Australia and Oceania: Sleeping Bag Market 2024

Sleeping Bag Market Size in Australia and Oceania

The sleeping bag market in Australia and Oceania soared to $X in 2021, increasing by 48% against the previous year. The total consumption indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +48.5% against 2019 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Sleeping Bag Production in Australia and Oceania

In value terms, sleeping bag production fell sharply to $X in 2021 estimated in export price. Overall, production, however, posted a remarkable increase. The pace of growth appeared the most rapid in 2016 when the production volume increased by 89%. The level of production peaked at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Sleeping Bag Exports

Exports in Australia and Oceania

In 2021, shipments abroad of sleeping bags was finally on the rise to reach X units for the first time since 2017, thus ending a three-year declining trend. Over the period under review, exports recorded a remarkable increase. The pace of growth was the most pronounced in 2017 with an increase of 253%. As a result, the exports attained the peak of X units. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, sleeping bag exports declined slightly to $X in 2021. Overall, exports, however, continue to indicate a perceptible descent. The growth pace was the most rapid in 2017 with an increase of 87%. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Australia represented the major exporting country with an export of around X units, which amounted to 82% of total exports. It was distantly followed by New Zealand (X units), achieving an 18% share of total exports.

Australia was also the fastest-growing in terms of the sleeping bags exports, with a CAGR of +10.3% from 2012 to 2021. New Zealand (-5.6%) illustrated a downward trend over the same period. Australia (+29 p.p.) significantly strengthened its position in terms of the total exports, while New Zealand saw its share reduced by -28.4% from 2012 to 2021, respectively.

In value terms, Australia ($X) emerged as the largest sleeping bag supplier in Australia and Oceania, comprising 71% of total exports. The second position in the ranking was taken by New Zealand ($X), with a 29% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Australia stood at +5.7%.

Export Prices by Country

In 2021, the export price in Australia and Oceania amounted to $X per unit, shrinking by -33.7% against the previous year. Overall, the export price recorded a abrupt slump. The pace of growth was the most pronounced in 2020 an increase of 33%. Over the period under review, the export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was New Zealand ($X per unit), while Australia amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (-4.1%).

Sleeping Bag Imports

Imports in Australia and Oceania

In 2021, supplies from abroad of sleeping bags was finally on the rise to reach X units after three years of decline. The total import volume increased at an average annual rate of +4.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, sleeping bag imports skyrocketed to $X in 2021. Total imports indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +4.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Australia was the main importing country with an import of around X units, which finished at 83% of total imports. It was distantly followed by New Zealand (X units), committing a 16% share of total imports.

Imports into Australia increased at an average annual rate of +4.2% from 2012 to 2021. At the same time, New Zealand (+4.2%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +4.2% from 2012-2021. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported sleeping bags in Australia and Oceania, comprising 77% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 23% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in Australia totaled +5.4%.

Import Prices by Country

In 2021, the import price in Australia and Oceania amounted to $X per unit, growing by 9.6% against the previous year. Overall, the import price saw a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was New Zealand ($X per unit), while Australia stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+1.2%).

Source: IndexBox Platform

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