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Learn about the projected growth of the global cotton sacks and bags market, with consumption expected to rise over the next six years. By 2030, the market volume is forecasted to reach 140K tons, while the market value is projected to reach $1.6B.
From 2022 to 2024, the growth of imports for Cotton Bag failed to regain momentum. In value terms, Cotton Bag imports decreased significantly to $25M in 2024.
Cotton Bag imports reached a peak of 2.3K tons in 2022 before declining the next year. In terms of value, imports of Cotton Bags saw a slight increase to $46M in 2023.
Between 2016 and 2023, the growth of Cotton Bag exports did not pick up pace. The value of Cotton Bag exports climbed to $2.9M in 2023.
Cotton Bag exports reached a peak of 7K tons in 2022 before experiencing a slight decline in the following year. In terms of value, the exports amounted to $60M in 2023.
In January 2023, Cotton Bag exports experienced a significant growth rate of 107% month-on-month. However, in November 2023, the value of Cotton Bag exports sharply decreased to $249K.
The most notable growth rate was observed in November 2022, with cotton bag exports increasing by 39% month-to-month. In terms of value, cotton bag exports dropped to $3.4M in October 2023.
Exports of Cotton Bags surged to $5.2 million in June 2023, marking a significant increase in value terms.
The price of cotton bags, known as 'Cotton Bag', reached $8,738 per ton (CIF, US) in May 2023, experiencing a 21% increase compared to the previous month.
In February 2023, the cotton bag price amounted to $6,672 per ton (FOB, India), reducing by -26.8% against the previous month.
In January 2023, the cotton bag price stood at $14,609 per ton (FOB, Turkey), dropping by -7.7% against the previous month.
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