Germany: Twine Product Market 2024

Twine Product Market Size in Germany

The German twine product market expanded markedly to $X in 2022, growing by 5.8% against the previous year. Overall, consumption, however, saw a remarkable increase. Over the period under review, the market reached the maximum level in 2022 and is likely to continue growth in years to come.

Twine Product Production in Germany

In value terms, twine product production contracted to $X in 2022 estimated in export price. In general, production saw a abrupt downturn. The pace of growth appeared the most rapid in 2021 with an increase of 12% against the previous year. Twine product production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Twine Product Exports

Exports from Germany

In 2022, exports of articles of twine, cordage, rope or cables from Germany reduced notably to X tons, which is down by -17.3% on 2021 figures. The total export volume increased at an average annual rate of +1.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 28%. As a result, the exports attained the peak of X tons, and then contracted remarkably in the following year.

In value terms, twine product exports reduced to $X in 2022. In general, total exports indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +75.8% against 2016 indices. The pace of growth was the most pronounced in 2021 when exports increased by 27% against the previous year. As a result, the exports attained the peak of $X, and then shrank in the following year.

Exports by Country

Austria (X tons), France (X tons) and Poland (X tons) were the main destinations of twine product exports from Germany, with a combined 34% share of total exports. Italy, Switzerland, Denmark, the Czech Republic, Belgium, the Netherlands, Spain, Hungary, the UK and Sweden lagged somewhat behind, together comprising a further 44%.

From 2012 to 2022, the biggest increases were recorded for Sweden (with a CAGR of +10.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Austria ($X) and Poland ($X) constituted the largest markets for twine product exported from Germany worldwide, together comprising 29% of total exports.

Among the main countries of destination, France, with a CAGR of +13.7%, recorded the highest growth rate of the value of exports, 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 product export price amounted to $X per ton, growing by 9.7% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2020 an increase of 25%. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Italy ($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 UK (+16.8%), while the prices for the other major destinations experienced more modest paces of growth.

Twine Product Imports

Imports into Germany

In 2022, the amount of articles of twine, cordage, rope or cables imported into Germany declined to X tons, which is down by -7.5% on the previous year's figure. Over the period under review, imports, however, recorded a buoyant increase. The growth pace was the most rapid in 2021 with an increase of 46%. As a result, imports attained the peak of X tons, and then fell in the following year.

In value terms, twine product imports shrank modestly to $X in 2022. Overall, imports, however, continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2021 with an increase of 50%. As a result, imports attained the peak of $X, leveling off in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest twine product supplier to Germany, accounting for a 59% share of total imports. Moreover, twine product imports from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold. Georgia (X tons) ranked third in terms of total imports with an 8.1% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +7.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+26.3% per year) and Georgia (+83.0% per year).

In value terms, China ($X) constituted the largest supplier of articles of twine, cordage, rope or cables to Germany, comprising 51% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 13% share of total imports. It was followed by Georgia, with a 5.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +11.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+20.4% per year) and Georgia (+99.4% per year).

Import Prices by Country

In 2022, the average twine product import price amounted to $X per ton, rising by 7.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.3%. The pace of growth appeared the most rapid in 2020 when the average import price increased by 17% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from India ($X per ton) and China ($X per ton), while the price for Turkey ($X per ton) and Georgia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Georgia (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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