Vietnam: Sleeping Bag Market 2024

Sleeping Bag Market Size in Vietnam

In 2022, the Vietnamese sleeping bag market decreased by X% to $X, falling for the third consecutive year after two years of growth. In general, consumption recorded a abrupt slump. Sleeping bag consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Sleeping Bag Production in Vietnam

In value terms, sleeping bag production rose slightly to $X in 2022 estimated in export price. Over the period under review, production posted a moderate increase. The growth pace was the most rapid in 2019 with an increase of X%. Sleeping bag production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Sleeping Bag Exports

Exports from Vietnam

In 2022, overseas shipments of sleeping bags increased by X% to X units, rising for the fifth year in a row after two years of decline. Overall, exports posted a significant increase. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, sleeping bag exports soared to $X in 2022. In general, exports recorded a significant expansion. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The United States (X units) was the main destination for sleeping bag exports from Vietnam, accounting for a X% share of total exports. Moreover, sleeping bag exports to the United States exceeded the volume sent to the second major destination, Japan (X units), threefold. The third position in this ranking was held by Canada (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (X% per year) and Canada (X% per year).

In value terms, the United States ($X) remains the key foreign market for sleeping bags exports from Vietnam, comprising X% of total exports. The second position in the ranking was held by Japan ($X), with a X% share of total exports. It was followed by Canada, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (X% per year) and Canada (X% per year).

Export Prices by Country

In 2022, the average sleeping bag export price amounted to $X per unit, dropping by X% against the previous year. Over the period under review, the export price, however, enjoyed prominent growth. The pace of growth appeared the most rapid in 2017 when the average export price increased by X%. The export price peaked at $X per unit in 2021, and then dropped in the following year.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to France ($X per unit) and the United Arab Emirates ($X per unit), while the average price for exports to South Korea ($X per unit) and the United States ($X per unit) were amongst the lowest.

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

Sleeping Bag Imports

Imports into Vietnam

In 2022, overseas purchases of sleeping bags decreased by X% to X units for the first time since 2017, thus ending a four-year rising trend. Over the period under review, imports, however, posted a significant increase. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Imports peaked at X units in 2021, and then contracted notably in the following year.

In value terms, sleeping bag imports contracted rapidly to $X in 2022. In general, imports, however, posted significant growth. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2021, and then contracted sharply in the following year.

Imports by Country

In 2022, China (X units) constituted the largest sleeping bag supplier to Vietnam, with a X% share of total imports. Moreover, sleeping bag imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), more than tenfold. India (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and India (X% per year).

In value terms, China ($X) constituted the largest supplier of sleeping bags to Vietnam, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with a X% share of total imports. It was followed by India, with a X% share.

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

Import Prices by Country

The average sleeping bag import price stood at $X per unit in 2022, surging by X% against the previous year. In general, import price indicated perceptible growth 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 import price increased by X% against 2019 indices. The growth pace was the most rapid in 2020 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Japan ($X per unit) and Bangladesh ($X per unit), while the price for South Korea ($X per unit) and China ($X per unit) were amongst the lowest.

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

Source: IndexBox Platform

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