Turkey: Bed-Convertible Seat Market 2024

Bed-Convertible Seat Market Size in Turkey

The Turkish bed-convertible seat market dropped dramatically to $X in 2021, waning by -33.8% against the previous year. Over the period under review, consumption faced a abrupt curtailment. Bed-convertible seat consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Bed-Convertible Seat Production in Turkey

In value terms, bed-convertible seat production stood at $X in 2021 estimated in export price. In general, production, however, showed a deep reduction. The growth pace was the most rapid in 2017 with an increase of 14% against the previous year. Bed-convertible seat production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Bed-Convertible Seat Exports

Exports from Turkey

In 2021, shipments abroad of seats convertible into beds increased by 97% to X units, rising for the third year in a row after two years of decline. Overall, exports continue to indicate a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, bed-convertible seat exports surged to $X in 2021. Over the period under review, exports continue to indicate perceptible growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Iraq (X units), Italy (X units) and Germany (X units) were the main destinations of bed-convertible seat exports from Turkey, together comprising 44% of total exports. These countries were followed by the United States, Israel, France, Libya, the UK, Greece, Romania, Belgium, Oman and Qatar, which together accounted for a further 34%.

From 2012 to 2021, the biggest increases were recorded for Oman (with a CAGR of +81.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Iraq ($X), Italy ($X) and Germany ($X) appeared to be the largest markets for bed-convertible seat exported from Turkey worldwide, together accounting for 45% of total exports. These countries were followed by the United States, Israel, France, Libya, the UK, Greece, Romania, Belgium, Qatar and Oman, which together accounted for a further 34%.

Oman, with a CAGR of +71.0%, saw the highest growth rate of the value of exports, in terms of the main countries of destination 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, growing by 8.9% against the previous year. Overall, the export price, however, showed a mild slump. The pace of growth was the most pronounced in 2018 an increase of 29% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2019 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Qatar ($X per unit), while the average price for exports to Oman ($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 UK (-0.8%), while the prices for the other major destinations experienced a decline.

Bed-Convertible Seat Imports

Imports into Turkey

In 2021, purchases abroad of seats convertible into beds decreased by -4.9% to X units, falling for the fourth consecutive year after two years of growth. Over the period under review, imports recorded a precipitous decrease. The most prominent rate of growth was recorded in 2016 with an increase of 211% against the previous year. Over the period under review, imports attained the maximum at X units in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, bed-convertible seat imports declined slightly to $X in 2021. In general, imports showed a drastic downturn. The pace of growth appeared the most rapid in 2016 with an increase of 399%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest bed-convertible seat supplier to Turkey, with a 86% share of total imports. Moreover, bed-convertible seat imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), more than tenfold. Denmark (X units) ranked third in terms of total imports with a 3.5% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to -21.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+4.7% per year) and Denmark (-1.1% per year).

In value terms, China ($X) constituted the largest supplier of seats convertible into beds to Turkey, comprising 55% of total imports. The second position in the ranking was held by Italy ($X), with a 15% share of total imports. It was followed by Denmark, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at -21.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+9.4% per year) and Denmark (+13.9% per year).

Import Prices by Country

The average bed-convertible seat import price stood at $X per unit in 2021, picking up by 3.9% against the previous year. Overall, import price indicated a notable expansion from 2012 to 2021: its price increased at an average annual rate of +4.3% 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 import price decreased by -3.0% against 2018 indices. The pace of growth was the most pronounced in 2016 when the average import price increased by 61%. Over the period under review, average import prices reached the maximum at $X per unit in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+16.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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