Puerto Rico: Bed-Convertible Seat Market 2024

Bed-Convertible Seat Market Size in Puerto Rico

The Puerto Rican bed-convertible seat market declined to $X in 2021, which is down by -3.3% against the previous year. Over the period under review, the total consumption indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -2.4% against 2016 indices. Over the period under review, the market hit record highs at $X in 2020, and then dropped in the following year.

Bed-Convertible Seat Production in Puerto Rico

In value terms, bed-convertible seat production reduced modestly to $X in 2021 estimated in export price. In general, the total production indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +3.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +70.6% against 2014 indices. The pace of growth was the most pronounced in 2016 with an increase of 66% against the previous year. Puerto Rico production peaked at $X in 2020, and then fell modestly in the following year.

Bed-Convertible Seat Exports

Exports from Puerto Rico

In 2021, the amount of seats convertible into beds exported from Puerto Rico stood at less than X units, approximately mirroring 2020. Over the period under review, exports showed a relatively flat trend pattern.

In value terms, bed-convertible seat exports stood at less than $X in 2021. In general, exports recorded a relatively flat trend pattern.

Exports by Country

China (X units) and Poland (X units) represented roughly 64% of total exports in 2021. Romania (X units) held a 5.8% share (based on physical terms) of total exports, which put it in second place, followed by Turkey (5.5%). India (X units), Thailand (X units), Portugal (X units), Belarus (X units), Ukraine (X units), Vietnam (X units) and Germany (X units) held a little share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by India (with a CAGR of +76.4%), while the other 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, together accounting for 65% of total exports. Romania, Germany, Ukraine, Belarus, Portugal, Vietnam, Thailand and India lagged somewhat behind, together accounting for a further 20%.

India, with a CAGR of +34.4%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries 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 Puerto Rico stood at less than $X per thousand units in 2021, remaining stable against the previous year. In general, the export price continues to indicate a relatively flat trend pattern.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+9.8%), while the other leaders experienced more modest paces of growth.

Bed-Convertible Seat Imports

Imports into Puerto Rico

In 2021, the amount of seats convertible into beds imported into Puerto Rico was estimated at less than X units, therefore, remained relatively stable against the previous year. In general, imports continue to indicate a relatively flat trend pattern.

In value terms, bed-convertible seat imports totaled less than $X in 2021. Overall, imports continue to indicate a relatively flat trend pattern.

Imports by Country

In 2021, the United States (X units), distantly followed by Germany (X units) and France (X units) were the main importers of seats convertible into beds, together creating 39% of total imports. Japan (X units), the Czech Republic (X units), Italy (X units), Poland (X units), Australia (X units), Switzerland (X units), the UK (X units), the Philippines (X units), Austria (X units) and Thailand (X units) held a minor share of total imports.

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 +47.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest bed-convertible seat importing markets into Puerto Rico were the United States ($X), Germany ($X) and France ($X), with a combined 38% share of total imports. Austria, the Czech Republic, Japan, Switzerland, Italy, the UK, Poland, Australia, Thailand and the Philippines lagged somewhat behind, together comprising a further 24%.

The Philippines, with a CAGR of +33.9%, saw the highest rates of growth with regard to the value of imports, among 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 Puerto Rico stood at less than $X per thousand units in 2021, stabilizing at the previous year. Over the period under review, the import price saw a relatively flat trend pattern.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+4.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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