Global Bed-Convertible Seat Market 2024

Bed-Convertible Seat Market Size

The global bed-convertible seat market fell modestly to $X in 2021, shrinking by -1.7% against the previous year. The market value increased at an average annual rate of +1.8% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the market value increased by 9.3% against the previous year. Global consumption peaked at $X in 2020, and then contracted modestly in the following year.

Bed-Convertible Seat Production

In value terms, bed-convertible seat production declined slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.3% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2017 when the production volume increased by 12%. Global production peaked at $X in 2020, and then contracted modestly in the following year.

Bed-Convertible Seat Exports

Exports

In 2021, shipments abroad of seats convertible into beds increased by 19% to X units, rising for the fourth consecutive year after three years of decline. In general, total exports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +5.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +97.5% against 2017 indices. The growth pace was the most rapid in 2020 when exports increased by 30%. Over the period under review, the global exports hit record highs in 2021 and are likely to see steady growth in the immediate term.

In value terms, bed-convertible seat exports surged to $X in 2021. Overall, total exports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +100.9% against 2017 indices. The most prominent rate of growth was recorded in 2019 with an increase of 34%. Over the period under review, the global exports attained the maximum in 2021 and are expected to retain growth in the immediate term.

Exports by Country

China (X units) and Poland (X units) represented roughly 64% of total exports in 2021. Romania (X units) held a 5.8% share (based on physical terms) of total exports, which put it in second place, followed by Turkey (5.5%). India (X units), Thailand (X units), Portugal (X units), Belarus (X units), Ukraine (X units) and Vietnam (X units) took a little 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 India (with a CAGR of +76.4%), while the other global leaders experienced more modest paces of growth.

In value terms, Poland ($X), China ($X) and Turkey ($X) appeared to be the countries with the highest levels of exports in 2021, together comprising 65% of global exports. These countries were followed by Romania, Ukraine, Belarus, Portugal, Vietnam, Thailand and India, which together accounted for a further 17%.

In terms of the main exporting countries, India, with a CAGR of +34.4%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other global 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, rising by 7.1% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average export price increased by 18%. As a result, the export price reached the peak level of $X per unit. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ukraine (+5.9%), while the other global leaders experienced more modest paces of growth.

Bed-Convertible Seat Imports

Imports

Global bed-convertible seat imports soared to X units in 2021, with an increase of 21% against 2020 figures. The total import volume increased at an average annual rate of +3.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 when imports increased by 31%. Over the period under review, global imports hit record highs in 2021 and are likely to continue growth in years to come.

In value terms, bed-convertible seat imports surged to $X in 2021. The total import value increased at an average annual rate of +4.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 with an increase of 34%. Over the period under review, global imports attained the peak figure in 2021 and are likely to see gradual growth in the near future.

Imports by Country

In 2021, the United States (X units), distantly followed by Germany (X units) and France (X units) represented the key importers of seats convertible into beds, together comprising 39% of total imports. The following importers - Japan (X units), the Czech Republic (X units), Italy (X units), Poland (X units), Australia (X units), Switzerland (X units), the UK (X units), the Philippines (X units), Austria (X units) and Thailand (X units) - together made up 26% of total imports.

From 2012 to 2021, the biggest increases were recorded for the Philippines (with a CAGR of +47.9%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($X), Germany ($X) and France ($X) were the countries with the highest levels of imports in 2021, together accounting for 38% of global imports. Austria, the Czech Republic, Japan, Switzerland, Italy, the UK, Poland, Australia, Thailand and the Philippines lagged somewhat behind, together comprising a further 24%.

Among the main importing countries, the Philippines, with a CAGR of +33.9%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global 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, growing by 9.6% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.0%. The pace of growth was the most pronounced in 2013 an increase of 14%. Global import price peaked at $X per unit in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Austria ($X per unit), while the Philippines ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+4.2%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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