New Zealand: Twine And Cordage Market 2025

Twine And Cordage Market Size in New Zealand

The New Zealand twine and cordage market plummeted to $X in 2022, declining by -19% against the previous year. Overall, consumption, however, posted resilient growth. Twine and cordage consumption peaked at $X in 2021, and then reduced markedly in the following year.

Twine And Cordage Production in New Zealand

In value terms, twine and cordage production contracted to $X in 2022 estimated in export price. In general, production saw a noticeable reduction. The pace of growth appeared the most rapid in 2017 when the production volume increased by 239% against the previous year. Twine and cordage production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Twine And Cordage Exports

Exports from New Zealand

In 2022, shipments abroad of twine, cordage, rope and cables increased by 53% to X tons, rising for the second consecutive year after three years of decline. In general, exports, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of 88%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, twine and cordage exports soared to $X in 2022. Overall, exports, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of 78%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Turkey (X tons), Australia (X tons) and Chile (X tons) were the main destinations of twine and cordage exports from New Zealand, together comprising 83% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Turkey (with a CAGR of +28.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for twine and cordage exported from New Zealand were Turkey ($X), Australia ($X) and Chile ($X), with a combined 71% share of total exports.

Turkey, with a CAGR of +26.4%, saw the highest rates of growth with regard to the value of exports, in terms of 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, which is down by -2.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. The pace of growth was the most pronounced in 2015 when the average export price increased by 51%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Chile ($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 Canada (+36.0%), while the prices for the other major destinations experienced more modest paces of growth.

Twine And Cordage Imports

Imports into New Zealand

In 2022, approx. X tons of twine, cordage, rope and cables were imported into New Zealand; shrinking by -8.8% against 2021. The total import volume increased at an average annual rate of +1.1% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 31% against the previous year. As a result, imports attained the peak of X tons, and then reduced in the following year.

In value terms, twine and cordage imports contracted to $X in 2022. The total import value increased at an average annual rate of +3.2% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 50% against the previous year. As a result, imports reached the peak of $X, and then contracted in the following year.

Imports by Country

China (X tons), Portugal (X tons) and Vietnam (X tons) were the main suppliers of twine and cordage imports to New Zealand, together comprising 57% of total imports. India, Sri Lanka, South Korea, Brazil, the Czech Republic, Tanzania, Taiwan (Chinese), Finland, Australia and the Netherlands lagged somewhat behind, together accounting for a further 34%.

From 2012 to 2022, the biggest increases were recorded for Sri Lanka (with a CAGR of +195.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of twine, cordage, rope and cables to New Zealand, comprising 26% of total imports. The second position in the ranking was taken by Portugal ($X), with an 11% share of total imports. It was followed by Vietnam, with a 6.5% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +10.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (+14.2% per year) and Vietnam (+42.0% per year).

Import Prices by Country

In 2022, the average twine and cordage import price amounted to $X per ton, approximately reflecting the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2021 when the average import price increased by 14% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($X per ton), while the price for Sri Lanka ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+12.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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