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Canada - Twine, Cordage, Rope And Cables - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

Canada - Twine, Cordage, Rope And Cables - Market Analysis, Forecast, Size, Trends and Insights

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Mar 29, 2023

Twine and Cordage Price in Canada Drops by 9% to $3,534 per Ton

Canada Twine And Cordage Import Price in December 2022

In December 2022, the twine and cordage price stood at $3,534 per ton (CIF, Canada), waning by -8.9% against the previous month. In general, the import price showed a mild shrinkage. The pace of growth appeared the most rapid in August 2022 an increase of 35% against the previous month. As a result, import price reached the peak level of $4,507 per ton. From September 2022 to December 2022, the average import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was the United States ($6,463 per ton), while the price for Brazil ($1,158 per ton) was amongst the lowest.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Israel (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Canada Twine And Cordage Imports

In December 2022, the amount of twine, cordage, rope and cables imported into Canada surged to 1.8K tons, with an increase of 30% on the month before. Over the period under review, imports showed noticeable growth. The growth pace was the most rapid in February 2022 with an increase of 78% against the previous month. Imports peaked at 3.5K tons in May 2022; however, from June 2022 to December 2022, imports remained at a lower figure.

In value terms, twine and cordage imports skyrocketed to $6.3M (IndexBox estimates) in December 2022. Overall, imports saw a mild expansion. The most prominent rate of growth was recorded in March 2022 with an increase of 54% month-to-month. Over the period under review, imports reached the peak figure at 11K tons in May 2022; however, from June 2022 to December 2022, imports stood at a somewhat lower figure.

Canada Twine And Cordage Imports by Country

China (434 tons), Portugal (370 tons) and the United States (223 tons) were the main suppliers of twine and cordage imports to Canada, together comprising 57% of total imports. These countries were followed by India, Hungary, Brazil, Vietnam and Israel, which together accounted for a further 30%.

From December 2021 to December 2022, the biggest increases were in Brazil (with a CAGR of +103.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest twine and cordage suppliers to Canada were China ($1.5M), the United States ($1.4M) and Portugal ($1.1M), with a combined 65% share of total imports. These countries were followed by Hungary, Vietnam, India, Israel and Brazil, which together accounted for a further 20%.

In terms of the main suppliers, Brazil, with a CAGR of +81.4%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Canadian Twine and Cordage Prices Decline as International Competition and Decreased Demand Affect Market

According to industry analysts, the decline in prices is due to a number of factors. Firstly, there has been an increase in competition from international manufacturers, who are able to produce these products more cheaply thanks to lower labour costs and economies of scale.

In addition, there has been a decrease in demand from key markets such as the automotive and construction industries, which are major consumers of twine and cordage products. This has led to a glut of supply on the market, which in turn has resulted in a decline in prices.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the twine and cordage market in Canada. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 13941133 -
  • Prodcom 13941135 -
  • Prodcom 13941153 - Sisal binder or baler (agricultural) twines
  • Prodcom 13941155 - Polyethylene or polypropylene binder or baler (agricultural) t wines
  • Prodcom 13941160 - Cordage, ropes or cables of polyethylene, polypropylene, n ylon or other polyamides or of polyesters measuring > .50 .000 decitex, of other synthetic fibres (excluding binder or baler twine)
  • Prodcom 13941170 - Twines of polyethylene or polypropylene, of nylon or other polyamides or polyesters measuring . .50 .000 decitex (5 g/m) (excluding binder or baler twine)
  • Prodcom 13941190 - Twines, cordage, rope and cables of textile materials (excluding jute and other textile bast fibres, sisal, abaca or other hard leaf fibres, synthetic fibres)

Country coverage:

  • Canada

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Canada
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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