New Zealand: Cotton Bag Market 2025

Cotton Bag Market Size in New Zealand

The New Zealand cotton bag market rose significantly to $X in 2021, with an increase of 14% against the previous year. Overall, consumption showed strong growth. Cotton bag consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Cotton Bag Production in New Zealand

In value terms, cotton bag production surged to $X in 2021 estimated in export price. In general, production continues to indicate buoyant growth. The pace of growth was the most pronounced in 2015 with an increase of 100% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Cotton Bag Exports

Exports from New Zealand

In 2021, the amount of sacks and bags of cotton exported from New Zealand declined to X kg, waning by -6% on the previous year's figure. In general, exports, however, enjoyed buoyant growth. The pace of growth was the most pronounced in 2017 when exports increased by 417% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, cotton bag exports soared to $X in 2021. Over the period under review, exports saw a pronounced setback. The most prominent rate of growth was recorded in 2017 when exports increased by 273% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Marshall Islands (X kg), New Caledonia (X kg) and Australia (X kg) were the main destinations of cotton bag exports from New Zealand, together accounting for 85% of total exports. These countries were followed by Maldives, Singapore, Saint Maarten (Dutch part) and Cook Islands, which together accounted for a further 13%.

From 2012 to 2021, the biggest increases were recorded for Singapore (with a CAGR of +20.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Marshall Islands ($X), New Caledonia ($X) and Australia ($X) appeared to be the largest markets for cotton bag exported from New Zealand worldwide, together comprising 85% of total exports.

New Caledonia, with a CAGR of +5.7%, saw the highest rates of growth with regard to 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

The average cotton bag export price stood at $X per ton in 2021, surging by 29% against the previous year. Over the period under review, the export price, however, showed a abrupt decline. The pace of growth was the most pronounced in 2016 an increase of 230%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the average export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Cook Islands ($X per ton) and Australia ($X per ton), while the average price for exports to Saint Maarten (Dutch part) ($X per ton) and Fiji ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Fiji (+10.3%), while the prices for the other major destinations experienced a decline.

Cotton Bag Imports

Imports into New Zealand

In 2021, the amount of sacks and bags of cotton imported into New Zealand fell significantly to X tons, waning by -21.9% compared with the previous year. In general, imports recorded a perceptible contraction. The growth pace was the most rapid in 2018 with an increase of 164%. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, cotton bag imports dropped remarkably to $X in 2021. Overall, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 159%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

China (X tons), India (X tons) and Pakistan (X kg) were the main suppliers of cotton bag imports to New Zealand, with a combined 88% share of total imports. These countries were followed by Australia, the United States, Honduras and Croatia, which together accounted for a further 8.6%.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +95.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), India ($X) and Pakistan ($X) were the largest cotton bag suppliers to New Zealand, with a combined 88% share of total imports. These countries were followed by Australia, the United States, Honduras and Croatia, which together accounted for a further 8.6%.

Among the main suppliers, the United States, with a CAGR of +100.1%, recorded the highest growth rate of the value of imports, 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, with an increase of 2.3% against the previous year. Over the last nine years, it increased at an average annual rate of +4.8%. The growth pace was the most rapid in 2014 when the average import price increased by 18%. The import price peaked in 2021 and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were India ($X per ton) and the United States ($X per ton), while the price for Croatia ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (+11.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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