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

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

After nine years of growth, the Indian market for nets of twine, cordage, rope or textile materials decreased by -X% to $X in 2021. In general, consumption, however, saw a buoyant increase. Twine, cordage or textile net consumption peaked at $X in 2020, and then contracted in the following year.

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

In value terms, twine, cordage or textile net production shrank to $X in 2021 estimated in export price. Overall, production, however, recorded resilient growth. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. Twine, cordage or textile net production peaked at $X in 2020, and then dropped in the following year.

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

Exports from India

In 2021, the amount of nets of twine, cordage, rope or textile materials exported from India skyrocketed to X tons, picking up by X% against the year before. In general, total exports indicated resilient 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. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, twine, cordage or textile net exports rose slightly to $X in 2021. Overall, total exports indicated a strong increase from 2012 to 2021: its value 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. Based on 2021 figures, exports increased by +X% against 2013 indices. The growth pace was the most rapid in 2014 with an increase of X%. The exports peaked in 2021 and are likely to see steady growth in years to come.

Exports by Country

The United Arab Emirates (X tons) was the main destination for twine, cordage or textile net exports from India, accounting for a X% share of total exports. Moreover, twine, cordage or textile net exports to the United Arab Emirates exceeded the volume sent to the second major destination, Norway (X tons), twofold. The third position in this ranking was held by the UK (X tons), with an X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United Arab Emirates stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+X% per year) and the UK (+X% per year).

In value terms, the largest markets for twine, cordage or textile net exported from India were the UK ($X), Norway ($X) and Oman ($X), together comprising X% of total exports. These countries were followed by Chile, the United Arab Emirates, Morocco, the United States, Sri Lanka, Canada, Brazil, Australia, South Korea and Kenya, which together accounted for a further X terms of the main countries of destination, Brazil, 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

The average export price for nets of twine, cordage, rope or textile materials stood at $X per ton in 2021, reducing by -X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the average export price increased by X%. Over the period under review, the average export prices reached the maximum at $X per ton in 2020, and then shrank rapidly in the following year.

Prices varied noticeably by the country of destination: the country with the highest price was the UK ($X per ton), while the average price for exports to the United Arab Emirates ($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 Oman (+X%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into India

For the third consecutive year, India recorded growth in purchases abroad of nets of twine, cordage, rope or textile materials, which increased by X% to X tons in 2021. In general, imports saw significant growth. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in the near future.

In value terms, twine, cordage or textile net imports skyrocketed to $X in 2021. Over the period under review, imports showed a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Bangladesh (X tons), Malaysia (X tons) and China (X tons) were the main suppliers of twine, cordage or textile net imports to India, together comprising X% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Bangladesh (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 India were Malaysia ($X), Bangladesh ($X) and Thailand ($X), with a combined X% share of total imports.

In terms of the main suppliers, Bangladesh, 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

The average import price for nets of twine, cordage, rope or textile materials stood at $X per ton in 2021, rising by X% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2018 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Thailand ($X per ton), while the price for Bangladesh ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform