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

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

The Chinese market for nets of twine, cordage, rope or textile materials reached $X in 2021, with an increase of X% against the previous year. In general, the total consumption 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, consumption increased by +X% against 2012 indices. Twine, cordage or textile net consumption peaked in 2021 and is expected to retain growth in the immediate term.

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

In value terms, twine, cordage or textile net production declined modestly to $X in 2021 estimated in export price. Overall, the total production 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, production increased by +X% against 2012 indices. The growth pace was the most rapid in 2013 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2020, and then fell slightly in the following year.

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

Exports from China

After five years of growth, shipments abroad of nets of twine, cordage, rope or textile materials decreased by -X% to X tons in 2021. Over the period under review, total exports indicated a tangible increase from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2020, and then shrank significantly in the following year.

In value terms, twine, cordage or textile net exports reduced sharply to $X in 2021. Overall, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2020, and then reduced markedly in the following year.

Exports by Country

The United States (X tons), South Korea (X tons) and Japan (X tons) were the main destinations of twine, cordage or textile net exports from China, with a combined X% share of total exports. These countries were followed by Indonesia, Vietnam, Malaysia, Nigeria, Italy, Australia, Yemen, Ghana, Germany and the United Arab Emirates, which together accounted for a further X 2012 to 2021, the biggest increases were in Yemen (with a CAGR of +X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for twine, cordage or textile net exported from China were the United States ($X), Japan ($X) and South Korea ($X), together accounting for X% of total exports. These countries were followed by Vietnam, Indonesia, Malaysia, Nigeria, Germany, Ghana, Australia, Italy, Yemen and the United Arab Emirates, which together accounted for a further X terms of the main countries of destination, Vietnam, with a CAGR of +X%, saw 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

The average export price for nets of twine, cordage, rope or textile materials stood at $X per ton in 2021, which is down by -X% against the previous year. In general, the export price recorded a pronounced slump. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Vietnam ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+X%), while the prices for the other major destinations experienced mixed trend patterns.

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

Imports into China

In 2021, purchases abroad of nets of twine, cordage, rope or textile materials decreased by -X% to X tons for the first time since 2018, thus ending a two-year rising trend. In general, total imports indicated measured growth 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, imports increased by +X% against 2018 indices. The most prominent rate of growth was recorded in 2020 when imports increased by X%. As a result, imports attained the peak of X tons, and then contracted in the following year.

In value terms, twine, cordage or textile net imports fell to $X in 2021. Over the period under review, imports, however, showed a pronounced downturn. 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 reached the peak figure at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

Vietnam (X tons), South Korea (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of twine, cordage or textile net imports to China, together accounting for X% of total imports. These countries were followed by Malaysia, Spain, Germany, Japan, Hong Kong SAR and India, which together accounted for a further X 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (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 suppliers to China were Taiwan (Chinese) ($X), Germany ($X) and South Korea ($X), with a combined X% share of total imports. These countries were followed by Vietnam, Japan, Spain, Malaysia, India and Hong Kong SAR, which together accounted for a further X, with a CAGR of +X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for nets of twine, cordage, rope or textile materials stood at $X per ton in 2021, remaining relatively unchanged against the previous year. Overall, the import price, however, showed a deep contraction. The pace of growth appeared the most rapid in 2018 when the average import price increased by X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform