China: Market for Nets of Twine, Cordage, Rope or Textile Materials 2024

Market Size for Nets of Twine, Cordage, Rope or Textile Materials in China

The Chinese market for nets of twine, cordage, rope or textile materials rose significantly to $X in 2022, increasing by 10% against the previous year. In general, consumption showed a remarkable increase. Twine, cordage or textile net consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Nets of Twine, Cordage, Rope or Textile Materials in China

In value terms, twine, cordage or textile net production expanded modestly to $X in 2022 estimated in export price. Overall, the total production indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +7.2% 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 -2.0% against 2020 indices. The pace of growth appeared the most rapid in 2018 with an increase of 31% against the previous year. Twine, cordage or textile net production peaked at $X in 2020; afterwards, it flattened through to 2022.

Exports of Nets of Twine, Cordage, Rope or Textile Materials

Exports from China

In 2022, overseas shipments of nets of twine, cordage, rope or textile materials decreased by -8.4% to X tons for the first time since 2015, thus ending a six-year rising trend. Over the period under review, total exports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +83.9% against 2012 indices. The pace of growth was the most pronounced in 2017 with an increase of 19%. The exports peaked at X tons in 2021, and then shrank in the following year.

In value terms, twine, cordage or textile net exports fell slightly to $X in 2022. Overall, total exports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +82.0% against 2012 indices. The growth pace was the most rapid in 2021 with an increase of 25% against the previous year. As a result, the exports attained the peak of $X, and then shrank in the following year.

Exports by Country

The United States (X tons), South Korea (X tons) and Japan (X tons) were the main destinations of twine, cordage or textile net exports from China, together comprising 25% of total exports. Indonesia, Malaysia, Vietnam, Nigeria, the Philippines, Italy, Yemen, Germany, Ghana and Thailand lagged somewhat behind, together comprising a further 29%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Philippines (with a CAGR of +26.8%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Japan ($X) and South Korea ($X) constituted the largest markets for twine, cordage or textile net exported from China worldwide, with a combined 26% share of total exports. Vietnam, Malaysia, Indonesia, Nigeria, Germany, Ghana, Thailand, the Philippines, Italy and Yemen lagged somewhat behind, together comprising a further 31%.

Among the main countries of destination, the Philippines, with a CAGR of +25.9%, recorded the highest growth rate of 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

In 2022, the average export price for nets of twine, cordage, rope or textile materials amounted to $X per ton, picking up by 6.8% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the average export price increased by 12%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to Yemen ($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 (+3.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Nets of Twine, Cordage, Rope or Textile Materials

Imports into China

Twine, cordage or textile net imports into China shrank remarkably to X tons in 2022, which is down by -48.7% compared with the previous year's figure. Overall, imports showed a noticeable setback. The pace of growth appeared the most rapid in 2014 when imports increased by 29%. Over the period under review, imports reached the peak figure at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, twine, cordage or textile net imports reduced sharply to $X in 2022. Over the period under review, imports saw a deep slump. The pace of growth appeared the most rapid in 2014 with an increase of 23%. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Vietnam (X tons), South Korea (X tons) and Japan (X tons) were the main suppliers of twine, cordage or textile net imports to China, together accounting for 76% of total imports. Malaysia, Germany and Romania lagged somewhat behind, together accounting for a further 8.2%.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of +177.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Japan ($X) and South Korea ($X) constituted the largest twine, cordage or textile net suppliers to China, with a combined 44% share of total imports. Germany, Romania and Malaysia lagged somewhat behind, together accounting for a further 15%.

Romania, with a CAGR of +126.3%, 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 mixed trend patterns.

Import Prices by Country

The average import price for nets of twine, cordage, rope or textile materials stood at $X per ton in 2022, increasing by 15% against the previous year. Overall, the import price, however, continues to indicate a deep contraction. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Romania ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+1.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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