Hong Kong SAR, China - Sacks And Bags Of Cotton - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCotton Bag Price in Hong Kong SAR - 2023
Contents:
- Cotton Bag Price in Hong Kong SAR (FOB) - 2023
- Cotton Bag Price in Hong Kong SAR (CIF) - 2023
- Cotton Bag Exports in Hong Kong SAR
- Cotton Bag Imports in Hong Kong SAR
Cotton Bag Price in Hong Kong SAR (FOB) - 2023
In June 2023, the average cotton bag export price amounted to $20,739 per ton, surging by 5.4% against the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +2.0%. The most prominent rate of growth was recorded in October 2022 when the average export price increased by 21% month-to-month. The export price peaked at $21,746 per ton in November 2022; however, from December 2022 to June 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In June 2023, the country with the highest price was China ($40,372 per ton), while the average price for exports to Macao SAR ($12,249 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+9.6%), while the prices for the other major destinations experienced more modest paces of growth.
Cotton Bag Price in Hong Kong SAR (CIF) - 2023
The average cotton bag import price stood at $12,403 per ton in June 2023, with an increase of 8.4% against the previous month. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in February 2023 an increase of 96% month-to-month. The import price peaked at $15,779 per ton in April 2023; however, from May 2023 to June 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was India ($18,751 per ton), while the price for China ($9,074 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by China (+2.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Cotton Bag Exports in Hong Kong SAR
Cotton bag exports from Hong Kong SAR fell markedly to 263 tons in 2022, with a decrease of -21.7% against 2021. Overall, total exports indicated a moderate expansion from 2019 to 2022: its volume increased at an average annual rate of +2.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +13.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 45%. As a result, the exports attained the peak of 336 tons, and then fell dramatically in the following year.
In value terms, cotton bag exports contracted significantly to $4.4M in 2022. The total export value increased at an average annual rate of +1.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 39%. As a result, the exports reached the peak of $5.6M, and then contracted significantly in the following year.
| Export of Cotton Bag in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,827 | 1,763 | 2,399 | 1,293 | -10.9% |
| Bangladesh | 849 | 517 | 475 | 543 | -13.8% |
| Vietnam | 98.3 | 462 | 450 | 450 | 66.0% |
| Cambodia | 81.2 | 66.8 | 317 | 390 | 68.7% |
| Indonesia | 25.5 | 228 | 540 | 266 | 118.5% |
| United States | 393 | 397 | 298 | 207 | -19.2% |
| Germany | 333 | 111 | 69.1 | 93.7 | -34.5% |
| United Kingdom | 53.1 | 20.8 | 70.4 | 52.9 | -0.1% |
| Macao SAR | 129 | 87.7 | 139 | 43.3 | -30.5% |
| Others | 459 | 378 | 847 | 1,057 | 32.1% |
| Total | 4,247 | 4,030 | 5,605 | 4,395 | 1.1% |
Top Export Markets for Cotton Bag from Hong Kong SAR in 2022:
- China (86.7 tons)
- Bangladesh (31.1 tons)
- Vietnam (25.8 tons)
- Cambodia (25.6 tons)
- Indonesia (16.9 tons)
- United States (15.5 tons)
- United Kingdom (12.1 tons)
- Germany (4.1 tons)
- Macao SAR (1.3 tons)
Cotton Bag Imports in Hong Kong SAR
In 2022, imports of sacks and bags of cotton into Hong Kong SAR rose notably to 297 tons, growing by 6.6% against 2021 figures. Over the period under review, imports posted a significant expansion. The growth pace was the most rapid in 2020 with an increase of 143%. As a result, imports attained the peak of 310 tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, cotton bag imports stood at $2.7M in 2022. Overall, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +26.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +103.2% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 95%. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the immediate term.
| Import of Cotton Bag in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 628 | 1,539 | 1,736 | 1,176 | 23.3% |
| India | 126 | 391 | 342 | 1,026 | 101.2% |
| Italy | 236 | 133 | 273 | 251 | 2.1% |
| France | 111 | 165 | 93.1 | 111 | 0.0% |
| Vietnam | N/A | 201 | 12.0 | 38.3 | -56.3% |
| Others | 216 | 140 | 214 | 73.7 | -30.1% |
| Total | 1,317 | 2,569 | 2,671 | 2,676 | 26.7% |
Top Suppliers of Cotton Bag to Hong Kong SAR in 2022:
- China (211.0 tons)
- India (66.9 tons)
- Italy (7.4 tons)
- France (5.3 tons)
- Vietnam (3.3 tons)
This report provides an in-depth analysis of the cotton bag market in Hong Kong SAR, China. 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
Country coverage:
- Hong Kong SAR
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hong Kong SAR, China
- 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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In January 2023, Cotton Bag exports experienced a significant growth rate of 107% month-on-month. However, in November 2023, the value of Cotton Bag exports sharply decreased to $249K.
232
The sack and bag exports experienced a remarkable growth rate in April 2023, with a month-to-month increase of 106%. However, the value of these exports declined to $729K in June 2023.
73
Explore the top import markets for sack and bags in 2023. Learn about the key countries driving global demand for these products.
653
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...
892
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...
47
In January 2023, Cotton Bag exports experienced a significant growth rate of 107% month-on-month. However, in November 2023, the value of Cotton Bag exports sharply decreased to $249K.
232
The sack and bag exports experienced a remarkable growth rate in April 2023, with a month-to-month increase of 106%. However, the value of these exports declined to $729K in June 2023.
73
Explore the top import markets for sack and bags in 2023. Learn about the key countries driving global demand for these products.
653
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...
892
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...
