India: Twine And Cordage Market 2025

Twine And Cordage Market Size in India

The Indian twine and cordage market was estimated at $X in 2022, growing by 2.5% against the previous year. In general, consumption saw a resilient increase. Twine and cordage consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Twine And Cordage Production in India

In value terms, twine and cordage production totaled $X in 2022 estimated in export price. Overall, production showed a resilient increase. The growth pace was the most rapid in 2015 with an increase of 59%. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Twine And Cordage Exports

Exports from India

In 2022, the amount of twine, cordage, rope and cables exported from India reached X tons, picking up by 2.2% against 2021. In general, total exports indicated a noticeable expansion from 2012 to 2022: its volume increased at an average annual rate of +4.6% 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 +67.6% against 2014 indices. The most prominent rate of growth was recorded in 2015 with an increase of 24%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, twine and cordage exports rose markedly to $X in 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 when exports increased by 50%. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X tons), the United Arab Emirates (X tons) and Chile (X tons) were the main destinations of twine and cordage exports from India, with a combined 28% share of total exports. Turkey, Norway, Morocco, the Netherlands, Singapore, Canada, Ghana, the UK, Australia and Oman lagged somewhat behind, together comprising a further 40%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Morocco (with a CAGR of +16.9%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for twine, cordage, rope and cables exports from India, comprising 15% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 6.7% share of total exports. It was followed by the Netherlands, with a 6% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at +3.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-0.5% per year) and the Netherlands (+14.2% per year).

Export Prices by Country

In 2022, the average twine and cordage export price amounted to $X per ton, picking up by 3.2% against the previous year. Overall, the export price, however, showed a pronounced setback. The pace of growth appeared the most rapid in 2015 an increase of 21%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Morocco ($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 (+3.5%), while the prices for the other major destinations experienced more modest paces of growth.

Twine And Cordage Imports

Imports into India

In 2022, purchases abroad of twine, cordage, rope and cables increased by 7.7% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports saw a buoyant expansion. The growth pace was the most rapid in 2019 when imports increased by 91% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, twine and cordage imports reached $X in 2022. Over the period under review, imports enjoyed a remarkable increase. The pace of growth was the most pronounced in 2019 when imports increased by 60% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Bangladesh (X tons) constituted the largest twine and cordage supplier to India, accounting for a 63% share of total imports. Moreover, twine and cordage imports from Bangladesh exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. Thailand (X tons) ranked third in terms of total imports with a 5.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Bangladesh totaled +7.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+6.0% per year) and Thailand (+15.4% per year).

In value terms, Bangladesh ($X), China ($X) and Thailand ($X) were the largest twine and cordage suppliers to India, together comprising 60% of total imports. The United States, the United Arab Emirates, Germany and Nepal lagged somewhat behind, together accounting for a further 8.2%.

In terms of the main suppliers, the United Arab Emirates, with a CAGR of +22.0%, recorded the highest growth rate of 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

In 2022, the average twine and cordage import price amounted to $X per ton, dropping by -6.2% against the previous year. Overall, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, twine and cordage import price increased by +60.5% against 2019 indices. The pace of growth was the most pronounced in 2021 an increase of 45%. As a result, import price attained the peak level of $X per ton, and then dropped in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nepal (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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