Price for Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles in Canada - 2024

Contents:

1. Price for Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles in Canada (CIF) - 2024
2. Price for Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles in Canada (FOB) - 2022
3. Imports of Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles in Canada
4. Exports of Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles in Canada

Price for Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles in Canada (CIF) - 2024

In January 2024, the average import price for twine, cordage or rope; knotted netting, of other than man-made textileses amounted to $9,390 per ton, growing by 33% against the previous month. Over the period under review, the import price posted buoyant growth. The pace of growth appeared the most rapid in October 2023 when the average import price increased by 203% month-to-month. As a result, import price reached the peak level of $10,051 per ton. From November 2023 to January 2024, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was the United States ($16,081 per ton), while the price for China ($4,453 per ton) was amongst the lowest.

From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by the United States (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles in Canada (FOB) - 2022

In 2022, the average export price for twine, cordage or rope; knotted netting, of other than man-made textileses amounted to $5,014 per ton, dropping by -33.6% against the previous year. Over the period under review, the export price continues to indicate a pronounced downturn. The pace of growth appeared the most rapid in 2018 an increase of 29%. As a result, the export price reached the peak level of $8,349 per ton. From 2019 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Norway ($5,014 per ton), while the average price for exports to Greenland ($5,014 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iceland (+29.3%), while the prices for the other major destinations experienced a decline.

Imports of Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles in Canada

In 2022, the amount of twine, cordage or rope; knotted netting, of other than man-made textileses imported into Canada rose markedly to 741 tons, growing by 12% compared with the year before. The total import volume increased at an average annual rate of +8.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 29% against the previous year. As a result, imports attained the peak of 741 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of twine, cordage or rope; knotted netting, of other than man-made textileses surged to $4.9M in 2022. The total import value increased at an average annual rate of +8.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles to Canada in 2022:

1. Spain (303.0 tons)
2. United States (147.3 tons)
3. China (140.9 tons)
4. India (44.7 tons)
5. Italy (27.6 tons)
6. Netherlands (26.6 tons)
7. Ireland (22.9 tons)
8. Vietnam (3.9 tons)

Exports of Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles in Canada

In 2022, the amount of twine, cordage or rope; knotted netting, of other than man-made textileses exported from Canada surged to 234 tons, increasing by 95% against the year before. In general, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of twine, cordage or rope; knotted netting, of other than man-made textileses surged to $1.2M in 2022. Overall, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 87%. The exports peaked in 2022 and are expected to retain growth in years to come.

Top Export Markets for Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles from Canada in 2022:

1. Norway (149.4 tons)
2. United States (42.3 tons)
3. Greenland (33.2 tons)

Source: IndexBox Market Intelligence Platform