Estonia: Market for Nets of Twine, Cordage, Rope or Textile Materials 2024

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

The Estonian market for nets of twine, cordage, rope or textile materials expanded slightly to $X in 2022, picking up by 3.4% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Production of Nets of Twine, Cordage, Rope or Textile Materials in Estonia

In value terms, twine, cordage or textile net production contracted modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of 34%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

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

Exports from Estonia

In 2022, exports of nets of twine, cordage, rope or textile materials from Estonia was estimated at X tons, approximately equating the year before. Over the period under review, total exports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +9.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +5.0% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of 210% against the previous year. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, twine, cordage or textile net exports rose significantly to $X in 2022. In general, total exports indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -3.3% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 73% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Denmark (X tons) was the main destination for twine, cordage or textile net exports from Estonia, with a 81% share of total exports. Moreover, twine, cordage or textile net exports to Denmark exceeded the volume sent to the second major destination, Finland (X tons), more than tenfold. The third position in this ranking was taken by South Korea (X tons), with a 3.6% share.

From 2012 to 2022, the average annual growth rate of volume to Denmark amounted to +34.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (-9.2% per year) and South Korea (+12.3% per year).

In value terms, Denmark ($X) remains the key foreign market for nets of twine, cordage, rope or textile materials exports from Estonia, comprising 40% of total exports. The second position in the ranking was taken by Finland ($X), with a 10% share of total exports. It was followed by South Korea, with a 7.3% share.

From 2012 to 2022, the average annual growth rate of value to Denmark stood at +28.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (-11.9% per year) and South Korea (+17.0% per year).

Export Prices by Country

In 2022, the average export price for nets of twine, cordage, rope or textile materials amounted to $X per ton, picking up by 9.7% against the previous year. Over the period under review, the export price, however, showed a perceptible downturn. The most prominent rate of growth was recorded in 2016 an increase of 15% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the 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 Norway ($X per ton), while the average price for exports to Denmark ($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 Norway (+13.3%), while the prices for the other major destinations experienced mixed trend patterns.

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

Imports into Estonia

In 2022, overseas purchases of nets of twine, cordage, rope or textile materials increased by 1.9% to X tons, rising for the third consecutive year after two years of decline. In general, imports recorded a modest expansion. The growth pace was the most rapid in 2013 when imports increased by 180% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, twine, cordage or textile net imports shrank to $X in 2022. Overall, imports enjoyed moderate growth. The pace of growth appeared the most rapid in 2013 with an increase of 215% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

China (X tons), Denmark (X tons) and Turkey (X tons) were the main suppliers of twine, cordage or textile net imports to Estonia, with a combined 83% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +65.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X), China ($X) and Finland ($X) appeared to be the largest twine, cordage or textile net suppliers to Estonia, with a combined 78% share of total imports. Turkey, Germany, Russia and Vietnam lagged somewhat behind, together comprising a further 12%.

Turkey, with a CAGR of +35.9%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for nets of twine, cordage, rope or textile materials stood at $X per ton in 2022, waning by -14.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. The pace of growth was the most pronounced in 2021 an increase of 34% against the previous year. As a result, import price attained the peak level of $X per ton, and then reduced in the following year.

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 Finland ($X per ton), while the price for Turkey ($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 (+4.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform