Pakistan: Market for Paper Sacks And Bags 2024

Market Size for Paper Sacks And Bags in Pakistan

The Pakistani paper sack and bag market surged to $X in 2021, picking up by 24% against the previous year. Over the period under review, the total consumption indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +2.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -18.5% against 2017 indices. Paper sack and bag consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Production of Paper Sacks And Bags in Pakistan

In value terms, paper sack and bag production surged to $X in 2021 estimated in export price. In general, the total production indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +2.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -20.3% against 2017 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by 31%. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Exports of Paper Sacks And Bags

Exports from Pakistan

In 2021, approx. X tons of paper sacks and bags were exported from Pakistan; increasing by 190% on the year before. Over the period under review, exports showed resilient growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, paper sack and bag exports soared to $X in 2021. Overall, exports recorded a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The UK (X tons), Qatar (X tons) and the United Arab Emirates (X tons) were the main destinations of paper sack and bag exports from Pakistan, with a combined 84% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Qatar (with a CAGR of +47.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X) remains the key foreign market for paper sacks and bags exports from Pakistan, comprising 46% of total exports. The second position in the ranking was held by Qatar ($X), with a 23% share of total exports. It was followed by the United Arab Emirates, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the UK totaled +35.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (+35.1% per year) and the United Arab Emirates (+5.1% per year).

Export Prices by Country

In 2021, the average paper sack and bag export price amounted to $X per ton, surging by 10% against the previous year. Overall, the export price, however, recorded a pronounced slump. The most prominent rate of growth was recorded in 2015 an increase of 13% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Afghanistan ($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 India (+40.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Paper Sacks And Bags

Imports into Pakistan

In 2021, overseas purchases of paper sacks and bags decreased by -25.8% to X tons, falling for the second year in a row after two years of growth. Over the period under review, imports recorded a abrupt descent. The most prominent rate of growth was recorded in 2016 when imports increased by 100% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2021, the growth of imports failed to regain momentum.

In value terms, paper sack and bag imports declined remarkably to $X in 2021. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 87%. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports remained at a lower figure.

Imports by Country

New Zealand (X tons), China (X tons) and the United States (X tons) were the main suppliers of paper sack and bag imports to Pakistan, with a combined 76% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by New Zealand (with a CAGR of +39.7%), while imports for the other leaders experienced mixed trend patterns.

In value terms, New Zealand ($X), the United States ($X) and China ($X) appeared to be the largest paper sack and bag suppliers to Pakistan, with a combined 81% share of total imports.

In terms of the main suppliers, New Zealand, with a CAGR of +48.9%, 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 paper sack and bag import price amounted to $X per ton, growing by 13% against the previous year. Over the last nine-year period, it increased at an average annual rate of +5.4%. The pace of growth was the most pronounced in 2017 an increase of 30%. As a result, import price reached the peak level of $X per ton. From 2018 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while the price for Switzerland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kuwait (+9.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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