Southern Asia: Market for Paper Sacks And Bags 2025

Market Size for Paper Sacks And Bags in Southern Asia

The South Asian paper sack and bag market stood at $X in 2021, remaining constant against the previous year. The total consumption indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +4.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -2.4% against 2019 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Production of Paper Sacks And Bags in Southern Asia

In value terms, paper sack and bag production expanded remarkably to $X in 2021 estimated in export price. The total production indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.0% 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 -4.7% against 2019 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by 17% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Exports of Paper Sacks And Bags

Exports in Southern Asia

Paper sack and bag exports soared to X tons in 2021, increasing by 141% compared with the previous year. In general, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, paper sack and bag exports surged to $X in 2021. Over the period under review, exports showed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

India was the major exporter of paper sacks and bags in Southern Asia, with the volume of exports recording X tons, which was approx. 84% of total exports in 2021. It was distantly followed by Sri Lanka (X tons), creating a 15% share of total exports.

India was also the fastest-growing in terms of the paper sacks and bags exports, with a CAGR of +39.0% from 2012 to 2021. At the same time, Sri Lanka (+5.9%) displayed positive paces of growth. While the share of India (+53 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Sri Lanka (-47.6 p.p.) displayed negative dynamics.

In value terms, India ($X) remains the largest paper sack and bag supplier in Southern Asia, comprising 84% of total exports. The second position in the ranking was held by Sri Lanka ($X), with a 14% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in India amounted to +36.8%.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2021, declining by -13.9% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 13% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2020, and then dropped in the following year.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was India ($X per ton), while Sri Lanka amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sri Lanka (+1.0%).

Imports of Paper Sacks And Bags

Imports in Southern Asia

In 2021, overseas purchases of paper sacks and bags decreased by -0.4% to X tons, falling for the fourth consecutive year after three years of growth. In general, imports, however, saw a modest increase. The pace of growth was the most pronounced in 2017 with an increase of 99%. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, paper sack and bag imports rose remarkably to $X in 2021. Over the period under review, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by 59% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports failed to regain momentum.

Imports by Country

India was the key importer of paper sacks and bags in Southern Asia, with the volume of imports finishing at X tons, which was near 83% of total imports in 2021. It was distantly followed by Sri Lanka (X tons), achieving a 10% share of total imports. Pakistan (X tons) and Nepal (X tons) followed a long way behind the leaders.

Imports into India increased at an average annual rate of +1.7% from 2012 to 2021. At the same time, Sri Lanka (+18.3%) and Nepal (+4.6%) displayed positive paces of growth. Moreover, Sri Lanka emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +18.3% from 2012-2021. By contrast, Pakistan (-5.9%) illustrated a downward trend over the same period. While the share of Sri Lanka (+7.6 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Pakistan (-3.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported paper sacks and bags in Southern Asia, comprising 76% of total imports. The second position in the ranking was taken by Sri Lanka ($X), with a 15% share of total imports. It was followed by Pakistan, with a 4.9% share.

In India, paper sack and bag imports remained relatively stable over the period from 2012-2021. In the other countries, the average annual rates were as follows: Sri Lanka (+20.5% per year) and Pakistan (-0.9% per year).

Import Prices by Country

In 2021, the import price in Southern Asia amounted to $X per ton, rising by 13% against the previous year. Overall, the import price, however, showed a slight reduction. The pace of growth was the most pronounced in 2014 when the import price increased by 31% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Sri Lanka ($X per ton), while Nepal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (+5.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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