Northern America: Twine And Cordage Market 2022

Twine And Cordage Market Size in Northern America

The North American twine and cordage market reached $X in 2021, growing by 6.1% against the previous year. Overall, consumption, however, recorded a slight slump. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Twine And Cordage Production in Northern America

In value terms, twine and cordage production expanded sharply to $X in 2021 estimated in export price. Over the period under review, production, however, saw a perceptible descent. The level of production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Twine And Cordage Exports

Exports in Northern America

Twine and cordage exports rose notably to X tons in 2021, growing by 13% against the previous year's figure. The total export volume increased at an average annual rate of +2.4% over the period 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 exports increased by 27%. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, twine and cordage exports soared to $X in 2021. The total export value increased at an average annual rate of +2.4% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, the United States (X tons) represented the largest exporter of twine, cordage, rope and cables, creating 79% of total exports. It was distantly followed by Canada (X tons), comprising a 21% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to twine and cordage exports from the United States stood at +1.8%. At the same time, Canada (+5.0%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +5.0% from 2012-2021. Canada (+4.3 p.p.) significantly strengthened its position in terms of the total exports, while the United States saw its share reduced by -4.3% from 2012 to 2021, respectively.

In value terms, the United States ($X) remains the largest twine and cordage supplier in Northern America, comprising 84% of total exports. The second position in the ranking was taken by Canada ($X), with a 16% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States totaled +2.0%.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2021, rising by 2.6% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the export price increased by 35%. Over the period under review, the export prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting 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 the United States (+0.2%).

Twine And Cordage Imports

Imports in Northern America

For the third consecutive year, Northern America recorded growth in supplies from abroad of twine, cordage, rope and cables, which increased by 9.7% to X tons in 2021. The total import volume increased at an average annual rate of +1.6% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 12% against the previous year. The volume of import peaked in 2021 and is expected to retain growth in the near future.

In value terms, twine and cordage imports soared to $X in 2021. The total import value increased at an average annual rate of +1.6% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States represented the major importing country with an import of around X tons, which accounted for 80% of total imports. It was distantly followed by Canada (X tons), committing a 20% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to twine and cordage imports into the United States stood at +1.1%. At the same time, Canada (+3.9%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer imported in Northern America, with a CAGR of +3.9% from 2012-2021. Canada (+3.5 p.p.) significantly strengthened its position in terms of the total imports, while the United States saw its share reduced by -3.5% from 2012 to 2021, respectively.

In value terms, the United States ($X) constitutes the largest market for imported twine, cordage, rope and cables in Northern America, comprising 82% of total imports. The second position in the ranking was held by Canada ($X), with an 18% share of total imports.

In the United States, twine and cordage imports increased at an average annual rate of +1.5% over the period from 2012-2021.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2021, picking up by 9.3% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The level of import peaked at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

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 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 (+0.4%).

Source: IndexBox Platform

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