Which Country Exports the Most Twine, Cordage, Rope and Cables in the World?

Cordage, Rope, Twine and Netting May 28, 2018
Author: Sergey Avramenko
Head of Global Markets Research Team

In 2016, the amount of twine and cordage exported worldwide amounted to 603K tonnes, lowering by -3.6% against the previous year figure. The total export volume increased at an average annual rate of +1.0% from 2007 to 2016; the trend pattern remained consistent, with only minor fluctuations being recorded over the period under review. The most prominent rate of growth was recorded in 2010, when it surged by 9% y-o-y. Over the period under review, global twine and cordage exports attained its maximum volume of 640K tonnes in 2014; however, from 2015 to 2016, it stood at a somewhat lower level.

In value terms, twine and cordage exports totaled $2.4B in 2016. Overall, it indicated a strong growth from 2007 to 2016: the total exports value increased at an average annual rate of +1.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on the result of 2016, twine and cordage exports decreased by -8.7% against its level of 2014. Over the period under review, global twine and cordage exports reached its maximum level of $2.6B in 2014; however, from 2015 to 2016, it failed to regain its strength.

Top Twine And Cordage Exporting Countries in the World

1. China (614.1 million USD)

2. India (208.7 million USD)

3. Portugal (193.6 million USD)

4. South Korea (130.9 million USD)

5. Germany (99.0 million USD)

6. Thailand (51.9 million USD)

7. Czech Republic (48.0 million USD)

8. Brazil (44.6 million USD)

9. Hungary (37.7 million USD)

10. Poland (34.7 million USD)

Twine And Cordage Exports By Country

In 2016, China (189K tonnes) was the major exporter for twine and cordage, mixed up 31% of total exports. Portugal (80K tonnes) ranks second globally in twine and cordage exports with a 13% share, following India (9%), and South Korea (5%). Brazil (20K tonnes), Hungary (18K tonnes), Thailand (16K tonnes), Czech Republic (16K tonnes), Poland (13K tonnes), and Germany (12K tonnes) followed a long way behind this figure.

From 2007 to 2016, average annual rates of growth with regard to twine and cordage exports from China stood at +6.9%. At the same time, Hungary (+17.2%), Portugal (+8.8%), India (+4.1%), Germany (+3.1%), Poland (+3.0%), and Thailand (+2.4%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest growing importer/exporter in the world, with a CAGR of +17.2% from 2007-2016. Czech Republic experienced a relatively flat trend pattern. By contrast, South Korea (-3.0%), and Brazil (-5.7%) illustrated a downward trend over the same period. While the share of Brazil (2%), and South Korea (2%) increased significantly, the share of Hungary (-2.3%), India (-2.7%), Portugal (-7.1%), and China (-14.1%) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($614M) remains the largest twine and cordage supplier in the world, making up 26% of global exports. The second position in the ranking was occupied by India ($209M), with the share of 9% of global exports. It was followed by Portugal, with the share of 8%.

In China, twine and cordage exports expanded at an average annual rate of +11.0% over the period from 2007-2016. The remaining exporting countries recorded the following average annual rates: India (+13.7% per year) and Portugal (+5.9% per year).

Twine And Cordage Export Prices By Country

In 2016, the average export price for twine and cordage amounted to $3,967 per tonne, leveling off at the previous year level. Over the period from 2007 to 2016 it increased at an average annual rate of +3.1%.The most prominent rate of growth was recorded in 2008, when it surged by 15% year-to-year. Global twine and cordage export peaked of $4,096 per tonne in 2014; however, from 2015 to 2016, it stood at a somewhat lower level.

Export prices varied noticeably by country of destination. the country with the highest export prices was Germany ($8,150 per tonne), while Hungary ($2,054 per tonne) was among the lowest.

From 2007 to 2016, the most notable growth rate of twine and cordage export prices was attained by India (+9.3% per year), while the other global leaders experienced more modest paces of growth.

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All data provided in this article covers the following product: HS Code 5607 - Twine, cordage, ropes and cables, whether or not plaited or braided; whether or not impregnated, coated, covered or sheathed with rubber or plastics.

Source: World: Twine, Cordage, Rope And Cables - Market Report. Analysis and Forecast to 2025