Bangladesh: Sack And Bag Market 2022

Sack And Bag Market Size in Bangladesh

The Bangladeshi sack and bag market reduced to $X in 2021, with a decrease of -X% against the previous year. The market value increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X, and then contracted in the following year.

Sack And Bag Production in Bangladesh

In value terms, sack and bag production contracted to $X in 2021 estimated in export price. In general, production continues to indicate a pronounced decline. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Sack And Bag Exports

Exports from Bangladesh

In 2021, exports of sacks and bags from Bangladesh fell slightly to X tons, dropping by -X% on the previous year's figure. Overall, exports showed a deep reduction. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, sack and bag exports fell to $X in 2021. In general, exports recorded a deep contraction. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Oman (X tons) and Myanmar (X tons) were the main destinations of sack and bag exports from Bangladesh.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Oman (with a CAGR of +X value terms, Oman ($X) and Myanmar ($X) appeared to be the largest markets for sack and bag exported from Bangladesh worldwide.

Oman, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

The average sack and bag export price stood at $X per ton in 2021, almost unchanged from the previous year. Overall, the export price recorded a slight shrinkage. The growth pace was the most rapid in 2017 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat for the major external markets. In 2021, the country with the highest price was Oman ($X per ton), while the average price for exports to Myanmar totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Myanmar (-X%).

Sack And Bag Imports

Imports into Bangladesh

In 2021, after three years of decline, there was significant growth in supplies from abroad of sacks and bags, when their volume increased by X% to X tons. Overall, imports saw strong growth. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, imports attained the maximum at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, sack and bag imports soared to $X in 2021. Over the period under review, imports enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest sack and bag supplier to Bangladesh, with a X% share of total imports. Moreover, sack and bag imports from China exceeded the figures recorded by the second-largest supplier, Benin (X tons), fourfold. India (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Benin (+X% per year) and India (+X% per year).

In value terms, China ($X) constituted the largest supplier of sack and bag to Bangladesh, comprising X% of total imports. The second position in the ranking was taken by Hong Kong SAR ($X), with a X% share of total imports. It was followed by Benin, with a X% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+X% per year) and Benin (+X% per year).

Import Prices by Country

The average sack and bag import price stood at $X per ton in 2021, with an increase of X% against the previous year. In general, the import price, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Prices varied noticeably countryorigin: the country with the highest price was Hong Kong SAR ($X per ton), while the price for Benin ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Benin (+X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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