Kuwait - Sleeping Bags - Market Analysis, Forecast, Size, Trends and Insights
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Sleeping Bag Market Size in Kuwait
After two years of growth, the Kuwaiti sleeping bag market decreased by -13.6% to $X in 2021. Overall, consumption recorded a pronounced decline. Sleeping bag consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.
Sleeping Bag Production in Kuwait
In value terms, sleeping bag production shrank remarkably to $X in 2021 estimated in export price. In general, production, however, saw strong growth. The pace of growth appeared the most rapid in 2020 with an increase of 206%. As a result, production attained the peak level of $X, and then declined dramatically in the following year.
Sleeping Bag Exports
Exports from Kuwait
In 2021, shipments abroad of sleeping bags decreased by -36.4% to X units, falling for the second consecutive year after two years of growth. In general, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 15,140% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2019; however, from 2020 to 2021, the exports failed to regain momentum.
In value terms, sleeping bag exports reduced remarkably to $X in 2021. Overall, exports, however, saw significant growth. The pace of growth appeared the most rapid in 2013 with an increase of 10,066%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.
Exports by Country
Saudi Arabia (X units) was the main destination for sleeping bag exports from Kuwait, with a 65% share of total exports. Moreover, sleeping bag exports to Saudi Arabia exceeded the volume sent to the second major destination, Bahrain (X units), sixfold. The third position in this ranking was taken by Qatar (X units), with a 10% share.
From 2012 to 2021, the average annual rate of growth in terms of volume to Saudi Arabia stood at +73.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (+20.0% per year) and Qatar (+17.8% per year).
In value terms, Saudi Arabia ($X) remains the key foreign market for sleeping bags exports from Kuwait, comprising 81% of total exports. The second position in the ranking was held by Bahrain ($X), with a 6.5% share of total exports. It was followed by Qatar, with a 4.1% share.
From 2012 to 2021, the average annual rate of growth in terms of value to Saudi Arabia totaled +143.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (+27.9% per year) and Qatar (+67.0% per year).
Export Prices by Country
The average sleeping bag export price stood at $X per unit in 2021, with an increase of 27% against the previous year. Overall, the export price enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2014 an increase of 124% against the previous year. The export price peaked in 2021 and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per unit), while the average price for exports to the United Arab Emirates ($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 Jordan (+50.3%), while the prices for the other major destinations experienced more modest paces of growth.
Sleeping Bag Imports
Imports into Kuwait
For the third consecutive year, Kuwait recorded decline in supplies from abroad of sleeping bags, which decreased by -8.5% to X units in 2021. In general, imports showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2015 when imports increased by 123%. Imports peaked at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.
In value terms, sleeping bag imports reached $X in 2021. Over the period under review, imports showed a abrupt downturn. The pace of growth appeared the most rapid in 2015 with an increase of 154%. Imports peaked at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.
Imports by Country
In 2021, China (X units) constituted the largest sleeping bag supplier to Kuwait, accounting for a 59% share of total imports. Moreover, sleeping bag imports from China exceeded the figures recorded by the second-largest supplier, Spain (X units), eightfold. Turkey (X units) ranked third in terms of total imports with a 6.1% share.
From 2012 to 2021, the average annual growth rate of volume from China totaled -13.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-10.9% per year) and Turkey (+19.4% per year).
In value terms, China ($X) constituted the largest supplier of sleeping bags to Kuwait, comprising 61% of total imports. The second position in the ranking was held by Spain ($X), with an 11% share of total imports. It was followed by Taiwan (Chinese), with a 5.6% share.
From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to -4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-3.3% per year) and Taiwan (Chinese) (+33.4% per year).
Import Prices by Country
The average sleeping bag import price stood at $X per unit in 2021, picking up by 14% against the previous year. Overall, import price indicated a prominent expansion from 2012 to 2021: its price increased at an average annual rate of +8.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, sleeping bag import price increased by +9.9% against 2018 indices. The pace of growth appeared the most rapid in 2013 when the average import price increased by 36% against the previous year. Over the period under review, average import prices reached the maximum in 2021 and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per unit), while the price for India ($X per unit) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the sleeping bag market in Kuwait. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 13922430 - Sleeping bags
Country coverage:
- Kuwait
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Kuwait
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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