Peru: Market for Nets of Twine, Cordage, Rope or Textile Materials 2024

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

After two years of decline, the Peruvian market for nets of twine, cordage, rope or textile materials increased by 17% to $X in 2022. Overall, the total consumption indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Twine, cordage or textile net consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Nets of Twine, Cordage, Rope or Textile Materials in Peru

In value terms, twine, cordage or textile net production declined slightly to $X in 2022 estimated in export price. In general, the total production indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +1.9% against 2020 indices. The pace of growth appeared the most rapid in 2018 when the production volume increased by 34%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

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

Exports from Peru

In 2022, exports of nets of twine, cordage, rope or textile materials from Peru contracted to X tons, reducing by -14.3% compared with the previous year. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 53% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then declined in the following year.

In value terms, twine, cordage or textile net exports reduced sharply to $X in 2022. In general, exports showed a slight decrease. The growth pace was the most rapid in 2017 when exports increased by 44%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Chile (X tons) was the main destination for twine, cordage or textile net exports from Peru, with a 51% share of total exports. Moreover, twine, cordage or textile net exports to Chile exceeded the volume sent to the second major destination, the United States (X tons), threefold. The third position in this ranking was held by Mexico (X tons), with a 13% share.

From 2012 to 2022, the average annual growth rate of volume to Chile was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+3.8% per year) and Mexico (+6.4% per year).

In value terms, Chile ($X), the United States ($X) and Mexico ($X) were the largest markets for twine, cordage or textile net exported from Peru worldwide, together comprising 78% of total exports. Ecuador, Brazil, Canada and Honduras lagged somewhat behind, together comprising a further 15%.

In terms of the main countries of destination, Brazil, with a CAGR of +15.1%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for nets of twine, cordage, rope or textile materials stood at $X per ton in 2022, stabilizing at the previous year. Over the period under review, the export price recorded a slight downturn. The growth pace was the most rapid in 2019 when the average export price increased by 5.9% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the 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 the United States ($X per ton), while the average price for exports to Ecuador ($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 Honduras (+1.1%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Peru

In 2022, after two years of decline, there was significant growth in purchases abroad of nets of twine, cordage, rope or textile materials, when their volume increased by 27% to X tons. Overall, total imports indicated a modest expansion from 2012 to 2022: its volume increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when imports increased by 48%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, twine, cordage or textile net imports fell slightly to $X in 2022. Over the period under review, imports, however, saw a noticeable decrease. The pace of growth was the most pronounced in 2015 with an increase of 23% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Chile (X tons) constituted the largest twine, cordage or textile net supplier to Peru, with a 53% share of total imports. Moreover, twine, cordage or textile net imports from Chile exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. The third position in this ranking was taken by Vietnam (X tons), with a 9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Chile totaled +1.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+8.9% per year) and Vietnam (+7.3% per year).

In value terms, China ($X), Chile ($X) and Vietnam ($X) appeared to be the largest twine, cordage or textile net suppliers to Peru, with a combined 75% share of total imports.

Among the main suppliers, Vietnam, with a CAGR of +4.8%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average import price for nets of twine, cordage, rope or textile materials stood at $X per ton in 2022, declining by -24.6% against the previous year. Over the period under review, the import price recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2018 an increase of 16%. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (-1.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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