Updated Nov 3, 2022 02:21

Bed-Convertible Seat Market in Algeria

Market Overview
The Algerian bed-convertible seat market was finally on the rise to reach $ in , after two years of decline. In general, consumption, however, enjoyed a moderate expansion. Bed-convertible seat consumption peaked at $ in 2015; however, from 2016 to , consumption failed to regain momentum.


Consumption
In , after three years of decline, there was significant growth in consumption of seats convertible into beds, when its volume increased by % to units. In general, consumption posted a moderate increase. Over the period under review, consumption reached the peak volume at units in 2015; however, from 2016 to , consumption failed to regain momentum.

The value of the bed-convertible seat market in Algeria reached $ in , growing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed temperate growth. Over the period under review, the market reached the peak level at $ in 2015; however, from 2016 to , consumption remained at a lower figure.


Market Forecast
Driven by increasing demand for bed-convertible seat in Algeria, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to units by the end of .

In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .


Market Structure
Bed-convertible seat market in Algeria consists almost entirely of imported products. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately ( percentage point) over the period under review.


Trade Balance
Algeria remains a net importer of bed-convertible seat; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of units, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.