EU: Cotton Bag Market 2024

Cotton Bag Market Size in the EU

The EU cotton bag market reduced rapidly to $X in 2022, waning by X% against the previous year. Over the period under review, consumption, however, continues to indicate buoyant growth. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Cotton Bag Production in the EU

In value terms, cotton bag production shrank remarkably to $X in 2022 estimated in export price. In general, production, however, enjoyed a prominent expansion. The growth pace was the most rapid in 2018 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

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Cotton Bag Exports

Exports in the EU

For the fifth consecutive year, the European Union recorded growth in shipments abroad of sacks and bags of cotton, which increased by X% to X tons in 2022. In general, exports saw a strong expansion. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, cotton bag exports reached $X in 2022. Overall, exports saw prominent growth. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

In 2022, Italy (X tons), distantly followed by France (X tons), Portugal (X tons), Germany (X tons), Poland (X tons), Bulgaria (X tons), the Netherlands (X tons) and Latvia (X tons) were the main exporters of sacks and bags of cotton, together mixing up X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Latvia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest cotton bag supplying countries in the European Union were Italy ($X), France ($X) and Portugal ($X), with a combined X% share of total exports. Germany, Poland, the Netherlands, Bulgaria and Latvia lagged somewhat behind, together accounting for a further X%.

In terms of the main exporting countries, Latvia, with a CAGR of X%, saw 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

The export price in the European Union stood at $X per ton in 2022, dropping by X% against the previous year. In general, the export price saw a slight reduction. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while Latvia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (X%), while the other leaders experienced mixed trends in the export price figures.

Cotton Bag Imports

Imports in the EU

For the eleventh consecutive year, the European Union recorded growth in overseas purchases of sacks and bags of cotton, which increased by X% to X tons in 2022. Over the period under review, imports saw a resilient expansion. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, cotton bag imports skyrocketed to $X in 2022. Overall, imports continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the immediate term.

Imports by Country

France (X tons) and Italy (X tons) represented the largest importers of sacks and bags of cotton in 2022, accounting for approx. X% and X% of total imports, respectively. Spain (X tons) held the next position in the ranking, distantly followed by Germany (X tons). All these countries together took near X% share of total imports. The following importers - Denmark (X tons), the Netherlands (X tons), Austria (X tons), Belgium (X tons) and Romania (X tons) - together made up X% of total imports.

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

In value terms, France ($X), Italy ($X) and Germany ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising X% of total imports. Spain, Denmark, the Netherlands, Austria, Belgium and Romania lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Spain, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the European Union stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was France ($X per ton), while Spain ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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