Eastern Asia: Sleeping Bag Market 2025

Sleeping Bag Market Size in Eastern Asia

In 2021, after three years of growth, there was significant decline in the East Asian sleeping bag market, when its value decreased by -24.3% to $X. Over the period under review, consumption recorded a mild decline. The level of consumption peaked at $X in 2020, and then reduced markedly in the following year.

Sleeping Bag Production in Eastern Asia

In value terms, sleeping bag production contracted slightly to $X in 2021 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the production volume increased by 7.8%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Sleeping Bag Exports

Exports in Eastern Asia

In 2021, shipments abroad of sleeping bags was finally on the rise to reach X units after two years of decline. The total export volume increased at an average annual rate of +1.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when exports increased by 36% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, sleeping bag exports soared to $X in 2021. The total export value increased at an average annual rate of +3.2% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China (X units) represented roughly 100% of total exports in 2021.

China was also the fastest-growing in terms of the sleeping bags exports, with a CAGR of +2.1% from 2012 to 2021. While the share of China (+1.6 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest sleeping bag supplier in Eastern Asia.

From 2012 to 2021, the average annual growth rate of value in China totaled +4.2%.

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per unit, with an increase of 11% against the previous year. Over the last nine years, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2016 an increase of 46%. As a result, the export price attained the peak level of $X per unit. From 2017 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to +2.1% per year.

Sleeping Bag Imports

Imports in Eastern Asia

Sleeping bag imports surged to X units in 2021, increasing by 18% against 2020. Over the period under review, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 24% against the previous year. The volume of import peaked in 2021 and is expected to retain growth in the near future.

In value terms, sleeping bag imports soared to $X in 2021. Total imports indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +2.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +97.9% against 2017 indices. The most prominent rate of growth was recorded in 2015 with an increase of 40% against the previous year. The level of import peaked in 2021 and is expected to retain growth in the immediate term.

Imports by Country

Japan represented the key importing country with an import of about X units, which amounted to 62% of total imports. It was distantly followed by South Korea (X units) and Taiwan (Chinese) (X units), together mixing up a 33% share of total imports. Hong Kong SAR (X units) held a little share of total imports.

Imports into Japan increased at an average annual rate of +2.6% from 2012 to 2021. At the same time, South Korea (+5.3%) and Taiwan (Chinese) (+4.3%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +5.3% from 2012-2021. By contrast, Hong Kong SAR (-16.9%) illustrated a downward trend over the same period. While the share of Japan (+8.7 p.p.), South Korea (+8.1 p.p.) and Taiwan (Chinese) (+2 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Hong Kong SAR (-18.3 p.p.) displayed negative dynamics.

In value terms, Japan ($X) constitutes the largest market for imported sleeping bags in Eastern Asia, comprising 66% of total imports. The second position in the ranking was held by South Korea ($X), with a 24% share of total imports. It was followed by Taiwan (Chinese), with a 6.1% share.

In Japan, sleeping bag imports expanded at an average annual rate of +3.9% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (+8.9% per year) and Taiwan (Chinese) (+10.5% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per unit in 2021, rising by 12% against the previous year. Over the last nine years, it increased at an average annual rate of +1.6%. The growth pace was the most rapid in 2015 an increase of 26% against the previous year. The level of import peaked in 2021 and is likely to see gradual growth in the near future.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Japan ($X per unit) and South Korea ($X per unit), while Hong Kong SAR ($X per unit) and Taiwan (Chinese) ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+6.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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