EU: Bed-Convertible Seat Market 2024

Bed-Convertible Seat Market Size in the EU

The EU bed-convertible seat market expanded remarkably to $X in 2023, with an increase of X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked in 2023 and is expected to retain growth in the near future.

Bed-Convertible Seat Production in the EU

In value terms, bed-convertible seat production totaled $X in 2023 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, production attained the peak level of $X. From 2022 to 2023, production growth remained at a lower figure.

Bed-Convertible Seat Exports

Exports in the EU

In 2023, shipments abroad of seats convertible into beds decreased by X% to X units, falling for the second year in a row after three years of growth. In general, exports showed a abrupt setback. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. The volume of export peaked at X units in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

In value terms, bed-convertible seat exports totaled $X in 2023. Overall, exports faced a deep contraction. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2022 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

Romania prevails in exports structure, amounting to X units, which was approx. X% of total exports in 2023. The following exporters - Slovenia (X units), Italy (X units), France (X units), Spain (X units) and Austria (X units) - together made up X% of total exports.

From 2012 to 2023, average annual rates of growth with regard to bed-convertible seat exports from Romania stood at X%. At the same time, Slovenia (X%) displayed positive paces of growth. Moreover, Slovenia emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2023. Spain experienced a relatively flat trend pattern. By contrast, France (X%), Austria (X%) and Italy (X%) illustrated a downward trend over the same period. While the share of Romania (X p.p.), Slovenia (X p.p.), France (X p.p.) and Spain (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

It was followed by Slovenia, with a X% share.

In Romania, bed-convertible seat exports decreased by an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Italy (X% per year) and Slovenia (X% per year).

Export Prices by Country

In 2023, the export price in the European Union amounted to $X per unit, approximately reflecting the previous year. In general, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the export price increased by X%. Over the period under review, the export prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2023, 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 Italy ($X per unit), while Romania ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Italy (X%), while the other leaders experienced more modest paces of growth.

Bed-Convertible Seat Imports

Imports in the EU

In 2023, supplies from abroad of seats convertible into beds decreased by X% to X units, falling for the second year in a row after three years of growth. Over the period under review, imports showed a deep contraction. The pace of growth appeared the most rapid in 2016 with an increase of X%. The volume of import peaked at X units in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

In value terms, bed-convertible seat imports totaled $X in 2023. In general, imports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports reached the peak of $X. From 2022 to 2023, the growth of imports failed to regain momentum.

Imports by Country

France represented the main importing country with an import of about X units, which resulted at X% of total imports. Italy (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Austria (X%), Spain (X%), Romania (X%), Hungary (X%) and Slovenia (X%).

From 2012 to 2023, average annual rates of growth with regard to bed-convertible seat imports into France stood at X%. At the same time, Hungary (X%), Romania (X%) and Slovenia (X%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing importer imported in the European Union, with a CAGR of X% from 2012-2023. By contrast, Italy (X%), Spain (X%) and Austria (X%) illustrated a downward trend over the same period. While the share of France (X p.p.), Italy (X p.p.), Romania (X p.p.), Hungary (X p.p.), Slovenia (X p.p.), Spain (X p.p.) and Austria (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, France ($X) constitutes the largest market for imported seats convertible into beds in the European Union, comprising X% of total imports. The second position in the ranking was taken by Austria ($X), with an X% share of total imports. It was followed by Italy, with a X% share.

In France, bed-convertible seat imports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Austria (X% per year) and Italy (X% per year).

Import Prices by Country

In 2023, the import price in the European Union amounted to $X per unit, leveling off at the previous year. Overall, the import price continues to indicate a slight increase. The most prominent rate of growth was recorded in 2015 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2016 to 2023, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Austria ($X per unit), while Italy ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Austria (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform