United Kingdom: Sleeping Bag Market 2024

Sleeping Bag Market Size in the UK

The UK sleeping bag market surged to $X in 2021, jumping by 23% against the previous year. Overall, consumption saw a relatively flat trend pattern. Sleeping bag consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Sleeping Bag Production in the UK

In value terms, sleeping bag production dropped to $X in 2021 estimated in export price. Over the period under review, production, however, enjoyed a strong expansion. The pace of growth appeared the most rapid in 2016 when the production volume increased by 91% against the previous year. Sleeping bag production peaked at $X in 2020, and then reduced in the following year.

Sleeping Bag Exports

Exports from the UK

In 2021, shipments abroad of sleeping bags decreased by -47% to X units, falling for the fifth year in a row after five years of growth. In general, exports showed a perceptible contraction. The pace of growth was the most pronounced in 2015 with an increase of 51% against the previous year. The exports peaked at X units in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, sleeping bag exports dropped to $X in 2021. Overall, exports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 63% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Ireland (X units), the Netherlands (X units) and Belgium (X units) were the main destinations of sleeping bag exports from the UK, together comprising 37% of total exports. These countries were followed by the United States, Germany, Denmark, the Czech Republic, France, Poland, Spain, Norway, Finland and Greece, which together accounted for a further 45%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Norway (with a CAGR of +38.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for sleeping bag exported from the UK were the United States ($X), the Netherlands ($X) and Germany ($X), with a combined 34% share of total exports. These countries were followed by Norway, Belgium, Ireland, Denmark, the Czech Republic, France, Spain, Poland, Finland and Greece, which together accounted for a further 37%.

In terms of the main countries of destination, Finland, with a CAGR of +41.5%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average sleeping bag export price amounted to $X per unit, surging by 62% against the previous year. In general, export price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +9.9% 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 +104.0% against 2018 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Norway ($X per unit), while the average price for exports to Ireland ($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 the United States (+16.7%), while the prices for the other major destinations experienced more modest paces of growth.

Sleeping Bag Imports

Imports into the UK

In 2021, approx. X units of sleeping bags were imported into the UK; approximately reflecting 2020 figures. In general, imports saw a noticeable decrease. The most prominent rate of growth was recorded in 2016 with an increase of 13% against the previous year. As a result, imports attained the peak of X units. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, sleeping bag imports soared to $X in 2021. Over the period under review, imports, however, showed a relatively flat trend pattern. Imports peaked at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest sleeping bag supplier to the UK, accounting for a 87% share of total imports. It was followed by Turkey (X units), with a 2.6% share of total imports. Spain (X units) ranked third in terms of total imports with a 1.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at -2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+20.4% per year) and Spain (+71.2% per year).

In value terms, China ($X) constituted the largest supplier of sleeping bags to the UK, comprising 83% of total imports. The second position in the ranking was taken by Turkey ($X), with a 3.8% share of total imports. It was followed by Spain, with a 2.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+21.7% per year) and Spain (+75.5% per year).

Import Prices by Country

In 2021, the average sleeping bag import price amounted to $X per unit, surging by 19% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.6%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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