Africa: Cotton Bag Market 2024

Cotton Bag Market Size in Africa

In 2021, after nine years of growth, there was decline in the African cotton bag market, when its value decreased by -4.5% to $X. The total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +6.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +74.1% against 2012 indices. Over the period under review, the market hit record highs at $X in 2020, and then reduced slightly in the following year.

Cotton Bag Production in Africa

In value terms, cotton bag production dropped modestly to $X in 2021 estimated in export price. The total production indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +6.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +77.5% against 2012 indices. The pace of growth was the most pronounced in 2018 when the production volume increased by 24%. The level of production peaked at $X in 2020, and then declined in the following year.

Cotton Bag Exports

Exports in Africa

In 2021, the amount of sacks and bags of cotton exported in Africa expanded slightly to X tons, with an increase of 4.6% on the year before. Over the period under review, exports, however, showed a abrupt descent. The growth pace was the most rapid in 2019 with an increase of 79%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, cotton bag exports skyrocketed to $X in 2021. In general, exports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2019 with an increase of 221% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Tunisia was the main exporting country with an export of around X tons, which recorded 46% of total exports. Morocco (X tons) took a 25% share (based on physical terms) of total exports, which put it in second place, followed by Ethiopia (8.6%) and South Africa (7.2%). The following exporters - Rwanda (X tons), Uganda (X tons) and Namibia (X tons) - together made up 9% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Uganda (with a CAGR of +56.5%), while the other leaders experienced more modest paces of growth.

In value terms, Tunisia ($X) remains the largest cotton bag supplier in Africa, comprising 56% of total exports. The second position in the ranking was held by Morocco ($X), with a 27% share of total exports. It was followed by Ethiopia, with a 4.8% share.

From 2012 to 2021, the average annual growth rate of value in Tunisia amounted to +8.6%. In the other countries, the average annual rates were as follows: Morocco (+18.4% per year) and Ethiopia (+9.3% per year).

Export Prices by Country

The export price in Africa stood at $X per ton in 2021, surging by 29% against the previous year. In general, the export price continues to indicate a prominent increase. The pace of growth was the most pronounced in 2019 an increase of 79% against the previous year. The level of export peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Tunisia ($X per ton), while Rwanda ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (+36.8%), while the other leaders experienced mixed trends in the export price figures.

Cotton Bag Imports

Imports in Africa

In 2021, cotton bag imports in Africa was estimated at X tons, surging by 6.2% on the previous year. Overall, imports, however, continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2016 when imports increased by 9.6% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, cotton bag imports reached $X in 2021. Over the period under review, imports, however, saw a perceptible reduction. The most prominent rate of growth was recorded in 2014 with an increase of 11% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Rwanda (X tons), Morocco (X tons), Gambia (X tons), South Africa (X tons), Botswana (X tons) and Democratic Republic of the Congo (X tons) represented roughly 58% of total imports in 2021. Egypt (X tons), Tanzania (X tons), Zimbabwe (X tons), Nigeria (X tons), Uganda (X tons), Tunisia (X tons) and Mauritius (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Gambia (with a CAGR of +31.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Morocco ($X) constitutes the largest market for imported sacks and bags of cotton in Africa, comprising 22% of total imports. The second position in the ranking was taken by Gambia ($X), with a 9.8% share of total imports. It was followed by South Africa, with an 8.4% share.

In Morocco, cotton bag imports increased at an average annual rate of +16.3% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Gambia (+37.8% per year) and South Africa (+7.2% per year).

Import Prices by Country

In 2021, the import price in Africa amounted to $X per ton, picking up by 4.3% against the previous year. Import price indicated a perceptible increase from 2012 to 2021: its price increased at an average annual rate of +2.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, cotton bag import price increased by +33.7% against 2017 indices. The most prominent rate of growth was recorded in 2020 an increase of 38% against the previous year. Over the period under review, import prices reached the maximum in 2021 and is likely to see steady growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mauritius (+9.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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