United Arab Emirates: Cotton Bag Market 2024

Cotton Bag Market Size in the United Arab Emirates

In 2021, the cotton bag market in the United Arab Emirates decreased by -40.1% to $X, falling for the second year in a row after two years of growth. In general, consumption recorded a dramatic shrinkage. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Cotton Bag Production in the United Arab Emirates

In value terms, cotton bag production reduced rapidly to $X in 2021 estimated in export price. In general, production recorded a sharp shrinkage. Over the period under review, production attained the maximum level at $X in 2016; however, from 2017 to 2021, production stood at a somewhat lower figure.

Cotton Bag Exports

Exports from the United Arab Emirates

In 2021, after two years of growth, there was significant decline in shipments abroad of sacks and bags of cotton, when their volume decreased by -11.6% to X tons. Over the period under review, exports, however, continue to indicate resilient growth. The pace of growth appeared the most rapid in 2020 with an increase of 219%. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, cotton bag exports skyrocketed to $X in 2021. Overall, exports, however, recorded a resilient increase. The pace of growth appeared the most rapid in 2020 when exports increased by 179%. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

Oman (X tons) was the main destination for cotton bag exports from the United Arab Emirates, accounting for a 70% share of total exports. Moreover, cotton bag exports to Oman exceeded the volume sent to the second major destination, Pakistan (X tons), sixfold. The third position in this ranking was taken by Seychelles (X tons), with a 9.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Oman amounted to +41.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Pakistan (+23.9% per year) and Seychelles (+18.4% per year).

In value terms, Oman ($X) remains the key foreign market for sacks and bags of cotton exports from the United Arab Emirates, comprising 71% of total exports. The second position in the ranking was taken by Seychelles ($X), with a 13% share of total exports. It was followed by Saudi Arabia, with a 10% share.

From 2012 to 2021, the average annual growth rate of value to Oman totaled +43.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Seychelles (+11.6% per year) and Saudi Arabia (0.0% per year).

Export Prices by Country

In 2021, the average cotton bag export price amounted to $X per ton, rising by 88% against the previous year. In general, the export price saw tangible growth. The pace of growth appeared the most rapid in 2017 an increase of 94% against the previous year. The export price peaked in 2021 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Zambia ($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 Democratic Republic of the Congo (+29.7%), while the prices for the other major destinations experienced more modest paces of growth.

Cotton Bag Imports

Imports into the United Arab Emirates

Cotton bag imports into the United Arab Emirates fell remarkably to X tons in 2021, which is down by -55.2% compared with the previous year's figure. In general, imports saw a sharp slump. The most prominent rate of growth was recorded in 2019 with an increase of 38% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, cotton bag imports soared to $X in 2021. Overall, imports faced a abrupt decline. The pace of growth appeared the most rapid in 2016 when imports increased by 29%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, India (X tons) constituted the largest cotton bag supplier to the United Arab Emirates, accounting for a 46% share of total imports. Moreover, cotton bag imports from India exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. Pakistan (X tons) ranked third in terms of total imports with a 5.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from India amounted to -3.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+7.5% per year) and Pakistan (-45.9% per year).

In value terms, India ($X) constituted the largest supplier of sacks and bags of cotton to the United Arab Emirates, comprising 34% of total imports. The second position in the ranking was held by China ($X), with a 10% share of total imports. It was followed by France, with a 9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from India totaled +9.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+2.3% per year) and France (+45.3% per year).

Import Prices by Country

In 2021, the average cotton bag import price amounted to $X per ton, with an increase of 182% against the previous year. Over the period under review, the import price saw a significant expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+14.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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