Norway: Twine And Cordage Market 2025

Twine And Cordage Market Size in Norway

The Norwegian twine and cordage market skyrocketed to $X in 2022, rising by 44% against the previous year. Over the period under review, consumption recorded a resilient increase. Twine and cordage consumption peaked in 2022 and is expected to retain growth in the near future.

Twine And Cordage Production in Norway

In value terms, twine and cordage production rose to $X in 2022 estimated in export price. In general, production, however, recorded a pronounced contraction. The most prominent rate of growth was recorded in 2017 with an increase of 62% against the previous year. Twine and cordage production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Twine And Cordage Exports

Exports from Norway

In 2022, shipments abroad of twine, cordage, rope and cables decreased by -7.7% to X tons, falling for the second year in a row after three years of growth. Over the period under review, exports showed a deep contraction. The most prominent rate of growth was recorded in 2019 when exports increased by 61%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, twine and cordage exports surged to $X in 2022. Overall, exports showed a abrupt downturn. The most prominent rate of growth was recorded in 2019 with an increase of 50% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Export Prices by Country

The average twine and cordage export price stood at $X per ton in 2022, rising by 26% against the previous year. Over the period under review, the export price, however, showed a slight slump. The pace of growth appeared the most rapid in 2021 when the average export price increased by 32%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Vietnam ($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 Lithuania (+9.7%), while the prices for the other major destinations experienced more modest paces of growth.

Twine And Cordage Imports

Imports into Norway

Twine and cordage imports into Norway reached X tons in 2022, growing by 10% on the previous year's figure. In general, total imports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -1.4% against 2020 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 22%. Over the period under review, imports reached the peak figure at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, twine and cordage imports skyrocketed to $X in 2022. Overall, total imports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +73.8% against 2016 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), India (X tons) and the Czech Republic (X tons) were the main suppliers of twine and cordage imports to Norway, together comprising 71% of total imports. South Korea, the United States, Latvia, Portugal, Lithuania, Germany, Vietnam, Denmark, Slovakia and Italy lagged somewhat behind, together comprising a further 24%.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +24.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), India ($X) and the United States ($X) constituted the largest twine and cordage suppliers to Norway, together accounting for 52% of total imports.

In terms of the main suppliers, the United States, with a CAGR of +17.8%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average twine and cordage import price stood at $X per ton in 2022, growing by 11% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 16% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Denmark ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+14.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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