Northern America: Twine Product Market 2022

Twine Product Market Size in Northern America

The North American twine product market skyrocketed to $X in 2021, increasing by 17% against the previous year. The market value increased at an average annual rate of +4.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Twine Product Production in Northern America

In value terms, twine product production shrank to $X in 2021 estimated in export price. In general, production recorded significant growth. The most prominent rate of growth was recorded in 2019 with an increase of 179% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then dropped modestly in the following year.

Twine Product Exports

Exports in Northern America

In 2021, overseas shipments of articles of twine, cordage, rope or cables increased by 4.6% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by 41%. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, twine product exports rose to $X in 2021. Total exports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 with an increase of 62% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The United States prevails in exports structure, amounting to X tons, which was near 96% of total exports in 2021. Canada (X tons) followed a long way behind the leaders.

The United States experienced a relatively flat trend pattern with regard to volume of exports of articles of twine, cordage, rope or cables. Canada (-7.0%) illustrated a downward trend over the same period. The United States (+3.9 p.p.) significantly strengthened its position in terms of the total exports, while Canada saw its share reduced by -3.9% from 2012 to 2021, respectively.

In value terms, the United States ($X) remains the largest twine product supplier in Northern America, comprising 95% of total exports. The second position in the ranking was held by Canada ($X), with a 5.2% share of total exports.

In the United States, twine product exports increased at an average annual rate of +6.3% over the period from 2012-2021.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2021, leveling off at the previous year. Export price indicated a prominent expansion from 2012 to 2021: its price increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, twine product export price decreased by -2.4% against 2018 indices. The most prominent rate of growth was recorded in 2016 when the export price increased by 22% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, the country with the highest price was Canada ($X per ton), while the United States amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+5.5%).

Twine Product Imports

Imports in Northern America

Twine product imports amounted to X tons in 2021, increasing by 11% compared with the previous year. Total imports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +5.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +29.9% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 17%. The volume of import peaked in 2021 and is likely to see gradual growth in the immediate term.

In value terms, twine product imports soared to $X in 2021. The total import value increased at an average annual rate of +2.6% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States dominates imports structure, resulting at X tons, which was approx. 91% of total imports in 2021. It was distantly followed by Canada (X tons), mixing up a 9.2% share of total imports.

Imports into the United States increased at an average annual rate of +5.7% from 2012 to 2021. At the same time, Canada (+6.2%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer imported in Northern America, with a CAGR of +6.2% from 2012-2021. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported articles of twine, cordage, rope or cables in Northern America, comprising 92% of total imports. The second position in the ranking was taken by Canada ($X), with a 7.9% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States amounted to +2.3%.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2021, growing by 3.4% against the previous year. In general, the import price, however, saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2013 an increase of 6.6%. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, the country with the highest price was the United States ($X per ton), while Canada totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (-0.5%).

Source: IndexBox Platform

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