Asia-Pacific: Market for Nets of Twine, Cordage, Rope or Textile Materials 2022

Market Size for Nets of Twine, Cordage, Rope or Textile Materials in Asia-Pacific

In 2021, the Asia-Pacific market for nets of twine, cordage, rope or textile materials decreased by -10.6% to $X for the first time since 2011, thus ending a nine-year rising trend. The total consumption indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X, and then shrank in the following year.

Production of Nets of Twine, Cordage, Rope or Textile Materials in Asia-Pacific

In value terms, twine, cordage or textile net production reduced to $X in 2021 estimated in export price. The total production indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +6.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +77.6% against 2012 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by 15%. The level of production peaked at $X in 2020, and then shrank slightly in the following year.

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

Exports in Asia-Pacific

In 2021, approx. X tons of nets of twine, cordage, rope or textile materials were exported in Asia-Pacific; increasing by 20% on the previous year. Total exports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +6.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +79.9% against 2012 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, twine, cordage or textile net exports soared to $X in 2021. The total export value increased at an average annual rate of +4.8% 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

China dominates exports structure, amounting to X tons, which was near 66% of total exports in 2021. Vietnam (X tons) took the second position in the ranking, followed by Thailand (X tons) and Japan (X tons). All these countries together took near 19% share of total exports. India (X tons), South Korea (X tons) and Malaysia (X tons) held a minor share of total exports.

From 2012 to 2021, average annual rates of growth with regard to twine, cordage or textile net exports from China stood at +8.5%. At the same time, Malaysia (+12.5%), India (+8.8%), Vietnam (+6.0%), Thailand (+3.3%) and Japan (+2.7%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +12.5% from 2012-2021. By contrast, South Korea (-3.0%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China increased by +8.9 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest twine, cordage or textile net supplier in Asia-Pacific, comprising 62% of total exports. The second position in the ranking was taken by Vietnam ($X), with an 8.5% share of total exports. It was followed by Thailand, with a 7.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China totaled +7.0%. In the other countries, the average annual rates were as follows: Vietnam (+3.1% per year) and Thailand (+1.4% per year).

Export Prices by Country

In 2021, the export price in Asia-Pacific amounted to $X per ton, dropping by -1.8% against the previous year. Over the period under review, the export price continues to indicate a slight descent. The most prominent rate of growth was recorded in 2016 an increase of 6.2% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Thailand ($X per ton), while Japan ($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 Korea (+1.5%), while the other leaders experienced a decline in the export price figures.

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

Imports in Asia-Pacific

In 2021, purchases abroad of nets of twine, cordage, rope or textile materials increased by 0.5% to X tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +2.9% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 when imports increased by 8.9%. Over the period under review, imports reached the peak figure 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 shrank to $X in 2021. The total import value increased at an average annual rate of +1.1% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of 6.2% against the previous year. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Japan (X tons) and South Korea (X tons) represented roughly 38% of total imports in 2021. Malaysia (X tons) ranks next in terms of the total imports with an 11% share, followed by Indonesia (10%), Vietnam (6%) and India (5.9%). The Philippines (X tons), Australia (X tons), Thailand (X tons), China (X tons), Pakistan (X tons) and Taiwan (Chinese) (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were in the Philippines (with a CAGR of +39.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), South Korea ($X) and Malaysia ($X) were the countries with the highest levels of imports in 2021, with a combined 50% share of total imports. These countries were followed by Vietnam, Australia, Indonesia, India, Thailand, China, Taiwan (Chinese), Pakistan and the Philippines, which together accounted for a further 40%.

The Philippines, with a CAGR of +22.6%, saw the highest growth rate of the value of imports, in terms of the main importing countries 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 Asia-Pacific stood at $X per ton in 2021, approximately reflecting the previous year. Over the period under review, the import price showed a mild descent. The pace of growth appeared the most rapid in 2018 when the import price increased by 6.7% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+6.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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