Denmark: Cotton Bag Market 2024

Cotton Bag Market Size in Denmark

In 2021, after four years of growth, there was significant decline in the Danish cotton bag market, when its value decreased by -16.4% to $X. Over the period under review, consumption, however, posted a modest expansion. Over the period under review, the market hit record highs at $X in 2020, and then dropped markedly in the following year.

Cotton Bag Production in Denmark

In value terms, cotton bag production contracted markedly to $X in 2021 estimated in export price. Overall, production, however, showed a tangible expansion. The most prominent rate of growth was recorded in 2019 with an increase of 187%. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Cotton Bag Exports

Exports from Denmark

For the eighth consecutive year, Denmark recorded growth in overseas shipments of sacks and bags of cotton, which increased by 32% to X tons in 2021. Over the period under review, exports continue to indicate strong growth. The pace of growth appeared the most rapid in 2015 when exports increased by 71% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, cotton bag exports skyrocketed to $X in 2021. Overall, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2018 when exports increased by 60%. Over the period under review, the exports attained the peak figure in 2021 and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for cotton bag exports from Denmark, with a 30% share of total exports. Moreover, cotton bag exports to Germany exceeded the volume sent to the second major destination, Sweden (X tons), twofold. Norway (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany totaled +7.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+13.5% per year) and Norway (+23.8% per year).

In value terms, Germany ($X) remains the key foreign market for sacks and bags of cotton exports from Denmark, comprising 31% of total exports. The second position in the ranking was taken by France ($X), with an 11% share of total exports. It was followed by Sweden, with an 8.4% share.

From 2012 to 2021, the average annual growth rate of value to Germany amounted to +25.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+59.2% per year) and Sweden (+21.7% per year).

Export Prices by Country

The average cotton bag export price stood at $X per ton in 2021, growing by 21% against the previous year. In general, the export price showed a prominent increase. The most prominent rate of growth was recorded in 2020 an increase of 48% against the previous year. The export price peaked in 2021 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to Sweden ($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 Austria (+30.2%), while the prices for the other major destinations experienced more modest paces of growth.

Cotton Bag Imports

Imports into Denmark

Cotton bag imports into Denmark reached X tons in 2021, with an increase of 5.5% compared with the previous year's figure. Over the period under review, imports posted a temperate increase. The pace of growth appeared the most rapid in 2013 when imports increased by 32%. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, cotton bag imports declined modestly to $X in 2021. In general, imports posted a resilient increase. The pace of growth was the most pronounced in 2020 with an increase of 41%. As a result, imports reached the peak of $X, and then dropped slightly in the following year.

Imports by Country

India (X tons), China (X tons) and Pakistan (X tons) were the main suppliers of cotton bag imports to Denmark, together accounting for 90% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Pakistan (with a CAGR of +20.0%), while imports for the other leaders experienced mixed trend patterns.

In value terms, China ($X), India ($X) and Pakistan ($X) were the largest cotton bag suppliers to Denmark, together comprising 87% of total imports.

India, with a CAGR of +23.9%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average cotton bag import price amounted to $X per ton, dropping by -7.5% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.3%. The growth pace was the most rapid in 2014 an increase of 53%. Over the period under review, average import prices reached the peak figure at $X per ton in 2020, and then contracted in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+7.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :