Bangladesh - Sacks And Bags - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSack and Bag Price in Bangladesh - 2022
Contents:
- Sack and Bag Price in Bangladesh (FOB) - 2022
- Sack and Bag Price in Bangladesh (CIF) - 2022
- Sack and Bag Exports in Bangladesh
- Sack and Bag Imports in Bangladesh
Sack and Bag Price in Bangladesh (FOB) - 2022
The average sack and bag export price stood at $2,209 per ton in 2022, growing by 2% against the previous year. In general, export price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.9% 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 +39.0% against 2019 indices. The pace of growth appeared the most rapid in 2017 when the average export price increased by 36% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($3,283 per ton), while the average price for exports to Indonesia ($1,145 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 Kenya (+2.5%), while the prices for the other major destinations experienced mixed trend patterns.
Sack and Bag Price in Bangladesh (CIF) - 2022
In 2022, the average sack and bag import price amounted to $2,458 per ton, which is down by -20.1% against the previous year. In general, the import price recorded a noticeable reduction. The pace of growth appeared the most rapid in 2018 an increase of 70%. Over the period under review, average import prices attained the peak figure at $3,682 per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($4,302 per ton), while the price for India ($1,090 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cameroon (+58.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Sack and Bag Exports in Bangladesh
In 2022, overseas shipments of sacks and bags decreased by -13% to 72K tons, falling for the second consecutive year after two years of growth. In general, exports continue to indicate a mild decline. The growth pace was the most rapid in 2020 when exports increased by 12%. As a result, the exports attained the peak of 85K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, sack and bag exports fell to $160M in 2022. Over the period under review, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +9.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +32.8% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 30%. As a result, the exports attained the peak of $180M, and then dropped in the following year.
Export of Sack and Bag in Bangladesh (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Netherlands | 25.6 | 27.0 | 39.7 | 26.2 | 0.8% |
France | 13.0 | 12.6 | 20.0 | 17.1 | 9.6% |
India | 17.9 | 26.5 | 17.3 | 15.6 | -4.5% |
Germany | 5.7 | 5.6 | 8.4 | 8.2 | 12.9% |
Spain | 6.1 | 4.6 | 7.0 | 7.5 | 7.1% |
United Kingdom | 5.0 | 5.0 | 8.8 | 6.8 | 10.8% |
United States | 3.1 | 5.5 | 7.2 | 6.7 | 29.3% |
Indonesia | 4.7 | 2.8 | 5.4 | 6.7 | 12.5% |
Canada | 3.4 | 2.9 | 4.9 | 6.2 | 22.2% |
Tanzania | 0.1 | 2.3 | 0.8 | 4.7 | 260.9% |
Cote d'Ivoire | 1.1 | 2.0 | 2.8 | 4.4 | 58.7% |
United Arab Emirates | 0.2 | 0.4 | 1.2 | 3.0 | 146.6% |
Kenya | 2.0 | 2.3 | 2.8 | 2.2 | 3.2% |
Others | 32.7 | 38.9 | 54.2 | 44.9 | 11.1% |
Total | 121 | 138 | 180 | 160 | 9.8% |
Top Export Markets for Sack and Bag from Bangladesh in 2022:
- India (12.6K tons)
- Netherlands (8.7K tons)
- France (5.9K tons)
- Indonesia (5.8K tons)
- Tanzania (3.1K tons)
- Germany (2.6K tons)
- Spain (2.4K tons)
- Canada (2.3K tons)
- United Kingdom (2.3K tons)
- Cote d'Ivoire (2.2K tons)
- United States (2.0K tons)
- United Arab Emirates (1.6K tons)
- Kenya (1.4K tons)
Sack and Bag Imports in Bangladesh
In 2022, the amount of sacks and bags imported into Bangladesh soared to 2.2K tons, jumping by 29% against 2021 figures. Over the period under review, imports recorded significant growth. The pace of growth was the most pronounced in 2021 with an increase of 129% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, sack and bag imports rose slightly to $5.3M in 2022. Overall, imports enjoyed a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 189%. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the near future.
Import of Sack and Bag in Bangladesh (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Cote d'Ivoire | 242 | 402 | 376 | 1,997 | 102.1% |
China | 450 | 571 | 2,212 | 1,819 | 59.3% |
India | 8.1 | 8.2 | 153 | 343 | 248.6% |
Benin | N/A | 20.9 | 177 | 288 | 271.2% |
Madagascar | 46.9 | 3.0 | 53.9 | 196 | 61.1% |
Cameroon | 222 | N/A | 1,223 | N/A | 134.7% |
Democratic Republic of the Congo | 488 | 243 | 433 | N/A | -5.8% |
Others | 968 | 542 | 540 | 692 | -10.6% |
Total | 2,425 | 1,791 | 5,169 | 5,335 | 30.1% |
Top Suppliers of Sack and Bag to Bangladesh in 2022:
- Cote d'Ivoire (1044.8 tons)
- China (422.7 tons)
- India (314.3 tons)
- Benin (204.7 tons)
- Madagascar (117.2 tons)
This report provides an in-depth analysis of the sack and bag market in Bangladesh. 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 13922130 - Sacks and bags, of cotton, used for packing goods
- Prodcom 13922150 - Sacks and bags, of knitted or crocheted polyethylene or polypropylene strip, used for packing goods
- Prodcom 13922173 -
- Prodcom 13922175 -
- Prodcom 13922190 - Sacks and bags, used for packing goods (excluding of cotton, p olyethylene or polypropylene strip)
Country coverage:
- Bangladesh
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Bangladesh
- 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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This report provides an in-depth analysis of the global sack and bag market.
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Explore the top import markets for sack and bags in 2023. Learn about the key countries driving global demand for these products.
In 2016, the amount of sack and bag imported worldwide amounted to X tons, approximately equating the previous year level. The total import volume increased at an average annual rate of +X% ove...
In 2016, the amount of sack and bag imported worldwide amounted to X tons, approximately equating the previous year level. The total import volume increased at an average annual rate of +X% ove...
Explore the top import markets for sack and bags in 2023. Learn about the key countries driving global demand for these products.
In 2016, the amount of sack and bag imported worldwide amounted to X tons, approximately equating the previous year level. The total import volume increased at an average annual rate of +X% ove...
In 2016, the amount of sack and bag imported worldwide amounted to X tons, approximately equating the previous year level. The total import volume increased at an average annual rate of +X% ove...