Asia-Pacific: Bed-Convertible Seat Market 2024

Bed-Convertible Seat Market Size in Asia-Pacific

The Asia-Pacific bed-convertible seat market rose significantly to $X in 2022, picking up by X% against the previous year. The total consumption indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2016 indices. The level of consumption peaked in 2022 and is likely to see steady growth in the near future.

Bed-Convertible Seat Production in Asia-Pacific

In value terms, bed-convertible seat production expanded modestly to $X in 2022 estimated in export price. The total production indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Bed-Convertible Seat Exports

Exports in Asia-Pacific

In 2022, overseas shipments of seats convertible into beds decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, exports faced a precipitous decrease. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. The volume of export peaked at X units in 2021, and then fell significantly in the following year.

In value terms, bed-convertible seat exports reduced notably to $X in 2022. Over the period under review, exports continue to indicate a sharp decline. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. The level of export peaked at $X in 2021, and then contracted notably in the following year.

Exports by Country

In 2022, India (X units) and Indonesia (X units) represented the main exporters of seats convertible into beds in Asia-Pacific, together finishing at near X% of total exports. It was distantly followed by Cambodia (X units), Vietnam (X units) and Australia (X units), together achieving a X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Cambodia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Cambodia ($X) and India ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

Cambodia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2022, with a decrease of X% against the previous year. Overall, the export price saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2017 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Cambodia ($X per unit), while Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other leaders experienced a decline in the export price figures.

Bed-Convertible Seat Imports

Imports in Asia-Pacific

In 2022, the amount of seats convertible into beds imported in Asia-Pacific reduced sharply to X units, waning by X% on the previous year's figure. In general, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X units in 2021, and then reduced rapidly in the following year.

In value terms, bed-convertible seat imports dropped sharply to $X in 2022. Total imports indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021, and then plummeted in the following year.

Imports by Country

Australia (X units) and Japan (X units) were the major importers of seats convertible into beds in 2022, reaching near X% and X% of total imports, respectively. The Philippines (X units) ranks next in terms of the total imports with a X% share, followed by South Korea (X%). Indonesia (X units), Malaysia (X units) and New Zealand (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by the Philippines (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest bed-convertible seat importing markets in Asia-Pacific were Japan ($X), Australia ($X) and South Korea ($X), together comprising X% of total imports. Indonesia, the Philippines, New Zealand and Malaysia lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, the Philippines, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per unit, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2015 when the import price increased by X%. Over the period under review, import prices attained the maximum at $X per unit in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was South Korea ($X per unit), while the Philippines ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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