GCC: Sleeping Bag Market 2024

Sleeping Bag Market Size in GCC

The GCC sleeping bag market declined to $X in 2022, waning by X% against the previous year. The total consumption indicated a mild increase from 2012 to 2022: its value 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, consumption increased by X% against 2020 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Sleeping Bag Production in GCC

In value terms, sleeping bag production reduced to $X in 2022 estimated in export price. In general, production, however, saw a measured increase. The pace of growth was the most pronounced in 2016 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Sleeping Bag Exports

Exports in GCC

After two years of decline, overseas shipments of sleeping bags increased by X% to X units in 2022. In general, exports recorded a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, sleeping bag exports surged to $X in 2022. Over the period under review, exports posted a prominent increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United Arab Emirates dominates exports structure, resulting at X units, which was approx. X% of total exports in 2022. Kuwait (X units) and Saudi Arabia (X units) took a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to sleeping bag exports from the United Arab Emirates stood at X%. At the same time, Saudi Arabia (X%) and Kuwait (X%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing exporter exported in GCC, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Kuwait decreased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest sleeping bag supplier in GCC, comprising X% of total exports. The second position in the ranking was taken by Kuwait ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates stood at X%. In the other countries, the average annual rates were as follows: Kuwait (X% per year) and Saudi Arabia (X% per year).

Export Prices by Country

The export price in GCC stood at $X per unit in 2022, shrinking by X% against the previous year. Over the period under review, the export price saw a abrupt setback. The most prominent rate of growth was recorded in 2016 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the maximum at $X per unit in 2021, and then plummeted in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Kuwait ($X per unit), while the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (X%), while the other leaders experienced mixed trends in the export price figures.

Sleeping Bag Imports

Imports in GCC

In 2022, purchases abroad of sleeping bags increased by X% to X units, rising for the second consecutive year after three years of decline. Over the period under review, imports, however, continue to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2014 when imports increased by X%. As a result, imports reached the peak of X units. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, sleeping bag imports reduced sharply to $X in 2022. In general, imports, however, continue to indicate a deep setback. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

The United Arab Emirates represented the major importing country with an import of around X units, which amounted to X% of total imports. Kuwait (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Qatar (X%). Oman (X units) held a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Qatar (with a CAGR of X%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest sleeping bag importing markets in GCC were the United Arab Emirates ($X), Kuwait ($X) and Qatar ($X), with a combined X% share of total imports.

Qatar, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in GCC amounted to $X per unit, dropping by X% against the previous year. Overall, the import price showed a perceptible shrinkage. The pace of growth appeared the most rapid in 2019 an increase of X% against the previous year. Over the period under review, import prices reached the maximum at $X per unit in 2021, and then fell significantly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Oman ($X per unit), while the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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