Global Twine Product Market 2024

Twine Product Market Size

The global twine product market declined modestly to $X in 2022, approximately equating the previous year. In general, the total consumption indicated a perceptible increase 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. Global consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Twine Product Production

In value terms, twine product production dropped modestly to $X in 2022 estimated in export price. In general, the total production indicated a measured 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 most prominent rate of growth was recorded in 2016 with an increase of X%. Global production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Twine Product Exports

Exports

For the third consecutive year, the global market recorded growth in shipments abroad of articles of twine, cordage, rope or cables, which increased by X% to X tons in 2022. In general, total exports indicated a resilient 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 pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the global exports reached the peak figure in 2022 and are likely to continue growth in the immediate term.

In value terms, twine product exports rose markedly to $X in 2022. Overall, exports saw resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the global exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

China dominates exports structure, amounting to X tons, which was approx. X% of total exports in 2022. Portugal (X tons), India (X tons), the Netherlands (X tons), the United States (X tons), Germany (X tons), Bangladesh (X tons) and Turkey (X tons) held a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to twine product exports from China stood at X%. At the same time, Bangladesh (X%), Turkey (X%), Portugal (X%), the Netherlands (X%), India (X%), Germany (X%) and the United States (X%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. China (X p.p.), Bangladesh (X p.p.) and Portugal (X p.p.) significantly strengthened its position in terms of the global exports, while Germany, India and the United States saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest twine product supplier worldwide, comprising X% of global exports. The second position in the ranking was held by Germany ($X), with a X% share of global exports. It was followed by the United States, with a X% share.

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

Export Prices by Country

In 2022, the average twine product export price amounted to $X per ton, picking up by X% against the previous year. Overall, the export price showed a relatively flat trend pattern. As a result, the export 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 suppliers, the country with the highest price was Germany ($X per ton), while Bangladesh ($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 United States (X%), while the other global leaders experienced more modest paces of growth.

Twine Product Imports

Imports

In 2022, global imports of articles of twine, cordage, rope or cables stood at X tons, growing by X% against the year before. In general, total imports indicated strong 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 2018 indices. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, global imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, twine product imports rose modestly 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 in certain years. The growth pace was the most rapid in 2021 with an increase of X%. Global imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the United States (X tons) was the major importer of articles of twine, cordage, rope or cables, comprising X% of total imports. Germany (X tons) ranks second in terms of the total imports with a X% share, followed by the Netherlands (X%) and France (X%). The UK (X tons), Mexico (X tons), Canada (X tons), South Korea (X tons), Spain (X tons), Italy (X tons), Australia (X tons), Japan (X tons) and Belgium (X tons) took a minor share of total imports.

Imports into the United States increased at an average annual rate of X% from 2012 to 2022. At the same time, South Korea (X%), the Netherlands (X%), France (X%), Belgium (X%), Germany (X%), Australia (X%), Mexico (X%), Spain (X%), Italy (X%), Canada (X%), the UK (X%) and Japan (X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2022. The Netherlands (X p.p.), France (X p.p.), Germany (X p.p.) and South Korea (X p.p.) significantly strengthened its position in terms of the global imports, while the UK and the United States saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported articles of twine, cordage, rope or cables worldwide, comprising X% of global imports. The second position in the ranking was taken by Germany ($X), with a X% share of global imports. It was followed by the UK, with a X% share.

In the United States, twine product imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Germany (X% per year) and the UK (X% per year).

Import Prices by Country

The average twine product import price stood at $X per ton in 2022, leveling off at the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average import price increased by X% against the previous year. Global import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per ton), while France ($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 UK (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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