Eastern Europe: Cotton Bag Market 2024

Cotton Bag Market Size in Eastern Europe

The East European cotton bag market rose sharply to $X in 2023, surging by X% against the previous year. The total consumption indicated a measured 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, consumption decreased by X% against 2021 indices. The level of consumption peaked at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Cotton Bag Production in Eastern Europe

In value terms, cotton bag production skyrocketed to $X in 2023 estimated in export price. The total production indicated a noticeable increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Cotton Bag Exports

Exports in Eastern Europe

In 2023, the amount of sacks and bags of cotton exported in Eastern Europe shrank markedly to X tons, which is down by X% compared with 2022 figures. Overall, exports, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The volume of export peaked at X tons in 2022, and then shrank significantly in the following year.

In value terms, cotton bag exports fell dramatically to $X in 2023. Over the period under review, exports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2022, and then fell markedly in the following year.

Exports by Country

In 2023, Poland (X tons), Romania (X tons) and Bulgaria (X tons) was the main exporter of sacks and bags of cotton in Eastern Europe, creating X% of total export. It was distantly followed by Moldova (X tons), constituting a X% share of total exports. Lithuania (X tons), Hungary (X tons) and the Czech Republic (X tons) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Bulgaria (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Bulgaria ($X) and Romania ($X) appeared to be the countries with the highest levels of exports in 2023, with a combined X% share of total exports.

Bulgaria, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2023, surging by X% against the previous year. In general, the export price, however, continues to indicate a mild reduction. The level of export peaked at $X per ton in 2014; however, from 2015 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Hungary ($X per ton), while Romania ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Poland (X%), while the other leaders experienced a decline in the export price figures.

Cotton Bag Imports

Imports in Eastern Europe

In 2023, purchases abroad of sacks and bags of cotton decreased by X% to X tons, falling for the second consecutive year after two years of growth. Overall, imports, however, recorded a temperate increase. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, cotton bag imports contracted remarkably to $X in 2023. In general, imports, however, enjoyed prominent growth. The growth pace was the most rapid in 2013 with an increase of X%. The level of import peaked at $X in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, Romania (X tons) was the main importer of sacks and bags of cotton, mixing up X% of total imports. Russia (X tons) ranks second in terms of the total imports with a X% share, followed by Poland (X%), Lithuania (X%), Bulgaria (X%), the Czech Republic (X%) and Estonia (X%).

Imports into Romania increased at an average annual rate of X% from 2012 to 2023. At the same time, Bulgaria (X%), Estonia (X%), Lithuania (X%), the Czech Republic (X%) and Poland (X%) displayed positive paces of growth. Moreover, Bulgaria emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2023. By contrast, Russia (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Romania, Bulgaria, Estonia, Lithuania and the Czech Republic increased by X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Romania ($X) constitutes the largest market for imported sacks and bags of cotton in Eastern Europe, comprising X% of total imports. The second position in the ranking was taken by Poland ($X), with a X% share of total imports. It was followed by Bulgaria, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Romania stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Poland (X% per year) and Bulgaria (X% per year).

Import Prices by Country

In 2023, the import price in Eastern Europe amounted to $X per ton, dropping by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The growth pace was the most rapid in 2013 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2016; however, from 2017 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Bulgaria ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Lithuania (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform