Malaysia: Sleeping Bag Market 2024

Sleeping Bag Market Size in Malaysia

The Malaysian sleeping bag market reduced sharply to $X in 2021, with a decrease of -17.3% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Sleeping bag consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Sleeping Bag Production in Malaysia

In value terms, sleeping bag production shrank to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.7% 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 2016 with an increase of 38%. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Sleeping Bag Exports

Exports from Malaysia

For the fourth year in a row, Malaysia recorded decline in shipments abroad of sleeping bags, which decreased by -43.1% to X units in 2021. Overall, exports recorded a abrupt decline. The growth pace was the most rapid in 2017 with an increase of 364% against the previous year. As a result, the exports reached the peak of X units. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, sleeping bag exports dropped significantly to $X in 2021. Over the period under review, exports faced a dramatic contraction. The most prominent rate of growth was recorded in 2017 when exports increased by 489%. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Turkey (X units), Singapore (X units) and Indonesia (X units) were the main destinations of sleeping bag exports from Malaysia, together accounting for 71% of total exports. These countries were followed by Christmas Island, the Philippines, Vietnam and Australia, which together accounted for a further 29%.

From 2012 to 2021, the biggest increases were recorded for Christmas Island (with a CAGR of 0.0%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for sleeping bag exported from Malaysia were Turkey ($X), Indonesia ($X) and Australia ($X), together accounting for 78% of total exports. These countries were followed by the Philippines, Christmas Island, Singapore and Vietnam, which together accounted for a further 22%.

Among the main countries of destination, Christmas Island, with a CAGR of 0.0%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average sleeping bag export price stood at $X per unit in 2021, with a decrease of -36.4% against the previous year. In general, the export price showed a pronounced downturn. The growth pace was the most rapid in 2020 when the average export price increased by 27%. As a result, the export price reached the peak level of $X per unit, and then shrank significantly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($X per unit), while the average price for exports to Singapore ($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 the Philippines (+42.9%), while the prices for the other major destinations experienced more modest paces of growth.

Sleeping Bag Imports

Imports into Malaysia

In 2021, sleeping bag imports into Malaysia reduced markedly to X units, declining by -50.9% against the previous year. Over the period under review, imports showed a abrupt shrinkage. The pace of growth was the most pronounced in 2015 when imports increased by 75%. Over the period under review, imports reached the maximum at X units in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, sleeping bag imports reduced notably to $X in 2021. In general, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of 151%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Bangladesh (X units) constituted the largest supplier of sleeping bag to Malaysia, with a 74% share of total imports. Moreover, sleeping bag imports from Bangladesh exceeded the figures recorded by the second-largest supplier, China (X units), threefold.

From 2012 to 2021, the average annual growth rate of volume from Bangladesh totaled +17.9%.

In value terms, Bangladesh ($X) and China ($X) were the largest sleeping bag suppliers to Malaysia.

In terms of the main suppliers, China, with a CAGR of -6.1%, saw the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

In 2021, the average sleeping bag import price amounted to $X per unit, falling by -9.9% against the previous year. In general, the import price, however, showed prominent growth. The pace of growth appeared the most rapid in 2016 when the average import price increased by 48% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

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 China ($X per unit), while the price for Bangladesh amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+15.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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