Kuwait: Sack And Bag Market 2022

Sack And Bag Market Size in Kuwait

The Kuwaiti sack and bag market rose markedly to $X in 2021, increasing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). 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. Sack and bag consumption peaked at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Sack And Bag Exports

Exports from Kuwait

In 2021, after two years of growth, there was significant decline in overseas shipments of sacks and bags, when their volume decreased by -X% to X tons. Over the period under review, exports, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The exports peaked at X tons in 2020, and then declined in the following year.

In value terms, sack and bag exports declined to $X in 2021. In general, exports, however, showed a pronounced increase. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Iraq (X tons), Oman (X tons) and Lebanon (X tons) were the main destinations of sack and bag exports from Kuwait, together comprising X% of total exports. These countries were followed by Saudi Arabia, Iran and the United Arab Emirates, 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 Iran (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

In value terms, Iraq ($X), Lebanon ($X) and Oman ($X) constituted the largest markets for sack and bag exported from Kuwait worldwide, together accounting for X% of total exports. These countries were followed by Saudi Arabia, the United Arab Emirates and Iran, which together accounted for a further X terms of the main countries of destination, Iran, 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 average sack and bag export price stood at $X per ton in 2021, remaining relatively unchanged against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Iran ($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 Lebanon (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Sack And Bag Imports

Imports into Kuwait

In 2021, sack and bag imports into Kuwait expanded slightly to X tons, with an increase of X% compared with the previous year's figure. In general, total imports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2018 indices. The pace of growth appeared the most rapid in 2013 with an increase of X%. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, sack and bag imports rose remarkably to $X in 2021. The total import value increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2016 with an increase of X%. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports remained at a lower figure.

Imports by Country

India (X tons), China (X tons) and Pakistan (X tons) were the main suppliers of sack and bag imports to Kuwait, together comprising X% of total imports. The United Arab Emirates, Saudi Arabia, Oman and the Philippines lagged somewhat behind, together comprising a further X 2012 to 2021, the biggest increases were in Oman (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest sack and bag suppliers to Kuwait were China ($X), India ($X) and Pakistan ($X), with a combined X% share of total imports. The United Arab Emirates, Saudi Arabia, Oman and the Philippines lagged somewhat behind, together accounting for a further X, with a CAGR of +X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average sack and bag import price amounted to $X per ton, with an increase of X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of X%. Over the period under review, average import prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

Prices varied noticeably countryorigin: the country with the highest price was China ($X per ton), while the price for Pakistan ($X per ton) was amongst the lowest.

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

Source: IndexBox Market Intelligence Platform

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