EU: Twine And Cordage Market 2022

Twine And Cordage Market Size in the EU

The EU twine and cordage market expanded remarkably to $X in 2021, rising by 7.9% against the previous year. The market value increased at an average annual rate of +2.6% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Twine And Cordage Production in the EU

In value terms, twine and cordage production shrank slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.8% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2014 when the production volume increased by 12% against the previous year. The level of production peaked at $X in 2020, and then dropped slightly in the following year.

Twine And Cordage Exports

Exports in the EU

For the third consecutive year, the European Union recorded growth in shipments abroad of twine, cordage, rope and cables, which increased by 1.1% to X tons in 2021. The total export volume increased at an average annual rate of +2.5% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2020 when exports increased by 16% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, twine and cordage exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +3.7% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Portugal represented the main exporter of twine, cordage, rope and cables in the European Union, with the volume of exports resulting at X tons, which was near 45% of total exports in 2021. Hungary (X tons) ranks second in terms of the total exports with a 9.2% share, followed by the Czech Republic (7.5%), Poland (6%) and Germany (5.8%). The following exporters - the Netherlands (X tons), Spain (X tons), Belgium (X tons), Greece (X tons), Italy (X tons), France (X tons) and Lithuania (X tons) - together made up 21% of total exports.

Exports from Portugal increased at an average annual rate of +2.8% from 2012 to 2021. At the same time, Hungary (+12.7%), Lithuania (+10.7%), Poland (+4.7%), Spain (+4.1%), the Netherlands (+4.0%), Greece (+3.9%), Italy (+3.4%), the Czech Republic (+2.3%) and Germany (+2.0%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +12.7% from 2012-2021. Belgium experienced a relatively flat trend pattern. By contrast, France (-3.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Hungary increased by +5.3 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Portugal ($X) remains the largest twine and cordage supplier in the European Union, comprising 25% of total exports. The second position in the ranking was taken by Germany ($X), with a 13% share of total exports. It was followed by the Czech Republic, with a 7.7% share.

In Portugal, twine and cordage exports expanded at an average annual rate of +2.4% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (+3.6% per year) and the Czech Republic (+5.9% per year).

Export Prices by Country

In 2021, the export price in the European Union amounted to $X per ton, picking up by 15% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.2%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+6.1%), while the other leaders experienced more modest paces of growth.

Twine And Cordage Imports

Imports in the EU

In 2021, supplies from abroad of twine, cordage, rope and cables increased by 9.5% to X tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of +2.7% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, twine and cordage imports surged to $X in 2021. The total import value increased at an average annual rate of +4.4% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

France (X tons) and Germany (X tons) represented roughly 37% of total imports in 2021. The Netherlands (X tons) took the next position in the ranking, followed by Belgium (X tons), Spain (X tons), Italy (X tons) and Denmark (X tons). All these countries together held approx. 36% share of total imports. Romania (X tons), Greece (X tons), Portugal (X tons), Poland (X tons), Sweden (X tons) and Hungary (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were in Hungary (with a CAGR of +18.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest twine and cordage importing markets in the European Union were Germany ($X), France ($X) and the Netherlands ($X), together comprising 47% of total imports. Italy, Denmark, Belgium, Spain, Poland, Romania, Sweden, Hungary, Greece and Portugal lagged somewhat behind, together comprising a further 38%.

Hungary, with a CAGR of +15.0%, recorded the highest growth rate of the value of imports, in terms of 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, growing by 11% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.6%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

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