SADC: Cotton Bag Market 2024

Cotton Bag Market Size in SADC

The SADC cotton bag market was estimated at $X in 2023, picking up by X% against the previous year. Over the period under review, consumption continues to indicate prominent growth. Over the period under review, the market attained the maximum level at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Cotton Bag Production in SADC

In value terms, cotton bag production reached $X in 2023 estimated in export price. Overall, production continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

Cotton Bag Exports

Exports in SADC

In 2023, overseas shipments of sacks and bags of cotton increased by X% to X tons, rising for the second consecutive year after two years of decline. In general, exports, however, faced a deep setback. The pace of growth was the most pronounced in 2022 with an increase of X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, cotton bag exports skyrocketed to $X in 2023. Total exports indicated perceptible 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, exports increased by X% against 2021 indices. The most prominent rate of growth was recorded in 2014 when exports increased by X%. The level of export peaked at $X in 2019; however, from 2020 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

South Africa represented the main exporting country with an export of about X tons, which reached X% of total exports. It was distantly followed by Tanzania (X tons) and Namibia (X tons), together achieving a X% share of total exports. The following exporters - Zambia (X tons), Lesotho (X tons) and Madagascar (X tons) - together made up X% of total exports.

From 2012 to 2023, average annual rates of growth with regard to cotton bag exports from South Africa stood at X%. At the same time, Tanzania (X%) and Lesotho (X%) displayed positive paces of growth. Moreover, Tanzania emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2023. By contrast, Madagascar (X%), Zambia (X%) and Namibia (X%) illustrated a downward trend over the same period. Tanzania (X p.p.), Zambia (X p.p.) and Lesotho (X p.p.) significantly strengthened its position in terms of the total exports, while Namibia and South Africa saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest cotton bag supplier in SADC, comprising X% of total exports. The second position in the ranking was taken by Madagascar ($X), with a X% share of total exports. It was followed by Lesotho, with a X% share.

From 2012 to 2023, the average annual growth rate of value in South Africa totaled X%. In the other countries, the average annual rates were as follows: Madagascar (X% per year) and Lesotho (X% per year).

Export Prices by Country

The export price in SADC stood at $X per ton in 2023, picking up by X% against the previous year. Over the period under review, the export price showed resilient growth. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2022 to 2023, the export prices remained at a somewhat lower figure.

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

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

Cotton Bag Imports

Imports in SADC

In 2023, the amount of sacks and bags of cotton imported in SADC skyrocketed to X tons, growing by X% against 2022. Overall, imports enjoyed a slight expansion. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.

In value terms, cotton bag imports soared to $X in 2023. In general, imports, however, recorded a perceptible slump. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Zambia represented the largest importer of sacks and bags of cotton in SADC, with the volume of imports amounting to X tons, which was near X% of total imports in 2023. Tanzania (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Namibia (X%) and Botswana (X%). Democratic Republic of the Congo (X tons), South Africa (X tons) and Mauritius (X tons) followed a long way behind the leaders.

Imports into Zambia increased at an average annual rate of X% from 2012 to 2023. At the same time, Mauritius (X%) and Botswana (X%) displayed positive paces of growth. Moreover, Mauritius emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2023. Namibia experienced a relatively flat trend pattern. By contrast, Tanzania (X%), South Africa (X%) and Democratic Republic of the Congo (X%) illustrated a downward trend over the same period. Zambia (X p.p.) and Mauritius (X p.p.) significantly strengthened its position in terms of the total imports, while South Africa, Democratic Republic of the Congo and Tanzania saw its share reduced by X%, X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest cotton bag importing markets in SADC were Zambia ($X), Namibia ($X) and South Africa ($X), with a combined X% share of total imports. Tanzania, Democratic Republic of the Congo, Mauritius and Botswana lagged somewhat behind, together comprising a further X%.

Mauritius, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in SADC amounted to $X per ton, with a decrease of X% against the previous year. In general, the import price continues to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2013 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2014 to 2023, the import prices remained at a somewhat lower figure.

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

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

Source: IndexBox Platform