Bangladesh: Market for Paper Sacks And Bags 2025

Market Size for Paper Sacks And Bags in Bangladesh

The Bangladeshi paper sack and bag market expanded notably to $X in 2021, rising by 8.3% against the previous year. In general, consumption, however, recorded a prominent expansion. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Production of Paper Sacks And Bags in Bangladesh

In value terms, paper sack and bag production expanded rapidly to $X in 2021 estimated in export price. Over the period under review, production, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2019 with an increase of 57%. As a result, production attained the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Exports of Paper Sacks And Bags

Exports from Bangladesh

In 2021, overseas shipments of paper sacks and bags increased by 40% to X tons, rising for the second year in a row after three years of decline. Overall, exports, however, faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of 484%. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, paper sack and bag exports surged to $X in 2021. Over the period under review, exports, however, continue to indicate a drastic downturn. The growth pace was the most rapid in 2013 when exports increased by 205%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for paper sack and bag exports from Bangladesh, accounting for a 29% share of total exports. Moreover, paper sack and bag exports to the United States exceeded the volume sent to the second major destination, Canada (X tons), twofold. New Zealand (X tons) ranked third in terms of total exports with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled -1.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (-29.7% per year) and New Zealand (+94.8% per year).

In value terms, the largest markets for paper sack and bag exported from Bangladesh were Italy ($X), the United States ($X) and Spain ($X), with a combined 43% share of total exports. These countries were followed by New Zealand, Canada, Jordan and Azerbaijan, which together accounted for a further 14%.

Among the main countries of destination, Azerbaijan, with a CAGR of +875.7%, 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

The average paper sack and bag export price stood at $X per ton in 2021, rising by 85% against the previous year. In general, the export price recorded a prominent expansion. The most prominent rate of growth was recorded in 2017 an increase of 187% against the previous year. Over the period under review, the average export prices reached the maximum in 2021 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Azerbaijan ($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 Spain (+23.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Paper Sacks And Bags

Imports into Bangladesh

After two years of decline, overseas purchases of paper sacks and bags increased by 12% to X tons in 2021. In general, imports recorded strong growth. The most prominent rate of growth was recorded in 2014 with an increase of 5,814%. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, paper sack and bag imports shrank to $X in 2021. Over the period under review, imports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2014 with an increase of 8,349% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

China (X tons), Thailand (X tons) and India (X tons) were the main suppliers of paper sack and bag imports to Bangladesh, with a combined 99% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of +95.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of paper sacks and bags to Bangladesh, comprising 78% of total imports. The second position in the ranking was held by Thailand ($X), with a 10% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China totaled +24.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+178.3% per year) and India (+68.1% per year).

Import Prices by Country

In 2021, the average paper sack and bag import price amounted to $X per ton, waning by -20.8% against the previous year. In general, the import price, however, enjoyed strong growth. The growth pace was the most rapid in 2020 when the average import price increased by 76% against the previous year. As a result, import price reached the peak level of $X per ton, and then declined markedly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+19.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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