EU: Twine Product Market 2022

Twine Product Market Size in the EU

The EU twine product market skyrocketed to $X in 2021, rising by 19% against the previous year. The total consumption indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +6.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +94.6% against 2015 indices. Over the period under review, the market reached the maximum level in 2021 and is expected to retain growth in years to come.

Twine Product Production in the EU

In value terms, twine product production expanded slightly to $X in 2021 estimated in export price. The total production indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +3.7% 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 decreased by -2.5% against 2019 indices. The growth pace was the most rapid in 2019 when the production volume increased by 23% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

Twine Product Exports

Exports in the EU

In 2021, approx. X tons of articles of twine, cordage, rope or cables were exported in the European Union; with an increase of 18% compared with 2020 figures. In general, exports recorded a prominent expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, twine product 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 +8.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +97.5% against 2015 indices. The most prominent rate of growth was recorded in 2017 when exports increased by 20%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

Exports by Country

The biggest shipments were from Germany (X tons), Portugal (X tons) and the Netherlands (X tons), together reaching 55% of total export. Poland (X tons) held a 7.3% share (based on physical terms) of total exports, which put it in second place, followed by Spain (7.3%) and Belgium (6.8%). The following exporters - France (X tons), Italy (X tons), Hungary (X tons), Latvia (X tons), the Czech Republic (X tons) and Sweden (X tons) - together made up 17% 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 Poland (with a CAGR of +29.2%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest twine product supplier in the European Union, comprising 27% of total exports. The second position in the ranking was taken by the Netherlands ($X), with an 11% share of total exports. It was followed by France, with an 8% share.

In Germany, twine product exports increased at an average annual rate of +5.3% over the period from 2012-2021. In the other countries, the average annual rates were as follows: the Netherlands (+15.2% per year) and France (+5.7% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2021, remaining stable against the previous year. In general, the export price saw a mild curtailment. The growth pace was the most rapid in 2017 when the export price increased by 11% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was the Czech Republic ($X per ton), while Portugal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+4.5%), while the other leaders experienced more modest paces of growth.

Twine Product Imports

Imports in the EU

In 2021, approx. X tons of articles of twine, cordage, rope or cables were imported in the European Union; rising by 34% compared with 2020 figures. Overall, imports recorded a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, twine product imports soared to $X in 2021. In general, imports posted a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons) and the Netherlands (X tons) represented roughly 42% of total imports in 2021. It was distantly followed by France (X tons), Italy (X tons), Spain (X tons), Belgium (X tons) and Poland (X tons), together mixing up a 39% share of total imports. Sweden (X tons) held a little share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Poland (with a CAGR of +18.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Netherlands ($X) and France ($X) constituted the countries with the highest levels of imports in 2021, with a combined 48% share of total imports. These countries were followed by Spain, Italy, Belgium, Poland and Sweden, which together accounted for a further 29%.

Poland, with a CAGR of +16.3%, 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 the European Union stood at $X per ton in 2021, picking up by 3.7% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 6.4%. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Sweden ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+2.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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