Western Africa: Bed-Convertible Seat Market 2024

Bed-Convertible Seat Market Size in Western Africa

The West African bed-convertible seat market rose rapidly to $X in 2021, increasing by 8.6% against the previous year. The total consumption indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.9% 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 increased by +16.8% against 2019 indices. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Bed-Convertible Seat Production in Western Africa

In value terms, bed-convertible seat production contracted slightly to $X in 2021 estimated in export price. The total production indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +3.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +1.9% against 2019 indices. The most prominent rate of growth was recorded in 2017 with an increase of 32% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Bed-Convertible Seat Exports

Exports in Western Africa

In 2021, the amount of seats convertible into beds exported in Western Africa shrank rapidly to X units, reducing by -43.1% on the previous year. Over the period under review, exports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2016 with an increase of 481%. The volume of export peaked at X units in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, bed-convertible seat exports reduced markedly to $X in 2021. Overall, exports saw a abrupt contraction. The pace of growth was the most pronounced in 2016 when exports increased by 350%. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

In 2021, Togo (X units), Nigeria (X units), Ghana (X units) and Senegal (X units) was the key exporter of seats convertible into beds in Western Africa, constituting 78% of total export. Benin (X units) ranks next in terms of the total exports with an 11% share, followed by Guinea-Bissau (5.4%). Cote d'Ivoire (X units) held a relatively small share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Benin (with a CAGR of +58.7%), while the other leaders experienced more modest paces of growth.

In value terms, Benin ($X), Togo ($X) and Nigeria ($X) were the countries with the highest levels of exports in 2021, with a combined 60% share of total exports.

Among the main exporting countries, Benin, with a CAGR of +124.2%, saw the highest rates of growth with regard to 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 export price in Western Africa amounted to $X per unit, jumping by 22% against the previous year. Over the period under review, the export price recorded a mild expansion. The most prominent rate of growth was recorded in 2015 an increase of 549%. As a result, the export price reached the peak level of $X per unit. From 2016 to 2021, the export prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Benin (+41.2%), while the other leaders experienced more modest paces of growth.

Bed-Convertible Seat Imports

Imports in Western Africa

In 2021, the amount of seats convertible into beds imported in Western Africa soared to X units, picking up by 152% against the year before. Overall, imports posted a strong expansion. 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. Over the period under review, imports enjoyed a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Ghana (X units) was the largest importer of seats convertible into beds, creating 45% of total imports. Cote d'Ivoire (X units) held a 23% share (based on physical terms) of total imports, which put it in second place, followed by Cabo Verde (12%), Mali (6.2%) and Senegal (5.1%). Guinea (X units) held a minor share of total imports.

From 2012 to 2021, the biggest increases were recorded for Cote d'Ivoire (with a CAGR of +37.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Ghana ($X), Cote d'Ivoire ($X) and Cabo Verde ($X) were the countries with the highest levels of imports in 2021, together comprising 76% of total imports. These countries were followed by Mali, Senegal and Guinea, which together accounted for a further 17%.

Mali, with a CAGR of +41.9%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Western Africa stood at $X per unit in 2021, increasing by 3.6% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.6%. The pace of growth appeared the most rapid in 2015 an increase of 41%. As a result, import price reached the peak level of $X per unit. From 2016 to 2021, the import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Guinea ($X per unit) and Mali ($X per unit), while Ghana ($X per unit) and Senegal ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Guinea (+8.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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