Global Cotton Bag Market 2024

Cotton Bag Market Size

The global cotton bag market declined to $X in 2022, which is down by X% against the previous year. Over the period under review, the total consumption indicated a temperate increase 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 decreased by X% against 2019 indices. Global consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Cotton Bag Production

In value terms, cotton bag production fell to $X in 2022 estimated in export price. Overall, the total production indicated a temperate increase 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, production decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Over the period under review, global production attained the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

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Cotton Bag Exports

Exports

In 2022, approx. X tons of sacks and bags of cotton were exported worldwide; with an increase of X% against the previous year. In general, total exports indicated temperate growth from 2012 to 2022: its volume 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, exports increased by X% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, cotton bag exports rose notably to $X in 2022. Over the period under review, total exports indicated a buoyant increase 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, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of X%. The global exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Pakistan was the largest exporting country with an export of around X tons, which accounted for X% of total exports. India (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by China (X%), Albania (X%) and the United Arab Emirates (X%). The following exporters - Bangladesh (X tons) and Italy (X tons) - together made up X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Albania (with a CAGR of X%), while the other global leaders experienced more modest paces of growth.

In value terms, India ($X), China ($X) and Albania ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of global exports.

Among the main exporting countries, Albania, 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 global leaders experienced more modest paces of growth.

Export Prices by Country

The average cotton bag export price stood at $X per ton in 2022, dropping by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton, and then contracted sharply in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the other global leaders experienced mixed trends in the export price figures.

Cotton Bag Imports

Imports

In 2022, supplies from abroad of sacks and bags of cotton increased by X% to X tons, rising for the second consecutive year after three years of decline. In general, total imports indicated a tangible expansion from 2012 to 2022: its volume 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, imports increased by X% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, cotton bag imports surged to $X in 2022. Over the period under review, total imports indicated a buoyant increase 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, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by X%. Global imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

The purchases of the twelve major importers of sacks and bags of cotton, namely France, Italy, the United States, the United Arab Emirates, Australia, Spain, South Sudan, the UK, Germany, Angola, Denmark and Hong Kong SAR, represented more than two-thirds of total import.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by South Sudan (with a CAGR of X%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, France ($X), Italy ($X) and Australia ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of global imports. The United States, Germany, the UK, Spain, the United Arab Emirates, Denmark, Hong Kong SAR, South Sudan and Angola lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, South Sudan, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average cotton bag import price amounted to $X per ton, which is down by X% against the previous year. In general, import price indicated a moderate expansion from 2012 to 2022: its price 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, cotton bag import price decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2015 when the average import price increased by X%. Global import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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