Kenya: Cotton Bag Market 2024

Cotton Bag Market Size in Kenya

The Kenyan cotton bag market expanded remarkably to $X in 2022, growing by X% against the previous year. In general, consumption posted a strong increase. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Cotton Bag Production in Kenya

In value terms, cotton bag production expanded sharply to $X in 2022 estimated in export price. Overall, production enjoyed a prominent expansion. The pace of growth was the most pronounced in 2020 with an increase of X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

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Cotton Bag Exports

Exports from Kenya

After four years of growth, shipments abroad of sacks and bags of cotton decreased by X% to X tons in 2022. Overall, exports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2018 when exports increased by X%. Over the period under review, the exports reached the maximum at X tons in 2021, and then shrank remarkably in the following year.

In value terms, cotton bag exports shrank markedly to $X in 2022. In general, exports, however, showed a remarkable increase. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The exports peaked at $X in 2021, and then contracted significantly in the following year.

Exports by Country

The United States (X tons) was the main destination for cotton bag exports from Kenya, accounting for a X% share of total exports. Moreover, cotton bag exports to the United States exceeded the volume sent to the second major destination, Austria (X kg), ninefold. The third position in this ranking was held by Estonia (X kg), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (X% per year) and Estonia (X% per year).

In value terms, the United States ($X) remains the key foreign market for sacks and bags of cotton exports from Kenya, comprising X% of total exports. The second position in the ranking was taken by Estonia ($X), with a X% share of total exports. It was followed by Austria, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (X% per year) and Austria (X% per year).

Export Prices by Country

In 2022, the average cotton bag export price amounted to $X per ton, waning by X% against the previous year. Overall, the export price, however, recorded strong growth. The pace of growth appeared the most rapid in 2017 when the average export price increased by X%. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Austria (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cotton Bag Imports

Imports into Kenya

In 2022, purchases abroad of sacks and bags of cotton was finally on the rise to reach X tons after two years of decline. Overall, imports saw a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, cotton bag imports surged to $X in 2022. Over the period under review, imports saw a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Portugal (X tons) and India (X tons) were the main suppliers of cotton bag imports to Kenya, with a combined X% share of total imports. These countries were followed by Turkey, which accounted for a further X%.

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

In value terms, the largest cotton bag suppliers to Kenya were India ($X), China ($X) and Portugal ($X), together comprising X% of total imports. Turkey lagged somewhat behind, comprising a further X%.

In terms of the main suppliers, Turkey, with a CAGR of X%, saw the highest rates of growth with regard to 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

In 2022, the average cotton bag import price amounted to $X per ton, jumping by X% against the previous year. Overall, import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cotton bag import price increased by X% against 2020 indices. The growth pace was the most rapid in 2013 an increase of X% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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