Sri Lanka: Sleeping Bag Market 2025

Sleeping Bag Market Size in Sri Lanka

In 2021, the Sri Lankan sleeping bag market was finally on the rise to reach $X after two years of decline. 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 Sri Lanka

In value terms, sleeping bag production rose rapidly to $X in 2021 estimated in export price. Over the period under review, production, however, showed a slight reduction. The pace of growth appeared the most rapid in 2018 when the production volume increased by 29%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Sleeping Bag Exports

Exports from Sri Lanka

In 2021, shipments abroad of sleeping bags increased by 11% to X units, rising for the second year in a row after two years of decline. In general, exports, however, recorded a drastic downturn. The pace of growth was the most pronounced in 2017 when exports increased by 58% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, sleeping bag exports skyrocketed to $X in 2021. Over the period under review, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 82% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Norway (X units), India (X units) and Sweden (X units) were the main destinations of sleeping bag exports from Sri Lanka, with a combined 72% share of total exports. Maldives, Egypt, China, Seychelles, Poland and Slovakia lagged somewhat behind, together comprising a further 15%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Maldives (with a CAGR of +66.6%), while the other leaders experienced more modest paces of growth.

In value terms, Norway ($X) remains the key foreign market for sleeping bags exports from Sri Lanka, comprising 64% of total exports. The second position in the ranking was held by Sweden ($X), with a 12% share of total exports. It was followed by India, with a 4.9% share.

From 2012 to 2021, the average annual growth rate of value to Norway stood at -3.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+20.0% per year) and India (+18.0% per year).

Export Prices by Country

The average sleeping bag export price stood at $X per unit in 2021, jumping by 42% against the previous year. Overall, the export price showed a buoyant increase. The most prominent rate of growth was recorded in 2014 when the average export price increased by 57%. Over the period under review, the average export prices reached the maximum at $X per unit in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Sweden ($X per unit), while the average price for exports to China ($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 Slovakia (+7.9%), while the prices for the other major destinations experienced more modest paces of growth.

Sleeping Bag Imports

Imports into Sri Lanka

In 2021, approx. X units of sleeping bags were imported into Sri Lanka; shrinking by -87.3% compared with the year before. Overall, imports, however, recorded significant growth. The growth pace was the most rapid in 2013 when imports increased by 1,100% against the previous year. Imports peaked at X units in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, sleeping bag imports fell remarkably to $X in 2021. In general, imports, however, recorded a strong increase. The growth pace was the most rapid in 2015 with an increase of 550% against the previous year. Over the period under review, imports reached the maximum at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest sleeping bag supplier to Sri Lanka, accounting for a 67% share of total imports. Moreover, sleeping bag imports from China exceeded the figures recorded by the second-largest supplier, Indonesia (X units), sevenfold. Hong Kong SAR (X units) ranked third in terms of total imports with a 9.8% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +37.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+19.6% per year) and Hong Kong SAR (-2.6% per year).

In value terms, Indonesia ($X) constituted the largest supplier of sleeping bags to Sri Lanka, comprising 69% of total imports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 9.6% share of total imports. It was followed by China, with a 7.5% share.

From 2012 to 2021, the average annual growth rate of value from Indonesia amounted to +40.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+26.6% per year) and China (+9.0% per year).

Import Prices by Country

The average sleeping bag import price stood at $X per unit in 2021, surging by 36% against the previous year. Over the period under review, the import price, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2020 an increase of 88% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Indonesia ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+11.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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