CIS: Twine And Cordage Market 2022

Twine And Cordage Market Size in CIS

The CIS twine and cordage market rose rapidly to $X in 2021, growing by 13% against the previous year. The total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +6.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +45.7% against 2014 indices. Over the period under review, the market attained the peak level in 2021 and is expected to retain growth in years to come.

Twine And Cordage Production in CIS

In value terms, twine and cordage production stood at $X in 2021 estimated in export price. The total production indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -2.2% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 22% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Twine And Cordage Exports

Exports in CIS

In 2021, overseas shipments of twine, cordage, rope and cables decreased by -19.9% to X tons for the first time since 2018, thus ending a two-year rising trend. Total exports indicated a temperate increase from 2012 to 2021: its volume increased at an average annual rate of +3.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +11.0% against 2018 indices. The most prominent rate of growth was recorded in 2020 with an increase of 25% against the previous year. As a result, the exports reached the peak of X tons, and then shrank dramatically in the following year.

In value terms, twine and cordage exports fell to $X in 2021. The total export value increased at an average annual rate of +4.2% 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 2013 with an increase of 21% against the previous year. The level of export peaked at $X in 2020, and then declined slightly in the following year.

Exports by Country

In 2021, Russia (X tons) was the main exporter of twine, cordage, rope and cables, making up 66% of total exports. It was distantly followed by Belarus (X tons), generating a 30% share of total exports. Uzbekistan (X tons) took a minor share of total exports.

Russia experienced a relatively flat trend pattern with regard to volume of exports of twine, cordage, rope and cables. At the same time, Belarus (+26.8%) and Uzbekistan (+14.1%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +26.8% from 2012-2021. While the share of Belarus (+25 p.p.) and Uzbekistan (+1.9 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Russia (-27.3 p.p.) displayed negative dynamics.

In value terms, Russia ($X) remains the largest twine and cordage supplier in the CIS, comprising 69% of total exports. The second position in the ranking was held by Belarus ($X), with a 27% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Russia was relatively modest. In the other countries, the average annual rates were as follows: Belarus (+24.9% per year) and Uzbekistan (+10.6% per year).

Export Prices by Country

In 2021, the export price in the CIS amounted to $X per ton, jumping by 24% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The level of export peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, the country with the highest price was Russia ($X per ton), while Uzbekistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+1.1%), while the other leaders experienced a decline in the export price figures.

Twine And Cordage Imports

Imports in CIS

In 2021, twine and cordage imports in the CIS expanded remarkably to X tons, increasing by 5.4% against 2020 figures. Total imports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +5.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +66.1% against 2015 indices. The pace of growth appeared the most rapid in 2017 when imports increased by 16%. Over the period under review, imports attained the maximum in 2021 and are likely to see gradual growth in the near future.

In value terms, twine and cordage imports skyrocketed to $X in 2021. Total imports indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +61.5% against 2016 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Russia (X tons) represented the major importer of twine, cordage, rope and cables, constituting 51% of total imports. Kazakhstan (X tons) took the second position in the ranking, distantly followed by Kyrgyzstan (X tons), Belarus (X tons) and Azerbaijan (X tons). All these countries together took near 44% share of total imports. Moldova (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to twine and cordage imports into Russia stood at +6.8%. At the same time, Azerbaijan (+15.0%), Kyrgyzstan (+10.3%), Kazakhstan (+6.0%) and Moldova (+3.4%) displayed positive paces of growth. Moreover, Azerbaijan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +15.0% from 2012-2021. By contrast, Belarus (-4.2%) illustrated a downward trend over the same period. While the share of Russia (+4.8 p.p.), Kyrgyzstan (+2.9 p.p.) and Azerbaijan (+2.5 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Belarus (-8.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported twine, cordage, rope and cables in the CIS, comprising 55% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a 19% share of total imports. It was followed by Azerbaijan, with a 9.1% share.

From 2012 to 2021, the average annual growth rate of value in Russia totaled +6.0%. The remaining importing countries recorded the following average annual rates of imports growth: Kazakhstan (+4.9% per year) and Azerbaijan (+13.0% per year).

Import Prices by Country

In 2021, the import price in the CIS amounted to $X per ton, increasing by 9.6% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The level of import peaked at $X per ton in 2014; however, from 2015 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 Azerbaijan ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Moldova (+1.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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