Cyprus: Sack And Bag Market 2020

Sack And Bag Market Size in Cyprus

The revenue of the sack and bag market in Cyprus amounted to $X in 2018, jumping by X% against the previous year. In general, sack and bag consumption continues to indicate a strong increase. The pace of growth appeared the most rapid in 2010 when the market value increased by X% against the previous year. Cyprus sack and bag consumption peaked at $X in 2011; however, from 2012 to 2018, consumption failed to regain its momentum.

Sack And Bag Production in Cyprus

In value terms, sack and bag production stood at $X in 2018 estimated in export prices. In general, sack and bag production, however, continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2015 with an increase of X% year-to-year. Over the period under review, sack and bag production attained its maximum level at $X in 2017, and then declined slightly in the following year.

Sack And Bag Exports

Exports from Cyprus

Sack and bag exports from Cyprus stood at X tons in 2018, surging by X% against the previous year. In general, sack and bag exports continue to indicate a skyrocketing increase. The pace of growth appeared the most rapid in 2018 with an increase of X% year-to-year. In that year, sack and bag exports attained their peak and are likely to continue its growth in the immediate term.

In value terms, sack and bag exports stood at $X in 2018. Overall, sack and bag exports continue to indicate a skyrocketing increase. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. In that year, sack and bag exports reached their peak and are likely to continue its growth in the immediate term.

Exports by Country

In 2018, China (X tons), distantly followed by India (X tons), Vietnam (X tons) and Turkey (X tons) were the key exporters of sacks and bags, together constituting X% of total exports. The following exporters - Bangladesh (X tons), Thailand (X tons), Mexico (X tons), Belgium (X tons) and Indonesia (X tons) - together made up X% of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Cyprus, while the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the largest sack and bag supplier from Cyprus, comprising X% of global exports. The second position in the ranking was occupied by India ($X), with a X% share of global exports. It was followed by Vietnam, with a X% share.

In China, sack and bag exports expanded at an average annual rate of +X% over the period from 2007-2018. The remaining exporting countries recorded the following average annual rates of exports growth: India (+X% per year) and Vietnam (+X% per year).

Export Prices by Country

In 2018, the sack and bag export price in Cyprus amounted to $X per ton, going down by -X% against the previous year. Overall, the sack and bag export price continues to indicate a slight downturn. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. In that year, the export prices for sacks and bags attained their peak level of $X per ton, and then declined slightly in the following year.

Prices varied noticeably by the country of origin; the country with the highest price was Turkey ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Bangladesh, while the other leaders experienced more modest paces of growth.

Sack And Bag Imports

Imports into Cyprus

In 2018, the amount of sacks and bags imported into Cyprus totaled X tons, going up by X% against the previous year. Overall, sack and bag imports continue to indicate a moderate increase. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Cyprus imports peaked at X tons in 2011; however, from 2012 to 2018, imports stood at a somewhat lower figure.

In value terms, sack and bag imports amounted to $X in 2018. Overall, sack and bag imports continue to indicate a resilient expansion. The growth pace was the most rapid in 2010 with an increase of X% against the previous year. Cyprus imports peaked at $X in 2011; however, from 2012 to 2018, imports stood at a somewhat lower figure.

Imports by Country

The imports of the three major importers of sacks and bags, namely the U.S., Japan and South Korea, represented more than fourth of total import. Germany (X tons) occupied the next position in the ranking, followed by the Netherlands (X tons). All these countries together took near X% share of total imports. The following importers - Russia (X tons), France (X tons), Belgium (X tons), Spain (X tons), the UK (X tons), Italy (X tons) and Australia (X tons) - together made up X% of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by the Netherlands, while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), Japan ($X) and Germany ($X) were the countries with the highest levels of imports in 2018, with a combined X% share of total imports. These countries were followed by South Korea, France, the Netherlands, the UK, Belgium, Spain, Italy, Australia, Russia and Cyprus, which together accounted for a further X Korea recorded the highest rates of growth with regard to imports, in terms of the main importing countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The sack and bag import price in Cyprus stood at $X per ton in 2018, going up by X% against the previous year. Over the period under review, the import price indicated moderate growth from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, sack and bag import price increased by +X% against 2014 indices. The most prominent rate of growth was recorded in 2015 when the import price increased by X% y-o-y. Over the period under review, the import prices for sacks and bags reached their peak figure in 2018 and is expected to retain its growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was France ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Australia, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform