Sweden: Bed-Convertible Seat Market 2024

Bed-Convertible Seat Market Size in Sweden

The Swedish bed-convertible seat market soared to $X in 2021, increasing by 45% against the previous year. Overall, the total consumption indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -23.4% against 2019 indices. Bed-convertible seat consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Bed-Convertible Seat Production in Sweden

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. The most prominent rate of growth was recorded in 2015 with an increase of 79% against the previous year. Bed-convertible seat production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Bed-Convertible Seat Exports

Exports from Sweden

In 2021, shipments abroad of seats convertible into beds increased by 0.7% to X units, rising for the third year in a row after two years of decline. Overall, exports, however, saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2020 when exports increased by 123% against the previous year. The exports peaked at X units in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, bed-convertible seat exports rose modestly to $X in 2021. Over the period under review, exports, however, recorded a pronounced downturn. The pace of growth appeared the most rapid in 2020 with an increase of 115% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Norway (X units), Denmark (X units) and Finland (X units) were the main destinations of bed-convertible seat exports from Sweden, with a combined 94% share of total exports. Iceland lagged somewhat behind, accounting for a further 4.4%.

From 2012 to 2021, the biggest increases were recorded for Iceland (with a CAGR of +4.2%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for bed-convertible seat exported from Sweden were Norway ($X), Denmark ($X) and Finland ($X), together accounting for 94% of total exports. Iceland lagged somewhat behind, comprising a further 3.3%.

Iceland, with a CAGR of +1.0%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average bed-convertible seat export price stood at $X per unit in 2021, rising by 2% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average export price increased by 22%. As a result, the export price reached the peak level of $X per unit. From 2019 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Norway ($X per unit), while the average price for exports to Finland ($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 Norway (+1.9%), while the prices for the other major destinations experienced mixed trend patterns.

Bed-Convertible Seat Imports

Imports into Sweden

Bed-convertible seat imports into Sweden soared to X units in 2021, rising by 17% on the year before. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 28%. Imports peaked at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, bed-convertible seat imports soared to $X in 2021. Overall, total imports indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +2.6% 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 +108.9% against 2015 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Poland (X units), Denmark (X units) and Ukraine (X units) were the main suppliers of bed-convertible seat imports to Sweden, with a combined 62% share of total imports. China, Turkey, Lithuania, Romania and the Netherlands lagged somewhat behind, together comprising a further 32%.

From 2012 to 2021, the biggest increases were recorded for Lithuania (with a CAGR of +66.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Denmark ($X) and Ukraine ($X) constituted the largest bed-convertible seat suppliers to Sweden, with a combined 53% share of total imports. These countries were followed by Lithuania, the Netherlands, Turkey, China and Romania, which together accounted for a further 40%.

In terms of the main suppliers, the Netherlands, with a CAGR of +82.1%, saw 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

In 2021, the average bed-convertible seat import price amounted to $X per unit, rising by 10% against the previous year. Over the last nine years, it increased at an average annual rate of +2.7%. The pace of growth appeared the most rapid in 2013 an increase of 50%. The import price peaked at $X per unit in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was the Netherlands ($X per unit), while the price for Ukraine ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :