Bangladesh: Cotton Bag Market 2025

Cotton Bag Market Size in Bangladesh

The Bangladeshi cotton bag market reduced sharply to $X in 2021, waning by -21.9% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Cotton Bag Production in Bangladesh

In value terms, cotton bag production fell to $X in 2021 estimated in export price. In general, production, however, continues to indicate a noticeable shrinkage. The pace of growth appeared the most rapid in 2017 with an increase of 29% against the previous year. Cotton bag production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Cotton Bag Exports

Exports from Bangladesh

In 2021, the amount of sacks and bags of cotton exported from Bangladesh surged to X tons, with an increase of 568% compared with the year before. Overall, exports, however, saw a perceptible reduction. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, cotton bag exports skyrocketed to $X in 2021. Over the period under review, exports, however, showed a abrupt setback. The most prominent rate of growth was recorded in 2015 with an increase of 284%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X tons) was the main destination for cotton bag exports from Bangladesh, accounting for a 75% share of total exports. Moreover, cotton bag exports to the United Arab Emirates exceeded the volume sent to the second major destination, Saudi Arabia (X tons), tenfold. Australia (X tons) ranked third in terms of total exports with a 2.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United Arab Emirates stood at +5.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+88.5% per year) and Australia (-20.7% per year).

In value terms, the United Arab Emirates ($X), Saudi Arabia ($X) and the United States ($X) appeared to be the largest markets for cotton bag exported from Bangladesh worldwide, with a combined 62% share of total exports.

Saudi Arabia, with a CAGR of +61.9%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination 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, shrinking by -48.6% against the previous year. Over the period under review, the export price showed a deep reduction. The pace of growth was the most pronounced in 2020 an increase of 184% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2015; however, from 2016 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 Italy ($X per ton), while the average price for exports to the United Arab Emirates ($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 Australia (+9.9%), while the prices for the other major destinations experienced more modest paces of growth.

Cotton Bag Imports

Imports into Bangladesh

In 2021, the amount of sacks and bags of cotton imported into Bangladesh soared to X tons, with an increase of 29% on 2020. Overall, imports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2016 when imports increased by 311%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, cotton bag imports contracted to $X in 2021. Over the period under review, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2016 when imports increased by 358% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Hong Kong SAR (X tons) was the main cotton bag supplier to Bangladesh, accounting for a 96% share of total imports. It was followed by Taiwan (Chinese) (X kg), with a 2.5% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Hong Kong SAR stood at +41.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (0.0% per year) and China (-24.7% per year).

In value terms, Hong Kong SAR ($X) constituted the largest supplier of sacks and bags of cotton to Bangladesh, comprising 96% of total imports. The second position in the ranking was taken by China ($X), with a 2.6% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Hong Kong SAR amounted to +39.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-18.2% per year) and Taiwan (Chinese) (0.0% per year).

Import Prices by Country

In 2021, the average cotton bag import price amounted to $X per ton, with a decrease of -28.5% against the previous year. Overall, import price indicated a perceptible expansion from 2012 to 2021: its price increased at an average annual rate of +4.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when the average import price increased by 63% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2020, and then shrank significantly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+8.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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