Japan: Twine And Cordage Market 2025

Twine And Cordage Market Size in Japan

The Japanese twine and cordage market dropped to $X in 2022, reducing by -6% against the previous year. In general, consumption saw a slight decline. Twine and cordage consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Twine And Cordage Production in Japan

In value terms, twine and cordage production fell to $X in 2022 estimated in export price. Overall, production showed a perceptible slump. The pace of growth appeared the most rapid in 2021 with an increase of 0.6% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Twine And Cordage Exports

Exports from Japan

In 2022, shipments abroad of twine, cordage, rope and cables increased by 1.6% to X tons, rising for the second year in a row after two years of decline. In general, exports, however, saw a pronounced decrease. The pace of growth was the most pronounced in 2017 when exports increased by 14%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, twine and cordage exports fell to $X in 2022. Overall, exports, however, saw a abrupt decrease. The pace of growth was the most pronounced in 2021 when exports increased by 35% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Vietnam (X tons), Thailand (X tons) and the United States (X tons) were the main destinations of twine and cordage exports from Japan, with a combined 42% share of total exports. China, the Philippines, South Korea, Singapore, Hong Kong SAR, Malaysia, Taiwan (Chinese), Indonesia, the Netherlands and Panama lagged somewhat behind, together accounting for a further 43%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Panama (with a CAGR of +14.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for twine and cordage exported from Japan were the United States ($X), China ($X) and the Netherlands ($X), with a combined 41% share of total exports.

The Netherlands, with a CAGR of +31.3%, 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, declining by -13.9% against the previous year. In general, the export price continues to indicate a perceptible setback. The pace of growth appeared the most rapid in 2021 when the average export price increased by 24%. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Panama ($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 (+18.7%), while the prices for the other major destinations experienced more modest paces of growth.

Twine And Cordage Imports

Imports into Japan

In 2022, purchases abroad of twine, cordage, rope and cables increased by 2.1% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, continue to indicate a perceptible decrease. The growth pace was the most rapid in 2019 when imports increased by 2.3% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, twine and cordage imports dropped to $X in 2022. In general, imports, however, recorded a slight descent. The most prominent rate of growth was recorded in 2021 with an increase of 6.2%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

China (X tons), Bangladesh (X tons) and Vietnam (X tons) were the main suppliers of twine and cordage imports to Japan, with a combined 83% share of total imports. South Korea, Tanzania, Thailand, India and Malaysia lagged somewhat behind, together comprising a further 12%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of +1.8%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest twine and cordage suppliers to Japan were China ($X), Bangladesh ($X) and Vietnam ($X), with a combined 67% share of total imports. South Korea, Thailand, Tanzania, India and Malaysia lagged somewhat behind, together comprising a further 11%.

Thailand, with a CAGR of +5.5%, 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 mixed trend patterns.

Import Prices by Country

The average twine and cordage import price stood at $X per ton in 2022, reducing by -4.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The pace of growth appeared the most rapid in 2021 when the average import price increased by 14%. As a result, import price attained the peak level of $X per ton, and then shrank slightly 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 India (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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