South Africa: Twine And Cordage Market 2024

Twine And Cordage Market Size in South Africa

The South African twine and cordage market fell sharply to $X in 2022, dropping by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, saw buoyant growth. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Twine And Cordage Exports

Exports from South Africa

In 2022, shipments abroad of twine, cordage, rope and cables decreased by X% to X tons, falling for the second year in a row after two years of growth. Over the period under review, exports continue to indicate a mild setback. The most prominent rate of growth was recorded in 2020 with an increase of X%. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, twine and cordage exports shrank to $X in 2022. In general, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2021, and then dropped in the following year.

Exports by Country

Namibia (X tons), the UK (X tons) and Botswana (X tons) were the main destinations of twine and cordage exports from South Africa, together accounting for X% of total exports. Mozambique, Swaziland, Australia, Lesotho, Democratic Republic of the Congo, Madagascar, Zambia, Germany, Zimbabwe and Tanzania lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Madagascar (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for twine and cordage exported from South Africa were the UK ($X), Namibia ($X) and Australia ($X), together comprising X% of total exports. Botswana, Mozambique, Zambia, Swaziland, Madagascar, Democratic Republic of the Congo, Lesotho, Zimbabwe, Germany and Tanzania lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Madagascar, 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 twine and cordage export price stood at $X per ton in 2022, reducing by X% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X%. As a result, the export price attained the peak level of $X per ton, and then shrank in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to Germany ($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 the UK (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Twine And Cordage Imports

Imports into South Africa

In 2022, twine and cordage imports into South Africa reduced to X tons, which is down by X% compared with the previous year's figure. Overall, total imports indicated a pronounced 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 decreased by X% against 2018 indices. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, twine and cordage imports dropped to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat 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, and then dropped in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest twine and cordage supplier to South Africa, with a X% share of total imports. Moreover, twine and cordage imports from China exceeded the figures recorded by the second-largest supplier, Pakistan (X tons), threefold. The third position in this ranking was held by Hungary (X tons), with a X% share.

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

In value terms, China ($X) constituted the largest supplier of twine, cordage, rope and cables to South Africa, comprising X% of total imports. The second position in the ranking was held by Hungary ($X), with a X% share of total imports. It was followed by Germany, with an X% share.

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

Import Prices by Country

The average twine and cordage import price stood at $X per ton in 2022, growing by X% against the previous year. In general, the import price, however, recorded a pronounced reduction. The pace of growth was the most pronounced in 2019 when the average import price increased by X%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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