Sri Lanka: Sleeping Bag Market 2024

Sleeping Bag Market Size in Sri Lanka

The Sri Lankan sleeping bag market reduced to $X in 2022, waning by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Sleeping Bag Production in Sri Lanka

In value terms, sleeping bag production reached $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Sleeping Bag Exports

Exports from Sri Lanka

In 2022, overseas shipments of sleeping bags increased by X% to X units, rising for the second consecutive year after three years of decline. In general, exports, however, recorded a deep setback. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, sleeping bag exports skyrocketed to $X in 2022. Over the period under review, exports showed a mild increase. The growth pace was the most rapid in 2017 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Norway (X units) was the main destination for sleeping bag exports from Sri Lanka, accounting for a X% share of total exports. Moreover, sleeping bag exports to Norway exceeded the volume sent to the second major destination, Sweden (X units), twofold. The UK (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Norway was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (X% per year) and the UK (X% per year).

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

From 2012 to 2022, the average annual growth rate of value to Norway was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (X% per year) and the UK (X% per year).

Export Prices by Country

In 2022, the average sleeping bag export price amounted to $X per unit, surging by X% against the previous year. Over the period under review, export price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sleeping bag export price increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2013 when the average export price increased by X%. The export price peaked in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per unit), while the average price for exports to South Africa ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (X%), while the prices for the other major destinations experienced more modest paces of growth.

Sleeping Bag Imports

Imports into Sri Lanka

In 2022, after two years of decline, there was significant growth in supplies from abroad of sleeping bags, when their volume increased by X% to X units. In general, imports recorded significant growth. Over the period under review, imports attained the peak figure at X units in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, sleeping bag imports surged to $X in 2022. Over the period under review, imports showed a significant increase. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

India (X units), Italy (X units) and China (X units) were the main suppliers of sleeping bag imports to Sri Lanka, together accounting for X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of X.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X) constituted the largest supplier of sleeping bags to Sri Lanka, comprising X% of total imports. The second position in the ranking was held by Italy ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from India stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X.0% per year) and China (X% per year).

Import Prices by Country

In 2022, the average sleeping bag import price amounted to $X per unit, reducing by X% against the previous year. Over the period under review, the import price recorded a noticeable decline. The most prominent rate of growth was recorded in 2020 an increase of X%. The import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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