Asia: Bed-Convertible Seat Market 2024

Bed-Convertible Seat Market Size in Asia

The Asian bed-convertible seat market was finally on the rise to reach $X in 2022, after two years of decline. The total consumption 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. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Bed-Convertible Seat Production in Asia

In value terms, bed-convertible seat production contracted to $X in 2022 estimated in export price. Over the period under review, production showed a buoyant increase. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

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Bed-Convertible Seat Exports

Exports in Asia

In 2022, shipments abroad of seats convertible into beds decreased by X% to X units for the first time since 2016, thus ending a five-year rising trend. In general, exports saw a precipitous setback. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X units in 2021, and then shrank sharply in the following year.

In value terms, bed-convertible seat exports fell significantly to $X in 2022. Overall, exports saw a sharp contraction. The pace of growth appeared the most rapid in 2020 with an increase of X%. The level of export peaked at $X in 2021, and then contracted dramatically in the following year.

Exports by Country

India (X units) and Indonesia (X units) represented roughly X% of total exports in 2022. Cambodia (X units) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Vietnam (X%). The following exporters - the United Arab Emirates (X units) and Turkey (X units) - together made up X% 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.

Among the main exporting countries, Cambodia, 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

The export price in Asia stood at $X per unit in 2022, reducing by X% against the previous year. Overall, the export price recorded a noticeable descent. The growth pace was the most rapid in 2016 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2017 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 the United Arab Emirates ($X per unit), while Vietnam ($X per unit) was amongst the lowest.

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

Bed-Convertible Seat Imports

Imports in Asia

In 2022, imports of seats convertible into beds in Asia dropped significantly to X units, which is down by X% on the previous year. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports reached the peak of X units, and then declined rapidly in the following year.

In value terms, bed-convertible seat imports reduced markedly to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by X%. As a result, imports attained the peak of $X, and then reduced sharply in the following year.

Imports by Country

Japan (X units), Iraq (X units), the Philippines (X units), the United Arab Emirates (X units), South Korea (X units) and Kazakhstan (X units) represented roughly X% of total imports in 2022. Qatar (X units), Israel (X units), Indonesia (X units), Malaysia (X units), Hong Kong SAR (X units), Oman (X units) and Taiwan (Chinese) (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 Oman (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Iraq ($X) and Kazakhstan ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports. The United Arab Emirates, South Korea, Israel, Indonesia, the Philippines, Qatar, Oman, Taiwan (Chinese), Hong Kong SAR and Malaysia lagged somewhat behind, together accounting for a further X%.

Oman, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per unit in 2022, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. Over the period under review, import prices hit record highs at $X per unit in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

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