Eastern Asia: Bed-Convertible Seat Market 2024

Bed-Convertible Seat Market Size in Eastern Asia

The East Asian bed-convertible seat market stood at $X in 2022, surging by X% against the previous year. The total consumption indicated prominent 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. Based on 2022 figures, consumption increased by X% against 2018 indices. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in the immediate term.

Bed-Convertible Seat Production in Eastern Asia

In value terms, bed-convertible seat production stood at $X in 2022 estimated in export price. The total production indicated prominent 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. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2016 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Bed-Convertible Seat Exports

Exports in Eastern Asia

After two years of growth, overseas shipments of seats convertible into beds decreased by X% to X units in 2022. Over the period under review, exports recorded a significant contraction. The growth pace was the most rapid in 2018 when exports increased by X%. The volume of export peaked at X units in 2021, and then plummeted in the following year.

In value terms, bed-convertible seat exports contracted notably to $X in 2022. Overall, exports faced a precipitous decrease. The pace of growth was the most pronounced in 2015 with an increase of X%. The level of export peaked at $X in 2021, and then reduced dramatically in the following year.

Exports by Country

Hong Kong SAR was the largest exporter of seats convertible into beds in Eastern Asia, with the volume of exports resulting at X units, which was near X% of total exports in 2022. Japan (X units) held a X% share (based on physical terms) of total exports, which put it in second place, followed by China (X%). South Korea (X units) followed a long way behind the leaders.

Hong Kong SAR was also the fastest-growing in terms of the seats convertible into beds exports, with a CAGR of X% from 2012 to 2022. At the same time, Japan (X%) displayed positive paces of growth. By contrast, South Korea (X%) and China (X%) illustrated a downward trend over the same period. While the share of Hong Kong SAR (X p.p.), Japan (X p.p.) and South Korea (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of China (X p.p.) displayed negative dynamics.

In value terms, Hong Kong SAR ($X) emerged as the largest bed-convertible seat supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Japan ($X), with a X% share of total exports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Hong Kong SAR totaled X%. In the other countries, the average annual rates were as follows: Japan (X% per year) and China (X% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2022, growing by X% against the previous year. Export price indicated a noticeable increase from 2012 to 2022: its price 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. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the other leaders experienced mixed trends in the export price figures.

Bed-Convertible Seat Imports

Imports in Eastern Asia

In 2022, the amount of seats convertible into beds imported in Eastern Asia fell remarkably to X units, with a decrease of X% compared with the previous year's figure. Over the period under review, imports saw a pronounced decrease. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. The volume of import peaked at X units in 2021, and then shrank sharply in the following year.

In value terms, bed-convertible seat imports declined remarkably to $X in 2022. Total imports indicated a slight 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, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. The level of import peaked at $X in 2021, and then declined sharply in the following year.

Imports by Country

In 2022, Japan (X units) was the major importer of seats convertible into beds, comprising X% of total imports. South Korea (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Hong Kong SAR (X%) and Taiwan (Chinese) (X%).

Imports into Japan decreased at an average annual rate of X% from 2012 to 2022. At the same time, Hong Kong SAR (X%) and Taiwan (Chinese) (X%) displayed positive paces of growth. Moreover, Hong Kong SAR emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, South Korea (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Hong Kong SAR, South Korea and Taiwan (Chinese) increased by X, X and X percentage points, respectively.

In value terms, Japan ($X) constitutes the largest market for imported seats convertible into beds in Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by South Korea ($X), with a X% share of total imports. It was followed by Taiwan (Chinese), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Japan was relatively modest. In the other countries, the average annual rates were as follows: South Korea (X% per year) and Taiwan (Chinese) (X% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per unit in 2022, rising by X% against the previous year. Import price indicated a notable expansion from 2012 to 2022: its price 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 pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2017 to 2022, the import prices remained at a somewhat lower figure.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :