Australia: Cotton Bag Market 2024

Cotton Bag Market Size in Australia

In 2022, the Australian cotton bag market increased by X% to $X, rising for the third consecutive year after two years of decline. In general, consumption, however, recorded a mild decline. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Cotton Bag Production in Australia

In value terms, cotton bag production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a abrupt descent. Cotton bag production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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Cotton Bag Exports

Exports from Australia

In 2022, shipments abroad of sacks and bags of cotton decreased by X% to X tons, falling for the second year in a row after two years of growth. In general, exports, however, posted a resilient expansion. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, cotton bag exports reduced modestly to $X in 2022. Overall, exports, however, saw a buoyant expansion. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then fell slightly in the following year.

Exports by Country

Hong Kong SAR (X tons), Singapore (X tons) and Taiwan (Chinese) (X tons) were the main destinations of cotton bag exports from Australia, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Hong Kong SAR (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for cotton bag exported from Australia were Hong Kong SAR ($X), Singapore ($X) and Taiwan (Chinese) ($X), with a combined X% share of total exports.

In terms of the main countries of destination, Hong Kong SAR, 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

The average cotton bag export price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the export price posted notable growth. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. The export price peaked at $X 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 foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Cote d'Ivoire ($X per ton) and New Zealand ($X per ton), while the average price for exports to China ($X per ton) and the United Arab Emirates ($X 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 Cote d'Ivoire (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cotton Bag Imports

Imports into Australia

In 2022, supplies from abroad of sacks and bags of cotton increased by X% to X tons, rising for the second year in a row after three years of decline. In general, imports, however, showed a deep reduction. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, cotton bag imports surged to $X in 2022. Over the period under review, imports enjoyed a measured expansion. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, India (X tons) constituted the largest supplier of cotton bag to Australia, with a X% share of total imports. Moreover, cotton bag imports from India exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), sixfold. China (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual growth rate of volume from India stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and China (X% per year).

In value terms, India ($X) constituted the largest supplier of sacks and bags of cotton to Australia, comprising X% of total imports. The second position in the ranking was held by Vietnam ($X), with a X% share of total imports. It was followed by China, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from India amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and China (X% per year).

Import Prices by Country

The average cotton bag import price stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the import price posted a buoyant increase. The most prominent rate of growth was recorded in 2018 an increase of X%. The import price peaked in 2022 and is likely to see steady growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Indonesia ($X per ton) and Vietnam ($X per ton), while the price for China ($X per ton) and Pakistan ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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