Egypt: Twine And Cordage Market 2025

Twine And Cordage Market Size in Egypt

The Egyptian twine and cordage market stood at $X in 2022, growing by 9.2% against the previous year. Over the period under review, the total consumption indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +8.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -5.3% against 2020 indices. Twine and cordage consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Twine And Cordage Production in Egypt

In value terms, twine and cordage production expanded remarkably to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a strong expansion. The growth pace was the most rapid in 2015 with an increase of 81% against the previous year. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Twine And Cordage Exports

Exports from Egypt

In 2022, overseas shipments of twine, cordage, rope and cables decreased by -21.8% to X tons, falling for the second consecutive year after four years of growth. Overall, exports, however, continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2020 when exports increased by 124% against the previous year. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, twine and cordage exports declined sharply to $X in 2022. Over the period under review, exports, however, continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2020 with an increase of 87% against the previous year. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Sudan (X tons), Italy (X tons) and Saudi Arabia (X tons) were the main destinations of twine and cordage exports from Egypt, with a combined 69% share of total exports. Libya, Germany, Tunisia, Hungary and Greece lagged somewhat behind, together comprising a further 24%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hungary (with a CAGR of +77.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for twine and cordage exported from Egypt were Sudan ($X), Italy ($X) and Germany ($X), with a combined 63% share of total exports. Saudi Arabia, Tunisia, Libya, Hungary and Greece lagged somewhat behind, together comprising a further 29%.

Hungary, with a CAGR of +152.2%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination 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 twine and cordage export price amounted to $X per ton, stabilizing at the previous year. In general, the export price, however, recorded a modest increase. The growth pace was the most rapid in 2016 when the average export price increased by 86% against the previous year. 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.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Sudan ($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 Hungary (+42.3%), while the prices for the other major destinations experienced more modest paces of growth.

Twine And Cordage Imports

Imports into Egypt

In 2022, after three years of decline, there was significant growth in purchases abroad of twine, cordage, rope and cables, when their volume increased by 11% to X tons. Over the period under review, imports continue to indicate a modest expansion. The pace of growth appeared the most rapid in 2018 when imports increased by 219% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, twine and cordage imports shrank remarkably to $X in 2022. In general, imports posted a noticeable increase. The growth pace was the most rapid in 2018 with an increase of 356%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

China (X tons), Saudi Arabia (X tons) and Portugal (X tons) were the main suppliers of twine and cordage imports to Egypt, together comprising 56% of total imports. Germany, the United Arab Emirates, Norway, the Netherlands, India and the UK lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2022, the biggest increases were recorded for Norway (with a CAGR of +26.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of twine, cordage, rope and cables to Egypt, comprising 37% of total imports. The second position in the ranking was taken by Portugal ($X), with a 14% share of total imports. It was followed by Germany, with an 8.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +17.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (+10.4% per year) and Germany (-1.1% per year).

Import Prices by Country

In 2022, the average twine and cordage import price amounted to $X per ton, which is down by -23.8% against the previous year. In general, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, twine and cordage import price increased by +49.4% against 2019 indices. The growth pace was the most rapid in 2018 an increase of 43%. The import price peaked at $X per ton in 2021, and then declined significantly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Norway ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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