Asia: Market for Nets of Twine, Cordage, Rope or Textile Materials 2022

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

In 2021, after nine years of growth, there was significant decline in the Asian market for nets of twine, cordage, rope or textile materials, when its value decreased by -X% to $X. The total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2020, and then dropped in the following year.

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

In value terms, twine, cordage or textile net production fell slightly to $X in 2021 estimated in export price. The total production indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +X% against 2012 indices. The pace of growth was the most pronounced in 2017 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2020, and then reduced modestly in the following year.

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

Exports in Asia

For the third consecutive year, Asia recorded growth in shipments abroad of nets of twine, cordage, rope or textile materials, which increased by X% to X tons in 2021. Total exports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +X% against 2013 indices. 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 soared to $X in 2021. Total exports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +X% against 2013 indices. The pace of growth appeared the most rapid in 2017 with an increase of X%. The level of export peaked in 2021 and is likely to continue growth in years to come.

Exports by Country

China prevails in exports structure, amounting to X tons, which was approx. X% of total exports in 2021. It was distantly followed by Vietnam (X tons), South Korea (X tons), Thailand (X tons) and Japan (X tons), together creating a X% share of total exports. India (X tons) and Malaysia (X tons) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +X% from 2012 to 2021. At the same time, Malaysia (+X%), South Korea (+X%), India (+X%), Vietnam (+X%), Thailand (+X%) and Japan (+X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in Asia, with a CAGR of +X% from 2012-2021. China (+X p.p.) significantly strengthened its position in terms of the total exports, while Vietnam, Thailand and Japan saw its share reduced by -X%, -X% and -X% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest twine, cordage or textile net supplier in Asia, comprising X% of total exports. The second position in the ranking was held by Vietnam ($X), with an X% share of total exports. It was followed by Thailand, with a X% share.

In China, twine, cordage or textile net exports expanded at an average annual rate of +X% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Vietnam (+X% per year) and Thailand (+X% per year).

Export Prices by Country

In 2021, the le materials in Asia amounted to $X per ton, which is down by -X% against the previous year. Over the period under review, the export price showed a slight curtailment. The most prominent rate of growth was recorded in 2019 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Thailand ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+X%), while the other leaders experienced a decline in the export price figures.

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

Imports in Asia

In 2021, overseas purchases of nets of twine, cordage, rope or textile materials increased by X% to X tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The volume of import peaked at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, twine, cordage or textile net imports shrank modestly to $X in 2021. Overall, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. The level of import peaked at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Japan (X tons) and South Korea (X tons) were the major importers of nets of twine, cordage, rope or textile materials in Asia, together committing X% of total imports. Malaysia (X tons) held the next position in the ranking, followed by Indonesia (X tons), Vietnam (X tons) and India (X tons). All these countries together took approx. X% share of total imports. The United Arab Emirates (X tons), Thailand (X tons), Yemen (X tons), China (X tons), Pakistan (X tons), Saudi Arabia (X tons) and Taiwan (Chinese) (X tons) took a minor share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Yemen (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest twine, cordage or textile net importing markets in Asia were Japan ($X), South Korea ($X) and Malaysia ($X), together comprising X% of total imports. Vietnam, Indonesia, India, the United Arab Emirates, Thailand, China, Yemen, Taiwan (Chinese), Pakistan and Saudi Arabia lagged somewhat behind, together accounting for a further X, with a CAGR of +X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The le materials in Asia stood at $X per ton in 2021, dropping by -X% against the previous year. In general, the import price showed a perceptible downturn. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform