Ireland: Market for Nets of Twine, Cordage, Rope or Textile Materials 2024

Market Size for Nets of Twine, Cordage, Rope or Textile Materials in Ireland

The Irish market for nets of twine, cordage, rope or textile materials soared to $X in 2022, with an increase of 68% against the previous year. Over the period under review, the total consumption indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of +1.7% 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 -11.0% against 2018 indices. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of Nets of Twine, Cordage, Rope or Textile Materials in Ireland

In value terms, twine, cordage or textile net production contracted slightly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +3.2% 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 +3.6% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of 68% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Exports of Nets of Twine, Cordage, Rope or Textile Materials

Exports from Ireland

In 2022, overseas shipments of nets of twine, cordage, rope or textile materials increased by 58% to X tons, rising for the second consecutive year after three years of decline. In general, exports continue to indicate a resilient increase. The growth pace was the most rapid in 2014 when exports increased by 216% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, twine, cordage or textile net exports skyrocketed to $X in 2022. Overall, exports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2014 with an increase of 376%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X tons) was the main destination for twine, cordage or textile net exports from Ireland, with a 69% share of total exports. Moreover, twine, cordage or textile net exports to the UK exceeded the volume sent to the second major destination, the Netherlands (X tons), ninefold. India (X tons) ranked third in terms of total exports with a 6.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the UK amounted to +21.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+60.5% per year) and India (0.0% per year).

In value terms, the UK ($X) emerged as the key foreign market for nets of twine, cordage, rope or textile materials exports from Ireland, comprising 55% of total exports. The second position in the ranking was held by Senegal ($X), with an 18% share of total exports. It was followed by India, with a 7.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the UK stood at +19.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Senegal (0.0% per year) and India (0.0% per year).

Export Prices by Country

The average export price for nets of twine, cordage, rope or textile materials stood at $X per ton in 2022, growing by 27% against the previous year. Overall, export price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, twine, cordage or textile net export price decreased by -37.3% against 2018 indices. The pace of growth was the most pronounced in 2014 when the average export price increased by 51% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

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 Senegal ($X per ton), while the average price for exports to the Netherlands ($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 Romania (+1.5%), while the prices for the other major destinations experienced a decline.

Imports of Nets of Twine, Cordage, Rope or Textile Materials

Imports into Ireland

In 2022, overseas purchases of nets of twine, cordage, rope or textile materials decreased by 0% to X tons, falling for the second year in a row after two years of growth. Over the period under review, imports showed slight growth. The growth pace was the most rapid in 2017 when imports increased by 69% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, twine, cordage or textile net imports totaled $X in 2022. Overall, imports showed a tangible expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 35%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Greece (X tons), the UK (X tons) and China (X tons) were the main suppliers of twine, cordage or textile net imports to Ireland, with a combined 56% share of total imports. Japan, Turkey, the Netherlands, Lithuania, Spain and Germany lagged somewhat behind, together comprising a further 40%.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of +97.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest twine, cordage or textile net suppliers to Ireland were Japan ($X), Greece ($X) and the UK ($X), together comprising 53% of total imports.

Japan, with a CAGR of +88.5%, saw the highest rates of growth with regard to the value of imports, among the main suppliers 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 import price for nets of twine, cordage, rope or textile materials amounted to $X per ton, remaining constant against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 37%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices remained 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 Japan ($X per ton), while the price for Greece ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+4.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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