Spain: Bed-Convertible Seat Market 2024

Bed-Convertible Seat Market Size in Spain

In 2021, after two years of decline, there was significant growth in the Spanish bed-convertible seat market, when its value increased by 22% to $X. In general, consumption, however, continues to indicate a pronounced downturn. Bed-convertible seat consumption peaked at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Bed-Convertible Seat Production in Spain

In value terms, bed-convertible seat production surged to $X in 2021 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Bed-Convertible Seat Exports

Exports from Spain

In 2021, approx. X units of seats convertible into beds were exported from Spain; with an increase of 10% compared with the previous year. In general, exports showed a prominent increase. The pace of growth appeared the most rapid in 2017 when exports increased by 84% against the previous year. As a result, the exports reached the peak of X units. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, bed-convertible seat exports soared to $X in 2021. Over the period under review, exports showed a remarkable increase. The most prominent rate of growth was recorded in 2013 when exports increased by 81% against the previous year. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Portugal (X units) was the main destination for bed-convertible seat exports from Spain, with a 48% share of total exports. Moreover, bed-convertible seat exports to Portugal exceeded the volume sent to the second major destination, France (X units), fivefold. The Dominican Republic (X units) ranked third in terms of total exports with a 7% share.

From 2012 to 2021, the average annual growth rate of volume to Portugal totaled +8.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+8.7% per year) and the Dominican Republic (+86.1% per year).

In value terms, Portugal ($X) remains the key foreign market for seats convertible into beds exports from Spain, comprising 39% of total exports. The second position in the ranking was held by France ($X), with a 17% share of total exports. It was followed by Poland, with a 5.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Portugal amounted to +14.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+15.3% per year) and Poland (+58.8% per year).

Export Prices by Country

In 2021, the average bed-convertible seat export price amounted to $X per unit, with an increase of 5.3% against the previous year. In general, export price indicated noticeable growth from 2012 to 2021: its price increased at an average annual rate of +4.6% 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 export price increased by +62.0% against 2017 indices. The most prominent rate of growth was recorded in 2018 an increase of 36%. Over the period under review, the average export prices hit record highs in 2021 and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Poland ($X per unit), while the average price for exports to the Dominican Republic ($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 Poland (+15.3%), while the prices for the other major destinations experienced more modest paces of growth.

Bed-Convertible Seat Imports

Imports into Spain

In 2021, purchases abroad of seats convertible into beds was finally on the rise to reach X units after four years of decline. Over the period under review, imports, however, recorded a perceptible curtailment. The pace of growth was the most pronounced in 2016 when imports increased by 30%. As a result, imports reached the peak of X units. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, bed-convertible seat imports skyrocketed to $X in 2021. In general, imports, however, recorded a pronounced decrease. Over the period under review, imports attained the peak figure at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Romania (X units), China (X units) and Poland (X units) were the main suppliers of bed-convertible seat imports to Spain, together comprising 72% of total imports. These countries were followed by Portugal, Turkey, Belgium, Denmark, Italy, Bulgaria and France, which together accounted for a further 27%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +146.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Romania ($X), China ($X) and Portugal ($X) appeared to be the largest bed-convertible seat suppliers to Spain, together comprising 72% of total imports. These countries were followed by Poland, Turkey, Belgium, Denmark, Italy, Bulgaria and France, which together accounted for a further 25%.

Belgium, with a CAGR of +165.6%, saw the highest growth rate of the value of imports, in terms of 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, growing by 20% against the previous year. In general, the import price recorded a relatively flat trend pattern. Over the period under review, average import prices attained the peak figure at $X per unit in 2013; however, from 2014 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 Belgium ($X per unit), while the price for France ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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