MENA: Twine And Cordage Market 2024

Twine And Cordage Market Size in MENA

The MENA's twine and cordage market expanded sharply to $X in 2023, picking up by X% against the previous year. Overall, consumption continues to indicate buoyant growth. The level of consumption peaked at $X in 2019; however, from 2020 to 2023, consumption remained at a lower figure.

Twine And Cordage Production in MENA

In value terms, twine and cordage production expanded significantly to $X in 2023 estimated in export price. Overall, production enjoyed a strong expansion. The pace of growth appeared the most rapid in 2015 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2023, production failed to regain momentum.

Twine And Cordage Exports

Exports in MENA

In 2023, the amount of twine, cordage, rope and cables exported in MENA skyrocketed to X tons, growing by X% compared with 2022 figures. Overall, exports posted a strong increase. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

In value terms, twine and cordage exports rose slightly to $X in 2023. In general, exports saw prominent growth. The growth pace was the most rapid in 2017 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

In 2023, Turkey (X tons) represented the key exporter of twine, cordage, rope and cables, comprising X% of total exports. It was distantly followed by Iran (X tons), the United Arab Emirates (X tons) and Saudi Arabia (X tons), together mixing up a X% share of total exports. The following exporters - Israel (X tons), Egypt (X tons) and Tunisia (X tons) - together made up X% of total exports.

Exports from Turkey increased at an average annual rate of X% from 2012 to 2023. At the same time, Iran (X%), Israel (X%), Saudi Arabia (X%), Egypt (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, Iran emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2023. By contrast, Tunisia (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Iran, Turkey, Saudi Arabia and Israel increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest twine and cordage supplier in MENA, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Iran, with a X% share.

In Turkey, twine and cordage exports expanded at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Iran (X% per year).

Export Prices by Country

In 2023, the export price in MENA amounted to $X per ton, falling by X% against the previous year. Overall, the export price recorded a noticeable reduction. The growth pace was the most rapid in 2022 an increase of X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 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 Tunisia ($X per ton), while Iran ($X per ton) was amongst the lowest.

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

Twine And Cordage Imports

Imports in MENA

In 2023, overseas purchases of twine, cordage, rope and cables decreased by X% to X tons, falling for the second consecutive year after two years of growth. The total import volume increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 when imports increased by X%. The volume of import peaked at X tons in 2021; however, from 2022 to 2023, imports failed to regain momentum.

In value terms, twine and cordage imports contracted to $X in 2023. The total import value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of X%. The level of import peaked at $X in 2022, and then dropped in the following year.

Imports by Country

In 2023, the United Arab Emirates (X tons), Turkey (X tons) and Morocco (X tons) represented the largest importer of twine, cordage, rope and cables in MENA, achieving X% of total import. Oman (X tons) took the next position in the ranking, followed by Iraq (X tons) and Jordan (X tons). All these countries together held approx. X% share of total imports. The following importers - Israel (X tons), Yemen (X tons), Libya (X tons), Algeria (X tons), Tunisia (X tons), Egypt (X tons) and Qatar (X tons) - together made up X% of total imports.

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

In value terms, the United Arab Emirates ($X), Turkey ($X) and Morocco ($X) appeared to be the countries with the highest levels of imports in 2023, together accounting for X% of total imports. Jordan, Israel, Oman, Iraq, Tunisia, Yemen, Egypt, Algeria, Libya and Qatar lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Jordan, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, 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 MENA stood at $X per ton in 2023, with a decrease of X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2016 to 2023, the import prices remained at a lower figure.

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

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

Source: IndexBox Platform