Spain: Cotton Bag Market 2024

Cotton Bag Market Size in Spain

In 2022, the Spanish cotton bag market increased by X% to $X, rising for the second consecutive year after two years of decline. Over the period under review, the total consumption indicated a buoyant expansion from 2012 to 2022: its value 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, consumption increased by X% against 2020 indices. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Cotton Bag Production in Spain

In value terms, cotton bag production fell significantly to $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the production volume increased by X%. As a result, production attained the peak level of $X, and then fell rapidly in the following year.

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Cotton Bag Exports

Exports from Spain

In 2022, after two years of growth, there was significant decline in overseas shipments of sacks and bags of cotton, when their volume decreased by X% to X tons. Overall, exports, however, recorded a buoyant expansion. The growth pace was the most rapid in 2020 when exports increased by X%. Over the period under review, the exports attained the peak figure at X tons in 2021, and then contracted in the following year.

In value terms, cotton bag exports dropped to $X in 2022. Over the period under review, exports, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The exports peaked at $X in 2021, and then dropped in the following year.

Exports by Country

Morocco (X tons) was the main destination for cotton bag exports from Spain, with a X% share of total exports. Moreover, cotton bag exports to Morocco exceeded the volume sent to the second major destination, Italy (X tons), threefold. France (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Morocco amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and France (X% per year).

In value terms, the largest markets for cotton bag exported from Spain were Italy ($X), Morocco ($X) and France ($X), together accounting for X% of total exports. The UK, the Netherlands, Portugal, Switzerland, Tunisia, Cuba and Algeria lagged somewhat behind, together accounting for a further X%.

The Netherlands, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average cotton bag export price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the export price saw a remarkable increase. The growth pace was the most rapid in 2014 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Morocco ($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 Algeria (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cotton Bag Imports

Imports into Spain

In 2022, overseas purchases of sacks and bags of cotton increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, imports posted significant growth. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, cotton bag imports soared to $X in 2022. In general, imports posted a significant expansion. The pace of growth was the most pronounced in 2014 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

Italy (X tons), France (X tons) and China (X tons) were the main suppliers of cotton bag imports to Spain, together comprising X% of total imports. India, Morocco and Bangladesh lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Morocco (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of sacks and bags of cotton to Spain, comprising X% of total imports. The second position in the ranking was taken by France ($X), with an X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and China (X% per year).

Import Prices by Country

The average cotton bag import price stood at $X per ton in 2022, falling by X% against the previous year. In general, the import price saw a deep setback. The most prominent rate of growth was recorded in 2019 an increase of X%. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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