Global Bed-Convertible Seat Market 2022

Bed-Convertible Seat Market Size

After five years of growth, the global bed-convertible seat market decreased by -0.9% to $X in 2021. Overall, the total consumption indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +5.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +68.1% against 2012 indices. Global consumption peaked at $X in 2020, and then fell slightly in the following year.

Bed-Convertible Seat Production

In value terms, bed-convertible seat production declined slightly to $X in 2021 estimated in export price. Overall, the total production indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +52.0% against 2012 indices. The most prominent rate of growth was recorded in 2016 with an increase of 13%. Over the period under review, global production attained the peak level at $X in 2020, and then shrank in the following year.

Bed-Convertible Seat Exports

Exports

In 2021, shipments abroad of seats convertible into beds increased by 12% to X units, rising for the fourth year in a row after three years of decline. In general, total exports indicated measured growth from 2012 to 2021: its volume increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +100.1% against 2017 indices. The growth pace was the most rapid in 2020 with an increase of 37%. The global exports peaked in 2021 and are likely to continue growth in the immediate term.

In value terms, bed-convertible seat exports soared to $X in 2021. The total export value increased at an average annual rate of +5.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China (7M units) and Poland (6.4M units) represented the key exporters of seats convertible into beds in 2021, resulting at approx. 35% and 32% of total exports, respectively. Romania (1.2M units) held a 6% share (based on physical terms) of total exports, which put it in second place, followed by Turkey (5.3%). The following exporters - Portugal (529K units), Ukraine (523K units), Vietnam (512K units) and Belarus (360K units) - together made up 9.5% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Vietnam (with a CAGR of +46.6%), while the other global leaders experienced more modest paces of growth.

In value terms, Poland ($X), China ($X) and Turkey ($X) were the countries with the highest levels of exports in 2021, with a combined 65% share of global exports. These countries were followed by Romania, Ukraine, Portugal, Vietnam and Belarus, which together accounted for a further 15%.

Vietnam, with a CAGR of +32.4%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average bed-convertible seat export price amounted to $X per unit, surging by 8.9% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average export price increased by 20%. Over the period under review, the average export prices attained the maximum at $X per unit in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Belarus ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+1.6%), while the other global leaders experienced mixed trends in the export price figures.

Bed-Convertible Seat Imports

Imports

In 2021, overseas purchases of seats convertible into beds increased by 13% to X units, rising for the third year in a row after two years of decline. Overall, total imports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +5.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +44.2% against 2018 indices. The growth pace was the most rapid in 2019 with an increase of 20%. Global imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, bed-convertible seat imports surged to $X in 2021. The total import value increased at an average annual rate of +5.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United States (2.9M units), distantly followed by Germany (1.8M units) and France (1.4M units) were the major importers of seats convertible into beds, together achieving 42% of total imports. The Czech Republic (504K units), Switzerland (432K units), Poland (430K units), Australia (399K units), the UK (365K units), Italy (354K units), the Philippines (310K units), Austria (309K units), Thailand (294K units) and Japan (278K units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by the Philippines (with a CAGR of +47.4%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($X), Germany ($X) and France ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 40% share of global imports. Austria, the Czech Republic, Switzerland, the UK, Italy, Poland, Japan, Australia, Thailand and the Philippines lagged somewhat behind, together comprising a further 23%.

Among the main importing countries, the Philippines, with a CAGR of +33.9%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average bed-convertible seat import price stood at $X per unit in 2021, picking up by 9.4% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the average import price increased by 13% against the previous year. As a result, import price reached the peak level of $X per unit. From 2016 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Austria ($X per unit), while the Philippines ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+5.6%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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