Report Update: May 1, 2024

Singapore - Seats Convertible Into Beds - Market Analysis, Forecast, Size, Trends And Insights

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Bed-Convertible Seat Price in Singapore - 2021

Bed-Convertible Seat Price in Singapore (CIF) - 2022

The average bed-convertible seat import price stood at $214 per unit in 2022, dropping by -22.6% against the previous year. Overall, the import price, however, saw a strong increase. The pace of growth appeared the most rapid in 2013 an increase of 122% against the previous year. Over the period under review, average import prices hit record highs at $276 per unit in 2021, and then contracted markedly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($239 per unit), while the price for South Africa ($136 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Bed-Convertible Seat Price in Singapore (FOB) - 2022

In 2022, the average bed-convertible seat export price amounted to $81 per unit, rising by 3.2% against the previous year. Overall, the export price, however, recorded a abrupt downturn. The pace of growth was the most pronounced in 2017 an increase of 17% against the previous year. Over the period under review, the average export prices hit record highs at $241 per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Thailand ($301 per unit), while the average price for exports to Malaysia ($161 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+59.2%), while the prices for the other major destinations experienced more modest paces of growth.

Bed-Convertible Seat Imports in Singapore

After two years of decline, purchases abroad of seats convertible into beds increased by 5.6% to 11K units in 2022. In general, imports, however, faced a drastic downturn. Imports peaked at 17K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, bed-convertible seat imports fell sharply to $2.4M in 2022. Over the period under review, imports, however, continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2021 when imports increased by 58%. Over the period under review, imports hit record highs at $3M in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Import of Bed-Convertible Seat in Singapore (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	1,796	1,110	2,351	1,755	-0.8%
Malaysia	346	339	377	281	-6.7%
Vietnam	346	132	11.3	119	-29.9%
Indonesia	252	96.3	2.9	85.0	-30.4%
United States	85.4	17.2	8.2	26.9	-32.0%
Italy	3.0	86.2	20.2	26.5	106.7%
South Africa	30.0	30.8	30.8	23.0	-8.5%
Others	134	37.5	111	64.2	-21.8%
Total	2,991	1,848	2,912	2,380	-7.3%

Top Suppliers of Bed-Convertible Seat to Singapore in 2022:

China (7.3K units)
Malaysia (1.6K units)
Vietnam (0.8K units)
Indonesia (0.6K units)
Italy (0.2K units)
South Africa (0.2K units)
United States (0.2K units)

Bed-Convertible Seat Exports in Singapore

In 2022, exports of seats convertible into beds from Singapore shrank rapidly to 544 units, reducing by -29.6% against 2021 figures. Over the period under review, exports saw a abrupt downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 146% against the previous year. As a result, the exports attained the peak of 773 units, and then reduced markedly in the following year.

In value terms, bed-convertible seat exports declined sharply to $44K in 2022. In general, exports saw a significant contraction. The pace of growth was the most pronounced in 2021 with an increase of 121% against the previous year. The exports peaked at $104K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Export of Bed-Convertible Seat in Singapore (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Malaysia	7.3	4.5	0.3	22.4	45.3%
South Korea	0.5	1.8	1.8	10.3	174.1%
Indonesia	3.3	0.2	0.8	8.0	34.3%
Thailand	0.6	N/A	0.6	3.3	76.5%
Cyprus	N/A	N/A	8.8	N/A	0%
United States	48.2	2.5	N/A	N/A	-94.8%
Philippines	N/A	15.8	25.2	N/A	59.5%
Maldives	38.9	N/A	1.9	N/A	-77.9%
Others	5.5	2.6	21.2	N/A	96.3%
Total	104	27.4	60.5	44.0	-24.9%

Top Export Markets for Bed-Convertible Seat from Singapore in 2022:

Malaysia (139.0 units)
South Korea (59.0 units)
Indonesia (40.0 units)
Thailand (11.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the bed-convertible seat market in Singapore. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 31001210 - Seats convertible into beds (excluding garden seats or camping equipment)

Country coverage:

Singapore

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Singapore
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023