EU: Twine Product Market 2024

Twine Product Market Size in the EU

In 2023, the EU twine product market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. The total consumption indicated perceptible growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2022, and then declined in the following year.

Twine Product Production in the EU

In value terms, twine product production declined to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period 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 2019 with an increase of X%. As a result, production reached the peak level of $X. From 2020 to 2023, production growth remained at a lower figure.

Twine Product Exports

Exports in the EU

After eight years of growth, overseas shipments of articles of twine, cordage, rope or cables decreased by X% to X tons in 2023. In general, exports, however, continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2022, and then contracted in the following year.

In value terms, twine product exports rose sharply to $X in 2023. Over the period under review, exports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2023 and are likely to see gradual growth in the immediate term.

Exports by Country

The shipments of the three major exporters of articles of twine, cordage, rope or cables, namely Portugal, the Netherlands and Germany, represented more than half of total export. Poland (X tons) held the next position in the ranking, followed by Spain (X tons), Belgium (X tons) and France (X tons). All these countries together took near X% share of total exports. Denmark (X tons), Hungary (X tons), Greece (X tons), the Czech Republic (X tons), Italy (X tons) and Latvia (X tons) took a minor share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Poland (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest twine product supplying countries in the European Union were Germany ($X), the Netherlands ($X) and Denmark ($X), together comprising X% of total exports. Spain, France, the Czech Republic, Portugal, Poland, Italy, Belgium, Hungary, Greece and Latvia lagged somewhat behind, together accounting for a further X%.

Among the main exporting countries, Greece, with a CAGR of X%, saw 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 export price in the European Union amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. Over the period under review, the export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2023, the export prices stood at a somewhat lower figure.

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

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

Twine Product Imports

Imports in the EU

In 2023, after seven years of growth, there was significant decline in purchases abroad of articles of twine, cordage, rope or cables, when their volume decreased by X% to X tons. Over the period under review, imports, however, continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2022, and then declined remarkably in the following year.

In value terms, twine product imports reduced to $X in 2023. In general, imports, however, continue to indicate a strong expansion. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. The level of import peaked at $X in 2022, and then shrank in the following year.

Imports by Country

The purchases of the five major importers of articles of twine, cordage, rope or cables, namely Germany, the Netherlands, France, Spain and Italy, represented more than two-thirds of total import. It was distantly followed by Poland (X tons) and Belgium (X tons), together committing a X% share of total imports. The following importers - Greece (X tons), Denmark (X tons), Austria (X tons), the Czech Republic (X tons), Ireland (X tons) and Romania (X tons) - together made up X% of total imports.

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

In value terms, the largest twine product importing markets in the European Union were Germany ($X), France ($X) and the Netherlands ($X), with a combined X% share of total imports. Italy, Spain, Poland, Belgium, Denmark, Romania, Austria, the Czech Republic, Ireland and Greece lagged somewhat behind, together comprising a further X%.

Greece, with a CAGR of X%, saw the highest growth rate of 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

The import price in the European Union stood at $X per ton in 2023, growing by X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform