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Malaysia - Sacks And Bags - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSack and Bag Price in Malaysia - 2021
Contents:
- Sack and Bag Price in Malaysia (CIF) - 2022
- Sack and Bag Price in Malaysia (FOB) - 2022
- Sack and Bag Imports in Malaysia
- Sack and Bag Exports in Malaysia
Sack and Bag Price in Malaysia (CIF) - 2022
The average sack and bag import price stood at $2,188 per ton in 2022, with a decrease of -5.1% against the previous year. Overall, the import price saw a deep downturn. The pace of growth was the most pronounced in 2019 when the average import price increased by 16% against the previous year. The import price peaked at $3,992 per ton in 2013; however, from 2014 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 China ($2,720 per ton), while the price for Singapore ($499 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (-0.5%), while the prices for the other major suppliers experienced a decline.
Sack and Bag Price in Malaysia (FOB) - 2022
The average sack and bag export price stood at $1,905 per ton in 2022, which is down by -5.8% against the previous year. In general, the export price saw a noticeable slump. The pace of growth appeared the most rapid in 2013 an increase of 42% against the previous year. As a result, the export price reached the peak level of $4,334 per ton. From 2014 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($3,424 per ton), while the average price for exports to Togo ($273 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 Thailand (+3.9%), while the prices for the other major destinations experienced mixed trend patterns.
Sack and Bag Imports in Malaysia
In 2022, approx. 34K tons of sacks and bags were imported into Malaysia; with an increase of 21% on the year before. In general, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +6.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -15.9% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 42%. As a result, imports attained the peak of 41K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, sack and bag imports rose significantly to $75M in 2022. The total import value increased at an average annual rate of +2.5% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 21% against the previous year. As a result, imports attained the peak of $85M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
Import of Sack and Bag in Malaysia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 36.7 | 52.3 | 46.2 | 67.4 | 22.5% |
India | 2.9 | 3.1 | 1.5 | 2.6 | -3.6% |
Australia | N/A | 0.1 | 0.1 | 0.9 | 200.0% |
Japan | 0.8 | 0.2 | 0.1 | 0.9 | 4.0% |
United States | 2.3 | 0.5 | 0.4 | 0.9 | -26.9% |
Singapore | 0.4 | 0.4 | 0.2 | 0.4 | 0.0% |
South Korea | 0.6 | 0.4 | 0.3 | 0.4 | -12.6% |
Thailand | 4.7 | 4.7 | 2.2 | N/A | -31.6% |
Vietnam | 15.3 | 16.5 | 8.5 | N/A | -25.5% |
Indonesia | 4.2 | 4.3 | 2.5 | N/A | -22.8% |
Others | 2.3 | 2.6 | 3.7 | 1.9 | -6.2% |
Total | 70.1 | 85.1 | 65.8 | 75.4 | 2.5% |
Top Suppliers of Sack and Bag to Malaysia in 2022:
- China (24.8K tons)
- India (2.2K tons)
- Japan (0.9K tons)
- Singapore (0.8K tons)
- Australia (0.5K tons)
- United States (0.5K tons)
- South Korea (0.5K tons)
Sack and Bag Exports in Malaysia
In 2022, after three years of growth, there was significant decline in overseas shipments of sacks and bags, when their volume decreased by -6.3% to 5.5K tons. The total export volume increased at an average annual rate of +6.4% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 15% against the previous year.
In value terms, sack and bag exports contracted to $10M in 2022. The total export value increased at an average annual rate of +7.1% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 31%. As a result, the exports reached the peak of $12M, and then declined in the following year.
Export of Sack and Bag in Malaysia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Singapore | 2,839 | 1,973 | 2,558 | 5,270 | 22.9% |
Belgium | 68.3 | 60.4 | 246 | 698 | 117.0% |
India | 479 | 529 | 306 | 572 | 6.1% |
Norway | 57.1 | 89.9 | 397 | 424 | 95.1% |
United States | 76.9 | 313 | 415 | 278 | 53.5% |
United Kingdom | 12.7 | 144 | 171 | 238 | 165.6% |
Togo | N/A | N/A | N/A | 97.9 | 0% |
Thailand | 495 | 1,501 | 2,086 | N/A | 105.3% |
Indonesia | 1,545 | 2,040 | 3,678 | N/A | 54.3% |
Others | 2,957 | 2,437 | 2,004 | 2,896 | -0.7% |
Total | 8,530 | 9,088 | 11,861 | 10,475 | 7.1% |
Top Export Markets for Sack and Bag from Malaysia in 2022:
- India (2042.2 tons)
- Singapore (1739.7 tons)
- Togo (359.1 tons)
- Belgium (209.0 tons)
- Norway (158.7 tons)
- United Kingdom (102.1 tons)
- United States (81.1 tons)
This report provides an in-depth analysis of the sack and bag market in Malaysia. 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:
- Malaysia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Malaysia
- 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
-
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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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...