China - Sacks And Bags - Market Analysis, Forecast, Size, Trends and Insights
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View PricingChina's Sack and Bag Export Declines Notably to $174M in April 2023
China Sack And Bag Exports
In April 2023, the amount of sacks and bags exported from China dropped modestly to 51K tons, standing approximately at March 2023. The total export volume increased at an average monthly rate of +1.0% from April 2022 to April 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain months. The most prominent rate of growth was recorded in March 2023 when exports increased by 59% month-to-month.
In value terms, sack and bag exports declined to $174M (IndexBox estimates) in April 2023. The total export value increased at an average monthly rate of +1.5% from April 2022 to April 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain months. The pace of growth was the most pronounced in March 2023 when exports increased by 83% against the previous month. As a result, the exports attained the peak of $184M, and then declined in the following month.
| COUNTRY | Export Value of Sack And Bag in China (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | |
| Japan | 23.6 | 31.4 | 26.3 | 33.9 | 33.8 | 27.7 | 29.3 | 25.9 | 21.8 | 22.9 | 20.8 | 28.1 | 26.8 |
| United States | 17.3 | 18.0 | 20.5 | 21.1 | 21.2 | 19.8 | 18.4 | 16.4 | 14.7 | 14.0 | 7.7 | 18.4 | 15.3 |
| Philippines | 10.9 | 8.6 | 8.9 | 10.4 | 9.1 | 10.8 | 9.2 | 8.6 | 8.2 | 8.4 | 5.3 | 9.8 | 8.7 |
| South Korea | 7.9 | 8.5 | 8.4 | 8.5 | 9.2 | 7.5 | 8.3 | 8.2 | 8.3 | 6.1 | 6.5 | 9.0 | 8.6 |
| Australia | 5.2 | 7.0 | 7.2 | 7.2 | 7.5 | 8.2 | 6.6 | 5.3 | 6.1 | 5.6 | 5.2 | 10.6 | 8.0 |
| Russia | 6.2 | 5.0 | 5.4 | 6.8 | 7.9 | 7.6 | 6.9 | 5.7 | 5.5 | 4.3 | 4.0 | 5.3 | 8.0 |
| Malaysia | 4.9 | 6.5 | 5.5 | 6.9 | 6.3 | 5.6 | 6.2 | 5.7 | 7.5 | 4.4 | 4.5 | 8.7 | 7.5 |
| Thailand | 4.2 | 3.7 | 3.2 | 4.2 | 4.4 | 4.5 | 4.9 | 5.1 | 2.5 | 2.8 | 4.1 | 5.2 | 5.0 |
| Indonesia | 1.9 | 1.8 | 1.9 | 2.8 | 1.8 | 3.1 | 2.8 | 3.0 | 2.0 | 2.1 | 1.4 | 3.1 | 3.6 |
| Kazakhstan | 4.6 | 4.0 | 3.0 | 2.3 | 2.5 | 1.7 | 2.2 | 0.7 | 2.4 | 1.3 | 1.9 | 3.2 | 3.0 |
| Myanmar | 3.1 | 4.0 | 4.6 | 3.4 | 4.0 | 4.1 | 2.7 | 2.9 | 3.6 | 1.8 | 1.8 | 2.3 | 2.5 |
| Chile | 2.4 | 2.6 | 1.8 | 2.6 | 2.3 | 1.6 | 2.1 | 2.0 | 2.2 | 2.2 | 0.9 | 1.7 | 2.3 |
| Bangladesh | < 0.1 | < 0.1 | < 0.1 | < 0.1 | < 0.1 | < 0.1 | < 0.1 | < 0.1 | < 0.1 | 0.1 | < 0.1 | 0.4 | 1.8 |
| Others | 53.6 | 64.8 | 64.4 | 69.1 | 62.7 | 61.7 | 64.4 | 60.5 | 61.8 | 56.6 | 35.9 | 77.9 | 72.8 |
| Total | 146 | 166 | 161 | 179 | 173 | 164 | 164 | 150 | 147 | 132 | 100 | 184 | 174 |
Exports by Country
Japan (10K tons) was the main destination for sack and bag exports from China, accounting for a 19% share of total exports. Moreover, sack and bag exports to Japan exceeded the volume sent to the second major destination, South Korea (3.7K tons), threefold. The third position in this ranking was taken by Russia (3.7K tons), with a 7.2% share.
From April 2022 to April 2023, the average monthly growth rate of volume to Japan amounted to +1.5%. Exports to the other major destinations recorded the following average monthly rates of exports growth: South Korea (-0.1% per month) and Russia (+0.5% per month).
In value terms, the largest markets for sack and bag exported from China were Japan ($27M), the United States ($15M) and the Philippines ($8.7M), together accounting for 29% of total exports. South Korea, Australia, Russia, Malaysia, Thailand, Indonesia, Kazakhstan, Myanmar, Chile and Bangladesh lagged somewhat behind, together accounting for a further 29%.
Bangladesh, with a CAGR of +37.6%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Export Prices by Country
In April 2023, the sack and bag price stood at $3,396 per ton (FOB, China), shrinking by -4.9% against the previous month. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 an increase of 16% against the previous month. As a result, the export price attained the peak level of $3,572 per ton, and then fell slightly in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was Australia ($7,196 per ton), while the average price for exports to Bangladesh ($1,723 per ton) was amongst the lowest.
From April 2022 to April 2023, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+3.4%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the sack and bag market in China. 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
- Prodcom 13922150 - Sacks and bags, of knitted or crocheted polyethylene or polypropylene strip, used for packing goods
- Prodcom 13922173 -
- Prodcom 13922175 -
- Prodcom 13922190 - Sacks and bags, used for packing goods (excluding of cotton, p olyethylene or polypropylene strip)
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- 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
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- 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. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- 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 -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- 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
- 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 Of Origin, 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, By Country Of Destination, 2012–2023
