Report Update: May 1, 2024

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

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Bed-Convertible Seat Price in the Dominican Republic - 2021

Bed-Convertible Seat Price in the Dominican Republic (CIF) - 2022

In 2022, the average bed-convertible seat import price amounted to $173 per unit, falling by -3.9% against the previous year. Overall, the import price continues to indicate a mild shrinkage. The growth pace was the most rapid in 2016 when the average import price increased by 25% against the previous year. As a result, import price reached the peak level of $228 per unit. From 2017 to 2022, the average import prices remained at a somewhat lower figure.

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 Indonesia ($5,241 per unit), while the price for Brazil ($105 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+39.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Bed-Convertible Seat Price in the Dominican Republic (FOB) - 2022

The average bed-convertible seat export price stood at $210 per unit in 2022, waning by -2.1% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average export price increased by 80% against the previous year. Over the period under review, the average export prices attained the maximum at $394 per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was France ($632 per unit), while the average price for exports to Cuba ($55 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 France (+19.5%), while the prices for the other major destinations experienced more modest paces of growth.

Bed-Convertible Seat Imports in the Dominican Republic

In 2022, approx. 6.5K units of seats convertible into beds were imported into the Dominican Republic; reducing by -32.7% on 2021. Overall, imports, however, enjoyed a moderate expansion. The pace of growth was the most pronounced in 2021 with an increase of 190%. As a result, imports reached the peak of 9.6K units, and then declined significantly in the following year.

In value terms, bed-convertible seat imports fell sharply to $1.1M in 2022. Over the period under review, imports, however, saw a buoyant increase. The pace of growth was the most pronounced in 2021 with an increase of 242% against the previous year. As a result, imports attained the peak of $1.7M, and then shrank sharply in the following year.

Import of Bed-Convertible Seat in the Dominican Republic (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	379	110	420	313	-6.2%
Spain	361	105	340	284	-7.7%
Colombia	19.2	113	284	196	116.9%
United States	55.9	72.7	155	107	24.2%
Portugal	50.6	4.1	21.9	24.0	-22.0%
Sweden	38.6	27.0	44.5	18.6	-21.6%
Brazil	0.3	0.3	1.0	10.4	226.1%
Others	61.9	75.2	468	167	39.2%
Total	966	507	1,734	1,120	5.1%

Top Suppliers of Bed-Convertible Seat to the Dominican Republic in 2022:

Spain (1363.0 units)
China (381.0 units)
Brazil (99.0 units)
Colombia (75.0 units)
United States (59.0 units)
Sweden (18.0 units)
Portugal (4.0 units)

Bed-Convertible Seat Exports in the Dominican Republic

In 2022, bed-convertible seat exports from the Dominican Republic shrank sharply to 618 units, waning by -39.6% against the previous year's figure. Overall, exports, however, saw a significant increase. The growth pace was the most rapid in 2021 when exports increased by 383% against the previous year. As a result, the exports reached the peak of 1K units, and then contracted notably in the following year.

In value terms, bed-convertible seat exports reduced dramatically to $130K in 2022. Over the period under review, exports, however, showed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 445% against the previous year. As a result, the exports attained the peak of $219K, and then contracted remarkably in the following year.

Export of Bed-Convertible Seat in the Dominican Republic (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	2.3	8.2	36.3	49.6	178.3%
France	26.9	1.1	11.4	27.0	0.1%
Germany	9.4	12.9	17.8	25.3	39.1%
Cuba	0.1	0.4	0.8	6.2	295.8%
Panama	0.1	0.2	3.8	5.1	270.8%
Haiti	4.0	3.7	4.2	4.8	6.3%
Turks and Caicos Islands	0.4	1.0	1.9	2.6	86.6%
Others	4.2	12.9	143	9.1	29.4%
Total	47.6	40.2	219	130	39.8%

Top Export Markets for Bed-Convertible Seat from the Dominican Republic in 2022:

United States (333.0 units)
Cuba (114.0 units)
Germany (112.0 units)
France (43.0 units)
Haiti (17.0 units)
Panama (15.0 units)
Turks and Caicos Islands (13.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the bed-convertible seat market in the Dominican Republic. 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:

Dominican Republic

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Dominican Republic
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