EU: Twine And Cordage Market 2024

Twine And Cordage Market Size in the EU

The EU twine and cordage market expanded significantly to $X in 2023, picking up by X% against the previous year. The total consumption indicated a perceptible increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. As a result, consumption reached the peak level of $X. From 2022 to 2023, the growth of the market failed to regain momentum.

Twine And Cordage Production in the EU

In value terms, twine and cordage production surged 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 2021 with an increase of X%. As a result, production reached the peak level of $X. From 2022 to 2023, production growth remained at a lower figure.

Twine And Cordage Exports

Exports in the EU

In 2023, shipments abroad of twine, cordage, rope and cables decreased by X% to X tons, falling for the second consecutive year after three years of growth. Overall, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of X%. The volume of export peaked at X tons in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

In value terms, twine and cordage exports reduced modestly to $X in 2023. The total export value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports attained the peak of $X. From 2022 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2023, Portugal (X tons) was the major exporter of twine, cordage, rope and cables, creating X% of total exports. Hungary (X tons) took an X% share (based on physical terms) of total exports, which put it in second place, followed by the Czech Republic (X%), the Netherlands (X%) and Germany (X%). The following exporters - Belgium (X tons), Spain (X tons), Poland (X tons), Greece (X tons), Italy (X tons), France (X tons) and Lithuania (X tons) - together made up X% of total exports.

Portugal experienced a relatively flat trend pattern with regard to volume of exports of twine, cordage, rope and cables. At the same time, Lithuania (X%), Hungary (X%), the Netherlands (X%), Italy (X%), Spain (X%) and Greece (X%) displayed positive paces of growth. Moreover, Lithuania emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2023. The Czech Republic, Belgium and Germany experienced a relatively flat trend pattern. By contrast, Poland (X%) and France (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Hungary and the Netherlands increased by X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Portugal ($X) remains the largest twine and cordage supplier in the European Union, comprising X% of total exports. The second position in the ranking was taken by Germany ($X), with a X% share of total exports. It was followed by the Netherlands, with an X% share.

In Portugal, twine and cordage exports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Germany (X% per year) and the Netherlands (X% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2023, rising by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 when the export price increased by X%. Over the period under review, the export prices hit record highs in 2023 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was France ($X per ton), while Portugal ($X per ton) was amongst the lowest.

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

Twine And Cordage Imports

Imports in the EU

In 2023, after three years of growth, there was significant decline in purchases abroad of twine, cordage, rope and cables, when their volume decreased by X% to X tons. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2022, and then contracted in the following year.

In value terms, twine and cordage imports shrank 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 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2022, and then dropped in the following year.

Imports by Country

France (X tons) and Germany (X tons) represented roughly X% of total imports in 2023. The Netherlands (X tons) ranks next in terms of the total imports with a X% share, followed by Italy (X%), Spain (X%), Belgium (X%) and Denmark (X%). Greece (X tons), Romania (X tons), Sweden (X tons), Poland (X tons), Lithuania (X tons) and Ireland (X tons) followed a long way behind the leaders.

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

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

In terms of the main importing countries, Ireland, 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 the European Union stood at $X per ton in 2023, picking up by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 an increase of X%. The level of import peaked in 2023 and is expected to retain growth in years to come.

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

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

Source: IndexBox Platform