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

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

For the tenth consecutive year, the East European market for nets of twine, cordage, rope or textile materials recorded growth in sales value, which increased by 0.8% to $X in 2021. The total consumption indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +6.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +81.0% against 2012 indices. The level of consumption peaked in 2021 and is likely to see gradual growth in the near future.

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

In value terms, twine, cordage or textile net production reduced modestly to $X in 2021 estimated in export price. The total production indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +6.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +70.8% against 2012 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by 17% against the previous year. The level of production peaked at $X in 2020, and then fell slightly in the following year.

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

Exports in Eastern Europe

In 2021, the amount of nets of twine, cordage, rope or textile materials exported in Eastern Europe expanded remarkably to X tons, with an increase of 12% against the year before. Total exports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +8.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by +0.1% against 2018 indices. The pace of growth appeared the most rapid in 2018 when exports increased by 32%. Over the period under review, the exports attained the maximum in 2021 and are likely to see steady growth in the near future.

In value terms, twine, cordage or textile net exports surged to $X in 2021. Total exports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +8.7% 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 +4.6% against 2018 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 25% against the previous year. The level of export peaked in 2021 and is expected to retain growth in the immediate term.

Exports by Country

In 2021, Lithuania (X tons) was the largest exporter of nets of twine, cordage, rope or textile materials, making up 41% of total exports. It was distantly followed by Poland (X tons), Russia (X tons), the Czech Republic (X tons) and Slovakia (X tons), together generating a 48% share of total exports. The following exporters - Estonia (X tons) and Belarus (X tons) - together made up 6% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Belarus (with a CAGR of +21.7%), while the other leaders experienced more modest paces of growth.

In value terms, Lithuania ($X) remains the largest twine, cordage or textile net supplier in Eastern Europe, comprising 44% of total exports. The second position in the ranking was taken by Poland ($X), with a 15% share of total exports. It was followed by Russia, with a 12% share.

From 2012 to 2021, the average annual growth rate of value in Lithuania amounted to +11.2%. In the other countries, the average annual rates were as follows: Poland (+17.7% per year) and Russia (+8.2% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2021, picking up by 6.8% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the export price increased by 12%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was the Czech Republic ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lithuania (+3.9%), while the other leaders experienced more modest paces of growth.

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

Imports in Eastern Europe

In 2021, approx. X tons of nets of twine, cordage, rope or textile materials were imported in Eastern Europe; surging by 16% on the previous year's figure. In general, imports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 29%. The volume of import peaked in 2021 and is expected to retain growth in the near future.

In value terms, twine, cordage or textile net imports skyrocketed to $X in 2021. Total imports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +7.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +21.5% against 2018 indices. The pace of growth appeared the most rapid in 2018 with an increase of 26% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Poland (X tons), Russia (X tons) and Lithuania (X tons) represented roughly 56% of total imports in 2021. Romania (X tons) took a 9.3% share (based on physical terms) of total imports, which put it in second place, followed by Ukraine (8%), the Czech Republic (7.2%) and Hungary (5.8%).

From 2012 to 2021, the biggest increases were in Hungary (with a CAGR of +28.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest twine, cordage or textile net importing markets in Eastern Europe were Russia ($X), Poland ($X) and the Czech Republic ($X), with a combined 58% share of total imports. Lithuania, Romania, Hungary and Ukraine lagged somewhat behind, together comprising a further 28%.

Hungary, with a CAGR of +22.3%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2021, increasing by 6.3% against the previous year. In general, the import price, however, recorded a mild descent. The pace of growth was the most pronounced in 2018 an increase of 14%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was the Czech Republic ($X per ton), while Ukraine ($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 (+2.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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