Middle East: Bed-Convertible Seat Market 2024

Bed-Convertible Seat Market Size in the Middle East

The Middle Eastern bed-convertible seat market rose to $X in 2023, picking up by X% against the previous year. In general, consumption, however, saw a notable increase. The level of consumption peaked at $X in 2019; however, from 2020 to 2023, consumption failed to regain momentum.

Bed-Convertible Seat Production in the Middle East

In value terms, bed-convertible seat production rose modestly to $X in 2023 estimated in export price. Overall, production showed a measured increase. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2023, production failed to regain momentum.

Bed-Convertible Seat Exports

Exports in the Middle East

In 2023, approx. X units of seats convertible into beds were exported in the Middle East; rising by X% on 2022. In general, exports, however, recorded a precipitous decline. 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 skyrocketed to $X in 2023. Over the period under review, exports, however, showed a precipitous slump. The level of export peaked at $X in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates was the key exporter of seats convertible into beds in the Middle East, with the volume of exports resulting at X units, which was approx. X% of total exports in 2023. It was distantly followed by Oman (X units) and Kuwait (X units), together constituting a X% share of total exports. The following exporters - Bahrain (X units), Iran (X units) and Lebanon (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 the United Arab Emirates stood at X%. At the same time, Kuwait (X%), Iran (X%), Oman (X%) and Bahrain (X%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2023. By contrast, Lebanon (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of the United Arab Emirates, Oman, Kuwait, Bahrain, Iran and Lebanon increased by X, X, X, X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) emerged as the largest bed-convertible seat supplier in the Middle East, comprising X% of total exports. The second position in the ranking was taken by Oman ($X), with a X% share of total exports. It was followed by Bahrain, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in the United Arab Emirates amounted to X%. In the other countries, the average annual rates were as follows: Oman (X% per year) and Bahrain (X% per year).

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2023, with a decrease of X% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per unit in 2019; however, from 2020 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 Bahrain ($X per unit), while the United Arab Emirates ($X per unit) was amongst the lowest.

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

Bed-Convertible Seat Imports

Imports in the Middle East

In 2023, overseas purchases of seats convertible into beds decreased by X% to X units, falling for the second consecutive year after three years of growth. Over the period under review, imports saw a noticeable descent. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X units. From 2022 to 2023, the growth of imports remained at a lower figure.

In value terms, bed-convertible seat imports expanded sharply to $X in 2023. Overall, imports continue to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2022 to 2023, the growth of imports failed to regain momentum.

Imports by Country

Iraq was the key importer of seats convertible into beds in the Middle East, with the volume of imports amounting to X units, which was approx. X% of total imports in 2023. It was distantly followed by the United Arab Emirates (X units) and Oman (X units), together comprising a X% share of total imports. The following importers - Kuwait (X units), Bahrain (X units) and Iran (X units) - together made up X% of total imports.

From 2012 to 2023, the biggest increases were recorded for Oman (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Iraq ($X) constitutes the largest market for imported seats convertible into beds in the Middle East, comprising X% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total imports. It was followed by Oman, with a X% share.

In Iraq, bed-convertible seat imports decreased by an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and Oman (X% per year).

Import Prices by Country

The import price in the Middle East stood at $X per unit in 2023, rising by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. Over the period under review, import prices reached the maximum at $X per unit in 2019; however, from 2020 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Iran ($X per unit), while Bahrain ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Bahrain (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform