Hungary: Sleeping Bag Market 2024

Sleeping Bag Market Size in Hungary

In 2021, the Hungarian sleeping bag market increased by 76% to $X, rising for the third year in a row after two years of decline. In general, the total consumption indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +7.1% 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 +113.6% against 2018 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Sleeping Bag Production in Hungary

In value terms, sleeping bag production declined to $X in 2021 estimated in export price. In general, production, however, recorded significant growth. The most prominent rate of growth was recorded in 2015 with an increase of 189%. Over the period under review, production reached the peak level at $X in 2020, and then dropped in the following year.

Sleeping Bag Exports

Exports from Hungary

In 2021, shipments abroad of sleeping bags increased by 25% to X units for the first time since 2017, thus ending a three-year declining trend. Over the period under review, exports saw a strong expansion. The pace of growth appeared the most rapid in 2013 with an increase of 146%. Over the period under review, the exports attained the maximum at X units in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, sleeping bag exports surged to $X in 2021. Overall, exports recorded a prominent expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 120% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Slovakia (X units), Sweden (X units) and Austria (X units) were the main destinations of sleeping bag exports from Hungary, together accounting for 87% of total exports. Serbia and Romania lagged somewhat behind, together comprising a further 9.6%.

From 2012 to 2021, the biggest increases were recorded for Serbia (with a CAGR of +81.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X) remains the key foreign market for sleeping bags exports from Hungary, comprising 48% of total exports. The second position in the ranking was taken by Austria ($X), with a 24% share of total exports. It was followed by Slovakia, with an 18% share.

From 2012 to 2021, the average annual growth rate of value to Sweden stood at +56.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+47.5% per year) and Slovakia (+58.7% per year).

Export Prices by Country

The average sleeping bag export price stood at $X per unit in 2021, approximately reflecting the previous year. Overall, export price indicated a pronounced increase from 2012 to 2021: its price increased at an average annual rate of +3.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, sleeping bag export price increased by +59.3% against 2015 indices. The pace of growth appeared the most rapid in 2018 an increase of 23% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2020, and then fell modestly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($X per unit), while the average price for exports to Slovakia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+15.1%), while the prices for the other major destinations experienced more modest paces of growth.

Sleeping Bag Imports

Imports into Hungary

In 2021, purchases abroad of sleeping bags increased by 73% to X units, rising for the second consecutive year after two years of decline. In general, total imports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +7.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +81.7% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, sleeping bag imports surged to $X in 2021. Overall, total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +6.6% over the last nine years. 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

In 2021, China (X units) constituted the largest supplier of sleeping bag to Hungary, accounting for a 55% share of total imports. Moreover, sleeping bag imports from China exceeded the figures recorded by the second-largest supplier, Spain (X units), fourfold. The third position in this ranking was taken by France (X units), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +33.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+69.2% per year) and France (+8.2% per year).

In value terms, the largest sleeping bag suppliers to Hungary were China ($X), Spain ($X) and France ($X), together comprising 66% of total imports.

Spain, with a CAGR of +65.0%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average sleeping bag import price stood at $X per unit in 2021, increasing by 4.9% against the previous year. In general, the import price, however, saw a mild descent. The pace of growth was the most pronounced in 2013 an increase of 15% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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