Europe: Sisal Binder Market 2024

Sisal Binder Market Size in Europe

The Europe sisal binder market expanded markedly to $X in 2022, surging by 9.7% against the previous year. The total consumption indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +6.7% 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 -5.4% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Sisal Binder Production in Europe

In value terms, sisal binder production stood at $X in 2022 estimated in export price. The total production indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -9.5% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 61% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Sisal Binder Exports

Exports in Europe

Sisal binder exports declined to X tons in 2022, which is down by -7.3% against the previous year's figure. Over the period under review, exports saw a perceptible curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 31%. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, sisal binder exports reduced modestly to $X in 2022. Overall, exports saw a mild contraction. The most prominent rate of growth was recorded in 2013 when exports increased by 39%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Portugal dominates exports structure, amounting to X tons, which was approx. 66% of total exports in 2022. It was distantly followed by Italy (X tons), constituting a 5.1% share of total exports. The Netherlands (X tons), Latvia (X tons), Belgium (X tons), Spain (X tons), Russia (X tons), Lithuania (X tons), Germany (X tons) and Belarus (X tons) took a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to sisal binder exports from Portugal stood at -2.8%. At the same time, Belarus (+52.3%), Lithuania (+30.6%), Italy (+17.7%), Russia (+12.1%) and the Netherlands (+6.9%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing exporter exported in Europe, with a CAGR of +52.3% from 2012-2022. By contrast, Spain (-6.3%), Germany (-7.2%), Latvia (-8.7%) and Belgium (-14.8%) illustrated a downward trend over the same period. Portugal (+5.7 p.p.), Italy (+4.4 p.p.), the Netherlands (+2.6 p.p.), Russia (+2.2 p.p.), Lithuania (+2 p.p.) and Belarus (+1.9 p.p.) significantly strengthened its position in terms of the total exports, while Latvia and Belgium saw its share reduced by -2.6% and -7.6% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Portugal ($X) remains the largest sisal binder supplier in Europe, comprising 53% of total exports. The second position in the ranking was taken by Italy ($X), with a 7.3% share of total exports. It was followed by the Netherlands, with a 5.6% share.

In Portugal, sisal binder exports remained relatively stable over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Italy (+13.0% per year) and the Netherlands (+9.2% per year).

Export Prices by Country

The export price in Europe stood at $X per ton in 2022, growing by 3.3% against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2014 when the export price increased by 15% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Spain ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+10.1%), while the other leaders experienced more modest paces of growth.

Sisal Binder Imports

Imports in Europe

In 2022, the amount of sisal binder or baler (agricultural) twines imported in Europe dropped to X tons, waning by -7.7% against 2021. In general, imports recorded a mild shrinkage. The pace of growth appeared the most rapid in 2013 with an increase of 48% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, sisal binder imports reduced to $X in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 when imports increased by 47%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, France (X tons) represented the main importer of sisal binder or baler (agricultural) twines, comprising 40% of total imports. Portugal (X tons) ranks second in terms of the total imports with a 19% share, followed by Belgium (10%), Germany (7.9%) and the Netherlands (6.2%). Italy (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to sisal binder imports into France stood at +2.4%. At the same time, Portugal (+13.2%) displayed positive paces of growth. Moreover, Portugal emerged as the fastest-growing importer imported in Europe, with a CAGR of +13.2% from 2012-2022. By contrast, Belgium (-3.5%), the Netherlands (-4.9%), Germany (-7.6%) and Italy (-15.2%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Portugal and France increased by +15 and +13 percentage points, respectively.

In value terms, France ($X) constitutes the largest market for imported sisal binder or baler (agricultural) twines in Europe, comprising 35% of total imports. The second position in the ranking was held by Portugal ($X), with a 12% share of total imports. It was followed by the Netherlands, with an 11% share.

In France, sisal binder imports expanded at an average annual rate of +5.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Portugal (+15.0% per year) and the Netherlands (+2.8% per year).

Import Prices by Country

The import price in Europe stood at $X per ton in 2022, waning by -3.5% against the previous year. Over the last decade, it increased at an average annual rate of +2.1%. The most prominent rate of growth was recorded in 2014 an increase of 24% against the previous year. The level of import peaked at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+8.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform