Russian Federation: Bed-Convertible Seat Market 2024

Bed-Convertible Seat Market Size in the Russian Federation

The Russian bed-convertible seat market declined to $X in 2021, with a decrease of -6.5% against the previous year. Over the period under review, consumption recorded a pronounced decline. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Bed-Convertible Seat Production in the Russian Federation

In value terms, bed-convertible seat production shrank to $X in 2021 estimated in export price. Overall, production saw a perceptible contraction. The pace of growth was the most pronounced in 2017 with an increase of 29% against the previous year. Bed-convertible seat production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Bed-Convertible Seat Exports

Exports from the Russian Federation

In 2021, approx. X units of seats convertible into beds were exported from Russia; growing by 35% on the previous year. In general, exports recorded a prominent increase. The most prominent rate of growth was recorded in 2019 when exports increased by 108% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the near future.

In value terms, bed-convertible seat exports surged to $X in 2021. Overall, exports posted a resilient expansion. The growth pace was the most rapid in 2019 when exports increased by 77%. 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

Kazakhstan (X units) was the main destination for bed-convertible seat exports from Russia, with a 50% share of total exports. Moreover, bed-convertible seat exports to Kazakhstan exceeded the volume sent to the second major destination, Belarus (X units), threefold. The third position in this ranking was held by Germany (X units), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume to Kazakhstan stood at +9.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (+67.1% per year) and Germany (+118.5% per year).

In value terms, Kazakhstan ($X) remains the key foreign market for seats convertible into beds exports from Russia, comprising 40% of total exports. The second position in the ranking was taken by Belarus ($X), with a 15% share of total exports. It was followed by Germany, with a 13% share.

From 2012 to 2021, the average annual growth rate of value to Kazakhstan totaled +6.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (+28.7% per year) and Germany (+92.2% per year).

Export Prices by Country

The average bed-convertible seat export price stood at $X per unit in 2021, rising by 8.8% against the previous year. Over the period under review, the export price, however, showed a pronounced decline. The pace of growth was the most pronounced in 2017 an increase of 23%. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Mongolia ($X per unit), while the average price for exports to Kazakhstan ($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 Estonia (+11.2%), while the prices for the other major destinations experienced more modest paces of growth.

Bed-Convertible Seat Imports

Imports into the Russian Federation

In 2021, approx. X units of seats convertible into beds were imported into Russia; with an increase of 25% against the year before. In general, imports, however, saw a abrupt contraction. Imports peaked at X units in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, bed-convertible seat imports skyrocketed to $X in 2021. Over the period under review, imports, however, recorded a abrupt shrinkage. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Belarus (X units) constituted the largest bed-convertible seat supplier to Russia, accounting for a 33% share of total imports. Moreover, bed-convertible seat imports from Belarus exceeded the figures recorded by the second-largest supplier, Slovakia (X units), twofold. China (X units) ranked third in terms of total imports with an 8.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Belarus stood at -10.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (+143.2% per year) and China (-9.4% per year).

In value terms, Belarus ($X) constituted the largest supplier of seats convertible into beds to Russia, comprising 49% of total imports. The second position in the ranking was taken by Slovakia ($X), with a 9.4% share of total imports. It was followed by Poland, with a 7.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Belarus amounted to -4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (+132.8% per year) and Poland (-8.9% per year).

Import Prices by Country

In 2021, the average bed-convertible seat import price amounted to $X per unit, with an increase of 11% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.8%. The most prominent rate of growth was recorded in 2020 when the average import price increased by 23%. Over the period under review, average import prices reached the maximum in 2021 and is likely to continue growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lithuania (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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