U.S. - Sacks And Bags Of Cotton - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCotton Bag Price in the United States - 2023
Contents:
- Cotton Bag Price in the United States (CIF) - 2022
- Cotton Bag Price in the United States (FOB) - 2022
- Cotton Bag Imports in the United States
- Cotton Bag Exports in the United States
Cotton Bag Price in the United States (CIF) - 2022
The average cotton bag import price stood at $7,741 per ton in 2022, growing by 11% against the previous year. Over the period under review, the import price, however, recorded a slight downturn. Over the period under review, average import prices hit record highs at $10,400 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Cambodia ($18,777 per ton), while the price for Indonesia ($5,342 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+0.8%), while the prices for the other major suppliers experienced a decline.
Cotton Bag Price in the United States (FOB) - 2022
In 2022, the average cotton bag export price amounted to $5,502 per ton, reducing by -12.3% against the previous year. In general, the export price continues to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2015 an increase of 26% against the previous year. As a result, the export price attained the peak level of $9,404 per ton. From 2016 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($9,465 per ton), while the average price for exports to Benin ($467 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Dominican Republic (+10.6%), while the prices for the other major destinations experienced more modest paces of growth.
Cotton Bag Imports in the United States
In 2022, approx. 2.1K tons of sacks and bags of cotton were imported into the United States; picking up by 3.7% on the previous year. In general, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +12.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +40.8% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 30% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, cotton bag imports skyrocketed to $16M in 2022. Overall, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +9.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +52.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 32%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.
| Import of Cotton Bag in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 3.2 | 3.4 | 4.9 | 5.9 | 22.6% |
| China | 6.2 | 4.1 | 5.3 | 4.9 | -7.5% |
| Pakistan | 1.0 | 0.8 | 1.0 | 1.1 | 3.2% |
| Cambodia | 0.1 | 0.2 | N/A | 0.8 | 100.0% |
| Indonesia | 0.8 | 0.8 | 1.1 | 0.7 | -4.4% |
| Turkey | N/A | 0.1 | 0.3 | 0.5 | 123.6% |
| Vietnam | N/A | N/A | N/A | 0.4 | 0% |
| Others | 1.1 | 1.4 | 1.6 | 2.2 | 26.0% |
| Total | 12.4 | 10.7 | 14.2 | 16.4 | 9.8% |
Top Suppliers of Cotton Bag to the United States in 2022:
- India (817.8 tons)
- China (714.6 tons)
- Pakistan (157.3 tons)
- Indonesia (125.8 tons)
- Vietnam (73.7 tons)
- Turkey (57.7 tons)
- Cambodia (41.8 tons)
Cotton Bag Exports in the United States
In 2022, overseas shipments of sacks and bags of cotton were finally on the rise to reach 426 tons after two years of decline. Overall, total exports indicated a slight increase from 2019 to 2022: its volume increased at an average annual rate of +1.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, cotton bag exports surged to $2.3M in 2022. The total export value increased at an average annual rate of +8.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Cotton Bag in the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 505 | 654 | 614 | 796 | 16.4% |
| Mexico | 799 | 536 | 618 | 592 | -9.5% |
| Japan | 30.0 | 10.5 | 44.4 | 147 | 69.8% |
| South Korea | 23.3 | 3.9 | N/A | 116 | 70.8% |
| United Kingdom | 24.5 | 31.5 | 19.1 | 109 | 64.5% |
| Costa Rica | 5.0 | N/A | 39.7 | 92.7 | 164.7% |
| Netherlands | 37.7 | N/A | N/A | 58.3 | 15.6% |
| Benin | N/A | N/A | 3.0 | 42.0 | 1300.0% |
| Nigeria | N/A | 20.0 | 3.0 | 8.9 | -33.3% |
| Others | 429 | 479 | 277 | 384 | -3.6% |
| Total | 1,854 | 1,734 | 1,619 | 2,345 | 8.1% |
Top Export Markets for Cotton Bag from the United States in 2022:
- Mexico (121.0 tons)
- Benin (90.0 tons)
- Canada (84.0 tons)
- United Kingdom (18.3 tons)
- Japan (18.1 tons)
- South Korea (16.4 tons)
- Costa Rica (14.6 tons)
- Netherlands (10.6 tons)
- Nigeria (10.5 tons)
This report provides an in-depth analysis of the cotton bag market in the U.S.. 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:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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
-
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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The price of cotton bags, known as 'Cotton Bag', reached $8,738 per ton (CIF, US) in May 2023, experiencing a 21% increase compared to the previous month.
212
The Sack And Bag sector experienced its highest rate of growth in March 2023, with a month-to-month increase of 11%. In terms of value, imports of sacks and bags slightly expanded to $54M in September 2023.
71
Explore the top import markets for sack and bags in 2023. Learn about the key countries driving global demand for these products.
653
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...
892
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...
219
The price of cotton bags, known as 'Cotton Bag', reached $8,738 per ton (CIF, US) in May 2023, experiencing a 21% increase compared to the previous month.
212
The Sack And Bag sector experienced its highest rate of growth in March 2023, with a month-to-month increase of 11%. In terms of value, imports of sacks and bags slightly expanded to $54M in September 2023.
71
Explore the top import markets for sack and bags in 2023. Learn about the key countries driving global demand for these products.
653
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...
892
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...
