Eastern Europe: Twine Product Market 2024

Twine Product Market Size in Eastern Europe

In 2022, the East European twine product market increased by X% to $X, rising for the seventh consecutive year after two years of decline. The total consumption indicated noticeable growth 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 increased by X% against 2015 indices. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in the immediate term.

Twine Product Production in Eastern Europe

In value terms, twine product production rose to $X in 2022 estimated in export price. The total production indicated a noticeable 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 most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Twine Product Exports

Exports in Eastern Europe

For the eighth year in a row, Eastern Europe recorded growth in shipments abroad of articles of twine, cordage, rope or cables, which increased by X% to X tons in 2022. Over the period under review, exports posted a buoyant expansion. The growth pace was the most rapid in 2017 when exports increased by X%. The volume of export peaked in 2022 and is likely to see gradual growth in the immediate term.

In value terms, twine product exports declined modestly to $X in 2022. In general, exports recorded a strong increase. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The level of export peaked at $X in 2021, and then contracted in the following year.

Exports by Country

In 2022, Poland (X tons) represented the main exporter of articles of twine, cordage, rope or cables, making up X% of total exports. Hungary (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by the Czech Republic (X%), Belarus (X%), Latvia (X%), Lithuania (X%) and Slovakia (X%).

Exports from Poland increased at an average annual rate of X% from 2012 to 2022. At the same time, Belarus (X%), Lithuania (X%), the Czech Republic (X%), Latvia (X%) and Hungary (X%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2022. Slovakia experienced a relatively flat trend pattern. While the share of Poland (X p.p.), Belarus (X p.p.), Lithuania (X p.p.) and the Czech Republic (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Latvia (X p.p.), Slovakia (X p.p.) and Hungary (X p.p.) displayed negative dynamics.

In value terms, the largest twine product supplying countries in Eastern Europe were Poland ($X), the Czech Republic ($X) and Slovakia ($X), with a combined X% share of total exports.

Among the main exporting countries, Poland, 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 Eastern Europe amounted to $X per ton, shrinking by X% against the previous year. Overall, the export price saw a pronounced decline. The growth pace was the most rapid in 2021 an increase of X%. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (X%), while the other leaders experienced a decline in the export price figures.

Twine Product Imports

Imports in Eastern Europe

For the third consecutive year, Eastern Europe recorded growth in supplies from abroad of articles of twine, cordage, rope or cables, which increased by X% to X tons in 2022. Total imports indicated a prominent expansion 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 2018 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, twine product imports contracted modestly to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, leveling off in the following year.

Imports by Country

In 2022, Poland (X tons), distantly followed by Russia (X tons), Romania (X tons), the Czech Republic (X tons), Hungary (X tons), Bulgaria (X tons) and Belarus (X tons) represented the largest importers of articles of twine, cordage, rope or cables, together creating X% of total imports. Slovakia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Belarus (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest twine product importing markets in Eastern Europe were Poland ($X), Russia ($X) and Romania ($X), with a combined X% share of total imports.

Poland, with a CAGR of X%, recorded 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

In 2022, the import price in Eastern Europe amounted to $X per ton, reducing by X% against the previous year. Over the period under review, the import price continues to indicate a mild reduction. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Romania ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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