Germany: Twine And Cordage Market 2024

Twine And Cordage Market Size in Germany

In 2022, the German twine and cordage market decreased by -6.8% to $X for the first time since 2019, thus ending a two-year rising trend. In general, the total consumption indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +49.3% against 2016 indices. As a result, consumption attained the peak level of $X, and then dropped in the following year.

Twine And Cordage Production in Germany

In value terms, twine and cordage production shrank to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.6% 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 the production volume increased by 23%. As a result, production attained the peak level of $X, and then dropped in the following year.

Twine And Cordage Exports

Exports from Germany

In 2022, approx. X tons of twine, cordage, rope and cables were exported from Germany; which is down by -8.1% compared with the previous year's figure. In general, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 13%. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, twine and cordage exports fell to $X in 2022. The total export value increased at an average annual rate of +2.5% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 22% against the previous year. As a result, the exports reached the peak of $X, and then declined in the following year.

Exports by Country

France (X tons), the Netherlands (X tons) and Austria (X tons) were the main destinations of twine and cordage exports from Germany, with a combined 31% share of total exports. Switzerland, Denmark, the United States, the UK, Poland, Italy, Romania, Turkey, Belgium and the Czech Republic lagged somewhat behind, together comprising a further 39%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +14.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X), the Netherlands ($X) and the United States ($X) constituted the largest markets for twine and cordage exported from Germany worldwide, together accounting for 28% of total exports.

Among the main countries of destination, the United States, with a CAGR of +12.0%, saw the highest rates of growth with regard to 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

The average twine and cordage export price stood at $X per ton in 2022, picking up by 2.2% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The growth pace was the most rapid in 2018 an increase of 16%. The export price peaked in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Turkey ($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 United States (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.

Twine And Cordage Imports

Imports into Germany

In 2022, purchases abroad of twine, cordage, rope and cables decreased by -7.6% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by 12%. Imports peaked at X tons in 2021, and then dropped in the following year.

In value terms, twine and cordage imports fell to $X in 2022. The total import value increased at an average annual rate of +2.2% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 22%. As a result, imports attained the peak of $X, and then dropped in the following year.

Imports by Country

Portugal (X tons), Hungary (X tons) and China (X tons) were the main suppliers of twine and cordage imports to Germany, together accounting for 51% of total imports. Poland, the Czech Republic, Serbia, Slovakia, Switzerland, India, Madagascar, the Netherlands, Austria and France lagged somewhat behind, together comprising a further 40%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +27.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Portugal ($X) and the Czech Republic ($X) were the largest twine and cordage suppliers to Germany, with a combined 38% share of total imports. Hungary, Poland, Slovakia, the Netherlands, Switzerland, Serbia, India, Austria, France and Madagascar lagged somewhat behind, together accounting for a further 43%.

India, with a CAGR of +17.0%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average twine and cordage import price stood at $X per ton in 2022, surging by 1.7% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2021 when the average import price increased by 18% 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.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Serbia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+15.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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