Brazil: Twine Product Market 2025

Twine Product Market Size in Brazil

In 2022, the Brazilian twine product market decreased by -0.2% to $X, falling for the fourth year in a row after three years of growth. In general, the total consumption indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -5.4% against 2018 indices. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Twine Product Production in Brazil

In value terms, twine product production fell to $X in 2022 estimated in export price. Over the period under review, the total production indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by +0.1% against 2020 indices. The pace of growth appeared the most rapid in 2018 with an increase of 31%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Twine Product Exports

Exports from Brazil

Twine product exports from Brazil skyrocketed to X tons in 2022, picking up by 172% against 2021 figures. Overall, exports showed a strong increase. The most prominent rate of growth was recorded in 2020 when exports increased by 267% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, twine product exports skyrocketed to $X in 2022. In general, exports, however, saw a abrupt contraction. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Vietnam (X tons) was the main destination for twine product exports from Brazil, with a 70% share of total exports. Moreover, twine product exports to Vietnam exceeded the volume sent to the second major destination, Paraguay (X tons), ninefold. The third position in this ranking was held by Uruguay (X tons), with a 6.1% share.

From 2012 to 2022, the average annual growth rate of volume to Vietnam totaled +6.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (+13.7% per year) and Uruguay (-2.4% per year).

In value terms, the largest markets for twine product exported from Brazil were Paraguay ($X), the United States ($X) and Vietnam ($X), with a combined 48% share of total exports.

In terms of the main countries of destination, Vietnam, with a CAGR of +170.3%, saw 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

The average twine product export price stood at $X per ton in 2022, reducing by -44.7% against the previous year. Over the period under review, the export price saw a deep setback. The most prominent rate of growth was recorded in 2021 when the average export price increased by 140%. Over the period under review, the average export prices attained the maximum at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Vietnam ($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 Vietnam (+152.9%), while the prices for the other major destinations experienced more modest paces of growth.

Twine Product Imports

Imports into Brazil

For the third year in a row, Brazil recorded decline in purchases abroad of articles of twine, cordage, rope or cables, which decreased by -26% to X tons in 2022. In general, imports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2014 when imports increased by 89%. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, twine product imports dropped to $X in 2022. Over the period under review, imports saw a slight curtailment. The most prominent rate of growth was recorded in 2014 with an increase of 102% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest twine product supplier to Brazil, accounting for a 44% share of total imports. Moreover, twine product imports from China exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X tons), threefold. Paraguay (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at -14.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+13.8% per year) and Paraguay (+25.4% per year).

In value terms, China ($X) constituted the largest supplier of articles of twine, cordage, rope or cables to Brazil, comprising 36% of total imports. The second position in the ranking was taken by the United States ($X), with a 14% share of total imports. It was followed by India, with an 8.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at -7.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-1.6% per year) and India (+23.4% per year).

Import Prices by Country

The average twine product import price stood at $X per ton in 2022, increasing by 20% against the previous year. In general, the import price enjoyed resilient growth. The most prominent rate of growth was recorded in 2016 an increase of 115% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

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 Slovakia ($X per ton), while the price for Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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