France: Twine And Cordage Market 2024

Twine And Cordage Market Size in France

In 2022, the French twine and cordage market increased by 11% to $X, rising for the second year in a row after three years of decline. The market value increased at an average annual rate of +4.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Twine and cordage consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Twine And Cordage Production in France

In value terms, twine and cordage production skyrocketed to $X in 2022 estimated in export price. In general, production, however, recorded a noticeable shrinkage. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Twine And Cordage Exports

Exports from France

In 2022, approx. X tons of twine, cordage, rope and cables were exported from France; approximately reflecting the previous year. Over the period under review, exports continue to indicate a perceptible descent. The pace of growth was the most pronounced in 2018 with an increase of 24% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, twine and cordage exports dropped to $X in 2022. In general, exports, however, recorded a slight increase. The most prominent rate of growth was recorded in 2021 with an increase of 27%. As a result, the exports reached the peak of $X, and then declined modestly in the following year.

Exports by Country

Spain (X tons), Italy (X tons) and Germany (X tons) were the main destinations of twine and cordage exports from France, with a combined 32% share of total exports. Belgium, the United States, Tunisia, Poland, the UK, Switzerland, Seychelles, the Netherlands, Portugal and Austria lagged somewhat behind, together accounting for a further 38%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Tunisia (with a CAGR of +20.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for twine and cordage exported from France were the United States ($X), Spain ($X) and Italy ($X), with a combined 31% share of total exports. Germany, the UK, Belgium, Switzerland, Poland, Tunisia, the Netherlands, Austria, Portugal and Seychelles lagged somewhat behind, together accounting for a further 36%.

Tunisia, with a CAGR of +17.4%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average twine and cordage export price amounted to $X per ton, dropping by -2.4% against the previous year. Over the last decade, it increased at an average annual rate of +4.3%. The pace of growth appeared the most rapid in 2013 when the average export price increased by 35% against the previous year. The export price peaked at $X per ton in 2021, and then reduced modestly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Seychelles ($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 the Netherlands (+15.3%), while the prices for the other major destinations experienced more modest paces of growth.

Twine And Cordage Imports

Imports into France

In 2022, approx. X tons of twine, cordage, rope and cables were imported into France; dropping by -4.2% against 2021 figures. The total import volume increased at an average annual rate of +1.5% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when imports increased by 19% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, twine and cordage imports reached $X in 2022. The total import value increased at an average annual rate of +3.9% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 22% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, Portugal (X tons) constituted the largest supplier of twine and cordage to France, with a 47% share of total imports. Moreover, twine and cordage imports from Portugal exceeded the figures recorded by the second-largest supplier, Hungary (X tons), threefold. The third position in this ranking was taken by Spain (X tons), with a 6.7% share.

From 2012 to 2022, the average annual growth rate of volume from Portugal was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+17.2% per year) and Spain (+6.1% per year).

In value terms, Portugal ($X) constituted the largest supplier of twine, cordage, rope and cables to France, comprising 28% of total imports. The second position in the ranking was held by Hungary ($X), with a 9.1% share of total imports. It was followed by China, with an 8.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Portugal totaled +1.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+16.7% per year) and China (+6.1% per year).

Import Prices by Country

The average twine and cordage import price stood at $X per ton in 2022, rising by 9.2% against the previous year. Over the last decade, it increased at an average annual rate of +2.4%. The growth pace was the most rapid in 2021 when the average import price increased by 14%. The import price peaked in 2022 and is likely to see gradual growth in years to come.

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 Madagascar ($X per ton), while the price for India ($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 Czech Republic (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :