Italy: Sisal Binder Market 2024

Sisal Binder Market Size in Italy

The Italian sisal binder market contracted significantly to $X in 2022, shrinking by X% against the previous year. Overall, consumption showed a dramatic contraction. Sisal binder consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Sisal Binder Production in Italy

In value terms, sisal binder production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production recorded a abrupt descent. The pace of growth was the most pronounced in 2020 when the production volume increased by X,100% against the previous year. Sisal binder production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Sisal Binder Exports

Exports from Italy

In 2022, overseas shipments of sisal binder or baler (agricultural) twines decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, recorded a resilient increase. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, sisal binder exports fell to $X in 2022. In general, exports, however, posted a resilient expansion. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then reduced in the following year.

Exports by Country

Peru (X tons) was the main destination for sisal binder exports from Italy, accounting for a X% share of total exports. Moreover, sisal binder exports to Peru exceeded the volume sent to the second major destination, Chile (X tons), twofold. The third position in this ranking was taken by Egypt (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Peru stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (X% per year) and Egypt (X% per year).

In value terms, the largest markets for sisal binder exported from Italy were Peru ($X), Chile ($X) and South Africa ($X), together accounting for X% of total exports.

In terms of the main countries of destination, Peru, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average sisal binder export price stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. Over the period under review, the export price recorded a noticeable slump. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Egypt ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (X%), while the prices for the other major destinations experienced more modest paces of growth.

Sisal Binder Imports

Imports into Italy

In 2022, purchases abroad of sisal binder or baler (agricultural) twines increased by X% to X tons, rising for the second consecutive year after four years of decline. Overall, imports, however, faced a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of X%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, sisal binder imports skyrocketed to $X in 2022. In general, imports, however, faced a abrupt decrease. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Portugal (X tons) constituted the largest sisal binder supplier to Italy, with a X% share of total imports. Moreover, sisal binder imports from Portugal exceeded the figures recorded by the second-largest supplier, Brazil (X tons), sixfold. The third position in this ranking was held by India (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Portugal totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (X% per year) and India (X% per year).

In value terms, Portugal ($X) constituted the largest supplier of sisal binder or baler (agricultural) twines to Italy, comprising X% of total imports. The second position in the ranking was held by China ($X), with an X% share of total imports. It was followed by Brazil, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Portugal amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Brazil (X% per year).

Import Prices by Country

The average sisal binder import price stood at $X per ton in 2022, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Albania ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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