China Ranks First Globally In Exports of Ropes and Cables, With $616.7M Tonnes (2014)

Cordage, Rope, Twine and Netting June 18, 2015
Author: Olga Minchina
Account Manager
China dominates in the global rope and cable trade. It was the fastest growing exporter from 2007 to 2014 (+14.4% per year), and significantly strengthened its position in the global export structure from 13.9 in 2007 to 28.4 in 2014. 17.8% of its total rope and cable exports in 2014 were shipped to the U.S., accounting for 33.5% of total U.S. imports.

The global trade reached 2.2 billion USD, with a CAGR of 3.3% from 2007 to 2014. In physical terms, it showed steady decline, falling from 560.0 thousand tonnes in 2007 to 524.8 thousand tonnes in 2014.

In 2014, the U.S. (20.6%), France (6.8%), Germany (6.6%), the United Kingdom (4.7%) and Canada (4.7%) were the leading destinations of rope and cable imports, together making up 43.4% of global imports. The shares of France and Australia increased significantly (+5.7 and +8.5 percentage points respectively).

China and Portugal were the main global suppliers of ropes and cables with a combined share of 39.7% of global exports.

Source: World: Twine, Cordage, Rope And Cables - Market Report. Analysis and Forecast to 2020