Africa: Market for Nets of Twine, Cordage, Rope or Textile Materials 2022

Market Size for Nets of Twine, Cordage, Rope or Textile Materials in Africa

The African market for nets of twine, cordage, rope or textile materials dropped markedly to $X in 2021, waning by -19.3% against the previous year. Overall, consumption showed a relatively flat trend pattern. The level of consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Production of Nets of Twine, Cordage, Rope or Textile Materials in Africa

In value terms, twine, cordage or textile net production dropped slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 15%. The level of production peaked at $X in 2020, and then reduced in the following year.

Exports of Nets of Twine, Cordage, Rope or Textile Materials

Exports in Africa

In 2021, shipments abroad of nets of twine, cordage, rope or textile materials increased by 14% to X tons, rising for the fourth year in a row after two years of decline. The total export volume increased at an average annual rate of +1.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2019 with an increase of 19%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, twine, cordage or textile net exports expanded sharply to $X in 2021. The total export value increased at an average annual rate of +1.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Morocco (X tons) and South Africa (X tons) represented the key exporters of nets of twine, cordage, rope or textile materials in 2021, reaching near 21% and 20% of total exports, respectively. Togo (X tons) ranks next in terms of the total exports with a 13% share, followed by Tunisia (12%), Kenya (11%), Mauritania (8.8%) and Rwanda (4.8%).

From 2012 to 2021, the biggest increases were in Rwanda (with a CAGR of +94.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest twine, cordage or textile net supplying countries in Africa were Morocco ($X), Tunisia ($X) and Togo ($X), with a combined 72% share of total exports. South Africa, Kenya, Mauritania and Rwanda lagged somewhat behind, together accounting for a further 21%.

In terms of the main exporting countries, Rwanda, with a CAGR of +79.0%, recorded the highest rates of growth with regard to 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

In 2021, the export price in Africa amounted to $X per ton, remaining relatively unchanged against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 28%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Togo (+1.5%), while the other leaders experienced mixed trends in the export price figures.

Imports of Nets of Twine, Cordage, Rope or Textile Materials

Imports in Africa

For the fourth consecutive year, Africa recorded decline in purchases abroad of nets of twine, cordage, rope or textile materials, which decreased by -28.4% to X tons in 2021. Overall, imports recorded a slight slump. The pace of growth appeared the most rapid in 2014 when imports increased by 39% against the previous year. The volume of import peaked at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, twine, cordage or textile net imports reduced markedly to $X in 2021. Over the period under review, imports continue to indicate a pronounced setback. The growth pace was the most rapid in 2014 when imports increased by 27% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Ghana (X tons) and Morocco (X tons) represented the major importers of nets of twine, cordage, rope or textile materials in Africa, together achieving 28% of total imports. Democratic Republic of the Congo (X tons) ranks next in terms of the total imports with an 8% share, followed by Angola (6.7%), South Africa (5.9%) and Senegal (4.7%). The following importers - Tanzania (X tons), Guinea (X tons), Algeria (X tons), Cote d'Ivoire (X tons), Kenya (X tons), Tunisia (X tons) and Mozambique (X tons) - each reached a 22% share of total imports.

From 2012 to 2021, the biggest increases were in South Africa (with a CAGR of +11.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest twine, cordage or textile net importing markets in Africa were Morocco ($X), Ghana ($X) and Angola ($X), together comprising 42% of total imports. These countries were followed by Cote d'Ivoire, South Africa, Democratic Republic of the Congo, Algeria, Senegal, Tunisia, Guinea, Tanzania, Mozambique and Kenya, which together accounted for a further 36%.

Among the main importing countries, South Africa, with a CAGR of +5.8%, saw 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

In 2021, the import price in Africa amounted to $X per ton, surging by 2.4% against the previous year. Over the period under review, the import price, however, continues to indicate a mild downturn. The growth pace was the most rapid in 2016 when the import price increased by 7% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Cote d'Ivoire ($X per ton), while Democratic Republic of the Congo ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Morocco (+1.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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