Central Asia: Twine And Cordage Market 2022

Twine And Cordage Market Size in Central Asia

The Central Asian twine and cordage market rose to $X in 2021, surging by 2.9% against the previous year. The market 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. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Twine And Cordage Production in Central Asia

In value terms, twine and cordage production expanded to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of 24% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Twine And Cordage Exports

Exports in Central Asia

In 2021, after two years of growth, there was significant decline in shipments abroad of twine, cordage, rope and cables, when their volume decreased by -52.6% to X tons. In general, exports, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2020 with an increase of 122%. As a result, the exports attained the peak of X tons, and then dropped significantly in the following year.

In value terms, twine and cordage exports fell remarkably to $X in 2021. Over the period under review, exports, however, showed buoyant growth. The growth pace was the most rapid in 2020 with an increase of 123%. As a result, the exports reached the peak of $X, and then declined rapidly in the following year.

Exports by Country

Uzbekistan was the major exporter of twine, cordage, rope and cables in Central Asia, with the volume of exports resulting at X tons, which was approx. 76% of total exports in 2021. Turkmenistan (X tons) took a 16% share (based on physical terms) of total exports, which put it in second place, followed by Kazakhstan (8.7%).

From 2012 to 2021, average annual rates of growth with regard to twine and cordage exports from Uzbekistan stood at +14.1%. At the same time, Turkmenistan (+72.9%) and Kazakhstan (+18.8%) displayed positive paces of growth. Moreover, Turkmenistan emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of +72.9% from 2012-2021. From 2012 to 2021, the share of Turkmenistan increased by +15 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Uzbekistan ($X) remains the largest twine and cordage supplier in Central Asia, comprising 76% of total exports. The second position in the ranking was taken by Turkmenistan ($X), with a 12% share of total exports.

In Uzbekistan, twine and cordage exports expanded at an average annual rate of +10.6% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Turkmenistan (+62.3% per year) and Kazakhstan (+7.5% per year).

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2021, jumping by 49% against the previous year. Overall, the export price, however, recorded a pronounced setback. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Kazakhstan ($X per ton), while Turkmenistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (-3.1%), while the other leaders experienced a decline in the export price figures.

Twine And Cordage Imports

Imports in Central Asia

In 2021, approx. X tons of twine, cordage, rope and cables were imported in Central Asia; increasing by 11% compared with the previous year. Total imports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +7.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by +0.0% against 2018 indices. The pace of growth was the most pronounced in 2018 when imports increased by 25% against the previous year. The volume of import peaked in 2021 and is expected to retain growth in years to come.

In value terms, twine and cordage imports totaled $X in 2021. The total import value increased at an average annual rate of +5.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 when imports increased by 26% against the previous year. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Kazakhstan (X tons) represented the key importer of twine, cordage, rope and cables, creating 58% of total imports. Kyrgyzstan (X tons) ranks second in terms of the total imports with a 21% share, followed by Mongolia (14%). The following importers - Tajikistan (X tons) and Turkmenistan (X tons) - each amounted to a 5.7% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to twine and cordage imports into Kazakhstan stood at +6.0%. At the same time, Mongolia (+18.2%), Kyrgyzstan (+10.3%) and Turkmenistan (+8.6%) displayed positive paces of growth. Moreover, Mongolia emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +18.2% from 2012-2021. By contrast, Tajikistan (-6.0%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Mongolia and Kyrgyzstan increased by +8.1 and +4.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) constitutes the largest market for imported twine, cordage, rope and cables in Central Asia, comprising 61% of total imports. The second position in the ranking was held by Mongolia ($X), with a 15% share of total imports. It was followed by Kyrgyzstan, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Kazakhstan amounted to +4.9%. The remaining importing countries recorded the following average annual rates of imports growth: Mongolia (+22.6% per year) and Kyrgyzstan (+3.1% per year).

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2021, which is down by -7.1% against the previous year. Over the period under review, the import price continues to indicate a pronounced decline. The growth pace was the most rapid in 2019 when the import price increased by 11% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Tajikistan ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mongolia (+3.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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