Pakistan: Cotton Bag Market 2024

Cotton Bag Market Size in Pakistan

After three years of growth, the Pakistani cotton bag market decreased by -20.8% to $X in 2021. Overall, consumption, however, continues to indicate significant growth. As a result, consumption reached the peak level of $X, and then fell rapidly in the following year.

Cotton Bag Production in Pakistan

In value terms, cotton bag production dropped sharply to $X in 2021 estimated in export price. In general, production, however, posted prominent growth. The most prominent rate of growth was recorded in 2020 with an increase of 67%. As a result, production attained the peak level of $X, and then shrank markedly in the following year.

Cotton Bag Exports

Exports from Pakistan

In 2021, overseas shipments of sacks and bags of cotton decreased by -21.6% to X tons, falling for the second year in a row after two years of growth. In general, exports recorded a noticeable contraction. The most prominent rate of growth was recorded in 2019 when exports increased by 78% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, cotton bag exports declined to $X in 2021. Over the period under review, exports recorded a pronounced descent. The pace of growth was the most pronounced in 2016 when exports increased by 31%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X tons), Germany (X tons) and Japan (X tons) were the main destinations of cotton bag exports from Pakistan, together accounting for 55% of total exports. Belgium, Denmark, Saudi Arabia, the Netherlands, the UK, France, Australia, China, Switzerland and Italy lagged somewhat behind, together accounting for a further 35%.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +15.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Germany ($X) and Japan ($X) were the largest markets for cotton bag exported from Pakistan worldwide, with a combined 55% share of total exports. Belgium, Denmark, Saudi Arabia, the Netherlands, the UK, France, China, Australia, Switzerland and Italy lagged somewhat behind, together comprising a further 36%.

Among the main countries of destination, France, with a CAGR of +15.6%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average cotton bag export price amounted to $X per ton, jumping by 20% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 34%. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the highest price was recorded for prices to the UK ($X per ton) and Denmark ($X per ton), while the average price for exports to Italy ($X per ton) and Australia ($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 Switzerland (+3.8%), while the prices for the other major destinations experienced more modest paces of growth.

Cotton Bag Imports

Imports into Pakistan

In 2021, the amount of sacks and bags of cotton imported into Pakistan surged to X tons, rising by 214% against 2020 figures. Overall, imports recorded a remarkable increase. The pace of growth was the most pronounced in 2014 with an increase of 587%. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, cotton bag imports surged to $X in 2021. Over the period under review, imports recorded prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of cotton bag to Pakistan, with a 67% share of total imports. Moreover, cotton bag imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. The third position in this ranking was held by the United Arab Emirates (X tons), with a 6.1% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +9.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+12.3% per year) and the United Arab Emirates (+35.4% per year).

In value terms, the United States ($X) constituted the largest supplier of sacks and bags of cotton to Pakistan, comprising 76% of total imports. The second position in the ranking was held by China ($X), with a 14% share of total imports. It was followed by the United Arab Emirates, with a 10% share.

From 2012 to 2021, the average annual growth rate of value from the United States stood at +36.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-1.9% per year) and the United Arab Emirates (+33.9% per year).

Import Prices by Country

The average cotton bag import price stood at $X per ton in 2021, jumping by 115% against the previous year. In general, the import price recorded a buoyant expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 States ($X per ton), while the price for Australia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+21.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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