United Kingdom: Bed-Convertible Seat Market 2024

Bed-Convertible Seat Market Size in the UK

The UK bed-convertible seat market soared to $X in 2021, rising by 63% against the previous year. In general, consumption enjoyed a noticeable increase. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Bed-Convertible Seat Production in the UK

In value terms, bed-convertible seat production expanded significantly to $X in 2021 estimated in export price. In general, production, however, recorded a perceptible contraction. The growth pace was the most rapid in 2019 with an increase of 21%. Bed-convertible seat production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Bed-Convertible Seat Exports

Exports from the UK

In 2021, overseas shipments of seats convertible into beds decreased by -41.9% to X units for the first time since 2018, thus ending a two-year rising trend. Over the period under review, exports, however, recorded a slight expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 56% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, bed-convertible seat exports declined notably to $X in 2021. Overall, exports saw a perceptible curtailment. The growth pace was the most rapid in 2013 when exports increased by 85% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X units), Ireland (X units) and Slovakia (X units) were the main destinations of bed-convertible seat exports from the UK, together accounting for 59% of total exports.

From 2012 to 2021, the biggest increases were recorded for Slovakia (with a CAGR of +118.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for bed-convertible seat exported from the UK were Germany ($X), Ireland ($X) and Slovakia ($X), with a combined 60% share of total exports.

In terms of the main countries of destination, Slovakia, with a CAGR of +106.2%, recorded the highest growth rate of the value of exports, 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, which is down by -15.3% against the previous year. In general, the export price showed a noticeable decline. The growth pace was the most rapid in 2013 when the average export price increased by 19% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In 2021, the countries with the highest prices were the Netherlands ($X per unit) and Australia ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) and Slovakia ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ireland (-2.1%), while the prices for the other major destinations experienced a decline.

Bed-Convertible Seat Imports

Imports into the UK

In 2021, the amount of seats convertible into beds imported into the UK soared to X units, increasing by 57% compared with the previous year. Over the period under review, imports recorded a buoyant increase. The pace of growth appeared the most rapid in 2019 when imports increased by 195% against the previous year. Imports peaked at X units in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, bed-convertible seat imports soared to $X in 2021. In general, imports enjoyed strong growth. The most prominent rate of growth was recorded in 2019 with an increase of 182% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports failed to regain momentum.

Imports by Country

China (X units), Poland (X units) and Germany (X units) were the main suppliers of bed-convertible seat imports to the UK, together comprising 44% of total imports. These countries were followed by Belgium, Turkey, Romania, Denmark and Bulgaria, which together accounted for a further 4.3%.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +88.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X) constituted the largest supplier of seats convertible into beds to the UK, comprising 28% of total imports. The second position in the ranking was held by China ($X), with a 14% share of total imports. It was followed by Germany, with a 7.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Poland totaled +11.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-2.2% per year) and Germany (+9.8% per year).

Import Prices by Country

The average bed-convertible seat import price stood at $X per unit in 2021, rising by 3.5% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.5%. The pace of growth appeared the most rapid in 2013 an increase of 31% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: 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 Romania (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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