Ethiopia: Twine And Cordage Market 2025

Twine And Cordage Market Size in Ethiopia

The Ethiopian twine and cordage market soared to $X in 2022, with an increase of 58% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a prominent increase. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Twine And Cordage Exports

Exports from Ethiopia

In 2022, approx. X tons of twine, cordage, rope and cables were exported from Ethiopia; reducing by -19.9% on the previous year's figure. Overall, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2019 when exports increased by 20,724%. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, twine and cordage exports contracted notably to $X in 2022. Over the period under review, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2019 when exports increased by 13,288%. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons), Djibouti (X tons) and China (X tons) were the main destinations of twine and cordage exports from Ethiopia, with a combined 87% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United Arab Emirates (with a CAGR of +93.3%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the key foreign market for twine, cordage, rope and cables exports from Ethiopia, comprising 50% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 19% share of total exports. It was followed by Djibouti, with a 17% share.

From 2012 to 2022, the average annual growth rate of value to China stood at +22.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+46.8% per year) and Djibouti (+62.1% per year).

Export Prices by Country

In 2022, the average twine and cordage export price amounted to $X per ton, which is down by -14.7% against the previous year. Overall, the export price saw a deep setback. The most prominent rate of growth was recorded in 2018 when the average export price increased by 33% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to the United Arab Emirates ($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 China (+0.1%), while the prices for the other major destinations experienced a decline.

Twine And Cordage Imports

Imports into Ethiopia

In 2022, the amount of twine, cordage, rope and cables imported into Ethiopia surged to X tons, growing by 83% compared with 2021 figures. Over the period under review, imports enjoyed temperate growth. The most prominent rate of growth was recorded in 2013 with an increase of 604%. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, twine and cordage imports soared to $X in 2022. In general, imports showed a prominent expansion. The most prominent rate of growth was recorded in 2013 with an increase of 658%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Sudan (X tons) constituted the largest supplier of twine and cordage to Ethiopia, with a 53% share of total imports. Moreover, twine and cordage imports from Sudan exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was held by Germany (X tons), with a 14% share.

From 2012 to 2022, the average annual growth rate of volume from Sudan amounted to +13.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+0.7% per year) and Germany (+6.1% per year).

In value terms, China ($X) constituted the largest supplier of twine, cordage, rope and cables to Ethiopia, comprising 43% of total imports. The second position in the ranking was taken by Sudan ($X), with a 21% share of total imports. It was followed by Portugal, with a 9.1% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +9.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Sudan (+8.3% per year) and Portugal (+61.3% per year).

Import Prices by Country

The average twine and cordage import price stood at $X per ton in 2022, which is down by -21.2% against the previous year. Overall, import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +2.7% 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 +33.1% against 2018 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by 47% against the previous year. As a result, import price attained the peak level of $X per ton, and then contracted sharply in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (+552.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform