Middle East and North Africa: Twine Product Market 2022

Twine Product Market Size in Middle East and North Africa

In 2021, after nine years of growth, there was decline in the MENA's twine product market, when its value decreased by -X% to $X. Overall, consumption, however, posted a resilient expansion. Over the period under review, the market hit record highs at $X in 2020, and then declined slightly in the following year.

Twine Product Production in Middle East and North Africa

In value terms, twine product production dropped to $X in 2021 estimated in export price. Over the period under review, production, however, showed a resilient increase. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2020, and then contracted in the following year.

Twine Product Exports

Exports in Middle East and North Africa

After two years of decline, shipments abroad of articles of twine, cordage, rope or cables increased by X% to X tons in 2021. In general, exports, however, saw a slight descent. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, twine product exports skyrocketed to $X in 2021. Over the period under review, exports, however, saw a mild decrease. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, Turkey (X tons) was the main exporter of articles of twine, cordage, rope or cables, committing X% of total exports. The United Arab Emirates (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Saudi Arabia (X%) and Tunisia (X%). Oman (X tons) held a little share of total exports.

From 2012 to 2021, average annual rates of growth with regard to twine product exports from Turkey stood at +X%. At the same time, Oman (+X%) and Tunisia (+X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in Middle East and North Africa, with a CAGR of +X% from 2012-2021. By contrast, the United Arab Emirates (-X%) and Saudi Arabia (-X%) illustrated a downward trend over the same period. While the share of Turkey (+X p.p.), Tunisia (+X p.p.) and Oman (+X p.p.) increased significantly in terms of the total exports from 2012-2021, the share of the United Arab Emirates (-X p.p.) and Saudi Arabia (-X p.p.) displayed negative dynamics.

In value terms, Turkey ($X) remains the largest twine product supplier in Middle East and North Africa, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Saudi Arabia, with an X% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Turkey totaled +X%. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (-X% per year) and Saudi Arabia (-X% per year).

Export Prices by Country

In 2021, the export price in Middle East and North Africa amounted to $X per ton, falling by -X% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of X%. The level of export peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Tunisia ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (-X%), while the other leaders experienced a decline in the export price figures.

Twine Product Imports

Imports in Middle East and North Africa

In 2021, after three years of decline, there was significant growth in overseas purchases of articles of twine, cordage, rope or cables, when their volume increased by X% to X tons. The total import volume increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, twine product imports soared to $X in 2021. The total import value increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of X%. The level of import peaked in 2021 and is likely to see gradual growth in the near future.

Imports by Country

Saudi Arabia (X tons) and the United Arab Emirates (X tons) were the key importers of articles of twine, cordage, rope or cables in 2021, amounting to approx. X% and X% of total imports, respectively. Turkey (X tons) ranks next in terms of the total imports with an X% share, followed by Israel (X%), Oman (X%), Qatar (X%), Yemen (X%) and Algeria (X%).

From 2012 to 2021, the biggest increases were in Yemen (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Saudi Arabia ($X) and Turkey ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined X% share of total imports. Israel, Qatar, Oman, Algeria and Yemen lagged somewhat behind, together comprising a further X terms of the main importing countries, Yemen, with a CAGR of +X%, 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

The import price in Middle East and North Africa stood at $X per ton in 2021, picking up by X% against the previous year. Over the last nine years, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2019 when the import price increased by X%. The level of import peaked in 2021 and is likely to see gradual growth in the near future.

Prices varied noticeably by the country of destination: the country with the highest price was Turkey ($X per ton), while Yemen ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform