Poland: Twine Product Market 2024

Twine Product Market Size in Poland

The Polish twine product market rose slightly to $X in 2022, surging by 2.2% against the previous year. Overall, the total consumption indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +25.1% against 2020 indices. Twine product consumption peaked in 2022 and is likely to see gradual growth in the near future.

Twine Product Production in Poland

In value terms, twine product production rose slightly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -2.3% against 2020 indices. The pace of growth was the most pronounced in 2014 with an increase of 34%. Twine product production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Twine Product Exports

Exports from Poland

In 2022, shipments abroad of articles of twine, cordage, rope or cables increased by 3.5% to X tons, rising for the sixth year in a row after three years of decline. In general, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 106%. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in years to come.

In value terms, twine product exports fell modestly to $X in 2022. Overall, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 122% against the previous year. The exports peaked at $X in 2021, and then declined slightly in the following year.

Exports by Country

Germany (X tons) was the main destination for twine product exports from Poland, with a 38% share of total exports. Moreover, twine product exports to Germany exceeded the volume sent to the second major destination, the Czech Republic (X tons), fivefold. Italy (X tons) ranked third in terms of total exports with a 5.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany stood at +59.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+26.3% per year) and Italy (+42.2% per year).

In value terms, Germany ($X) remains the key foreign market for articles of twine, cordage, rope or cables exports from Poland, comprising 38% of total exports. The second position in the ranking was held by Italy ($X), with a 6.3% share of total exports. It was followed by the Czech Republic, with a 6% share.

From 2012 to 2022, the average annual growth rate of value to Germany stood at +49.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+47.9% per year) and the Czech Republic (+25.8% per year).

Export Prices by Country

The average twine product export price stood at $X per ton in 2022, with a decrease of -3.8% against the previous year. Over the period under review, the export price recorded a noticeable reduction. The pace of growth appeared the most rapid in 2014 an increase of 32%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Denmark ($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 Romania (+5.8%), while the prices for the other major destinations experienced more modest paces of growth.

Twine Product Imports

Imports into Poland

In 2022, purchases abroad of articles of twine, cordage, rope or cables decreased by -1.4% to X tons for the first time since 2016, thus ending a five-year rising trend. Overall, imports, however, showed prominent growth. The growth pace was the most rapid in 2020 with an increase of 71% against the previous year. Over the period under review, imports reached the maximum at X tons in 2021, and then contracted modestly in the following year.

In value terms, twine product imports rose significantly to $X in 2022. In general, imports, however, posted buoyant growth. The pace of growth was the most pronounced in 2021 with an increase of 72% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

China (X tons), Georgia (X tons) and Germany (X tons) were the main suppliers of twine product imports to Poland, with a combined 90% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Georgia (with a CAGR of +175.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest twine product suppliers to Poland were China ($X), Georgia ($X) and Germany ($X), together comprising 81% of total imports.

Georgia, with a CAGR of +167.2%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average twine product import price amounted to $X per ton, with an increase of 7% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average import price increased by 29%. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 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 Hungary ($X per ton), while the price for Georgia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+5.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :