Belgium: Twine And Cordage Market 2025

Twine And Cordage Market Size in Belgium

In 2022, the Belgian twine and cordage market decreased by -17.2% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption showed a noticeable decline. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Twine And Cordage Production in Belgium

In value terms, twine and cordage production fell slightly to $X in 2022 estimated in export price. Over the period under review, production showed a perceptible downturn. The growth pace was the most rapid in 2018 when the production volume increased by 98% against the previous year. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Twine And Cordage Exports

Exports from Belgium

After four years of growth, shipments abroad of twine, cordage, rope and cables decreased by -31.2% to X tons in 2022. Overall, exports continue to indicate a slight descent. The pace of growth was the most pronounced in 2021 with an increase of 44% against the previous year. As a result, the exports attained the peak of X tons, and then declined significantly in the following year.

In value terms, twine and cordage exports declined markedly to $X in 2022. Over the period under review, total exports indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 25%. As a result, the exports reached the peak of $X, and then contracted dramatically in the following year.

Exports by Country

The United States (X tons), the Netherlands (X tons) and France (X tons) were the main destinations of twine and cordage exports from Belgium, together accounting for 74% of total exports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +40.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), the Netherlands ($X) and France ($X) were the largest markets for twine and cordage exported from Belgium worldwide, with a combined 72% share of total exports.

The United States, with a CAGR of +47.6%, saw the highest rates of growth with regard to the value of exports, among 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 and cordage export price stood at $X per ton in 2022, surging by 15% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.2%. The growth pace was the most rapid in 2020 an increase of 19% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Poland ($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 (+7.8%), while the prices for the other major destinations experienced more modest paces of growth.

Twine And Cordage Imports

Imports into Belgium

In 2022, purchases abroad of twine, cordage, rope and cables decreased by -39% to X tons for the first time since 2015, thus ending a six-year rising trend. In general, imports recorded a slight reduction. The growth pace was the most rapid in 2021 with an increase of 47%. As a result, imports attained the peak of X tons, and then declined significantly in the following year.

In value terms, twine and cordage imports contracted rapidly to $X in 2022. Overall, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 37%. Over the period under review, imports attained the maximum at $X in 2021, and then contracted markedly in the following year.

Imports by Country

The Netherlands (X tons), Portugal (X tons) and Turkey (X tons) were the main suppliers of twine and cordage imports to Belgium, together accounting for 69% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +119.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest twine and cordage suppliers to Belgium were the Netherlands ($X), Portugal ($X) and France ($X), with a combined 49% share of total imports. Turkey, China, Poland, Brazil, the Czech Republic and Italy lagged somewhat behind, together accounting for a further 20%.

In terms of the main suppliers, Turkey, with a CAGR of +88.0%, 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 average twine and cordage import price stood at $X per ton in 2022, growing by 26% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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