Eastern Asia: Market for Nets of Twine, Cordage, Rope or Textile Materials 2022

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

In 2021, the East Asian market for nets of twine, cordage, rope or textile materials decreased by -13.3% to $X for the first time since 2014, thus ending a six-year rising trend. The total consumption indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2020, and then declined in the following year.

Production of Nets of Twine, Cordage, Rope or Textile Materials in Eastern Asia

In value terms, twine, cordage or textile net production fell slightly to $X in 2021 estimated in export price. The total production indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +6.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +74.4% against 2012 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by 26%. The level of production peaked at $X in 2020, and then declined modestly in the following year.

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

Exports in Eastern Asia

In 2021, twine, cordage or textile net exports in Eastern Asia surged to X tons, jumping by 20% compared with 2020 figures. Total exports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +7.0% 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 +83.7% against 2012 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, twine, cordage or textile net exports soared to $X in 2021. The total export value increased at an average annual rate of +5.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China dominates exports structure, resulting at X tons, which was approx. 88% of total exports in 2021. It was distantly followed by Japan (X tons), constituting a 6.5% share of total exports. South Korea (X tons) and Taiwan (Chinese) (X tons) took a relatively small share of total exports.

China was also the fastest-growing in terms of the nets of twine, cordage, rope or textile materials exports, with a CAGR of +8.5% from 2012 to 2021. At the same time, Japan (+2.7%) displayed positive paces of growth. By contrast, South Korea (-3.0%) and Taiwan (Chinese) (-3.4%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China increased by +10 percentage points.

In value terms, China ($X) remains the largest twine, cordage or textile net supplier in Eastern Asia, comprising 87% of total exports. The second position in the ranking was held by Japan ($X), with a 5.5% share of total exports. It was followed by South Korea, with a 3.8% share.

From 2012 to 2021, the average annual growth rate of value in China amounted to +7.0%. In the other countries, the average annual rates were as follows: Japan (-1.7% per year) and South Korea (-1.5% per year).

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per ton, remaining constant against the previous year. In general, the export price continues to indicate a slight shrinkage. The growth pace was the most rapid in 2016 an increase of 11% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Taiwan (Chinese) ($X per ton), while Japan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+1.5%), while the other leaders experienced mixed trends in the export price figures.

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

Imports in Eastern Asia

After two years of growth, overseas purchases of nets of twine, cordage, rope or textile materials decreased by -2.7% to X tons in 2021. The total import volume increased at an average annual rate of +2.0% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when imports increased by 8.3%. The volume of import peaked at X tons in 2020, and then shrank in the following year.

In value terms, twine, cordage or textile net imports amounted to $X in 2021. Over the period under review, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 4.2% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to see steady growth in the near future.

Imports by Country

Japan (X tons) and South Korea (X tons) prevails in imports structure, together comprising 85% of total imports. China (X tons) ranks next in terms of the total imports with a 6.4% share, followed by Taiwan (Chinese) (5.5%). Hong Kong SAR (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were in South Korea (with a CAGR of +6.8%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Japan ($X), South Korea ($X) and China ($X) constituted the countries with the highest levels of imports in 2021, with a combined 92% share of total imports.

South Korea, with a CAGR of +8.6%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2021, rising by 4.2% against the previous year. In general, the import price, however, saw a mild slump. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+1.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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