South Africa: Sack And Bag Market 2024

Sack And Bag Market Size in South Africa

After five years of growth, the South African sack and bag market decreased by X% to $X in 2022. Overall, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Sack And Bag Production in South Africa

In value terms, sack and bag production reduced modestly to $X in 2022 estimated in export price. Overall, the total production indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The pace of growth was the most pronounced in 2013 with an increase of X%. Sack and bag production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Sack And Bag Exports

Exports from South Africa

In 2022, overseas shipments of sacks and bags increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, exports saw a prominent expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, sack and bag exports surged to $X in 2022. In general, total exports indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Namibia (X tons), Botswana (X tons) and Democratic Republic of the Congo (X tons) were the main destinations of sack and bag exports from South Africa, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Namibia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for sack and bag exported from South Africa were Botswana ($X), Namibia ($X) and Democratic Republic of the Congo ($X), together accounting for X% of total exports.

Among the main countries of destination, Democratic Republic of the Congo, with a CAGR of X%, recorded 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 2022, the average sack and bag export price amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, the export price showed a pronounced curtailment. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($X per ton), while the average price for exports to Namibia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lesotho (X%), while the prices for the other major destinations experienced mixed trend patterns.

Sack And Bag Imports

Imports into South Africa

For the third year in a row, South Africa recorded growth in purchases abroad of sacks and bags, which increased by X% to X tons in 2022. Overall, imports, however, recorded a noticeable curtailment. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, sack and bag imports rose markedly to $X in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Swaziland (X tons) constituted the largest supplier of sack and bag to South Africa, accounting for a X% share of total imports. Moreover, sack and bag imports from Swaziland exceeded the figures recorded by the second-largest supplier, India (X tons), threefold. The third position in this ranking was held by China (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Swaziland totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and China (X% per year).

In value terms, Swaziland ($X) constituted the largest supplier of sacks and bags to South Africa, comprising X% of total imports. The second position in the ranking was taken by India ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Swaziland was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and China (X% per year).

Import Prices by Country

In 2022, the average sack and bag import price amounted to $X per ton, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2013 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while the price for Namibia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Swaziland (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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