
Hong Kong SAR, China - Sacks and Bags of Cotton - Market Analysis, Forecast, Size, Trends and Insights
Hong Kong SAR, China: Cotton Bag Market 2022
Cotton Bag Market Size in Hong Kong SAR, China
The Hong Kong cotton bag market declined markedly to $X in 2021, reducing by -X% against the previous year. Overall, consumption faced a precipitous decrease. Cotton bag consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.
Cotton Bag Production in Hong Kong SAR, China
In value terms, cotton bag production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production showed a significant expansion. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.
Cotton Bag Exports
Exports from Hong Kong SAR, China
For the fifth consecutive year, Hong Kong SAR recorded growth in overseas shipments of sacks and bags of cotton, which increased by X% to X tons in 2021. Overall, exports saw buoyant growth. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.
In value terms, cotton bag exports surged to $X in 2021. Over the period under review, exports saw a prominent expansion. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. The exports peaked in 2021 and are likely to continue growth in years to come.
Exports by Country
India (X tons), Brazil (X tons) and the UK (X tons) were the main destinations of cotton bag exports from Hong Kong SAR, with a combined X% share of total exports. These countries were followed by the Netherlands, the United States, Indonesia, Sweden, Kenya, Spain and Maldives, which together accounted for a further X 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Kenya (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.
In value terms, India ($X) remains the key foreign market for cotton bag exports from Hong Kong SAR, comprising X% of total exports. The second position in the ranking was held by Brazil ($X), with a X% share of total exports. It was followed by the Netherlands, with an X% share.
From 2012 to 2021, the average annual growth rate of value to India stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+X% per year) and the Netherlands (+X% per year).
Export Prices by Country
The average cotton bag export price stood at $X per ton in 2021, shrinking by -X% against the previous year. In general, export price indicated a buoyant expansion from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, cotton bag export price increased by +X% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2020, and then dropped slightly in the following year.
Prices varied noticeably country of destination: the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Kenya ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+X%), while the prices for the other major destinations experienced more modest paces of growth.
Cotton Bag Imports
Imports into Hong Kong SAR, China
In 2021, approx. X tons of sacks and bags of cotton were imported into Hong Kong SAR; waning by -X% against 2020. Overall, imports continue to indicate a deep contraction. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.
In value terms, cotton bag imports expanded to $X in 2021. In general, imports showed a abrupt decrease. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.
Imports by Country
In 2021, China (X tons) constituted the largest cotton bag supplier to Hong Kong SAR, with a X% share of total imports. Moreover, cotton bag imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), tenfold.
From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-X% per year) and Italy (-X% per year).
In value terms, China ($X) constituted the largest supplier of cotton bag to Hong Kong SAR, comprising X% of total imports. The second position in the ranking was taken by India ($X), with a X% share of total imports.
From 2012 to 2021, the average annual growth rate of value from China totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-X% per year) and Italy (+X% per year).
Import Prices by Country
In 2021, the average cotton bag import price amounted to $X per ton, growing by X% against the previous year. In general, the import price, however, continues to indicate a pronounced descent. The pace of growth appeared the most rapid in 2019 an increase of X%. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Italy ($X per ton), while the price for China ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+X%), while the prices for the other major suppliers experienced mixed trend patterns.
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the cotton bag market in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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