ECOWAS: Bed-Convertible Seat Market 2024

Bed-Convertible Seat Market Size in ECOWAS

The ECOWAS bed-convertible seat market rose to $X in 2022, increasing 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 decreased by X% against 2020 indices. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Bed-Convertible Seat Production in ECOWAS

In value terms, bed-convertible seat production rose slightly to $X in 2022 estimated in export price. The total production indicated a strong 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Bed-Convertible Seat Exports

Exports in ECOWAS

Bed-convertible seat exports dropped slightly to X units in 2022, with a decrease of X% compared with the year before. Over the period under review, exports, however, posted temperate growth. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, bed-convertible seat exports fell rapidly to $X in 2022. In general, exports, however, showed noticeable growth. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Cote d'Ivoire represented the major exporting country with an export of about X units, which resulted at X% of total exports. It was distantly followed by Nigeria (X units), Togo (X units), Senegal (X units) and Ghana (X units), together committing a X% share of total exports. The following exporters - Guinea (X units) and Liberia (X units) - each reached a X% share of total exports.

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

In value terms, Senegal ($X), Nigeria ($X) and Cote d'Ivoire ($X) were the countries with the highest levels of exports in 2022, together accounting for X% of total exports.

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

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per unit, declining by X% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of X%. As a result, the export price reached the peak level of $X per unit. From 2016 to 2022, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Senegal ($X per unit), while Guinea ($X per unit) was amongst the lowest.

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

Bed-Convertible Seat Imports

Imports in ECOWAS

Bed-convertible seat imports stood at X units in 2022, remaining relatively unchanged against the previous year's figure. In general, imports posted a buoyant increase. The pace of growth appeared the most rapid in 2018 when imports increased by X%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, bed-convertible seat imports reduced to $X in 2022. Over the period under review, imports posted strong growth. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then declined in the following year.

Imports by Country

Ghana represented the largest importing country with an import of around X units, which amounted to X% of total imports. Cabo Verde (X units) took the second position in the ranking, followed by Senegal (X units), Mali (X units) and Togo (X units). All these countries together held near X% share of total imports. Cote d'Ivoire (X units) and Guinea (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to bed-convertible seat imports into Ghana stood at X%. At the same time, Togo (X%), Mali (X%), Cote d'Ivoire (X%), Senegal (X%) and Cabo Verde (X%) displayed positive paces of growth. Moreover, Togo emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2022. By contrast, Guinea (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Ghana, Togo and Mali increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ghana ($X) constitutes the largest market for imported seats convertible into beds in ECOWAS, comprising X% of total imports. The second position in the ranking was taken by Cabo Verde ($X), with a X% share of total imports. It was followed by Senegal, with a X% share.

In Ghana, bed-convertible seat imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Cabo Verde (X% per year) and Senegal (X% per year).

Import Prices by Country

In 2022, the import price in ECOWAS amounted to $X per unit, dropping by X% against the previous year. Over the period under review, the import price recorded a slight contraction. The pace of growth appeared the most rapid in 2015 an increase of X%. Over the period under review, import prices hit record highs at $X per unit in 2013; however, from 2014 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 Cote d'Ivoire ($X per unit), while Togo ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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