Czech Republic: Twine Product Market 2025

Twine Product Market Size in the Czech Republic

The Czech twine product market declined slightly to $X in 2022, dropping by -3.2% against the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Twine Product Production in the Czech Republic

In value terms, twine product production totaled $X in 2022 estimated in export price. Overall, production, however, showed a moderate expansion. The most prominent rate of growth was recorded in 2017 when the production volume increased by 41%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Twine Product Exports

Exports from the Czech Republic

For the seventh year in a row, the Czech Republic recorded growth in overseas shipments of articles of twine, cordage, rope or cables, which increased by 11% to X tons in 2022. In general, exports showed a remarkable increase. The pace of growth appeared the most rapid in 2017 when exports increased by 61% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, twine product exports amounted to $X in 2022. Over the period under review, exports recorded a resilient increase. The most prominent rate of growth was recorded in 2017 when exports increased by 54%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for twine product exports from the Czech Republic, accounting for a 34% share of total exports. Moreover, twine product exports to Germany exceeded the volume sent to the second major destination, Norway (X tons), fourfold. Italy (X tons) ranked third in terms of total exports with a 7.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany stood at +33.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+33.4% per year) and Italy (-3.3% per year).

In value terms, Germany ($X) remains the key foreign market for articles of twine, cordage, rope or cables exports from the Czech Republic, comprising 37% of total exports. The second position in the ranking was taken by the UK ($X), with a 7.2% share of total exports. It was followed by Italy, with a 6.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany amounted to +30.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+76.5% per year) and Italy (+1.7% per year).

Export Prices by Country

In 2022, the average twine product export price amounted to $X per ton, falling by -9.6% against the previous year. Over the period under review, export price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, twine product export price increased by +46.0% against 2017 indices. The most prominent rate of growth was recorded in 2013 when the average export price increased by 48%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Norway ($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 the United States (+8.5%), while the prices for the other major destinations experienced more modest paces of growth.

Twine Product Imports

Imports into the Czech Republic

Twine product imports into the Czech Republic rose notably to X tons in 2022, with an increase of 10% against 2021 figures. Over the period under review, imports continue to indicate a prominent expansion. The growth pace was the most rapid in 2016 when imports increased by 42%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, twine product imports rose sharply to $X in 2022. Overall, total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.5% 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 +27.7% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of 26% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of twine product to the Czech Republic, accounting for a 54% share of total imports. Moreover, twine product imports from China exceeded the figures recorded by the second-largest supplier, Georgia (X tons), fourfold. The third position in this ranking was taken by Thailand (X tons), with a 9.4% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +8.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Georgia (+58.5% per year) and Thailand (+131.6% per year).

In value terms, China ($X), Germany ($X) and Thailand ($X) appeared to be the largest twine product suppliers to the Czech Republic, together accounting for 69% of total imports.

Thailand, with a CAGR of +100.2%, recorded the highest growth rate of 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 product import price amounted to $X per ton, which is down by -3.6% against the previous year. Over the period under review, the import price recorded a slight downturn. The most prominent rate of growth was recorded in 2020 when the average import price increased by 18%. Over the period under review, average import prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a 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 Austria ($X per ton), while the price for Georgia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+15.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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