South Africa - Plastic Sacks And Bags - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPlastic Bag Price in South Africa - 2023
Contents:
- Plastic Bag Price in South Africa (FOB) - 2023
- Plastic Bag Price in South Africa (CIF) - 2023
- Plastic Bag Exports in South Africa
- Plastic Bag Imports in South Africa
Plastic Bag Price in South Africa (FOB) - 2023
In September 2023, the average plastic bag export price amounted to $910 per ton, falling by -72.2% against the previous month. Overall, the export price continues to indicate a abrupt shrinkage. The growth pace was the most rapid in November 2022 an increase of 37% against the previous month. As a result, the export price reached the peak level of $3,717 per ton. From December 2022 to September 2023, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($6,785 per ton), while the average price for exports to Namibia ($313 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+6.7%), while the prices for the other major destinations experienced more modest paces of growth.
Plastic Bag Price in South Africa (CIF) - 2023
The average plastic bag import price stood at $3,757 per ton in September 2023, dropping by -5.8% against the previous month. In general, the import price showed a slight contraction. The most prominent rate of growth was recorded in June 2023 when the average import price increased by 20% m-o-m. Over the period under review, average import prices hit record highs at $4,782 per ton in December 2022; however, from January 2023 to September 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Israel ($7,619 per ton), while the price for Lesotho ($1,285 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by India (+1.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Plastic Bag Exports in South Africa
In 2022, after three years of growth, there was significant decline in overseas shipments of plastic sacks and bags, when their volume decreased by -6.8% to 27K tons. The total export volume increased at an average annual rate of +1.8% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 10% against the previous year. As a result, the exports attained the peak of 29K tons, and then dropped in the following year.
In value terms, plastic bag exports expanded markedly to $80M in 2022. The total export value increased at an average annual rate of +5.5% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 17%. The exports peaked in 2022 and are expected to retain growth in the near future.
Export of Plastic Bag in South Africa (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 6.6 | 16.2 | 16.9 | 20.2 | 45.2% |
Namibia | 12.8 | 10.4 | 12.8 | 11.7 | -3.0% |
Swaziland | 8.1 | 7.5 | 9.9 | 8.9 | 3.2% |
Mozambique | 8.9 | 6.5 | 6.7 | 5.8 | -13.3% |
Botswana | 4.8 | 4.5 | 5.8 | 5.1 | 2.0% |
Lesotho | 3.5 | 3.1 | 4.0 | 4.2 | 6.3% |
Zambia | 3.2 | 3.0 | 3.5 | 4.2 | 9.5% |
United Kingdom | N/A | 0.1 | 0.2 | 1.2 | 246.4% |
Democratic Republic of the Congo | 3.2 | 0.5 | 0.6 | 0.6 | -42.8% |
Others | 16.9 | 13.0 | 15.3 | 18.0 | 2.1% |
Total | 68.0 | 64.9 | 75.8 | 79.9 | 5.5% |
Top Export Markets for Plastic Bag from South Africa in 2022:
- United States (6.3K tons)
- Namibia (3.8K tons)
- Swaziland (3.0K tons)
- Mozambique (2.9K tons)
- Botswana (2.2K tons)
- Lesotho (1.8K tons)
- United Kingdom (1.4K tons)
- Zambia (1.0K tons)
- Democratic Republic of the Congo (0.1K tons)
Plastic Bag Imports in South Africa
In 2022, imports of plastic sacks and bags into South Africa soared to 20K tons, with an increase of 21% compared with 2021 figures. The total import volume increased at an average annual rate of +6.5% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, plastic bag imports skyrocketed to $78M in 2022. The total import value increased at an average annual rate of +10.5% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Plastic Bag in South Africa (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 13.8 | 15.6 | 17.3 | 21.0 | 15.0% |
Israel | 5.9 | 4.2 | 4.9 | 7.9 | 10.2% |
Italy | 4.9 | 5.7 | 5.7 | 6.1 | 7.6% |
Mauritius | 0.2 | 0.1 | 0.1 | 4.9 | 190.4% |
Turkey | 2.1 | 2.9 | 3.5 | 4.6 | 29.9% |
India | 3.0 | 3.1 | 4.9 | 3.4 | 4.3% |
Swaziland | 3.0 | 2.3 | 2.7 | 2.6 | -4.7% |
United Arab Emirates | 0.1 | N/A | 0.1 | 2.5 | 192.4% |
Botswana | 2.3 | 2.6 | 2.6 | 2.5 | 2.8% |
Malaysia | 2.6 | 3.4 | 2.2 | 2.4 | -2.6% |
Lesotho | 0.2 | 0.7 | 1.0 | 1.8 | 108.0% |
Thailand | 1.7 | 1.9 | 1.1 | 1.6 | -2.0% |
Namibia | 0.7 | 0.8 | 1.0 | 0.9 | 8.7% |
Others | 17.2 | 14.6 | 17.2 | 15.6 | -3.2% |
Total | 57.7 | 57.8 | 64.2 | 77.9 | 10.5% |
Top Suppliers of Plastic Bag to South Africa in 2022:
- China (5.8K tons)
- United Arab Emirates (1.8K tons)
- Lesotho (1.4K tons)
- Turkey (1.2K tons)
- Israel (1.2K tons)
- India (1.2K tons)
- Swaziland (1.1K tons)
- Botswana (1.0K tons)
- Mauritius (0.8K tons)
- Italy (0.7K tons)
- Malaysia (0.6K tons)
- Namibia (0.5K tons)
- Thailand (0.4K tons)
This report provides an in-depth analysis of the plastic bag market in South Africa. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 22221100 - Sacks and bags of polymers of ethylene (including cones)
- Prodcom 22221200 - Plastic sacks and bags (including cones) (excluding of polymers of ethylene)
Country coverage:
- South Africa
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in South Africa
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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