Saudi Arabia: Sack And Bag Market 2024

Sack And Bag Market Size in Saudi Arabia

The Saudi sack and bag market expanded remarkably to $X in 2023, increasing by X% against the previous year. Overall, consumption enjoyed a tangible expansion. Over the period under review, the market reached the peak level at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Sack And Bag Production in Saudi Arabia

In value terms, sack and bag production expanded markedly to $X in 2023 estimated in export price. Overall, production showed a prominent increase. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. Sack and bag production peaked at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

Sack And Bag Exports

Exports from Saudi Arabia

In 2023, shipments abroad of sacks and bags increased by X% to X tons for the first time since 2017, thus ending a five-year declining trend. In general, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of X%. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2023, the exports stood at a somewhat lower figure.

In value terms, sack and bag exports surged to $X in 2023. Over the period under review, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when exports increased by X%. As a result, the exports attained the peak of $X. From 2016 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

Yemen (X tons), Sudan (X tons) and the United Arab Emirates (X tons) were the main destinations of sack and bag exports from Saudi Arabia, with a combined X% share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Yemen (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for sack and bag exported from Saudi Arabia were Sudan ($X), the United Arab Emirates ($X) and Germany ($X), together accounting for X% of total exports.

Among the main countries of destination, Germany, with a CAGR of X%, recorded the highest rates of growth with regard to 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 2023, which is down by X% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2022 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton, and then fell remarkably in the following year.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Sack And Bag Imports

Imports into Saudi Arabia

In 2023, overseas purchases of sacks and bags decreased by X% to X tons, falling for the fourth consecutive year after two years of growth. In general, imports continue to indicate a abrupt contraction. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2023, imports failed to regain momentum.

In value terms, sack and bag imports amounted to $X in 2023. Over the period under review, imports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, imports reached the peak of $X. From 2017 to 2023, the growth of imports remained at a lower figure.

Imports by Country

Turkey (X tons), India (X tons) and China (X tons) were the main suppliers of sack and bag imports to Saudi Arabia, with a combined X% share of total imports. The United Arab Emirates, Indonesia and Oman lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Indonesia (with a CAGR of X%), while imports for the other leaders experienced a decline.

In value terms, the largest sack and bag suppliers to Saudi Arabia were Turkey ($X), India ($X) and China ($X), together comprising X% of total imports. Indonesia, the United Arab Emirates and Oman lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Indonesia, 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 a decline.

Import Prices by Country

The average sack and bag import price stood at $X per ton in 2023, almost unchanged from the previous year. Over the period under review, the import price recorded pronounced growth. The most prominent rate of growth was recorded in 2015 an increase of X%. Over the period under review, average import prices hit record highs at $X per ton in 2016; however, from 2017 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Indonesia ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2023, 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