Report Update Nov 1, 2024

Cuba - Sacks and Bags of Cotton - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Cotton Bag Market 2024

Cotton Bag Market Size in Cuba

After three years of growth, the Cuban cotton bag market decreased by -2.8% to $X in 2021. In general, consumption, however, enjoyed a strong increase. Over the period under review, the market attained the peak level at $X in 2020, and then contracted in the following year.

Cotton Bag Production in Cuba

In value terms, cotton bag production reduced to $X in 2021 estimated in export price. Overall, production, however, posted a remarkable increase. The growth pace was the most rapid in 2014 when the production volume increased by 96% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then fell in the following year.

Cotton Bag Exports

Exports from Cuba

In 2021, the amount of sacks and bags of cotton exported from Cuba amounted to less than X kg, stabilizing at the year before. In general, exports recorded a relatively flat trend pattern.

In value terms, cotton bag exports stood at less than $X in 2021. Over the period under review, exports recorded a relatively flat trend pattern.

Cotton Bag Imports

Imports into Cuba

In 2021, supplies from abroad of sacks and bags of cotton decreased by -15.9% to X tons, falling for the second year in a row after five years of growth. Over the period under review, imports recorded a sharp reduction. The pace of growth was the most pronounced in 2015 with an increase of 192% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, cotton bag imports shrank notably to $X in 2021. In general, imports continue to indicate a abrupt slump. The growth pace was the most rapid in 2019 when imports increased by 225%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Angola (X tons) was the main supplier of cotton bag to Cuba, with a approx. 100% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Angola was relatively modest.

In value terms, Angola ($X) constituted the largest supplier of sacks and bags of cotton to Cuba.

From 2012 to 2021, the average annual rate of growth in terms of value from Angola was relatively modest.

Import Prices by Country

In 2021, the average cotton bag import price amounted to $X per ton, with a decrease of -7.1% against the previous year. In general, the import price, however, recorded strong growth. The pace of growth appeared the most rapid in 2014 when the average import price increased by 168%. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Angola.

From 2012 to 2021, the rate of growth in terms of prices for Spain amounted to +10.7% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for sacks and bags of cotton in the world?

The countries with the highest volumes of cotton bag consumption in 2020 were China, Italy and India, together comprising 33% of global consumption.

What are the largest producers of sacks and bags of cotton in the world?

China constituted the country with the largest volume of cotton bag production, accounting for 20% of total volume. Moreover, cotton bag production in China exceeded the figures recorded by the second-largest producer, Italy, twofold. The third position in this ranking was occupied by India, with a 9.5% share.

What are the leading suppliers of sacks and bags of cotton to Cuba?

In value terms, Canada constituted the largest supplier of cotton bag to Cuba.

What is the average import price for sacks and bags of cotton in Cuba?

In 2020, the average cotton bag import price amounted to $10,855 per ton, falling by -1.9% against the previous year.

This report provides an in-depth analysis of the cotton bag market in Cuba. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 13922130 - Sacks and bags, of cotton, used for packing goods

Country coverage:

Cuba

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Cuba
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023