Latin America and the Caribbean: Twine Product Market 2024

Twine Product Market Size in Latin America and the Caribbean

The Latin American twine product market declined to $X in 2022, flattening at the previous year. The total consumption indicated a temperate 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 2019 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Twine Product Production in Latin America and the Caribbean

In value terms, twine product production declined to $X in 2022 estimated in export price. The total production indicated a moderate 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 2019 indices. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Twine Product Exports

Exports in Latin America and the Caribbean

In 2022, the amount of articles of twine, cordage, rope or cables exported in Latin America and the Caribbean surged to X tons, with an increase of X% against the previous year's figure. Total exports indicated a measured 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, exports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in the near future.

In value terms, twine product exports skyrocketed to $X in 2022. Over the period under review, exports saw a relatively flat trend pattern. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Mexico was the key exporter of articles of twine, cordage, rope or cables in Latin America and the Caribbean, with the volume of exports reaching X tons, which was near X% of total exports in 2022. It was distantly followed by Guatemala (X tons) and Honduras (X tons), together making up a X% share of total exports. The following exporters - Brazil (X tons) and the Dominican Republic (X tons) - each reached a X% share of total exports.

Exports from Mexico increased at an average annual rate of X% from 2012 to 2022. At the same time, Guatemala (X%), Honduras (X%) and Brazil (X%) displayed positive paces of growth. Moreover, Guatemala emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, the Dominican Republic (X%) illustrated a downward trend over the same period. While the share of Guatemala (X p.p.) and Honduras (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Mexico (X p.p.) and the Dominican Republic (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) remains the largest twine product supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was held by Guatemala ($X), with a X% share of total exports. It was followed by Honduras, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Mexico totaled X%. In the other countries, the average annual rates were as follows: Guatemala (X% per year) and Honduras (X% per year).

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, falling by X% against the previous year. In general, the export price continues to indicate a pronounced descent. The pace of growth appeared the most rapid in 2015 an increase of X%. The level of export peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

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 Brazil ($X per ton), while Honduras ($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 Dominican Republic (X%), while the other leaders experienced a decline in the export price figures.

Twine Product Imports

Imports in Latin America and the Caribbean

Twine product imports reduced modestly to X tons in 2022, leveling off at 2021 figures. Total imports indicated buoyant growth 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 pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X tons, and then declined slightly in the following year.

In value terms, twine product imports expanded notably to $X in 2022. The total import value 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 throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by X%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

Mexico prevails in imports structure, resulting at X tons, which was near X% of total imports in 2022. It was distantly followed by Chile (X tons), Colombia (X tons), Guatemala (X tons) and Panama (X tons), together achieving a X% share of total imports. The following importers - Honduras (X tons), Costa Rica (X tons), Nicaragua (X tons), Argentina (X tons), Bolivia (X tons), Brazil (X tons) and El Salvador (X tons) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to twine product imports into Mexico stood at X%. At the same time, Guatemala (X%), Bolivia (X%), Honduras (X%), Colombia (X%), Chile (X%), El Salvador (X%), Nicaragua (X%) and Argentina (X%) displayed positive paces of growth. Moreover, Guatemala emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Costa Rica (X%), Panama (X%) and Brazil (X%) illustrated a downward trend over the same period. While the share of Mexico (X p.p.), Guatemala (X p.p.), Honduras (X p.p.), Colombia (X p.p.), Chile (X p.p.) and Bolivia (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Costa Rica (X p.p.), Brazil (X p.p.) and Panama (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported articles of twine, cordage, rope or cables in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was taken by Chile ($X), with an X% share of total imports. It was followed by Colombia, with a X% share.

In Mexico, twine product imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Chile (X% per year) and Colombia (X% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2017 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 Brazil ($X per ton), while Guatemala ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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