South-Eastern Asia: Sack And Bag Market 2024

Sack And Bag Market Size in South-Eastern Asia

The Southeast Asian sack and bag market amounted to $X in 2023, therefore, remained relatively stable against the previous year. The total consumption indicated a moderate expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. 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. The level of consumption peaked at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

Sack And Bag Production in South-Eastern Asia

In value terms, sack and bag production rose modestly to $X in 2023 estimated in export price. The total production indicated a buoyant increase 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, production decreased by X% against 2021 indices. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, production hit record highs at $X in 2021; afterwards, it flattened through to 2023.

Sack And Bag Exports

Exports in South-Eastern Asia

In 2023, shipments abroad of sacks and bags decreased by X% to X tons, falling for the second year in a row after two years of growth. Total exports indicated a resilient increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports decreased by X% against 2021 indices. The growth pace was the most rapid in 2015 with an increase of X%. The volume of export peaked at X tons in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

In value terms, sack and bag exports dropped to $X in 2023. Total exports indicated a remarkable increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2022, and then shrank modestly in the following year.

Exports by Country

Vietnam was the largest exporting country with an export of around X tons, which reached X% of total exports. Thailand (X tons) took the second position in the ranking, followed by Indonesia (X tons). All these countries together took near X% share of total exports. Cambodia (X tons) held a little share of total exports.

From 2012 to 2023, average annual rates of growth with regard to sack and bag exports from Vietnam stood at X%. At the same time, Cambodia (X%) and Thailand (X%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2023. By contrast, Indonesia (X%) illustrated a downward trend over the same period. Vietnam (X p.p.) and Cambodia (X p.p.) significantly strengthened its position in terms of the total exports, while Thailand and Indonesia saw its share reduced by X% and X% from 2012 to 2023, respectively.

In value terms, Vietnam ($X) remains the largest sack and bag supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Thailand ($X), with an X% share of total exports. It was followed by Indonesia, with an X% share.

From 2012 to 2023, the average annual growth rate of value in Vietnam stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (X% per year) and Indonesia (X% per year).

Export Prices by Country

In 2023, the export price in South-Eastern Asia amounted to $X per ton, which is down by X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2023, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2023, major exporting countries recorded the following prices: in Cambodia ($X per ton) and Indonesia ($X per ton), while Vietnam ($X per ton) and Thailand ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other leaders experienced a decline in the export price figures.

Sack And Bag Imports

Imports in South-Eastern Asia

For the third consecutive year, South-Eastern Asia recorded growth in supplies from abroad of sacks and bags, which increased by X% to X tons in 2023. In general, imports, however, showed a mild downturn. The pace of growth was the most pronounced in 2016 with an increase of X%. The volume of import peaked at X tons in 2012; however, from 2013 to 2023, imports remained at a lower figure.

In value terms, sack and bag imports contracted to $X in 2023. Overall, imports continue to indicate a pronounced increase. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2022, and then declined in the following year.

Imports by Country

The countries with the highest levels of sack and bag imports in 2023 were Thailand (X tons), Malaysia (X tons), Myanmar (X tons), the Philippines (X tons), Indonesia (X tons), Cambodia (X tons), Singapore (X tons), Lao People's Democratic Republic (X tons) and Vietnam (X tons), together finishing at X% of total import.

From 2012 to 2023, the biggest increases were recorded for Cambodia (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 importing markets in South-Eastern Asia were Thailand ($X), the Philippines ($X) and Malaysia ($X), together accounting for X% of total imports. Vietnam, Indonesia, Myanmar, Singapore, Cambodia and Lao People's Democratic Republic lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Cambodia, with a CAGR of X%, saw the highest growth rate of 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

The import price in South-Eastern Asia stood at $X per ton in 2023, which is down by X% against the previous year. Import price indicated a buoyant increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, sack and bag import price decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2013 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2021; however, from 2022 to 2023, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Vietnam ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform