South Africa: Sack And Bag Market 2024

Sack And Bag Market Size in South Africa

In 2023, the South African sack and bag market decreased by X% to $X, falling for the second year in a row after four years of growth. Overall, the total consumption indicated a perceptible expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. As a result, consumption reached the peak level of $X. From 2015 to 2023, the growth of the market remained at a lower figure.

Sack And Bag Production in South Africa

In value terms, sack and bag production rose modestly to $X in 2023 estimated in export price. Over the period under review, production continues to indicate a prominent increase. The growth pace was the most rapid in 2013 with an increase of X%. Sack and bag production peaked at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Sack And Bag Exports

Exports from South Africa

In 2023, shipments abroad of sacks and bags increased by X% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, total exports indicated a resilient increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. The exports peaked in 2023 and are likely to see steady growth in the near future.

In value terms, sack and bag exports contracted to $X in 2023. Overall, total exports indicated a temperate expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2022, and then fell in the following year.

Exports by Country

Botswana (X tons), Namibia (X tons) and Zambia (X tons) were the main destinations of sack and bag exports from South Africa, with a combined X% share of total exports. Mozambique, Democratic Republic of the Congo, Angola, Swaziland, Zimbabwe and Lesotho lagged somewhat behind, together comprising a further X%.

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

In value terms, Botswana ($X), Namibia ($X) and Zambia ($X) were the largest markets for sack and bag exported from South Africa worldwide, together comprising X% of total exports.

Among the main countries of destination, Botswana, with a CAGR of X%, recorded 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

In 2023, the average sack and bag export price amounted to $X per ton, which is down by X% against the previous year. In general, the export price showed a mild setback. The pace of growth was the most pronounced in 2014 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2023, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($X per ton), while the average price for exports to Angola ($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 Lesotho (X%), while the prices for the other major destinations experienced more modest paces of growth.

Sack And Bag Imports

Imports into South Africa

After three years of growth, purchases abroad of sacks and bags decreased by X% to X tons in 2023. Overall, imports showed a perceptible slump. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2023, imports failed to regain momentum.

In value terms, sack and bag imports dropped sharply to $X in 2023. In general, imports recorded a slight reduction. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, Swaziland (X tons) constituted the largest supplier of sack and bag to South Africa, with a X% share of total imports. Moreover, sack and bag imports from Swaziland exceeded the figures recorded by the second-largest supplier, India (X tons), threefold. China (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from Swaziland stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and China (X% per year).

In value terms, Swaziland ($X) constituted the largest supplier of sacks and bags to South Africa, comprising X% of total imports. The second position in the ranking was held by India ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2023, the average annual growth rate of value from Swaziland was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and China (X% per year).

Import Prices by Country

The average sack and bag import price stood at $X per ton in 2023, with a decrease of X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2023, import prices stood at a somewhat 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 India ($X per ton), while the price for Namibia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Swaziland (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform