Cotton Bag Market
Cotton bag market: enjoy recently published info enhanced by an Ai-driven BI platform. Facts and figures provide production, imports, companies, market prices, exports, consumption, trade, and market size. Here is a breakdown by country, including Russia, EU, the U.K., Latin America, the Middle East, the U.S., Africa, and China. Market trends and outlook to 2030 are also provided in the reports.
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Cotton Bag - World's Largest Markets
| Rating | Country |
|---|---|
| 1 | China |
| 2 | Italy |
| 3 | India |
| 4 | Japan |
| 5 | Russia |
In value terms, the largest cotton bag markets worldwide were China, Italy and India, with a combined 31% share of the global market. Japan, Russia, the United States, Brazil, Pakistan, Indonesia, Mexico, Bangladesh, Australia and Nigeria lagged somewhat behind, together comprising a further 23%.
Among the main consuming countries, Pakistan recorded the highest rates of growth with regard to market size, over the period under review, while cotton bag market for the other global leaders experienced more modest paces of growth.
Cotton Bag Prices
Lowest Prices - FOB - Top Exporters
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| USD per ton | ||||
| United States | 5239 | 4530 | 4542 | -6.9% |
| Pakistan | 4919 | 5894 | 6038 | 10.8% |
| India | 7285 | 7719 | 7397 | 0.8% |
| China | 10235 | 9261 | 9087 | -5.8% |
| Portugal | 11223 | 10711 | 12503 | 5.5% |
| Iraq | n/a | n/a | 12714 | 0.0% |
| Iran | 3915 | 6677 | 12714 | 80.2% |
| Taiwan (Chinese) | 14714 | 11067 | 12714 | -7.0% |
| Albania | 14241 | 13754 | 12714 | -5.5% |
| Afghanistan | 18500 | 15000 | 12714 | -17.1% |
| Hong Kong SAR | 12560 | 11325 | 13872 | 5.1% |
| Italy | 17696 | 17594 | 19900 | 6.0% |
| France | 21075 | 24878 | 22372 | 3.0% |
| Average | 9275 | 9237 | 9971 | 3.7% |
There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was France ($22,372 per ton), while the United States ($4,542 per ton) was amongst the lowest.
From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Iran (+80.2% per year), while the other global leaders experienced more modest paces of growth.
Highest Prices - CIF - Top Importers
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| USD per ton | ||||
| France | 12892 | 11882 | 14249 | 5.1% |
| Italy | 11774 | 11415 | 13836 | 8.4% |
| Spain | 9970 | 12110 | 12266 | 10.9% |
| Germany | 12047 | 11679 | 11757 | -1.2% |
| Hong Kong SAR | 8694 | 10337 | 8449 | -1.4% |
| United Kingdom | 11524 | 10841 | 8341 | -14.9% |
| United States | 9500 | 7943 | 5869 | -21.4% |
| Canada | 6247 | 6001 | 5621 | -5.1% |
| United Arab Emirates | 5036 | 3656 | 4447 | -6.0% |
| Australia | 3722 | 4145 | 4427 | 9.1% |
| Democratic Republic of the Congo | 4692 | 2556 | 2057 | -33.8% |
| Kazakhstan | 3733 | 4838 | 1315 | -40.6% |
| Guinea-Bissau | 1625 | 1229 | 1057 | -19.3% |
| Average | 8928 | 9239 | 8554 | -2.1% |
There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was France ($14,249 per ton), while Guinea-Bissau ($1,057 per ton) was amongst the lowest.
From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Spain, while the other global leaders experienced more modest paces of growth.
Cotton Bag - Top Importers
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| million USD | ||||
| France | 28 | 21 | 27 | -1.2% |
| Italy | 9.7 | 17 | 17 | 31.7% |
| United States | 11 | 12 | 11 | 0.7% |
| Australia | 10 | 6.8 | 8.8 | -6.9% |
| Germany | 6.2 | 7 | 7.3 | 8.2% |
In value terms, the largest cotton bag importing markets worldwide were France ($27M), Italy ($17M) and the United States ($11M), with a combined 41% share of global imports. These countries were followed by Australia, Germany, Spain, the UK, the United Arab Emirates, Hong Kong SAR, Canada, Kazakhstan, Democratic Republic of the Congo and Guinea-Bissau, which together accounted for a further 27%.
In terms of the main importing countries, Guinea-Bissau (+14,509.4% per year) recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.
Cotton Bag - Top Exporters
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| million USD | ||||
| China | 70 | 58 | 43 | -21.4% |
| India | 46 | 50 | 33 | -15.3% |
| France | 11 | 12 | 8.1 | -12.0% |
| Italy | 8.4 | 8.5 | 7.8 | -4.2% |
| Albania | 1.6 | 2.6 | 6.8 | 105.0% |
In value terms, the largest cotton bag supplying countries worldwide were China ($43M), India ($33M) and France ($8.1M), together accounting for 50% of global exports. These countries were followed by Italy, Albania, Iran, Iraq, Afghanistan, Taiwan (Chinese), Pakistan, Hong Kong SAR, Portugal and the United States, which together accounted for a further 33%.
Afghanistan (+42,635.7% per year) saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.
Cotton Bag - Market Forecast
Driven by rising demand for cotton bag worldwide, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.
Cotton Bag - Product Coverage
- HS 630520 - Sacks and bags; of a kind used for the packing of goods, of cotton
This report provides an in-depth analysis of the global cotton bag market.
This report provides an in-depth analysis of the cotton bag market in Eastern Asia.
This report provides an in-depth analysis of the cotton bag market in Latin America and the Caribbean.
This report provides an in-depth analysis of the cotton bag market in the Middle East.
This report provides an in-depth analysis of the cotton bag market in South-Eastern Asia.
This report provides an in-depth analysis of the cotton bag market in Australia and Oceania.
This report provides an in-depth analysis of the cotton bag market in Northern America.
This report provides an in-depth analysis of the cotton bag market in Africa.
This report provides an in-depth analysis of the cotton bag market in Southern Asia.
This report provides an in-depth analysis of the cotton bag market in Central Asia.
