Germany: Cotton Bag Market 2024

Cotton Bag Market Size in Germany

In 2023, after four years of decline, there was significant growth in the German cotton bag market, when its value increased by X% to $X. Over the period under review, the total consumption indicated a moderate expansion 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. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2023, consumption failed to regain momentum.

Cotton Bag Production in Germany

In value terms, cotton bag production rose slightly to $X in 2023 estimated in export price. Over the period under review, the total production indicated measured growth 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 2016 indices. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2023, production growth remained at a lower figure.

Cotton Bag Exports

Exports from Germany

In 2023, overseas shipments of sacks and bags of cotton decreased by X% to X tons for the first time since 2019, thus ending a three-year rising trend. In general, exports, however, saw a buoyant increase. The pace of growth appeared the most rapid in 2022 when exports increased by X%. As a result, the exports attained the peak of X tons, and then fell dramatically in the following year.

In value terms, cotton bag exports reduced to $X in 2023. Over the period under review, exports, however, posted a resilient increase. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2016; however, from 2017 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Poland (X tons), France (X tons) and Austria (X tons) were the main destinations of cotton bag exports from Germany, with a combined X% share of total exports. Serbia, Switzerland, the Czech Republic, Spain, the Netherlands, Italy, the UK, Belgium, the United States and Ukraine lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest markets for cotton bag exported from Germany were Serbia ($X), Austria ($X) and Switzerland ($X), with a combined X% share of total exports. Poland, France, the Czech Republic, Italy, the Netherlands, the UK, Spain, Belgium, the United States and Ukraine lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, the Czech Republic, 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

In 2023, the average cotton bag export price amounted to $X per ton, jumping by X% against the previous year. In general, the export price, however, continues to indicate a slight setback. The most prominent rate of growth was recorded in 2019 when the average export price increased by X%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to France ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cotton Bag Imports

Imports into Germany

In 2023, approx. X tons of sacks and bags of cotton were imported into Germany; rising by X% compared with the previous year's figure. Over the period under review, imports posted a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, cotton bag imports shrank to $X in 2023. The total import value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2022 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then dropped in the following year.

Imports by Country

China (X tons), India (X tons) and Pakistan (X tons) were the main suppliers of cotton bag imports to Germany, with a combined X% share of total imports. The Netherlands, Turkey, Bulgaria, France, Italy, Poland, Bangladesh, the UK and the Czech Republic lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest cotton bag suppliers to Germany were China ($X), India ($X) and Pakistan ($X), with a combined X% share of total imports. The Netherlands, Turkey, Bulgaria, Italy, France, Poland, the UK, Bangladesh and the Czech Republic lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, the Czech Republic, with a CAGR of X%, saw the highest growth rate of 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

In 2023, the average cotton bag import price amounted to $X per ton, falling by X% against the previous year. Over the period under review, the import price recorded a abrupt setback. The pace of growth was the most pronounced in 2021 when the average import price increased by X%. The import price peaked at $X per ton in 2014; however, from 2015 to 2023, 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 the UK ($X per ton), while the price for Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the UK (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform