Asia-Pacific: Twine And Cordage Market 2024

Twine And Cordage Market Size in Asia-Pacific

In 2022, the Asia-Pacific twine and cordage market decreased by X% to $X, falling for the second year in a row after three years of growth. The total consumption indicated a buoyant expansion 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, consumption decreased by X% against 2020 indices. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Twine And Cordage Production in Asia-Pacific

In value terms, twine and cordage production expanded to $X in 2022 estimated in export price. The total production indicated a perceptible expansion 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 decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2018 with an increase of X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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Twine And Cordage Exports

Exports in Asia-Pacific

For the third year in a row, Asia-Pacific recorded growth in overseas shipments of twine, cordage, rope and cables, which increased by X% to X tons in 2022. The total export 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 pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, twine and cordage exports dropped to $X in 2022. The total export 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. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, leveling off in the following year.

Exports by Country

In 2022, China (X tons) represented the key exporter of twine, cordage, rope and cables, constituting X% of total exports. India (X tons) ranks second in terms of the total exports with a X% share, followed by South Korea (X%), Vietnam (X%) and Bangladesh (X%). The following exporters - Thailand (X tons) and Sri Lanka (X tons) - together made up X% of total exports.

From 2012 to 2022, average annual rates of growth with regard to twine and cordage exports from China stood at X%. At the same time, Vietnam (X%), Sri Lanka (X%), India (X%), Bangladesh (X%) and Thailand (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2022. South Korea experienced a relatively flat trend pattern. From 2012 to 2022, the share of Vietnam, India and China increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest twine and cordage supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was held by India ($X), with a X% share of total exports. It was followed by South Korea, with an X% share.

From 2012 to 2022, the average annual growth rate of value in China totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: India (X% per year) and South Korea (X% per year).

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per ton, approximately equating the previous year. Overall, the export price, however, showed modest growth. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. The level of export peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

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 South Korea ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

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

Twine And Cordage Imports

Imports in Asia-Pacific

Twine and cordage imports was estimated at X tons in 2022, approximately equating the previous year. Total imports indicated a resilient increase from 2012 to 2022: its volume 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, twine and cordage imports shrank to $X in 2022. Total imports indicated a prominent expansion 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, imports increased by X% against 2014 indices. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then shrank slightly in the following year.

Imports by Country

The countries with the highest levels of twine and cordage imports in 2022 were Indonesia (X tons), Myanmar (X tons), South Korea (X tons), India (X tons), Japan (X tons), Singapore (X tons), Vietnam (X tons), Australia (X tons) and Malaysia (X tons), together recording X% of total import. The following importers - Thailand (X tons), the Philippines (X tons), China (X tons) and Bangladesh (X tons) - together made up X% of total imports.

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

In value terms, the largest twine and cordage importing markets in Asia-Pacific were Indonesia ($X), China ($X) and Vietnam ($X), together accounting for X% of total imports. Australia, Japan, South Korea, India, Singapore, Thailand, Malaysia, Myanmar, Bangladesh and the Philippines lagged somewhat behind, together accounting for a further X%.

Bangladesh, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of 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 import price in Asia-Pacific stood at $X per ton in 2022, declining by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2021, and then declined modestly in the following year.

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 China ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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