Scandinavia: Bed-Convertible Seat Market 2024

Bed-Convertible Seat Market Size in Scandinavia

The Scandinavia bed-convertible seat market surged to $X in 2021, jumping by 47% against the previous year. The total consumption indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Bed-Convertible Seat Production in Scandinavia

In value terms, bed-convertible seat production skyrocketed to $X in 2021 estimated in export price. The total production indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +7.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Bed-Convertible Seat Exports

Exports in Scandinavia

In 2021, shipments abroad of seats convertible into beds increased by 3% to X units, rising for the third consecutive year after two years of decline. In general, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of 30% against the previous year. The volume of export peaked at X units in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, bed-convertible seat exports rose notably to $X in 2021. Total exports indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +2.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +81.5% against 2017 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 49% against the previous year. The level of export peaked in 2021 and is likely to see steady growth in the immediate term.

Exports by Country

In 2021, Denmark (X units) was the main exporter of seats convertible into beds, committing 75% of total exports. It was distantly followed by Sweden (X units), mixing up a 23% share of total exports.

Denmark was also the fastest-growing in terms of the seats convertible into beds exports, with a CAGR of +2.7% from 2012 to 2021. Sweden (-4.7%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Denmark increased by +16 percentage points.

In value terms, Denmark ($X) remains the largest bed-convertible seat supplier in Scandinavia, comprising 79% of total exports. The second position in the ranking was taken by Sweden ($X), with an 18% share of total exports.

In Denmark, bed-convertible seat exports expanded at an average annual rate of +6.9% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per unit, growing by 9.8% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.9%. The pace of growth was the most pronounced in 2018 when the export price increased by 31% against the previous year. Over the period under review, the export prices attained the maximum in 2021 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major exporting countries. In 2021, the country with the highest price was Denmark ($X per unit), while Sweden stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+4.1%).

Bed-Convertible Seat Imports

Imports in Scandinavia

In 2021, bed-convertible seat imports in Scandinavia expanded significantly to X units, surging by 12% against 2020 figures. Total imports indicated mild growth from 2012 to 2021: its volume increased at an average annual rate of +1.4% 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 +51.3% against 2018 indices. The most prominent rate of growth was recorded in 2020 with an increase of 29% against the previous year. The volume of import peaked in 2021 and is likely to continue growth in the near future.

In value terms, bed-convertible seat imports surged to $X in 2021. The total import value increased at an average annual rate of +2.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Sweden (X units) and Denmark (X units) were the largest importers of seats convertible into beds in Scandinavia, together mixing up 73% of total imports. Finland (X units) ranks next in terms of the total imports with a 14% share, followed by Norway (11%). Iceland (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Iceland (with a CAGR of +10.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest bed-convertible seat importing markets in Scandinavia were Sweden ($X), Denmark ($X) and Norway ($X), with a combined 83% share of total imports. Finland and Iceland lagged somewhat behind, together accounting for a further 17%.

Among the main importing countries, Iceland, with a CAGR of +9.2%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Scandinavia stood at $X per unit in 2021, picking up by 5.3% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.5%. The pace of growth was the most pronounced in 2013 an increase of 23%. Over the period under review, import prices hit record highs at $X per unit in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+2.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform