Global Twine And Cordage Market 2024

Twine And Cordage Market Size

The global twine and cordage market declined modestly to $X in 2023, almost unchanged from the previous year. In general, the total consumption indicated noticeable 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. Based on 2023 figures, consumption increased by X% against 2020 indices. As a result, consumption attained the peak level of $X. From 2020 to 2023, the growth of the global market remained at a lower figure.

Twine And Cordage Production

In value terms, twine and cordage production amounted to $X in 2023 estimated in export price. Over the period under review, the total production indicated a measured expansion 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, production increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of X%. Global production peaked at $X in 2019; however, from 2020 to 2023, production failed to regain momentum.

Twine And Cordage Exports

Exports

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. The total export volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2023, the growth of the global exports remained at a lower figure.

In value terms, twine and cordage exports declined to $X in 2023. The total export 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 was the most pronounced in 2021 with an increase of X% against the previous year. The global exports peaked at $X in 2022, and then shrank in the following year.

Exports by Country

China represented the key exporter of twine, cordage, rope and cables in the world, with the volume of exports recording X tons, which was near X% of total exports in 2023. Portugal (X tons) held the second position in the ranking, followed by India (X tons) and Vietnam (X tons). All these countries together held near X% share of total exports. South Korea (X tons), the United States (X tons), Bangladesh (X tons), Tanzania (X tons), Turkey (X tons), Hungary (X tons), the Czech Republic (X tons), Thailand (X tons) and Brazil (X tons) took a relatively small share of total exports.

Exports from China increased at an average annual rate of X% from 2012 to 2023. At the same time, Vietnam (X%), Turkey (X%), Tanzania (X%), Hungary (X%), India (X%), the United States (X%) and Bangladesh (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2023. Thailand, the Czech Republic, Portugal and South Korea experienced a relatively flat trend pattern. By contrast, Brazil (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Vietnam, China, Turkey and India 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, China ($X) remains the largest twine and cordage supplier worldwide, comprising X% of global exports. The second position in the ranking was held by Portugal ($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 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: Portugal (X% per year) and the United States (X% per year).

Export Prices by Country

In 2023, the average twine and cordage export price amounted to $X per ton, with a decrease of X% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2022, and then reduced modestly in the following year.

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 the United States ($X per ton), while Tanzania ($X per ton) was amongst the lowest.

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

Twine And Cordage Imports

Imports

In 2023, purchases abroad of twine, cordage, rope and cables decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. The total import volume increased at an average annual rate of X% 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 2014 with an increase of X% against the previous year. Global imports peaked at X tons in 2022, and then shrank in the following year.

In value terms, twine and cordage imports reduced to $X in 2023. The total import 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 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 at $X in 2022, and then declined in the following year.

Imports by Country

In 2023, the United States (X tons), distantly followed by Indonesia (X tons) were the largest importers of twine, cordage, rope and cables, together mixing up X% of total imports. South Korea (X tons), France (X tons), India (X tons), Germany (X tons), the UK (X tons), Canada (X tons), Vietnam (X tons), Myanmar (X tons), Russia (X tons), Chile (X tons) and the Netherlands (X tons) followed a long way behind the leaders.

Imports into the United States decreased at an average annual rate of X% from 2012 to 2023. At the same time, Myanmar (X%), South Korea (X%), India (X%), Vietnam (X%), Indonesia (X%), Russia (X%), Chile (X%) and the UK (X%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2023. France, the Netherlands and Canada experienced a relatively flat trend pattern. By contrast, Germany (X%) illustrated a downward trend over the same period. While the share of South Korea (X p.p.), Myanmar (X p.p.), India (X p.p.) and Indonesia (X p.p.) increased significantly in terms of the global imports from 2012-2023, the share of 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 remained relatively stable over the period from 2012-2023. In the other countries, the average annual rates were as follows: France (X% per year) and Germany (X% per year).

Import Prices by Country

The average twine and cordage import price stood at $X per ton in 2023, picking up by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. Global import price peaked in 2023 and is likely to see steady growth in years to come.

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

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

Source: IndexBox Platform