Greece: Twine And Cordage Market 2025

Twine And Cordage Market Size in Greece

In 2022, the Greek twine and cordage market increased by 8.7% to $X, rising for the fourth consecutive year after two years of decline. In general, the total consumption indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +3.3% 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 +37.4% against 2018 indices. Twine and cordage consumption peaked in 2022 and is expected to retain growth in years to come.

Twine And Cordage Production in Greece

In value terms, twine and cordage production shrank to $X in 2022 estimated in export price. In general, the total production indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +63.8% against 2013 indices. The most prominent rate of growth was recorded in 2014 with an increase of 22% against the previous year. Over the period under review, production reached the maximum level at $X in 2021, and then contracted in the following year.

Twine And Cordage Exports

Exports from Greece

In 2022, after three years of growth, there was significant decline in overseas shipments of twine, cordage, rope and cables, when their volume decreased by -7.5% to X tons. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when exports increased by 19%. The exports peaked at X tons in 2021, and then reduced in the following year.

In value terms, twine and cordage exports shrank to $X in 2022. In general, total exports indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +3.9% 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 +40.1% against 2017 indices. The most prominent rate of growth was recorded in 2019 with an increase of 24%. The exports peaked at $X in 2021, and then reduced in the following year.

Exports by Country

Singapore (X tons), Turkey (X tons) and France (X tons) were the main destinations of twine and cordage exports from Greece, with a combined 25% share of total exports. Italy, the United States, the Netherlands, South Korea, Liberia, Qatar, Panama, Spain, Marshall Islands and Cyprus lagged somewhat behind, together accounting for a further 45%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Liberia (with a CAGR of +37.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for twine and cordage exported from Greece were Singapore ($X), South Korea ($X) and Turkey ($X), with a combined 28% share of total exports. The Netherlands, Cyprus, Marshall Islands, Italy, the United States, Qatar, Liberia, France, Spain and Panama lagged somewhat behind, together accounting for a further 40%.

Marshall Islands, with a CAGR of +48.0%, 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, rising by 3.3% against the previous year. Over the last decade, it increased at an average annual rate of +3.6%. The most prominent rate of growth was recorded in 2018 when the average export price increased by 16% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to France ($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 Cyprus (+8.0%), while the prices for the other major destinations experienced more modest paces of growth.

Twine And Cordage Imports

Imports into Greece

In 2022, after three years of growth, there was decline in purchases abroad of twine, cordage, rope and cables, when their volume decreased by -1.1% to X tons. Overall, imports, however, showed prominent growth. The growth pace was the most rapid in 2021 with an increase of 21% against the previous year. As a result, imports reached the peak of X tons, and then reduced in the following year.

In value terms, twine and cordage imports totaled $X in 2022. Over the period under review, imports, however, recorded prominent growth. The growth pace was the most rapid in 2021 with an increase of 39% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

Italy (X tons), Portugal (X tons) and China (X tons) were the main suppliers of twine and cordage imports to Greece, with a combined 42% share of total imports. India, Turkey, Serbia, the United Arab Emirates, the Czech Republic and Hungary lagged somewhat behind, together comprising a further 44%.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +104.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest twine and cordage suppliers to Greece were Italy ($X), China ($X) and Portugal ($X), together accounting for 44% of total imports. India, Turkey, Serbia, the United Arab Emirates, the Czech Republic and Hungary lagged somewhat behind, together accounting for a further 34%.

In terms of the main suppliers, India, with a CAGR of +80.1%, recorded the highest rates of growth with regard to the value of imports, 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, picking up by 4.7% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by 15% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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 China ($X per ton), while the price for the United Arab Emirates ($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 (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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