World - Sacks And Bags Of Cotton - Market Analysis, Forecast, Size, Trends And Insights
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The article discusses the projected growth of the global cotton bag market from 2022 to 2030, with an anticipated increase in consumption and production. Market performance is forecasted to expand with a CAGR of +4.1% in volume and +5.9% in value. Consumption and production trends, as well as import and export dynamics, are analyzed to provide insights into key market drivers and opportunities for growth.
Market Forecast
Driven by increasing demand for sacks and bags of cotton worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +4.1% for the period from 2022 to 2030, which is projected to bring the market volume to 172K tons by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +5.9% for the period from 2022 to 2030, which is projected to bring the market value to $2.1B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Sacks And Bags Of Cotton
In 2022, global cotton bag consumption contracted to 124K tons, waning by -11.7% compared with the previous year's figure. Over the period under review, consumption, however, continues to indicate prominent growth. As a result, consumption reached the peak volume of 153K tons. From 2020 to 2022, the growth of the global consumption remained at a somewhat lower figure.
The global cotton bag market revenue dropped to $1.3B in 2022, declining by -11% against 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). In general, the total consumption indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -24.3% against 2019 indices. Global consumption peaked at $1.8B in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.
Consumption By Country
The countries with the highest volumes of consumption in 2022 were Pakistan (17K tons), China (17K tons) and Italy (9.2K tons), with a combined 34% share of global consumption.
From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by Pakistan (with a CAGR of +29.2%), while consumption for the other global leaders experienced more modest paces of growth.
In value terms, the largest cotton bag markets worldwide were China ($170M), Japan ($122M) and Turkey ($91M), together accounting for 29% of the global market. Italy, the United States, France, Brazil, Pakistan, Mexico, India, Nigeria, Indonesia and Russia lagged somewhat behind, together comprising a further 25%.
In terms of the main consuming countries, Pakistan, with a CAGR of +27.1%, saw the highest rates of growth with regard to market size over the period under review, while market for the other global leaders experienced more modest paces of growth.
In 2022, the highest levels of cotton bag per capita consumption was registered in Italy (156 kg per 1000 persons), followed by Pakistan (73 kg per 1000 persons), France (29 kg per 1000 persons) and Turkey (28 kg per 1000 persons), while the world average per capita consumption of cotton bag was estimated at 16 kg per 1000 persons.
From 2012 to 2022, the average annual growth rate of the cotton bag per capita consumption in Italy stood at +21.6%. In the other countries, the average annual rates were as follows: Pakistan (+26.0% per year) and France (+11.8% per year).
Production
World Production of Sacks And Bags Of Cotton
In 2022, global production of sacks and bags of cotton shrank to 143K tons, which is down by -7.3% on the previous year. In general, production, however, enjoyed a strong expansion. The growth pace was the most rapid in 2019 with an increase of 40%. As a result, production reached the peak volume of 174K tons. From 2020 to 2022, global production growth remained at a lower figure.
In value terms, cotton bag production reduced slightly to $1.3B in 2022 estimated in export price. Over the period under review, the total production indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -15.2% against 2019 indices. The pace of growth appeared the most rapid in 2018 when the production volume increased by 45%. Global production peaked at $1.5B in 2019; however, from 2020 to 2022, production failed to regain momentum.
Production By Country
The countries with the highest volumes of production in 2022 were Pakistan (31K tons), China (21K tons) and India (11K tons), together comprising 43% of global production. Italy, the United States, Albania, Russia, Indonesia, Brazil, Turkey and Bangladesh lagged somewhat behind, together accounting for a further 20%.
From 2012 to 2022, the biggest increases were recorded for Albania (with a CAGR of +49.9%), while production for the other global leaders experienced more modest paces of growth.
Imports
World Imports of Sacks And Bags Of Cotton
In 2022, supplies from abroad of sacks and bags of cotton increased by 34% to 20K tons, rising for the second consecutive year after three years of decline. In general, total imports indicated a notable increase from 2012 to 2022: its volume increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +70.0% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, cotton bag imports soared to $203M in 2022. Overall, total imports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +59.8% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 34% against the previous year. Over the period under review, global imports attained the maximum in 2022 and are likely to continue growth in the near future.
Imports By Country
The purchases of the twelve major importers of sacks and bags of cotton, namely France, Italy, the United States, the United Arab Emirates, Australia, Spain, South Sudan, the UK, Germany, Angola, Denmark and Hong Kong SAR, represented more than two-thirds of total import.
From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by South Sudan (with a CAGR of +84.5%), while imports for the other global leaders experienced more modest paces of growth.
In value terms, the largest cotton bag importing markets worldwide were France ($44M), Italy ($30M) and Australia ($23M), together accounting for 48% of global imports. The United States, Germany, the UK, Spain, the United Arab Emirates, Denmark, Hong Kong SAR, South Sudan and Angola lagged somewhat behind, together accounting for a further 27%.
South Sudan, with a CAGR of +46.6%, 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.
Import Prices By Country
In 2022, the average cotton bag import price amounted to $10,337 per ton, falling by -10.8% against the previous year. In general, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cotton bag import price decreased by -11.0% against 2019 indices. The growth pace was the most rapid in 2015 when the average import price increased by 26%. Over the period under review, average import prices attained the maximum at $11,610 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was France ($19,010 per ton), while South Sudan ($1,603 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+14.0%), while the other global leaders experienced more modest paces of growth.
Exports
World Exports of Sacks And Bags Of Cotton
Global cotton bag exports surged to 38K tons in 2022, jumping by 37% compared with the year before. Over the period under review, total exports indicated a moderate expansion from 2012 to 2022: its volume increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +59.8% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, cotton bag exports rose notably to $252M in 2022. In general, total exports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +6.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +66.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 57%. The global exports peaked in 2022 and are expected to retain growth in years to come.
Exports By Country
In 2022, Pakistan (14K tons) was the largest exporter of sacks and bags of cotton, generating 37% of total exports. India (7.1K tons) ranks second in terms of the total exports with a 19% share, followed by China (11%), Albania (7.8%) and the United Arab Emirates (7.2%). The following exporters - Bangladesh (1,101 tons) and Italy (686 tons) - together made up 4.7% of total exports.
From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Albania (with a CAGR of +79.8%), while the other global leaders experienced more modest paces of growth.
In value terms, India ($60M), China ($51M) and Albania ($33M) constituted the countries with the highest levels of exports in 2022, together comprising 57% of global exports.
Albania, with a CAGR of +77.7%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.
Export Prices By Country
In 2022, the average cotton bag export price amounted to $6,654 per ton, declining by -22.5% against the previous year. Over the last decade, it increased at an average annual rate of +2.9%. The most prominent rate of growth was recorded in 2021 when the average export price increased by 34%. As a result, the export price reached the peak level of $8,585 per ton, and then reduced sharply in the following year.
There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Italy ($18,586 per ton), while Pakistan ($1,358 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+8.1%), while the other global leaders experienced mixed trends in the export price figures.
This report provides an in-depth analysis of the global cotton bag market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 13922130 - Sacks and bags, of cotton, used for packing goods
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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In 2016, the amount of sack and bag imported worldwide amounted to X tons, approximately equating the previous year level. The total import volume increased at an average annual rate of +X% ove...
In 2016, the amount of sack and bag imported worldwide amounted to X tons, approximately equating the previous year level. The total import volume increased at an average annual rate of +X% ove...