Africa: Sack And Bag Market 2024

Sack And Bag Market Size in Africa

The African sack and bag market was estimated at $X in 2023, increasing by X% against the previous year. The total consumption indicated resilient growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. As a result, consumption attained the peak level of $X; afterwards, it flattened through to 2023.

Sack And Bag Production in Africa

In value terms, sack and bag production expanded sharply to $X in 2023 estimated in export price. Over the period under review, production continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2023, production growth failed to regain momentum.

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Sack And Bag Exports

Exports in Africa

After two years of growth, overseas shipments of sacks and bags decreased by X% to X tons in 2023. In general, exports, however, enjoyed a pronounced increase. The pace of growth was the most pronounced in 2014 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2015 to 2023, the growth of the exports failed to regain momentum.

In value terms, sack and bag exports reduced to $X in 2023. Over the period under review, exports, however, enjoyed a pronounced increase. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, the exports attained the peak of $X. From 2015 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

The shipments of the four major exporters of sacks and bags, namely Cote d'Ivoire, South Africa, Egypt and Tanzania, represented more than two-thirds of total export. It was distantly followed by Swaziland (X tons) and Morocco (X tons), together comprising a X% share of total exports. Zambia (X tons) held a little share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Zambia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest sack and bag supplying countries in Africa were Egypt ($X), Cote d'Ivoire ($X) and South Africa ($X), with a combined X% share of total exports. Tanzania, Morocco, Swaziland and Zambia lagged somewhat behind, together accounting for a further X%.

In terms of the main exporting countries, Zambia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in Africa amounted to $X per ton, waning by X% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Morocco ($X per ton), while Cote d'Ivoire ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Swaziland (X%), while the other leaders experienced more modest paces of growth.

Sack And Bag Imports

Imports in Africa

In 2023, overseas purchases of sacks and bags decreased by X% to X tons for the first time since 2019, thus ending a three-year rising trend. The total import volume increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2018; however, from 2019 to 2023, imports remained at a lower figure.

In value terms, sack and bag imports dropped slightly to $X in 2023. The total import value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The level of import peaked at $X in 2022, and then contracted modestly in the following year.

Imports by Country

In 2023, Ghana (X tons), followed by Sudan (X tons), Mozambique (X tons), Cote d'Ivoire (X tons) and South Africa (X tons) were the largest importers of sacks and bags, together comprising X% of total imports. The following importers - Burkina Faso (X tons), Kenya (X tons), Senegal (X tons), Tanzania (X tons), Democratic Republic of the Congo (X tons), Benin (X tons), Botswana (X tons) and Mauritania (X tons) - together made up X% of total imports.

From 2012 to 2023, the biggest increases were recorded for Mozambique (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest sack and bag importing markets in Africa were Ghana ($X), Sudan ($X) and Mozambique ($X), with a combined X% share of total imports.

Mozambique, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in Africa amounted to $X per ton, remaining stable against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 when the import price increased by X%. Over the period under review, import prices reached the maximum at $X per ton in 2022, and then shrank modestly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Sudan ($X per ton), while Benin ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Sudan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform