CIS: Cotton Bag Market 2024

Cotton Bag Market Size in CIS

The CIS cotton bag market reduced to $X in 2021, waning by -7.8% against the previous year. The market value increased at an average annual rate of +1.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2020, and then dropped in the following year.

Cotton Bag Production in CIS

In value terms, cotton bag production dropped to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 30% against the previous year. The level of production peaked at $X in 2020, and then fell in the following year.

Cotton Bag Exports

Exports in CIS

In 2021, approx. X tons of sacks and bags of cotton were exported in the CIS; remaining constant against the previous year. Overall, exports continue to indicate resilient growth. The growth pace was the most rapid in 2016 with an increase of 180% against the previous year. The volume of export peaked at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, cotton bag exports contracted remarkably to $X in 2021. In general, exports showed a prominent increase. The pace of growth was the most pronounced in 2016 when exports increased by 117% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Moldova was the key exporting country with an export of about X tons, which resulted at 63% of total exports. It was distantly followed by Uzbekistan (X tons), Belarus (X tons) and Russia (X tons), together comprising a 37% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to cotton bag exports from Moldova stood at +32.0%. At the same time, Russia (+43.0%) displayed positive paces of growth. Moreover, Russia emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +43.0% from 2012-2021. By contrast, Belarus (-11.6%) and Uzbekistan (-26.8%) illustrated a downward trend over the same period. While the share of Moldova (+46 p.p.), Uzbekistan (+24 p.p.) and Russia (+4.6 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Belarus (-73.2 p.p.) displayed negative dynamics.

In value terms, Moldova ($X) remains the largest cotton bag supplier in the CIS, comprising 78% of total exports. The second position in the ranking was taken by Uzbekistan ($X), with an 11% share of total exports. It was followed by Russia, with a 7.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Moldova totaled +17.1%. The remaining exporting countries recorded the following average annual rates of exports growth: Uzbekistan (-29.4% per year) and Russia (+34.7% per year).

Export Prices by Country

The export price in the CIS stood at $X per ton in 2021, with a decrease of -18.5% against the previous year. Overall, the export price continues to indicate a abrupt slump. The pace of growth appeared the most rapid in 2015 an increase of 45%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (-3.6%), while the other leaders experienced a decline in the export price figures.

Cotton Bag Imports

Imports in CIS

In 2021, supplies from abroad of sacks and bags of cotton decreased by -11.5% to X tons, falling for the second consecutive year after three years of growth. In general, imports saw a abrupt curtailment. The pace of growth was the most pronounced in 2019 with an increase of 85%. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, cotton bag imports soared to $X in 2021. Overall, imports showed a pronounced slump. The most prominent rate of growth was recorded in 2019 when imports increased by 87%. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Russia dominates imports structure, recording X tons, which was near 71% of total imports in 2021. Kazakhstan (X tons) took a 9.2% share (based on physical terms) of total imports, which put it in second place, followed by Belarus (7.3%). The following importers - Moldova (X tons), Tajikistan (X tons) and Azerbaijan (X tons) - together made up 10% of total imports.

Imports into Russia decreased at an average annual rate of -11.9% from 2012 to 2021. At the same time, Tajikistan (+31.7%), Belarus (+27.7%) and Azerbaijan (+6.7%) displayed positive paces of growth. Moreover, Tajikistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +31.7% from 2012-2021. Moldova experienced a relatively flat trend pattern. By contrast, Kazakhstan (-3.0%) illustrated a downward trend over the same period. While the share of Belarus (+6.9 p.p.), Kazakhstan (+4.3 p.p.), Tajikistan (+3.4 p.p.), Moldova (+2.5 p.p.) and Azerbaijan (+1.9 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Russia (-20.4 p.p.) displayed negative dynamics.

In value terms, Russia ($X) constitutes the largest market for imported sacks and bags of cotton in the CIS, comprising 72% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with an 11% share of total imports. It was followed by Tajikistan, with a 4.7% share.

In Russia, cotton bag imports contracted by an average annual rate of -2.5% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Kazakhstan (-8.6% per year) and Tajikistan (+29.1% per year).

Import Prices by Country

The import price in the CIS stood at $X per ton in 2021, with an increase of 30% against the previous year. Import price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +7.7% 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 +74.9% against 2015 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+10.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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