Middle East and North Africa: Twine And Cordage Market 2022

Twine And Cordage Market Size in Middle East and North Africa

In 2021, after three years of growth, there was significant decline in the MENA's twine and cordage market, when its value decreased by -X% to $X. The total consumption indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +X% against 2017 indices. Over the period under review, the market hit record highs at $X in 2020, and then declined in the following year.

Twine And Cordage Production in Middle East and North Africa

In value terms, twine and cordage production reduced slightly to $X in 2021 estimated in export price. The total production indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +X% against 2017 indices. The pace of growth was the most pronounced in 2015 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2016 to 2021, production growth failed to regain momentum.

Twine And Cordage Exports

Exports in Middle East and North Africa

In 2021, overseas shipments of twine, cordage, rope and cables increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, exports continue to indicate a strong expansion. The growth pace was the most rapid in 2017 when exports increased by X%. The volume of export peaked in 2021 and is expected to retain growth in the near future.

In value terms, twine and cordage exports soared to $X in 2021. Over the period under review, exports showed a strong expansion. The pace of growth appeared the most rapid in 2017 with an increase of X%. The level of export peaked in 2021 and is likely to see steady growth in the near future.

Exports by Country

Turkey represented the main exporting country with an export of around X tons, which reached X% of total exports. The United Arab Emirates (X tons) held the second position in the ranking, followed by Saudi Arabia (X tons), Israel (X tons) and Iran (X tons). All these countries together took near X% share of total exports. The following exporters - Tunisia (X tons) and Egypt (X tons) - each resulted at a X% share of total exports.

Exports from Turkey increased at an average annual rate of +X% from 2012 to 2021. At the same time, Iran (+X%), Saudi Arabia (+X%) and Israel (+X%) displayed positive paces of growth. Moreover, Iran emerged as the fastest-growing exporter exported in Middle East and North Africa, with a CAGR of +X% from 2012-2021. The United Arab Emirates experienced a relatively flat trend pattern. By contrast, Egypt (-X%) and Tunisia (-X%) illustrated a downward trend over the same period. Turkey (+X p.p.), Saudi Arabia (+X p.p.), Iran (+X p.p.) and Israel (+X p.p.) significantly strengthened its position in terms of the total exports, while Egypt, Tunisia and the United Arab Emirates saw its share reduced by -X%, -X% and -X% from 2012 to 2021, respectively.

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

From 2012 to 2021, the average annual growth rate of value in Turkey stood at +X%. In the other countries, the average annual rates were as follows: the United Arab Emirates (+X% per year) and Tunisia (+X% per year).

Export Prices by Country

The export price in Middle East and North Africa stood at $X per ton in 2021, increasing by X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The level of export peaked at $X per ton in 2017; afterwards, it flattened through to 2021.

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 Tunisia (+X%), while the other leaders experienced more modest paces of growth.

Twine And Cordage Imports

Imports in Middle East and North Africa

In 2021, after two years of growth, there was decline in overseas purchases of twine, cordage, rope and cables, when their volume decreased 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 growth pace was the most rapid in 2017 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, twine and cordage imports reached $X in 2021. The total import value increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, the United Arab Emirates (X tons), Turkey (X tons) and Morocco (X tons) was the main importer of twine, cordage, rope and cables in Middle East and North Africa, creating X% of total import. It was distantly followed by Saudi Arabia (X tons), Oman (X tons) and Yemen (X tons), together creating a X% share of total imports. The following importers - Israel (X tons), Qatar (X tons), Iraq (X tons), Algeria (X tons), Libya (X tons), Tunisia (X tons) and Kuwait (X tons) - together made up X% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Tunisia (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest twine and cordage importing markets in Middle East and North Africa were the United Arab Emirates ($X), Turkey ($X) and Morocco ($X), together accounting for X% of total imports. These countries were followed by Israel, Saudi Arabia, Algeria, Iraq, Tunisia, Yemen, Oman, Qatar, Kuwait and Libya, which together accounted for a further X, with a CAGR of +X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Middle East and North Africa amounted to $X per ton, growing by X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X%. The level of import peaked at $X per ton in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Israel ($X per ton), while Oman ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform