Which Country Imports the Most Sacks and Bags in the World?

Other Textiles May 28, 2018

Blog Blog / Textiles, Apparel And Leather Goods / Other Textiles

Author: Anna Sergeeva

PositionMarket Analyst

In 2016, the amount of sack and bag imported worldwide amounted to 3.1M tonnes, approximately equating the previous year level. The total import volume increased at an average annual rate of +1.8% over the period from 2007 to 2016; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2011, when it surged by 7% year-to-year. Over the period under review, global sack and bag imports attained its maximum volume of 3.1M tonnes in 2015, falling back in the following year.

In value terms, sack and bag imports amounted to $4.1B in 2016. Overall, it indicated a strong growth from 2007 to 2016: the total imports value increased at an average annual rate of +1.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on the result of 2016, sack and bag imports decreased by -8.3% against its level of 2014. Global sack and bag import peaked of $4.4B in 2014; however, from 2015 to 2016, it stood at a somewhat lower level.

Top Sack And Bag Importing Countries in the World

1. USA (543.4 million USD)

2. Japan (408.3 million USD)

3. South Korea (238.0 million USD)

4. Germany (232.2 million USD)

5. Netherlands (155.9 million USD)

6. Russia (108.3 million USD)

7. India (47.9 million USD)

8. China (37.6 million USD)

9. Thailand (28.0 million USD)

10. Turkey (10.7 million USD)

11. Bangladesh (6.9 million USD)

12. Pakistan (6.7 million USD)

Sack And Bag Imports By Country

In 2016, China (625K tonnes), distantly followed by India (298K tonnes), Bangladesh (222K tonnes), the U.S. (184K tonnes), and Japan (152K tonnes) represented the main importers of sack and bag, together committing 48% of total imports. The following importers - South Korea (110K tonnes), Turkey (108K tonnes), Germany (68K tonnes), Thailand (65K tonnes), Pakistan (60K tonnes), Russia (58K tonnes), and the Netherlands (57K tonnes) together made up 17% of total imports.

China experienced a relatively flat trend pattern. At the same time, Thailand (+11.8%), South Korea (+6.3%), the Netherlands (+5.3%), Russia (+4.9%), Japan (+4.3%), the U.S. (+3.2%), Pakistan (+2.5%), Germany (+1.9%), India (+1.8%), and Bangladesh (+1.1%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest growing importer/exporter in the world, with a CAGR of +11.8% from 2007-2016. Turkey experienced a relatively flat trend pattern. From 2007 to 2016, the share of South Korea, and Japan decreased by -1.5%, and -1.6% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($543M), Japan ($408M) and South Korea ($238M) appeared as the countries with the highest levels of imports in 2016, with a combined 29% share of global imports.Germany, the Netherlands, Russia, India, China, Thailand, Turkey, Bangladesh and Pakistan lagged somewhat behind, together accounting for a further 16%.

Bangladesh (+44.7% per year) recorded the highest rates of growth with regard to the sack and bag imports, among the main importing countries, over the last 9 year period, while the other global leaders experienced more modest paces of growth.

Sack And Bag Import Prices By Country

In 2016, the average import price for sack and bag amounted to $1,311 per tonne, dropping by -2.1% against the previous year. Over the period from 2007 to 2016 it increased at an average annual rate of +2.8%.The pace of growth was the most pronounced in 2010, an increase of 17% against the previous year level. Global sack and bag import peaked of $1,455 per tonne in 2014; however, from 2015 to 2016, it failed to regain its strength.

Import prices varied noticeably by country of destination. the country with the highest import prices was Germany ($3,424 per tonne), while Bangladesh ($31 per tonne) was among the lowest.

From 2007 to 2016, the most notable growth rate of sack and bag import prices was attained by Bangladesh (+46.5% per year), while the other global leaders experienced more modest paces of growth.

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