Kazakhstan: Twine And Cordage Market 2024

Twine And Cordage Market Size in Kazakhstan

The Kazakh twine and cordage market dropped to $X in 2022, falling by -9% against the previous year. Overall, the total consumption indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +3.4% 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 -19.3% against 2018 indices. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Twine And Cordage Production in Kazakhstan

In value terms, twine and cordage production contracted modestly to $X in 2022 estimated in export price. In general, production, however, saw a resilient increase. The most prominent rate of growth was recorded in 2014 when the production volume increased by 104%. Over the period under review, production reached the peak level at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Twine And Cordage Exports

Exports from Kazakhstan

In 2022, approx. X tons of twine, cordage, rope and cables were exported from Kazakhstan; rising by 139% on 2021. Over the period under review, exports enjoyed buoyant growth. The pace of growth was the most pronounced in 2020 with an increase of 4,151%. The exports peaked in 2022 and are likely to continue growth in years to come.

In value terms, twine and cordage exports surged to $X in 2022. Overall, exports enjoyed strong growth. The most prominent rate of growth was recorded in 2020 when exports increased by 1,609%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Russia (X tons) was the main destination for twine and cordage exports from Kazakhstan, accounting for a 96% share of total exports. It was followed by Tajikistan (X tons), with a 2.7% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia totaled +56.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tajikistan (+335.6% per year) and Georgia (-44.5% per year).

In value terms, Russia ($X) remains the key foreign market for twine, cordage, rope and cables exports from Kazakhstan, comprising 92% of total exports. The second position in the ranking was taken by Tajikistan ($X), with a 2.9% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Russia totaled +57.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tajikistan (+159.7% per year) and Georgia (-35.1% per year).

Export Prices by Country

In 2022, the average twine and cordage export price amounted to $X per ton, reducing by -21.4% against the previous year. Over the period under review, the export price showed a pronounced decline. The growth pace was the most rapid in 2019 when the average export price increased by 265%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Georgia ($X per ton), while the average price for exports to Russia ($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 Georgia (+17.0%), while the prices for the other major destinations experienced more modest paces of growth.

Twine And Cordage Imports

Imports into Kazakhstan

In 2022, purchases abroad of twine, cordage, rope and cables decreased by -27.6% to X tons, falling for the fourth year in a row after seven years of growth. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 46% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, twine and cordage imports declined slightly to $X in 2022. The total import value increased at an average annual rate of +3.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when imports increased by 28% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Russia (X tons) constituted the largest twine and cordage supplier to Kazakhstan, with a 61% share of total imports. Moreover, twine and cordage imports from Russia exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was taken by Poland (X tons), with a 4% share.

From 2012 to 2022, the average annual growth rate of volume from Russia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (-1.3% per year) and Poland (+21.7% per year).

In value terms, Russia ($X) constituted the largest supplier of twine, cordage, rope and cables to Kazakhstan, comprising 63% of total imports. The second position in the ranking was held by China ($X), with a 20% share of total imports. It was followed by Poland, with a 3.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Russia amounted to +5.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+1.7% per year) and Poland (+11.9% per year).

Import Prices by Country

The average twine and cordage import price stood at $X per ton in 2022, picking up by 36% against the previous year. Overall, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +2.8% 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 +67.0% against 2018 indices. Over the period under review, average import prices attained the peak figure at $X per ton in 2015; however, from 2016 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 Russia ($X per ton), while the price for Uzbekistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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