United Arab Emirates: Bed-Convertible Seat Market 2024

Bed-Convertible Seat Market Size in the United Arab Emirates

The bed-convertible seat market in the United Arab Emirates skyrocketed to $X in 2021, picking up by 122% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw strong growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Bed-Convertible Seat Exports

Exports from the United Arab Emirates

In 2021, shipments abroad of seats convertible into beds increased by 28% to X units, rising for the fifth year in a row after four years of decline. In general, exports recorded a buoyant increase. The most prominent rate of growth was recorded in 2017 with an increase of 586% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, bed-convertible seat exports totaled $X in 2021. Overall, exports showed a prominent expansion. The growth pace was the most rapid in 2017 with an increase of 853%. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Saudi Arabia (X units) was the main destination for bed-convertible seat exports from the United Arab Emirates, with a 43% share of total exports. Moreover, bed-convertible seat exports to Saudi Arabia exceeded the volume sent to the second major destination, Kuwait (X units), twofold. The third position in this ranking was held by Oman (X units), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Saudi Arabia stood at +72.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (+62.1% per year) and Oman (+47.4% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for seats convertible into beds exports from the United Arab Emirates, comprising 45% of total exports. The second position in the ranking was held by Kuwait ($X), with a 19% share of total exports. It was followed by Oman, with a 13% share.

From 2012 to 2021, the average annual growth rate of value to Saudi Arabia amounted to +71.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (+58.9% per year) and Oman (+44.0% per year).

Export Prices by Country

The average bed-convertible seat export price stood at $X per unit in 2021, dropping by -19.5% against the previous year. Over the period under review, the export price, however, showed a measured increase. The pace of growth was the most pronounced in 2013 an increase of 51% against the previous year. The export price peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Algeria ($X per unit), while the average price for exports to Tajikistan ($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 Algeria (+35.7%), while the prices for the other major destinations experienced a decline.

Bed-Convertible Seat Imports

Imports into the United Arab Emirates

In 2021, the amount of seats convertible into beds imported into the United Arab Emirates skyrocketed to X units, jumping by 107% against the previous year. Over the period under review, imports recorded resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, bed-convertible seat imports skyrocketed to $X in 2021. In general, imports showed a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest supplier of bed-convertible seat to the United Arab Emirates, with a 36% share of total imports. Moreover, bed-convertible seat imports from China exceeded the figures recorded by the second-largest supplier, Romania (X units), fourfold. The third position in this ranking was held by Turkey (X units), with a 9.2% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +8.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (-10.6% per year) and Turkey (+27.6% per year).

In value terms, China ($X) constituted the largest supplier of seats convertible into beds to the United Arab Emirates, comprising 41% of total imports. The second position in the ranking was held by Romania ($X), with an 11% share of total imports. It was followed by Turkey, with a 10% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +10.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (-9.5% per year) and Turkey (+29.1% per year).

Import Prices by Country

The average bed-convertible seat import price stood at $X per unit in 2021, growing by 8% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 89%. As a result, import price attained the peak level of $X per unit. From 2018 to 2021, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were Bulgaria ($X per unit) and Vietnam ($X per unit), while the price for China ($X per unit) and Turkey ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+1.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :