Global Twine And Cordage Market 2024

Twine And Cordage Market Size

The global twine and cordage market contracted to $X in 2022, waning by X% against the previous year. Overall, the total consumption indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2013 indices. Global consumption peaked at $X in 2021, and then shrank slightly in the following year.

Twine And Cordage Production

In value terms, twine and cordage production shrank modestly to $X in 2022 estimated in export price. In general, the total production indicated measured growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, production attained the peak level of $X. From 2020 to 2022, global production growth remained at a somewhat lower figure.

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Twine And Cordage Exports

Exports

In 2022, overseas shipments of twine, cordage, rope and cables increased by X% to X tons, rising for the sixth year in a row after two years of decline. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 when exports increased by X%. The global exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, twine and cordage exports rose slightly to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the global exports reached the maximum in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

China represented the largest exporter of twine, cordage, rope and cables in the world, with the volume of exports resulting at X tons, which was near X% of total exports in 2022. Portugal (X tons) ranks second in terms of the total exports with an X% share, followed by India (X%). The following exporters - South Korea (X tons), Vietnam (X tons), Bangladesh (X tons), Tanzania (X tons), the United States (X tons), Hungary (X tons), Brazil (X tons), Turkey (X tons), Iran (X tons) and Thailand (X tons) - together made up X% of total exports.

From 2012 to 2022, average annual rates of growth with regard to twine and cordage exports from China stood at X%. At the same time, Iran (X%), Turkey (X%), Vietnam (X%), Hungary (X%), Tanzania (X%), India (X%), Bangladesh (X%), Thailand (X%), the United States (X%) and Portugal (X%) displayed positive paces of growth. Moreover, Iran emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. South Korea experienced a relatively flat trend pattern. By contrast, Brazil (X%) illustrated a downward trend over the same period. While the share of Vietnam (X p.p.), China (X p.p.), Iran (X p.p.), Tanzania (X p.p.) and Hungary (X p.p.) increased significantly in terms of the global exports from 2012-2022, the share of Brazil (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest twine and cordage supplier worldwide, comprising X% of global exports. The second position in the ranking was taken by Portugal ($X), with a X% share of global exports. It was followed by the United States, with a X% share.

In China, twine and cordage exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Portugal (X% per year) and the United States (X% per year).

Export Prices by Country

The average twine and cordage export price stood at $X per ton in 2022, almost unchanged from the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average export price increased by X% against the previous year. The global export price peaked at $X per ton in 2016; afterwards, it flattened through to 2022.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Iran ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the other global leaders experienced more modest paces of growth.

Twine And Cordage Imports

Imports

Global twine and cordage imports rose to X tons in 2022, increasing by X% compared with the year before. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Global imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, twine and cordage imports rose modestly to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Global imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, the United States (X tons), distantly followed by Indonesia (X tons), Nigeria (X tons), France (X tons), Myanmar (X tons), Germany (X tons), Canada (X tons), the UK (X tons), South Korea (X tons), India (X tons), Chile (X tons), Japan (X tons) and Singapore (X tons) were the major importers of twine, cordage, rope and cables, together generating X% of total imports. The following importers - Indonesia (X tons), Nigeria (X tons), France (X tons), Myanmar (X tons), Germany (X tons), Canada (X tons), the UK (X tons), South Korea (X tons), India (X tons), Chile (X tons), Japan (X tons) and Singapore (X tons) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to twine and cordage imports into the United States stood at X%. At the same time, Myanmar (X%), Nigeria (X%), South Korea (X%), Indonesia (X%), India (X%), Chile (X%), the UK (X%), Canada (X%), Singapore (X%) and France (X%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2022. Germany experienced a relatively flat trend pattern. By contrast, Japan (X%) illustrated a downward trend over the same period. While the share of Myanmar (X p.p.), Nigeria (X p.p.) and South Korea (X p.p.) increased significantly in terms of the global imports from 2012-2022, the share of Japan (X p.p.) and the United States (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported twine, cordage, rope and cables worldwide, comprising X% of global imports. The second position in the ranking was taken by France ($X), with a X% share of global imports. It was followed by Germany, with a X% share.

In the United States, twine and cordage imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: France (X% per year) and Germany (X% per year).

Import Prices by Country

In 2022, the average twine and cordage import price amounted to $X per ton, flattening at the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton, and then dropped slightly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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