Report Update Nov 1, 2024

Nigeria - Sleeping Bags - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Sleeping Bag Market 2024

Sleeping Bag Market Size in Nigeria

In 2021, the Nigerien sleeping bag market decreased by -8.4% to $X for the first time since 2018, thus ending a two-year rising trend. In general, the total consumption indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +2.9% 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 +80.1% against 2016 indices. Sleeping bag consumption peaked at $X in 2020, and then contracted in the following year.

Sleeping Bag Production in Nigeria

In value terms, sleeping bag production contracted to $X in 2021 estimated in export price. Over the period under review, production, however, saw tangible growth. The most prominent rate of growth was recorded in 2019 when the production volume increased by 57% against the previous year. Over the period under review, production reached the peak level at $X in 2020, and then shrank in the following year.

Sleeping Bag Exports

Exports from Nigeria

In 2021, approx. X units of sleeping bags were exported from Nigeria; rising by 43% on 2020 figures. Overall, exports, however, saw a significant decrease. The pace of growth was the most pronounced in 2017 when exports increased by 116% against the previous year. The exports peaked at X units in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, sleeping bag exports skyrocketed to $X in 2021. In general, exports, however, faced a dramatic setback. The pace of growth was the most pronounced in 2017 with an increase of 119% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Sri Lanka (X units) was the main destination for sleeping bag exports from Nigeria, with a approx. 100% share of total exports.

From 2015 to 2021, the average annual growth rate of volume to Sri Lanka was relatively modest.

In value terms, Sri Lanka ($X) emerged as the key foreign market for sleeping bags exports from Nigeria.

From 2015 to 2021, the average annual growth rate of value to Sri Lanka was relatively modest.

Export Prices by Country

In 2021, the average sleeping bag export price amounted to $X per unit, surging by 21% against the previous year. In general, the export price enjoyed a strong increase. The most prominent rate of growth was recorded in 2016 an increase of 55%. The export price peaked in 2021 and is likely to continue growth in years to come.

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

From 2015 to 2021, the rate of growth in terms of prices for Niger amounted to -3.1% per year.

Sleeping Bag Imports

Imports into Nigeria

In 2021, supplies from abroad of sleeping bags decreased by -86.4% to X units for the first time since 2018, thus ending a two-year rising trend. Over the period under review, imports continue to indicate a sharp shrinkage. The pace of growth was the most pronounced in 2019 with an increase of 739% against the previous year. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, sleeping bag imports contracted dramatically to $X in 2021. Overall, imports recorded a significant contraction. The most prominent rate of growth was recorded in 2019 with an increase of 886% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest sleeping bag supplier to Nigeria, with a 68% share of total imports. Moreover, sleeping bag imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), eightfold. The third position in this ranking was taken by South Africa (X units), with a 5.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled -42.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-8.3% per year) and South Africa (-4.5% per year).

In value terms, China ($X), Italy ($X) and South Africa ($X) were the largest sleeping bag suppliers to Nigeria, with a combined 64% share of total imports.

In terms of the main suppliers, Italy, with a CAGR of +33.0%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average sleeping bag import price stood at $X per unit in 2021, increasing by 12% against the previous year. In general, the import price showed resilient growth. The pace of growth appeared the most rapid in 2014 when the average import price increased by 75% against the previous year. Over the period under review, average import prices attained the peak figure in 2021 and is expected to retain growth in years to come.

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 Italy ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+45.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for sleeping bags in the world?

The countries with the highest volumes of sleeping bag consumption in 2021 were China, the United States and India, together accounting for 34% of global consumption. These countries were followed by Russia, Brazil, the UK, Indonesia, Japan, Bangladesh, Nigeria, Pakistan, Australia and Turkey, which together accounted for a further 23%.

What are the largest producers of sleeping bags in the world?

China constituted the country with the largest volume of sleeping bag production, accounting for 40% of total volume. Moreover, sleeping bag production in China exceeded the figures recorded by the second-largest producer, India, fivefold. Bangladesh ranked third in terms of total production with a 5.4% share.

What are the leading suppliers of sleeping bags to Nigeria?

In value terms, China constituted the largest supplier of sleeping bag to Nigeria, comprising 84% of total imports. The second position in the ranking was occupied by Italy, with an 11% share of total imports. It was followed by the United States, with a 1.7% share.

What are the leading importers of sleeping bags from Nigeria?

In value terms, Niger $200) and Kenya $147) constituted the largest markets for sleeping bag exported from Nigeria worldwide.

What is the average export price for sleeping bags in Nigeria?

The average sleeping bag export price stood at $17 per unit in 2020, reducing by -2.7% against the previous year.

What is the average import price for sleeping bags in Nigeria?

In 2021, the average sleeping bag import price amounted to $26 per unit, increasing by 24% against the previous year.

This report provides an in-depth analysis of the sleeping bag market in Nigeria. 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:

Nigeria

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Nigeria
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023