Nigeria - Seats Convertible Into Beds - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBed-Convertible Seat Price in Nigeria - 2022
Contents:
- Bed-Convertible Seat Price in Nigeria (CIF) - 2022
- Bed-Convertible Seat Price in Nigeria (FOB) - 2022
- Bed-Convertible Seat Imports in Nigeria
- Bed-Convertible Seat Exports in Nigeria
Bed-Convertible Seat Price in Nigeria (CIF) - 2022
The average bed-convertible seat import price stood at $163 per unit in 2022, waning by -5.3% against the previous year. In general, the import price, however, saw pronounced growth. The growth pace was the most rapid in 2017 an increase of 85%. The import price peaked at $206 per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($188 per unit), while the price for the United States ($100 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Bed-Convertible Seat Price in Nigeria (FOB) - 2022
In 2022, the average bed-convertible seat export price amounted to $177 per unit, waning by -4.5% against the previous year. Over the period under review, the export price, however, showed a modest increase. The growth pace was the most rapid in 2015 when the average export price increased by 151% against the previous year. As a result, the export price reached the peak level of $371 per unit. From 2016 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Ghana ($529 per unit), while the average price for exports to Niger ($121 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ghana (+15.5%), while the prices for the other major destinations experienced a decline.
Bed-Convertible Seat Imports in Nigeria
In 2022, overseas purchases of seats convertible into beds were finally on the rise to reach 168 units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, saw a sharp decrease. Imports peaked at 598 units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, bed-convertible seat imports surged to $27K in 2022. Overall, imports, however, continue to indicate a significant curtailment. Imports peaked at $103K in 2019; however, from 2020 to 2022, imports remained at a lower figure.
Import of Bed-Convertible Seat in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Turkey | 78.6 | 35.5 | 10.8 | 21.9 | -34.7% |
India | 7.4 | 3.0 | 1.8 | 3.4 | -22.8% |
China | 8.8 | 0.4 | 0.1 | 1.0 | -51.6% |
United Kingdom | 3.2 | 0.6 | 0.3 | 0.4 | -50.0% |
Italy | 3.3 | 0.7 | 0.2 | 0.1 | -68.8% |
Others | 2.0 | 1.0 | 0.3 | 0.5 | -37.0% |
Total | 103 | 41.1 | 13.6 | 27.4 | -35.7% |
Top Suppliers of Bed-Convertible Seat to Nigeria in 2022:
- Turkey (116.0 units)
- India (34.0 units)
- China (9.0 units)
- United Kingdom (3.0 units)
- Italy (1.0 units)
Bed-Convertible Seat Exports in Nigeria
Bed-convertible seat exports from Nigeria reduced to 6 units in 2022, waning by -14.3% compared with 2021. In general, exports recorded a significant decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 40%. The exports peaked at 29 units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, bed-convertible seat exports declined significantly to $1.1K in 2022. Over the period under review, exports recorded a precipitous slump. The growth pace was the most rapid in 2021 with an increase of 57%. Over the period under review, the exports reached the maximum at $4.5K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
Export of Bed-Convertible Seat in Nigeria (USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Benin | 1,693 | 1,564 | 812 | 1,291 | -8.6% |
Niger | 456 | 1,109 | 410 | 700 | 15.4% |
Ghana | 113 | 237 | 76.0 | 113 | 0.0% |
Cote d'Ivoire | 133 | N/A | N/A | N/A | 0% |
Gambia | 266 | N/A | N/A | N/A | 0% |
Czech Republic | 1,862 | N/A | N/A | N/A | 0% |
Others | N/A | -2,085.0 | N/A | -1,042.0 | -29.3% |
Total | 4,523 | 825 | 1,298 | 1,062 | -38.3% |
Top Export Markets for Bed-Convertible Seat from Nigeria in 2022:
- Niger (6.0 units)
- Benin (6.0 units)
This report provides an in-depth analysis of the bed-convertible seat market in Nigeria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 31001210 - Seats convertible into beds (excluding garden seats or camping equipment)
Country coverage:
- Nigeria
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Nigeria
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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