Chile: Twine And Cordage Market 2024

Twine And Cordage Market Size in Chile

The Chilean twine and cordage market soared to $X in 2022, rising by 34% against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the near future.

Twine And Cordage Production in Chile

In value terms, twine and cordage production fell modestly to $X in 2022 estimated in export price. Overall, production showed a abrupt setback. The most prominent rate of growth was recorded in 2015 with an increase of 16% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Twine And Cordage Exports

Exports from Chile

In 2022, shipments abroad of twine, cordage, rope and cables increased by 44% to X tons, rising for the second consecutive year after two years of decline. In general, exports enjoyed a notable expansion. The pace of growth was the most pronounced in 2018 when exports increased by 102% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, twine and cordage exports soared to $X in 2022. Overall, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by 102%. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Peru (X tons) was the main destination for twine and cordage exports from Chile, with a 87% share of total exports. Moreover, twine and cordage exports to Peru exceeded the volume sent to the second major destination, Paraguay (X tons), more than tenfold. Mexico (X tons) ranked third in terms of total exports with a 2.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Peru amounted to +6.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (+6.4% per year) and Mexico (-0.7% per year).

In value terms, Peru ($X) remains the key foreign market for twine, cordage, rope and cables exports from Chile, comprising 36% of total exports. The second position in the ranking was held by Mexico ($X), with an 11% share of total exports. It was followed by Paraguay, with an 8.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Peru totaled +8.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+1.0% per year) and Paraguay (+6.2% per year).

Export Prices by Country

The average twine and cordage export price stood at $X per ton in 2022, declining by -9.9% against the previous year. Overall, the export price recorded a perceptible descent. The most prominent rate of growth was recorded in 2014 an increase of 35%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Colombia ($X per ton), while the average price for exports to Peru ($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 Colombia (+10.2%), while the prices for the other major destinations experienced more modest paces of growth.

Twine And Cordage Imports

Imports into Chile

In 2022, approx. X tons of twine, cordage, rope and cables were imported into Chile; surging by 32% on 2021 figures. Over the period under review, total imports indicated a measured expansion from 2012 to 2022: its volume increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +2.7% against 2018 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 58%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, twine and cordage imports skyrocketed to $X in 2022. Overall, total imports indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +75.3% against 2020 indices. The pace of growth was the most pronounced in 2018 when imports increased by 51% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the near future.

Imports by Country

India (X tons), China (X tons) and South Korea (X tons) were the main suppliers of twine and cordage imports to Chile, together comprising 76% of total imports. Vietnam, Spain, Peru, Portugal and New Zealand lagged somewhat behind, together comprising a further 21%.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +26.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest twine and cordage suppliers to Chile were India ($X), China ($X) and South Korea ($X), with a combined 68% share of total imports. Vietnam, Spain, Peru, Portugal and New Zealand lagged somewhat behind, together comprising a further 24%.

Vietnam, with a CAGR of +29.0%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average twine and cordage import price amounted to $X per ton, surging by 6.4% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 28%. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :