Luxembourg: Market for Paper Sacks And Bags 2024

Market Size for Paper Sacks And Bags in Luxembourg

The Luxembourg paper sack and bag market surged to $X in 2021, growing by 21% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated a modest increase from 2012 to 2021: its value increased at an average annual rate of +1.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +16.0% against 2018 indices. Paper sack and bag consumption peaked in 2021 and is likely to continue growth in years to come.

Exports of Paper Sacks And Bags

Exports from Luxembourg

In 2021, after two years of growth, there was significant decline in overseas shipments of paper sacks and bags, when their volume decreased by -55.3% to X tons. Over the period under review, exports showed a noticeable contraction. The most prominent rate of growth was recorded in 2013 with an increase of 118% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, paper sack and bag exports dropped markedly to $X in 2021. In general, exports showed a perceptible contraction. The most prominent rate of growth was recorded in 2013 when exports increased by 143%. Over the period under review, the exports attained the peak figure at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

France (X tons), Belgium (X tons) and Turkey (X tons) were the main destinations of paper sack and bag exports from Luxembourg, with a combined 98% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +162.5%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, France ($X), Belgium ($X) and Turkey ($X) constituted the largest markets for paper sack and bag exported from Luxembourg worldwide, together comprising 97% of total exports.

Turkey, with a CAGR of +140.9%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average paper sack and bag export price amounted to $X per ton, increasing by 31% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to Belgium ($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 Germany (+3.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Paper Sacks And Bags

Imports into Luxembourg

In 2021, the amount of paper sacks and bags imported into Luxembourg soared to X tons, picking up by 25% on 2020 figures. The total import volume increased at an average annual rate of +2.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, paper sack and bag imports expanded remarkably to $X in 2021. The total import value increased at an average annual rate of +1.3% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2016 when imports increased by 15%. Imports peaked in 2021 and are likely to see gradual growth in the near future.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of paper sack and bag to Luxembourg, with a 54% share of total imports. Moreover, paper sack and bag imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X tons), twofold. The third position in this ranking was held by France (X tons), with a 9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+4.1% per year) and France (+5.7% per year).

In value terms, Belgium ($X), Germany ($X) and France ($X) were the largest paper sack and bag suppliers to Luxembourg, together comprising 85% of total imports. These countries were followed by Italy and the Netherlands, which together accounted for a further 9%.

The Netherlands, with a CAGR of +33.2%, recorded the highest rates of growth with regard to 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

The average paper sack and bag import price stood at $X per ton in 2021, dropping by -15.4% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by 47%. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+2.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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