into beds to Romania, comprising 40% of total imports. The second position in the ranking was taken by Turkey ($X), with a 15% share of total imports. It was followed by Bulgaria, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Poland stood at +22.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+8.9% per year) and Bulgaria (+34.7% per year).

Import Prices by Country

The average bed-convertible seat import price stood at $X per unit in 2021, jumping by 16% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average import price increased by 26%. The import price peaked at $X per unit in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Italy ($X per unit), while the price for Serbia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ukraine (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :