Asia-Pacific: Sack And Bag Market 2024

Sack And Bag Market Size in Asia-Pacific

The Asia-Pacific sack and bag market rose to $X in 2023, with an increase of X% against the previous year. The total consumption indicated a prominent expansion 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. Over the period under review, the market reached the peak level at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

Sack And Bag Production in Asia-Pacific

In value terms, sack and bag production rose to $X in 2023 estimated in export price. The total production indicated noticeable 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, production decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2015 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

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Sack And Bag Exports

Exports in Asia-Pacific

In 2023, shipments abroad of sacks and bags decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. The total export volume increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2022, and then contracted in the following year.

In value terms, sack and bag exports contracted to $X in 2023. The total export value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. The level of export peaked at $X in 2022, and then contracted in the following year.

Exports by Country

China (X tons) and India (X tons) were the largest exporters of sacks and bags in 2023, amounting to approx. X% and X% of total exports, respectively. Vietnam (X tons) ranks next in terms of the total exports with a X% share, followed by Bangladesh (X%). Pakistan (X tons), Thailand (X tons) and Indonesia (X tons) took a relatively small share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Vietnam (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 Asia-Pacific were China ($X), India ($X) and Vietnam ($X), together accounting for X% of total exports.

Among the main exporting countries, Vietnam, with a CAGR of X%, recorded the highest growth rate of 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 Asia-Pacific amounted to $X per ton, with a decrease of X% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. The level of export peaked at $X per ton in 2022, and then reduced in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was China ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

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

Sack And Bag Imports

Imports in Asia-Pacific

In 2023, purchases abroad of sacks and bags decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by X%. The volume of import peaked at X tons in 2022, and then contracted in the following year.

In value terms, sack and bag imports shrank 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 throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by X%. The level of import peaked at $X in 2022, and then shrank in the following year.

Imports by Country

In 2023, Japan (X tons) and South Korea (X tons) represented the largest importers of sacks and bags in Asia-Pacific, together making up X% of total imports. Thailand (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by India (X%), Taiwan (Chinese) (X%) and Malaysia (X%). Myanmar (X tons), the Philippines (X tons), Australia (X tons), Indonesia (X tons), Cambodia (X tons) and Singapore (X tons) took a minor share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Cambodia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest sack and bag importing markets in Asia-Pacific were Japan ($X), South Korea ($X) and Australia ($X), with a combined X% share of total imports. Taiwan (Chinese), Thailand, the Philippines, Malaysia, India, Indonesia, Myanmar, Singapore and Cambodia lagged somewhat behind, together comprising a further X%.

Cambodia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among 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 Asia-Pacific amounted to $X per ton, declining by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2022, and then reduced slightly 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 Australia ($X per ton), while India ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform