Iran: Twine And Cordage Market 2024

Twine And Cordage Market Size in Iran

The Iranian twine and cordage market expanded notably to $X in 2022, picking up by 8.1% against the previous year. Overall, the total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -6.7% against 2020 indices. Twine and cordage consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Twine And Cordage Production in Iran

In value terms, twine and cordage production expanded sharply to $X in 2022 estimated in export price. Over the period under review, the total production indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -6.3% against 2020 indices. The pace of growth appeared the most rapid in 2015 when the production volume increased by 53%. Twine and cordage production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Twine And Cordage Exports

Exports from Iran

In 2022, approx. X tons of twine, cordage, rope and cables were exported from Iran; with a decrease of -19% against 2021. Overall, exports, however, showed a significant expansion. The pace of growth was the most pronounced in 2013 when exports increased by 90%. Over the period under review, the exports attained the maximum at X tons in 2021, and then dropped sharply in the following year.

In value terms, twine and cordage exports reduced to $X in 2022. In general, exports, however, recorded a significant increase. The growth pace was the most rapid in 2013 when exports increased by 73% against the previous year. The exports peaked at $X in 2021, and then contracted modestly in the following year.

Exports by Country

Turkey (X tons) was the main destination for twine and cordage exports from Iran, accounting for a 45% share of total exports. Moreover, twine and cordage exports to Turkey exceeded the volume sent to the second major destination, Georgia (X tons), twofold. Azerbaijan (X tons) ranked third in terms of total exports with a 13% share.

From 2012 to 2022, the average annual growth rate of volume to Turkey amounted to +35.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Georgia (+21.6% per year) and Azerbaijan (+40.6% per year).

In value terms, the largest markets for twine and cordage exported from Iran were Turkey ($X), Georgia ($X) and Azerbaijan ($X), together comprising 73% of total exports. Armenia, Romania, Kazakhstan and Kyrgyzstan lagged somewhat behind, together accounting for a further 21%.

In terms of the main countries of destination, Kazakhstan, with a CAGR of +56.8%, recorded 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, surging by 19% against the previous year. Overall, the export price, however, recorded a pronounced slump. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

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 Romania ($X per ton), while the average price for exports to Kyrgyzstan ($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 Afghanistan (+30.3%), while the prices for the other major destinations experienced more modest paces of growth.

Twine And Cordage Imports

Imports into Iran

In 2022, approx. X tons of twine, cordage, rope and cables were imported into Iran; falling by -6.1% compared with 2021. Over the period under review, imports continue to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2019 with an increase of 551% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, twine and cordage imports contracted slightly to $X in 2022. Overall, imports saw a perceptible reduction. The most prominent rate of growth was recorded in 2019 with an increase of 692%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of twine and cordage to Iran, accounting for a 59% share of total imports. Moreover, twine and cordage imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume from China stood at -5.3%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+52.5% per year) and Turkey (+17.4% per year).

In value terms, China ($X) constituted the largest supplier of twine, cordage, rope and cables to Iran, comprising 53% of total imports. The second position in the ranking was taken by Turkey ($X), with a 13% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China amounted to -4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+14.3% per year) and India (+55.1% per year).

Import Prices by Country

The average twine and cordage import price stood at $X per ton in 2022, increasing by 6.1% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of 35%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 Turkey ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+1.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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