Africa: Twine Product Market 2022

Twine Product Market Size in Africa

In 2021, the African twine product market decreased by -6.3% to $X for the first time since 2015, thus ending a five-year rising trend. Over the period under review, consumption, however, recorded a prominent expansion. Over the period under review, the market reached the peak level at $X in 2020, and then fell in the following year.

Twine Product Production in Africa

In value terms, twine product production shrank to $X in 2021 estimated in export price. Overall, production, however, showed a buoyant expansion. The pace of growth was the most pronounced in 2016 when the production volume increased by 24%. The level of production peaked at $X in 2020, and then reduced in the following year.

Twine Product Exports

Exports in Africa

After three years of decline, overseas shipments of articles of twine, cordage, rope or cables increased by 47% to X tons in 2021. The total export volume increased at an average annual rate of +2.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, twine product exports soared to $X in 2021. Overall, exports, however, recorded a perceptible shrinkage. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, Tunisia (X tons) and South Africa (X tons) were the largest exporters of articles of twine, cordage, rope or cables in Africa, together committing 74% of total exports. Cote d'Ivoire (X tons) took a 15% share (based on physical terms) of total exports, which put it in second place, followed by Mauritius (6.3%).

From 2012 to 2021, the biggest increases were in Mauritius (with a CAGR of +70.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest twine product supplying countries in Africa were South Africa ($X), Tunisia ($X) and Cote d'Ivoire ($X), together accounting for 87% of total exports. Mauritius lagged somewhat behind, accounting for a further 7.9%.

Among the main exporting countries, Mauritius, with a CAGR of +61.0%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2021, the export price in Africa amounted to $X per ton, rising by 14% against the previous year. Overall, the export price, however, recorded a noticeable downturn. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Mauritius ($X per ton), while Cote d'Ivoire ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (+0.4%), while the other leaders experienced a decline in the export price figures.

Twine Product Imports

Imports in Africa

In 2021, purchases abroad of articles of twine, cordage, rope or cables increased by 30% to X tons for the first time since 2018, thus ending a two-year declining trend. Total imports indicated noticeable growth from 2012 to 2021: its volume increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -5.9% against 2018 indices. The pace of growth appeared the most rapid in 2018 with an increase of 61%. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, twine product imports surged to $X in 2021. The total import value increased at an average annual rate of +3.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Tanzania (X tons), followed by Algeria (X tons), South Africa (X tons), Morocco (X tons) and Mozambique (X tons) represented the key importers of articles of twine, cordage, rope or cables, together creating 48% of total imports. Ethiopia (X tons), Senegal (X tons), Ghana (X tons), Tunisia (X tons), Madagascar (X tons), Angola (X tons), Zambia (X tons) and Egypt (X tons) took a minor share of total imports.

From 2012 to 2021, the biggest increases were in Tanzania (with a CAGR of +33.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest twine product importing markets in Africa were Tunisia ($X), Morocco ($X) and South Africa ($X), with a combined 32% share of total imports. These countries were followed by Algeria, Madagascar, Mozambique, Egypt, Tanzania, Senegal, Ghana, Angola, Ethiopia and Zambia, which together accounted for a further 42%.

Among the main importing countries, Tanzania, with a CAGR of +32.5%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Africa stood at $X per ton in 2021, waning by -1.7% against the previous year. In general, the import price showed a slight reduction. The most prominent rate of growth was recorded in 2014 an increase of 12% against the previous year. The level of import peaked at $X per ton in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Tunisia ($X per ton), while Tanzania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Tunisia (+7.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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