Philippines - Sacks And Bags Of Cotton - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCotton Bag Price in the Philippines - 2023
Contents:
- Cotton Bag Price in the Philippines (FOB) - 2022
- Cotton Bag Price in the Philippines (CIF) - 2022
- Cotton Bag Exports in the Philippines
- Cotton Bag Imports in the Philippines
Cotton Bag Price in the Philippines (FOB) - 2022
The average cotton bag export price stood at $11,558 per ton in 2022, shrinking by -11.4% against the previous year. In general, the export price, however, continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2018 an increase of 89%. Over the period under review, the average export prices hit record highs at $18,652 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Australia ($11,569 per ton) and the United States ($11,568 per ton), while the average price for exports to the UK ($11,568 per ton) and Germany ($11,568 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+12.1%), while the prices for the other major destinations experienced more modest paces of growth.
Cotton Bag Price in the Philippines (CIF) - 2022
In 2022, the average cotton bag import price amounted to $14,521 per ton, picking up by 15% against the previous year. Over the period under review, the import price enjoyed a significant expansion. The pace of growth appeared the most rapid in 2018 an increase of 1,108% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($14,595 per ton), while the price for South Korea totaled $13,848 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+44.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Cotton Bag Exports in the Philippines
In 2022, overseas shipments of sacks and bags of cotton decreased by -1.6% to 412 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, posted a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 254% against the previous year.
In value terms, cotton bag exports declined to $4.8M in 2022. In general, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 120% against the previous year. As a result, the exports reached the peak of $5.5M, and then declined in the following year.
Export of Cotton Bag in the Philippines (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 801 | 1,776 | 4,323 | 3,787 | 67.8% |
United Kingdom | 95.6 | 238 | 806 | 706 | 94.7% |
Australia | 139 | 80.2 | 123 | 108 | -8.1% |
Germany | 80.2 | 112 | 106 | 92.8 | 5.0% |
Others | 89.1 | 280 | 110 | 72.6 | -6.6% |
Total | 1,205 | 2,487 | 5,467 | 4,766 | 58.1% |
Top Export Markets for Cotton Bag from the Philippines in 2022:
- United States (327.4 tons)
- United Kingdom (61.0 tons)
- Australia (9.3 tons)
- Germany (8.0 tons)
Cotton Bag Imports in the Philippines
In 2022, supplies from abroad of sacks and bags of cotton decreased by -81.1% to 9.3 tons, falling for the second year in a row after two years of growth. In general, imports showed a precipitous slump. The most prominent rate of growth was recorded in 2020 when imports increased by 641% against the previous year. As a result, imports reached the peak of 136 tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, cotton bag imports declined rapidly to $135K in 2022. Over the period under review, imports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 710%. As a result, imports attained the peak of $2M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
Import of Cotton Bag in the Philippines (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 72.0 | 1,883 | 571 | 122 | 19.2% |
South Korea | 131 | 49.2 | 15.1 | 9.4 | -58.4% |
Vietnam | N/A | N/A | 18.8 | N/A | 0% |
Others | 37.7 | 21.1 | 19.5 | 4.0 | -52.7% |
Total | 241 | 1,953 | 624 | 135 | -17.6% |
Top Suppliers of Cotton Bag to the Philippines in 2022:
- China (8.3 tons)
- South Korea (0.7 tons)
This report provides an in-depth analysis of the cotton bag market in the Philippines. 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:
- Philippines
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Philippines
- 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
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Explore the top import markets for sack and bags in 2023. Learn about the key countries driving global demand for these products.
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...
Explore the top import markets for sack and bags in 2023. Learn about the key countries driving global demand for these products.
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...