Philippines: Sleeping Bag Market 2025

Sleeping Bag Market Size in the Philippines

The Philippine sleeping bag market fell to $X in 2021, reducing by -8.6% against the previous year. Overall, the total consumption indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +2.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +5.9% against 2019 indices. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Sleeping Bag Production in the Philippines

In value terms, sleeping bag production contracted to $X in 2021 estimated in export price. In general, production, however, continues to indicate a measured increase. The most prominent rate of growth was recorded in 2017 with an increase of 71%. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a somewhat lower figure.

Sleeping Bag Exports

Exports from the Philippines

In 2021, approx. X units of sleeping bags were exported from the Philippines; waning by -82.8% on the year before. In general, exports, however, continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 691% against the previous year. As a result, the exports reached the peak of X units, and then contracted notably in the following year.

In value terms, sleeping bag exports declined significantly to $X in 2021. Overall, exports saw a dramatic curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 44%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X units) was the main destination for sleeping bag exports from the Philippines, with a 78% share of total exports. Moreover, sleeping bag exports to the United Arab Emirates exceeded the volume sent to the second major destination, Cayman Islands (X units), fivefold. The third position in this ranking was taken by Canada (X units), with a 4.8% share.

From 2018 to 2021, the average annual rate of growth in terms of volume to the United Arab Emirates stood at +112.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cayman Islands (0.0% per year) and Canada (-95.2% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for sleeping bags exports from the Philippines, comprising 76% of total exports. The second position in the ranking was taken by Cayman Islands ($X), with a 13% share of total exports. It was followed by Canada, with a 6.5% share.

From 2018 to 2021, the average annual rate of growth in terms of value to the United Arab Emirates amounted to -24.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cayman Islands (0.0% per year) and Canada (+67.1% per year).

Export Prices by Country

In 2021, the average sleeping bag export price amounted to $X per unit, rising by 26% against the previous year. Overall, the export price, however, recorded a dramatic downturn. The export price peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

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

From 2018 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Kuwait (-57.0%), while the prices for the other major destinations experienced a decline.

Sleeping Bag Imports

Imports into the Philippines

After three years of growth, supplies from abroad of sleeping bags decreased by -26.8% to X units in 2021. Overall, imports recorded a abrupt downturn. The pace of growth was the most pronounced in 2016 with an increase of 97%. Imports peaked at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, sleeping bag imports dropped to $X in 2021. In general, imports showed a pronounced descent. The pace of growth appeared the most rapid in 2016 with an increase of 93% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

Malaysia (X units), China (X units) and the United States (X units) were the main suppliers of sleeping bag imports to the Philippines, together accounting for 98% of total imports.

From 2012 to 2021, the biggest increases were recorded for Malaysia (with a CAGR of +13.7%), while purchases for the other leaders experienced a decline.

In value terms, the largest sleeping bag suppliers to the Philippines were Malaysia ($X), China ($X) and the United States ($X), with a combined 94% share of total imports.

Among the main suppliers, Malaysia, with a CAGR of +10.0%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average sleeping bag import price amounted to $X per unit, surging by 18% against the previous year. In general, import price indicated a measured expansion from 2012 to 2021: its price increased at an average annual rate of +3.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 an increase of 105% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2021, the average import prices failed to regain momentum.

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 the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+22.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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