Austria: Cotton Bag Market 2024

Cotton Bag Market Size in Austria

The Austrian cotton bag market was finally on the rise to reach $X in 2021, after two years of decline. In general, consumption, however, showed a strong expansion. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Cotton Bag Production in Austria

In value terms, cotton bag production surged to $X in 2021 estimated in export price. In general, production recorded strong growth. The most prominent rate of growth was recorded in 2018 with an increase of 196%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Cotton Bag Exports

Exports from Austria

Cotton bag exports from Austria surged to X tons in 2021, rising by 103% on 2020. Over the period under review, exports showed buoyant growth. The most prominent rate of growth was recorded in 2018 with an increase of 136% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, cotton bag exports soared to $X in 2021. In general, exports showed significant growth. The most prominent rate of growth was recorded in 2018 when exports increased by 275%. The exports peaked in 2021 and are likely to continue growth in the immediate term.

Exports by Country

Poland (X tons) was the main destination for cotton bag exports from Austria, with a 44% share of total exports. Moreover, cotton bag exports to Poland exceeded the volume sent to the second major destination, the UK (X tons), twofold. Germany (X tons) ranked third in terms of total exports with a 10% share.

From 2012 to 2021, the average annual growth rate of volume to Poland amounted to +97.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+71.7% per year) and Germany (+12.5% per year).

In value terms, the largest markets for cotton bag exported from Austria were the UK ($X), Poland ($X) and Germany ($X), with a combined 75% share of total exports.

Among the main countries of destination, the UK, with a CAGR of +92.6%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average cotton bag export price amounted to $X per ton, flattening at the previous year. Over the period under review, the export price enjoyed a buoyant increase. The pace of growth was the most pronounced in 2018 an increase of 59%. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+11.9%), while the prices for the other major destinations experienced more modest paces of growth.

Cotton Bag Imports

Imports into Austria

In 2021, supplies from abroad of sacks and bags of cotton decreased by -22.7% to X tons, falling for the third year in a row after three years of growth. Overall, imports, however, continue to indicate a measured expansion. The pace of growth was the most pronounced in 2014 when imports increased by 61% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, cotton bag imports contracted slightly to $X in 2021. Over the period under review, imports, however, posted a prominent increase. The pace of growth appeared the most rapid in 2014 when imports increased by 57% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

Germany (X tons), China (X tons) and France (X tons) were the main suppliers of cotton bag imports to Austria, together comprising 64% of total imports. Italy, the Czech Republic, India, Hungary, Turkey, Poland, Denmark and Slovakia lagged somewhat behind, together comprising a further 30%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Czech Republic (with a CAGR of +18.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of sacks and bags of cotton to Austria, comprising 37% of total imports. The second position in the ranking was taken by China ($X), with a 15% share of total imports. It was followed by France, with a 15% share.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to +15.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+3.7% per year) and France (+1.0% per year).

Import Prices by Country

In 2021, the average cotton bag import price amounted to $X per ton, picking up by 24% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.9%. The growth pace was the most rapid in 2013 an increase of 31%. Over the period under review, average import prices reached the peak figure in 2021 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+17.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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