United Arab Emirates: Cotton Bag Market 2024

Cotton Bag Market Size in the United Arab Emirates

The cotton bag market in the United Arab Emirates shrank sharply to $X in 2023, waning by X% against the previous year. Overall, consumption faced a deep downturn. Cotton bag consumption peaked at $X in 2012; however, from 2013 to 2023, consumption remained at a lower figure.

Cotton Bag Production in the United Arab Emirates

In value terms, cotton bag production surged to $X in 2023 estimated in export price. Overall, production enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2022 to 2023, production growth remained at a lower figure.

Cotton Bag Exports

Exports from the United Arab Emirates

Cotton bag exports from the United Arab Emirates surged to X tons in 2023, with an increase of X% on 2022. Over the period under review, exports enjoyed buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, cotton bag exports expanded slightly to $X in 2023. Overall, exports recorded prominent growth. The most prominent rate of growth was recorded in 2020 when exports increased by X%. The exports peaked at $X in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

Exports by Country

Zambia (X tons), Tanzania (X tons) and Nigeria (X tons) were the main destinations of cotton bag exports from the United Arab Emirates, together comprising X% of total exports. The Netherlands, Ghana, Ireland and Cyprus lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the biggest increases were recorded for Ireland (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 the United Arab Emirates were the Netherlands ($X), Ireland ($X) and Zambia ($X), together comprising X% of total exports.

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

Export Prices by Country

The average cotton bag export price stood at $X per ton in 2023, which is down by X% against the previous year. Overall, the export price recorded a deep contraction. The pace of growth was the most pronounced in 2021 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per ton in 2022, and then declined dramatically in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ireland ($X per ton), while the average price for exports to Zambia ($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 Rwanda (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cotton Bag Imports

Imports into the United Arab Emirates

Cotton bag imports into the United Arab Emirates dropped markedly to X tons in 2023, which is down by X% compared with 2022. Over the period under review, imports showed a sharp decline. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

In value terms, cotton bag imports shrank remarkably to $X in 2023. Overall, imports showed a abrupt descent. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, China (X tons) constituted the largest supplier of cotton bag to the United Arab Emirates, accounting for a X% share of total imports. Moreover, cotton bag imports from China exceeded the figures recorded by the second-largest supplier, Australia (X tons), fivefold. The third position in this ranking was taken by Switzerland (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (X% per year) and Switzerland (X% per year).

In value terms, the largest cotton bag suppliers to the United Arab Emirates were China ($X), Switzerland ($X) and Australia ($X), with a combined X% share of total imports.

Australia, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers 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, rising by X% against the previous year. In general, the import price showed a resilient increase. The pace of growth was the most pronounced in 2021 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 years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Switzerland ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform