Sweden: Sleeping Bag Market 2024

Sleeping Bag Market Size in Sweden

For the eighth year in a row, the Swedish sleeping bag market recorded growth in sales value, which increased by 42% to $X in 2021. In general, consumption posted strong growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Sleeping Bag Production in Sweden

In value terms, sleeping bag production soared to $X in 2021 estimated in export price. In general, production showed significant growth. The pace of growth appeared the most rapid in 2019 when the production volume increased by 328%. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Sleeping Bag Exports

Exports from Sweden

In 2021, exports of sleeping bags from Sweden rose to X units, growing by 3.9% compared with the previous year. Overall, exports saw a strong expansion. The growth pace was the most rapid in 2019 when exports increased by 173% against the previous year. As a result, the exports attained the peak of X units. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, sleeping bag exports surged to $X in 2021. Over the period under review, exports posted a prominent expansion. The most prominent rate of growth was recorded in 2019 with an increase of 187% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to continue growth in the near future.

Exports by Country

Norway (X units), Finland (X units) and Denmark (X units) were the main destinations of sleeping bag exports from Sweden, together accounting for 81% of total exports. Germany, Austria and Poland 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 Austria (with a CAGR of +47.6%), while the other leaders experienced more modest paces of growth.

In value terms, Norway ($X), Finland ($X) and Denmark ($X) were the largest markets for sleeping bag exported from Sweden worldwide, with a combined 85% share of total exports. These countries were followed by Germany, Austria and Poland, which together accounted for a further 9.8%.

Austria, with a CAGR of +40.6%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average sleeping bag export price stood at $X per unit in 2021, picking up by 24% against the previous year. Overall, the export price continues to indicate strong growth. The pace of growth was the most pronounced in 2020 an increase of 36%. The export price peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Norway ($X per unit), while the average price for exports to Poland ($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 Denmark (+12.3%), while the prices for the other major destinations experienced more modest paces of growth.

Sleeping Bag Imports

Imports into Sweden

In 2021, approx. X units of sleeping bags were imported into Sweden; increasing by 11% against 2020 figures. The total import volume increased at an average annual rate of +3.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2015 when imports increased by 27% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, sleeping bag imports skyrocketed to $X in 2021. Overall, imports recorded a resilient expansion. The most prominent rate of growth was recorded in 2015 when imports increased by 51% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest sleeping bag supplier to Sweden, with a 62% share of total imports. Moreover, sleeping bag imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), eightfold. The third position in this ranking was held by Cambodia (X units), with a 7.8% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+39.8% per year) and Cambodia (+44.9% per year).

In value terms, China ($X), Germany ($X) and Cambodia ($X) were the largest sleeping bag suppliers to Sweden, with a combined 71% share of total imports. These countries were followed by Vietnam, Hungary, Bangladesh and Poland, which together accounted for a further 15%.

Among the main suppliers, Vietnam, with a CAGR of +141.4%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average sleeping bag import price amounted to $X per unit, with an increase of 18% against the previous year. In general, import price indicated a strong increase from 2012 to 2021: its price increased at an average annual rate of +5.2% 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 +46.7% against 2015 indices. The most prominent rate of growth was recorded in 2020 when the average import price increased by 33% against the previous year. The import price peaked in 2021 and is likely to continue growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+11.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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