Northern America: Market for Nets of Twine, Cordage, Rope or Textile Materials 2022

Market Size for Nets of Twine, Cordage, Rope or Textile Materials in Northern America

In 2021, after four years of growth, there was decline in the North American market for nets of twine, cordage, rope or textile materials, when its value decreased by -2.9% to $X. In general, consumption, however, posted a buoyant expansion. Over the period under review, the market hit record highs at $X in 2020, and then shrank slightly in the following year.

Production of Nets of Twine, Cordage, Rope or Textile Materials in Northern America

In value terms, twine, cordage or textile net production contracted slightly to $X in 2021 estimated in export price. In general, production, however, enjoyed a buoyant increase. The pace of growth was the most pronounced in 2017 with an increase of 61% against the previous year. The level of production peaked at $X in 2020, and then fell modestly in the following year.

Exports of Nets of Twine, Cordage, Rope or Textile Materials

Exports in Northern America

In 2021, overseas shipments of nets of twine, cordage, rope or textile materials increased by 21% to X tons, rising for the second consecutive year after two years of decline. The total export volume increased at an average annual rate of +1.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2016 when exports increased by 24% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are likely to see steady growth in the immediate term.

In value terms, twine, cordage or textile net exports soared to $X in 2021. The total export value increased at an average annual rate of +1.6% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States represented the key exporter of nets of twine, cordage, rope or textile materials in Northern America, with the volume of exports resulting at X tons, which was approx. 78% of total exports in 2021. It was distantly followed by Canada (X tons), comprising a 22% share of total exports.

The United States experienced a relatively flat trend pattern with regard to volume of exports of nets of twine, cordage, rope or textile materials. At the same time, Canada (+7.1%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +7.1% from 2012-2021. While the share of Canada (+8.5 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of the United States (-8.5 p.p.) displayed negative dynamics.

In value terms, the United States ($X) remains the largest twine, cordage or textile net supplier in Northern America, comprising 80% of total exports. The second position in the ranking was taken by Canada ($X), with a 20% share of total exports.

In the United States, twine, cordage or textile net exports remained relatively stable over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per ton, growing by 6.5% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the export price increased by 23%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the the export prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+0.3%).

Imports of Nets of Twine, Cordage, Rope or Textile Materials

Imports in Northern America

In 2021, the amount of nets of twine, cordage, rope or textile materials imported in Northern America dropped to X tons, waning by -12.2% compared with the previous year. The total import volume increased at an average annual rate of +4.0% from 2012 to 2021; 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 19% against the previous year. The volume of import peaked at X tons in 2020, and then declined in the following year.

In value terms, twine, cordage or textile net imports contracted slightly to $X in 2021. The total import value increased at an average annual rate of +3.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of 12% against the previous year. The level of import peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United States (X tons) was the largest importer of nets of twine, cordage, rope or textile materials, creating 71% of total imports. It was distantly followed by Canada (X tons), generating a 27% share of total imports. Greenland (X tons) held a little share of total imports.

The United States was also the fastest-growing in terms of the nets of twine, cordage, rope or textile materials imports, with a CAGR of +4.2% from 2012 to 2021. At the same time, Canada (+3.5%) and Greenland (+2.7%) displayed positive paces of growth. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported nets of twine, cordage, rope or textile materials in Northern America, comprising 67% of total imports. The second position in the ranking was held by Canada ($X), with a 30% share of total imports.

In the United States, twine, cordage or textile net imports increased at an average annual rate of +3.6% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Canada (+3.2% per year) and Greenland (+0.9% per year).

Import Prices by Country

The import price in Northern America stood at $X per ton in 2021, picking up by 13% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. Over the period under review, import prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (-0.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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