Scandinavia: Sleeping Bag Market 2024

Sleeping Bag Market Size in Scandinavia

The Scandinavia sleeping bag market soared to $X in 2021, rising by 43% against the previous year. In general, consumption showed a prominent increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Sleeping Bag Production in Scandinavia

In value terms, sleeping bag production surged to $X in 2021 estimated in export price. Over the period under review, production enjoyed a strong expansion. The pace of growth appeared the most rapid in 2016 when the production volume increased by 503%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Sleeping Bag Exports

Exports in Scandinavia

Sleeping bag exports surged to X units in 2021, increasing by 45% against 2020. Total exports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +6.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, sleeping bag exports soared to $X in 2021. Over the period under review, exports enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2019 when exports increased by 42%. The level of export peaked in 2021 and is likely to continue growth in years to come.

Exports by Country

In 2021, Denmark (X units) was the main exporter of sleeping bags, mixing up 63% of total exports. Sweden (X units) held a 28% share (based on physical terms) of total exports, which put it in second place, followed by Norway (6.5%). Finland (X units) held a little share of total exports.

From 2012 to 2021, average annual rates of growth with regard to sleeping bag exports from Denmark stood at +4.7%. At the same time, Finland (+32.8%), Sweden (+9.2%) and Norway (+4.3%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +32.8% from 2012-2021. While the share of Sweden (+6.4 p.p.) and Finland (+2.3 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Denmark (-8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest sleeping bag supplying countries in Scandinavia were Sweden ($X), Denmark ($X) and Norway ($X), together accounting for 97% of total exports. Finland lagged somewhat behind, comprising a further 2.8%.

Finland, with a CAGR of +40.1%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per unit, with a decrease of -10.9% against the previous year. Export price indicated pronounced growth from 2012 to 2021: its price increased at an average annual rate of +4.4% 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 +56.7% against 2015 indices. The most prominent rate of growth was recorded in 2020 an increase of 23% against the previous year. As a result, the export price attained the peak level of $X per unit, and then dropped in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Sweden ($X per unit), while Denmark ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+8.8%), while the other leaders experienced more modest paces of growth.

Sleeping Bag Imports

Imports in Scandinavia

Sleeping bag imports soared to X units in 2021, growing by 36% on 2020 figures. Total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +5.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +37.7% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, sleeping bag imports surged to $X in 2021. Over the period under review, imports saw a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The countries with the highest levels of sleeping bag imports in 2021 were Norway (X units), Sweden (X units), Denmark (X units) and Finland (X units), together reaching 99% of total import.

From 2012 to 2021, the biggest increases were recorded for Finland (with a CAGR of +12.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest sleeping bag importing markets in Scandinavia were Norway ($X), Sweden ($X) and Denmark ($X), together accounting for 83% of total imports. Finland lagged somewhat behind, comprising a further 17%.

Finland, with a CAGR of +16.2%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Scandinavia stood at $X per unit in 2021, growing by 6.6% against the previous year. Import price indicated temperate growth from 2012 to 2021: its price increased at an average annual rate of +3.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, sleeping bag import price increased by +61.5% against 2016 indices. The most prominent rate of growth was recorded in 2020 an increase of 17%. Over the period under review, import prices hit record highs in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Norway ($X per unit), while Denmark ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+5.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform