Africa: Market for Nets of Twine, Cordage, Rope or Textile Materials 2024

Market Size for Nets of Twine, Cordage, Rope or Textile Materials in Africa

The African market for nets of twine, cordage, rope or textile materials declined to $X in 2022, reducing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Production of Nets of Twine, Cordage, Rope or Textile Materials in Africa

In value terms, twine, cordage or textile net production dropped to $X in 2022 estimated in export price. The total production indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The growth pace was the most rapid in 2016 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Exports of Nets of Twine, Cordage, Rope or Textile Materials

Exports in Africa

In 2022, twine, cordage or textile net exports in Africa skyrocketed to X tons, with an increase of X% compared with the previous year. In general, exports showed a pronounced increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, twine, cordage or textile net exports surged to $X in 2022. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

In 2022, Seychelles (X tons), distantly followed by Tunisia (X tons), Morocco (X tons), South Africa (X tons), Togo (X tons), Rwanda (X tons), Kenya (X tons) and Ghana (X tons) represented the key exporters of nets of twine, cordage, rope or textile materials, together committing X% of total exports.

From 2012 to 2022, average annual rates of growth with regard to twine, cordage or textile net exports from Seychelles stood at X%. At the same time, Rwanda (X%), Ghana (X%), Tunisia (X%) and Morocco (X%) displayed positive paces of growth. Moreover, Rwanda emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. Togo experienced a relatively flat trend pattern. By contrast, Kenya (X%) and South Africa (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Seychelles, Rwanda, Ghana and Tunisia 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, the largest twine, cordage or textile net supplying countries in Africa were Tunisia ($X), Morocco ($X) and Togo ($X), together comprising X% of total exports. South Africa, Kenya, Rwanda, Seychelles and Ghana lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, Rwanda, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Africa amounted to $X per ton, falling by X% against the previous year. In general, the export price continues to indicate a pronounced decline. The pace of growth was the most pronounced in 2013 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Tunisia ($X per ton), while Seychelles ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (X%), while the other leaders experienced more modest paces of growth.

Imports of Nets of Twine, Cordage, Rope or Textile Materials

Imports in Africa

For the third consecutive year, Africa recorded decline in overseas purchases of nets of twine, cordage, rope or textile materials, which decreased by X% to X tons in 2022. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, twine, cordage or textile net imports fell dramatically to $X in 2022. In general, imports showed a mild reduction. The most prominent rate of growth was recorded in 2014 when imports increased by X%. The level of import peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Angola (X tons), Ghana (X tons), Morocco (X tons), Nigeria (X tons), Democratic Republic of the Congo (X tons), Algeria (X tons), South Africa (X tons), Tanzania (X tons), Senegal (X tons), Tunisia (X tons), Kenya (X tons) and Mozambique (X tons) represented the major importer of nets of twine, cordage, rope or textile materials in Africa, comprising X% of total import. Cote d'Ivoire (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Cote d'Ivoire (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest twine, cordage or textile net importing markets in Africa were Morocco ($X), Ghana ($X) and Angola ($X), with a combined X% share of total imports. Algeria, Democratic Republic of the Congo, South Africa, Tunisia, Tanzania, Mozambique, Senegal, Nigeria, Kenya and Cote d'Ivoire lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Democratic Republic of the Congo, with a CAGR of X%, recorded the highest growth rate of 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

In 2022, the import price in Africa amounted to $X per ton, therefore, remained relatively stable against the previous year. In general, the import price continues to indicate a noticeable downturn. The pace of growth was the most pronounced in 2021 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Morocco ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Democratic Republic of the Congo (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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