United Arab Emirates: Sack And Bag Market 2024

Sack And Bag Market Size in the United Arab Emirates

The sack and bag market in the United Arab Emirates was estimated at $X in 2022, therefore, remained relatively stable against the previous year. In general, consumption continues to indicate a remarkable increase. Sack and bag consumption peaked in 2022 and is expected to retain growth in the near future.

Sack And Bag Production in the United Arab Emirates

In value terms, sack and bag production contracted dramatically to $X in 2022 estimated in export price. In general, production recorded a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of X%. Sack and bag production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Sack And Bag Exports

Exports from the United Arab Emirates

In 2022, approx. X tons of sacks and bags were exported from the United Arab Emirates; rising by X% compared with the previous year's figure. Over the period under review, exports recorded resilient growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, sack and bag exports soared to $X in 2022. Overall, exports showed a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Sudan (X tons), Pakistan (X tons) and South Sudan (X tons) were the main destinations of sack and bag exports from the United Arab Emirates, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Sudan (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for sack and bag exported from the United Arab Emirates were Qatar ($X), Sudan ($X) and South Sudan ($X), with a combined X% share of total exports.

Among the main countries of destination, Sudan, with a CAGR of X%, 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 2022, the average sack and bag export price amounted to $X per ton, surging by X% against the previous year. Over the period under review, export price indicated a mild increase from 2012 to 2022: its price 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, sack and bag export price increased by X% against 2020 indices. The growth pace was the most rapid in 2021 an increase of X%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($X per ton), while the average price for exports to Tanzania ($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 Qatar (X%), while the prices for the other major destinations experienced mixed trend patterns.

Sack And Bag Imports

Imports into the United Arab Emirates

For the third consecutive year, the United Arab Emirates recorded growth in overseas purchases of sacks and bags, which increased by X% to X tons in 2022. Overall, imports continue to indicate a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, sack and bag imports skyrocketed to $X in 2022. Over the period under review, total imports indicated a strong 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, imports increased by X% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

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

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

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

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

Import Prices by Country

In 2022, the average sack and bag import price amounted to $X per ton, reducing by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :