Saudi Arabia: Market for Paper Sacks And Bags 2024

Market Size for Paper Sacks And Bags in Saudi Arabia

The Saudi paper sack and bag market soared to $X in 2021, rising by 35% against the previous year. Overall, the total consumption indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +7.8% 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 increased by +80.0% against 2017 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Paper Sacks And Bags in Saudi Arabia

In value terms, paper sack and bag production skyrocketed to $X in 2021 estimated in export price. In general, the total production indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Exports of Paper Sacks And Bags

Exports from Saudi Arabia

In 2021, approx. X tons of paper sacks and bags were exported from Saudi Arabia; growing by 3.3% on 2020. Overall, exports, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2014 when exports increased by 156%. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, paper sack and bag exports soared to $X in 2021. Over the period under review, exports, however, continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2014 when exports increased by 164% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Kuwait (X tons), Egypt (X tons) and Sudan (X tons) were the main destinations of paper sack and bag exports from Saudi Arabia, with a combined 53% share of total exports. Bahrain, Lebanon, the United Arab Emirates, the United States, Oman, Jordan and Iraq lagged somewhat behind, together accounting for a further 43%.

From 2012 to 2021, the biggest increases were recorded for Bahrain (with a CAGR of +83.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Kuwait ($X), Egypt ($X) and Bahrain ($X) constituted the largest markets for paper sack and bag exported from Saudi Arabia worldwide, with a combined 57% share of total exports.

Among the main countries of destination, Bahrain, with a CAGR of +81.7%, saw the highest growth rate of 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 paper sack and bag export price amounted to $X per ton, surging by 31% against the previous year. Overall, export price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +6.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, paper sack and bag export price increased by +75.9% against 2017 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Jordan ($X per ton), while the average price for exports to Iraq ($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 Jordan (+8.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Paper Sacks And Bags

Imports into Saudi Arabia

Paper sack and bag imports into Saudi Arabia rose sharply to X tons in 2021, increasing by 8.6% on 2020. The total import volume increased at an average annual rate of +2.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by 21% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, paper sack and bag imports soared to $X in 2021. In general, total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -13.6% against 2019 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 40%. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Jordan (X tons) and Kuwait (X tons) were the main suppliers of paper sack and bag imports to Saudi Arabia, together accounting for 60% of total imports. These countries were followed by Oman, the United Arab Emirates, Germany and Lebanon, which together accounted for a further 32%.

From 2012 to 2021, the biggest increases were recorded for Lebanon (with a CAGR of +14.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of paper sacks and bags to Saudi Arabia, comprising 29% of total imports. The second position in the ranking was taken by Kuwait ($X), with a 13% share of total imports. It was followed by Jordan, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +11.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Kuwait (+9.0% per year) and Jordan (+4.9% per year).

Import Prices by Country

In 2021, the average paper sack and bag import price amounted to $X per ton, growing by 9.4% against the previous year. Over the last nine years, it increased at an average annual rate of +3.4%. The growth pace was the most rapid in 2018 when the average import price increased by 15% against the previous year. As a result, import price attained the peak level of $X per ton; afterwards, it flattened through to 2021.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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