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Philippines - Sacks and Bags - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPhilippines: Sack And Bag Market 2024
Sack And Bag Market Size in the Philippines
The Philippine sack and bag market skyrocketed to $X in 2023, picking up by X% against the previous year. Over the period under review, consumption recorded prominent growth. Sack and bag consumption peaked at $X in 2021; however, from 2022 to 2023, consumption stood at a somewhat lower figure.
Sack And Bag Production in the Philippines
In value terms, sack and bag production rose rapidly to $X in 2023 estimated in export price. Over the period under review, production continues to indicate strong growth. The growth pace was the most rapid in 2021 with an increase of X%. As a result, production attained the peak level of $X. From 2022 to 2023, production growth remained at a lower figure.
Sack And Bag Exports
Exports from the Philippines
In 2023, overseas shipments of sacks and bags decreased by X% to X tons, falling for the second year in a row after three years of growth. Over the period under review, exports recorded a perceptible slump. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. The exports peaked at X tons in 2021; however, from 2022 to 2023, the exports remained at a lower figure.
In value terms, sack and bag exports declined notably to $X in 2023. In general, total exports indicated a modest expansion from 2012 to 2023: its value 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 2023 figures, exports decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.
Exports by Country
The United States (X tons), the Netherlands (X tons) and Australia (X tons) were the main destinations of sack and bag exports from the Philippines, together accounting for X% of total exports. New Zealand, Canada, Italy and Japan lagged somewhat behind, together comprising a further X%.
From 2012 to 2023, the biggest increases were recorded for Canada (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.
In value terms, the United States ($X), the Netherlands ($X) and Australia ($X) constituted the largest markets for sack and bag exported from the Philippines worldwide, with a combined X% share of total exports. New Zealand, Canada, Japan and Italy lagged somewhat behind, together accounting for a further X%.
In terms of the main countries of destination, Canada, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Export Prices by Country
The average sack and bag export price stood at $X per ton in 2023, therefore, remained relatively stable against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2023, the average export prices remained at a somewhat lower figure.
Average prices varied somewhat for the major overseas markets. In 2023, amid the top suppliers, the highest price was recorded for prices to the United States ($X per ton) and Japan ($X per ton), while the average price for exports to Australia ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.
Sack And Bag Imports
Imports into the Philippines
In 2023, supplies from abroad of sacks and bags was finally on the rise to reach X tons for the first time since 2020, thus ending a two-year declining trend. Over the period under review, imports showed a mild increase. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2023, imports failed to regain momentum.
In value terms, sack and bag imports skyrocketed to $X in 2023. Overall, imports recorded a significant increase. The growth pace was the most rapid in 2013 when imports increased by X%. Over the period under review, imports hit record highs in 2023 and are likely to see gradual growth in the immediate term.
Imports by Country
Vietnam (X tons), China (X tons) and Thailand (X tons) were the main suppliers of sack and bag imports to the Philippines, with a combined X% share of total imports. Indonesia and India lagged somewhat behind, together accounting for a further X%.
From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.
In value terms, the largest sack and bag suppliers to the Philippines were China ($X), Vietnam ($X) and Thailand ($X), with a combined X% share of total imports. Indonesia and India lagged somewhat behind, together accounting for a further X%.
Among the main suppliers, India, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices by Country
The average sack and bag import price stood at $X per ton in 2023, increasing by X% against the previous year. In general, the import price enjoyed significant growth. The pace of growth was the most pronounced in 2018 when the average import price increased by X% against the previous year. The import price peaked in 2023 and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
This report provides an in-depth analysis of the sack and bag market in the Philippines. 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:
- Philippines
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Philippines
- 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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