Belgium: Twine Product Market 2025

Twine Product Market Size in Belgium

The Belgian twine product market reduced slightly to $X in 2022, stabilizing at the previous year. Overall, consumption, however, posted buoyant growth. Twine product consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Twine Product Production in Belgium

In value terms, twine product production declined significantly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a notable expansion. The most prominent rate of growth was recorded in 2015 with an increase of 288% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Twine Product Exports

Exports from Belgium

In 2022, overseas shipments of articles of twine, cordage, rope or cables decreased by -68% to X tons for the first time since 2017, thus ending a four-year rising trend. In general, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 95%. Over the period under review, the exports attained the peak figure at X tons in 2021, and then fell rapidly in the following year.

In value terms, twine product exports declined significantly to $X in 2022. Over the period under review, exports, however, enjoyed noticeable growth. The pace of growth appeared the most rapid in 2020 when exports increased by 107%. Over the period under review, the exports reached the peak figure at $X in 2021, and then reduced notably in the following year.

Exports by Country

France (X tons), the Netherlands (X tons) and Spain (X tons) were the main destinations of twine product exports from Belgium, together comprising 63% of total exports. Germany, Italy, Latvia and Poland lagged somewhat behind, together comprising a further 17%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Latvia (with a CAGR of +55.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for twine product exported from Belgium were France ($X), the Netherlands ($X) and Spain ($X), together comprising 61% of total exports. Germany, Italy, Latvia and Poland lagged somewhat behind, together comprising a further 18%.

Latvia, with a CAGR of +43.3%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average twine product export price stood at $X per ton in 2022, surging by 45% against the previous year. Over the last decade, it increased at an average annual rate of +4.9%. 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 destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.

Twine Product Imports

Imports into Belgium

In 2022, after two years of growth, there was significant decline in supplies from abroad of articles of twine, cordage, rope or cables, when their volume decreased by -58.1% to X tons. In general, imports, however, continue to indicate a mild expansion. The pace of growth appeared the most rapid in 2020 with an increase of 82% against the previous year. Over the period under review, imports reached the maximum at X tons in 2021, and then fell sharply in the following year.

In value terms, twine product imports fell remarkably to $X in 2022. Overall, imports, however, continue to indicate strong growth. The growth pace was the most rapid in 2020 with an increase of 78%. Over the period under review, imports attained the peak figure at $X in 2021, and then declined remarkably in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest twine product supplier to Belgium, accounting for a 49% share of total imports. Moreover, twine product imports from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold. The third position in this ranking was held by Germany (X tons), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-6.9% per year) and Germany (+9.3% per year).

In value terms, China ($X) constituted the largest supplier of articles of twine, cordage, rope or cables to Belgium, comprising 38% of total imports. The second position in the ranking was taken by Germany ($X), with a 15% share of total imports. It was followed by the Netherlands, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +7.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+6.0% per year) and the Netherlands (-2.3% per year).

Import Prices by Country

The average twine product import price stood at $X per ton in 2022, surging by 32% against the previous year. Overall, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, twine product import price increased by +71.0% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+10.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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