Global Camping Goods Market to Grow at 2.6% CAGR, Reaching 3M Tons by 2030

IndexBox has just published a new report: World - Camping Goods - Market Analysis, Forecast, Size, Trends and Insights.

The camping goods market is expected to see steady growth over the next seven years, with a forecasted CAGR of +2.6% in volume and +5.0% in value from 2023 to 2030. This trend is driven by increasing demand for camping products globally.

Market Forecast

Driven by increasing demand for camping goods worldwide, the market is expected to continue an upward consumption trend over the next seven years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +2.6% for the period from 2023 to 2030, which is projected to bring the market volume to 3M tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +5.0% for the period from 2023 to 2030, which is projected to bring the market value to $22.6B (in in nominal wholesale prices) by the end of 2030.

Consumption

World Consumption of Camping Goods

In 2023, consumption of camping goods decreased by -3.5% to 2.5M tons, falling for the second year in a row after nine years of growth. The total consumption volume increased at an average annual rate of +3.6% from 2013 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak volume of 2.6M tons. From 2022 to 2023, the growth of the global consumption remained at a somewhat lower figure.

The global camping equipment market revenue reduced to $16.1B in 2023, approximately reflecting the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated a remarkable increase from 2013 to 2023: its value increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by -2.8% against 2021 indices. As a result, consumption attained the peak level of $16.5B. From 2022 to 2023, the growth of the global market failed to regain momentum.

Consumption By Country

The country with the largest volume of camping equipment consumption was China (488K tons), comprising approx. 20% of total volume. Moreover, camping equipment consumption in China exceeded the figures recorded by the second-largest consumer, South Korea (230K tons), twofold. The United States (222K tons) ranked third in terms of total consumption with an 8.9% share.

In China, camping equipment consumption expanded at an average annual rate of +5.9% over the period from 2013-2023. In the other countries, the average annual rates were as follows: South Korea (+3.5% per year) and the United States (+0.9% per year).

In value terms, the largest camping equipment markets worldwide were China ($2.6B), South Korea ($1.9B) and Turkey ($1.8B), together accounting for 39% of the global market. The United States, Japan, Germany, Indonesia, France, Bangladesh, Nigeria, Pakistan, Brazil and India lagged somewhat behind, together comprising a further 29%.

India, with a CAGR of +13.8%, recorded the highest growth rate of market size among the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.

In 2023, the highest levels of camping equipment per capita consumption was registered in South Korea (4,445 kg per 1000 persons), followed by Turkey (1,294 kg per 1000 persons), Japan (1,051 kg per 1000 persons) and Germany (1,009 kg per 1000 persons), while the world average per capita consumption of camping equipment was estimated at 314 kg per 1000 persons.

In South Korea, camping equipment per capita consumption expanded at an average annual rate of +3.2% over the period from 2013-2023. In the other countries, the average annual rates were as follows: Turkey (+8.3% per year) and Japan (-0.6% per year).

Production

World Production of Camping Goods

Global camping equipment production totaled 2.8M tons in 2023, increasing by 3.1% against 2022 figures. In general, the total production indicated a moderate expansion from 2013 to 2023: its volume increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by -1.5% against 2021 indices. The pace of growth appeared the most rapid in 2015 with an increase of 24% against the previous year. Over the period under review, global production attained the peak volume at 2.8M tons in 2021; afterwards, it flattened through to 2023.

In value terms, camping equipment production stood at $19.3B in 2023 estimated in export price. Over the period under review, the total production indicated a measured increase from 2013 to 2023: its value increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by -4.2% against 2021 indices. The most prominent rate of growth was recorded in 2021 when the production volume increased by 21% against the previous year. As a result, production reached the peak level of $20.1B. From 2022 to 2023, global production growth remained at a lower figure.

Production By Country

China (1.3M tons) remains the largest camping equipment producing country worldwide, accounting for 46% of total volume. Moreover, camping equipment production in China exceeded the figures recorded by the second-largest producer, South Korea (198K tons), sixfold. The third position in this ranking was held by India (149K tons), with a 5.3% share.

From 2013 to 2023, the average annual rate of growth in terms of volume in China totaled +5.0%. In the other countries, the average annual rates were as follows: South Korea (+2.4% per year) and India (+3.3% per year).

Imports

World Imports of Camping Goods

In 2023, after six years of growth, there was significant decline in overseas purchases of camping goods, when their volume decreased by -18.8% to 865K tons. Over the period under review, total imports indicated pronounced growth from 2013 to 2023: its volume increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 36% against the previous year. Over the period under review, global imports attained the maximum at 1.1M tons in 2022, and then contracted markedly in the following year.

In value terms, camping equipment imports shrank dramatically to $5.5B in 2023. Overall, total imports indicated a prominent increase from 2013 to 2023: its value increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 36% against the previous year. Over the period under review, global imports reached the peak figure at $6.5B in 2022, and then fell markedly in the following year.

Imports By Country

In 2023, the United States (189K tons) was the main importer of camping goods, comprising 22% of total imports. Germany (53K tons) took a 6.2% share (based on physical terms) of total imports, which put it in second place, followed by the Netherlands (4.7%) and France (4.6%). South Korea (35K tons), the Philippines (33K tons), the UK (31K tons), Belgium (26K tons), Thailand (23K tons), Japan (22K tons), Australia (21K tons), India (17K tons) and Spain (17K tons) took a little share of total imports.

Imports into the United States increased at an average annual rate of +5.9% from 2013 to 2023. At the same time, India (+33.2%), Thailand (+15.8%), Belgium (+14.8%), South Korea (+13.1%), the Philippines (+9.9%), the Netherlands (+8.9%), Spain (+6.3%), Japan (+3.5%), Germany (+3.4%), France (+3.3%) and the UK (+2.8%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in the world, with a CAGR of +33.2% from 2013-2023. By contrast, Australia (-2.9%) illustrated a downward trend over the same period. From 2013 to 2023, the share of the United States, South Korea, Belgium, India, Thailand and the Netherlands increased by +2.6, +2.2, +1.8, +1.8, +1.7 and +1.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest camping equipment importing markets worldwide were the United States ($841M), Germany ($484M) and France ($372M), together accounting for 31% of global imports. The Netherlands, the UK, South Korea, Australia, Japan, Belgium, Spain, Thailand, the Philippines and India lagged somewhat behind, together comprising a further 31%.

The Philippines, with a CAGR of +18.2%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Imports By Type

In 2023, tents of synthetic fibres (328K tons) and tarpaulins, awnings and sunblinds of synthetic fibres (236K tons) represented the key types of camping goodsaround the world, together amounting to approx. 64% of total imports. It was distantly followed by tarpaulins, awnings and sunblinds of textile materials other than cotton or synthetic fibres (114K tons), sailboards, landcraft or camping goods; of textile materials (86K tons) and tents of textile materials other than cotton or synthetic fibres (79K tons), together achieving a 32% share of total imports. Pneumatic mattresses of cotton or other textile materials (28K tons) took a little share of total imports.

From 2013 to 2023, the biggest increases were recorded for tarpaulins, awnings and sunblinds of synthetic fibres (with a CAGR of +8.5%), while purchases for the other products experienced more modest paces of growth.

In value terms, tents of synthetic fibres ($2.4B), tarpaulins, awnings and sunblinds of synthetic fibres ($1.3B) and sailboards, landcraft or camping goods; of textile materials ($503M) appeared to be the products with the highest levels of imports in 2023, with a combined 76% share of global imports. Tents of textile materials other than cotton or synthetic fibres, tarpaulins, awnings and sunblinds of textile materials other than cotton or synthetic fibres, pneumatic mattresses of cotton or other textile materials and sails lagged somewhat behind, together accounting for a further 24%.

Among the main imported products, pneumatic mattresses of cotton or other textile materials, with a CAGR of +10.0%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other products experienced more modest paces of growth.

Import Prices By Type

In 2023, the average camping equipment import price amounted to $6,358 per ton, rising by 4.2% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the product type; the product with the highest price was sails ($46,781 per ton), while the price for tarpaulins, awnings and sunblinds of textile materials other than cotton or synthetic fibres ($3,089 per ton) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was attained by pneumatic mattresses of cotton or other textile materials (+4.8%), while the other products experienced more modest paces of growth.

Import Prices By Country

In 2023, the average camping equipment import price amounted to $6,358 per ton, surging by 4.2% against the previous year. Overall, the import price recorded a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Australia ($11,083 per ton), while the Philippines ($918 per ton) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was attained by Australia (+8.5%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Camping Goods

In 2023, overseas shipments of camping goods decreased by -2.4% to 1.2M tons, falling for the second year in a row after two years of growth. In general, total exports indicated a notable increase from 2013 to 2023: its volume increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports decreased by -7.3% against 2021 indices. The pace of growth was the most pronounced in 2015 when exports increased by 78% against the previous year. Over the period under review, the global exports hit record highs at 1.3M tons in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

In value terms, camping equipment exports contracted to $7.4B in 2023. Over the period under review, exports, however, enjoyed a remarkable increase. The pace of growth was the most pronounced in 2021 with an increase of 36% against the previous year. The global exports peaked at $7.8B in 2022, and then declined in the following year.

Exports By Country

China dominates exports structure, reaching 797K tons, which was near 69% of total exports in 2023. It was distantly followed by Bangladesh (59K tons), committing a 5.1% share of total exports. Pakistan (41K tons), Poland (38K tons), Belgium (37K tons), the Netherlands (27K tons) and Germany (19K tons) held a minor share of total exports.

From 2013 to 2023, average annual rates of growth with regard to camping equipment exports from China stood at +4.4%. At the same time, Belgium (+26.9%), Bangladesh (+10.4%), the Netherlands (+9.8%), Poland (+8.0%), Germany (+2.7%) and Pakistan (+2.5%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing exporter exported in the world, with a CAGR of +26.9% from 2013-2023. From 2013 to 2023, the share of Belgium and Bangladesh increased by +2.7 and +2.1 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($3.8B) remains the largest camping equipment supplier worldwide, comprising 52% of global exports. The second position in the ranking was taken by Bangladesh ($424M), with a 5.7% share of global exports. It was followed by Germany, with a 4.7% share.

From 2013 to 2023, the average annual growth rate of value in China totaled +6.4%. In the other countries, the average annual rates were as follows: Bangladesh (+11.0% per year) and Germany (+5.2% per year).

Exports By Type

Tents of synthetic fibres (463K tons) and tarpaulins, awnings and sunblinds of synthetic fibres (337K tons) dominates exports structure, together constituting 72% of total exports. Tents of textile materials other than cotton or synthetic fibres (105K tons) took the next position in the ranking, followed by tarpaulins, awnings and sunblinds of textile materials other than cotton or synthetic fibres (97K tons) and sailboards, landcraft or camping goods; of textile materials (68K tons). All these products together held near 24% share of total exports. Pneumatic mattresses of cotton or other textile materials (44K tons) followed a long way behind the leaders.

From 2013 to 2023, the most notable rate of growth in terms of shipments, amongst the main exported products, was attained by tents of synthetic fibres (with a CAGR of +6.5%), while the other products experienced more modest paces of growth.

In value terms, the largest types of exported camping goods were tents of synthetic fibres ($3.3B), tarpaulins, awnings and sunblinds of synthetic fibres ($1.8B) and tents of textile materials other than cotton or synthetic fibres ($632M), together accounting for 77% of global exports. Sailboards, landcraft or camping goods; of textile materials, tarpaulins, awnings and sunblinds of textile materials other than cotton or synthetic fibres, pneumatic mattresses of cotton or other textile materials and sails lagged somewhat behind, together comprising a further 23%.

Pneumatic mattresses of cotton or other textile materials, with a CAGR of +9.0%, saw the highest rates of growth with regard to the value of exports, among the main exported products over the period under review, while shipments for the other products experienced more modest paces of growth.

Export Prices By Type

The average camping equipment export price stood at $6,367 per ton in 2023, falling by -3.2% against the previous year. In general, export price indicated mild growth from 2013 to 2023: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, camping equipment export price increased by +24.8% against 2017 indices. The most prominent rate of growth was recorded in 2014 when the average export price increased by 81%. As a result, the export price attained the peak level of $9,747 per ton. From 2015 to 2023, the average export prices failed to regain momentum.

Prices varied noticeably by the product type; the product with the highest price was sails ($72,935 per ton), while the average price for exports of tarpaulins, awnings and sunblinds of textile materials other than cotton or synthetic fibres ($4,476 per ton) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was attained by pneumatic mattresses of cotton or other textile materials (+4.1%), while the other products experienced more modest paces of growth.

Export Prices By Country

The average camping equipment export price stood at $6,367 per ton in 2023, shrinking by -3.2% against the previous year. Overall, export price indicated a slight expansion from 2013 to 2023: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, camping equipment export price increased by +24.8% against 2017 indices. The most prominent rate of growth was recorded in 2014 when the average export price increased by 81% against the previous year. As a result, the export price reached the peak level of $9,747 per ton. From 2015 to 2023, the average export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($18,564 per ton), while Pakistan ($3,709 per ton) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was attained by Germany (+2.4%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform