Poland: Twine And Cordage Market 2024

Twine And Cordage Market Size in Poland

The Polish twine and cordage market was finally on the rise to reach $X in 2022, after three years of decline. Overall, consumption saw a slight increase. Twine and cordage consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Twine And Cordage Production in Poland

In value terms, twine and cordage production rose markedly to $X in 2022 estimated in export price. In general, production, however, saw a noticeable slump. The pace of growth was the most pronounced in 2013 with an increase of 20% against the previous year. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Twine And Cordage Exports

Exports from Poland

In 2022, shipments abroad of twine, cordage, rope and cables decreased by -26.6% to X tons, falling for the second consecutive year after two years of growth. In general, total exports indicated slight growth from 2012 to 2022: its volume increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -38.4% against 2020 indices. The growth pace was the most rapid in 2013 when exports increased by 23%. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, twine and cordage exports dropped notably to $X in 2022. Over the period under review, total exports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.6% 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 2013 when exports increased by 27% against the previous year. The exports peaked at $X in 2021, and then dropped remarkably in the following year.

Exports by Country

Germany (X tons) was the main destination for twine and cordage exports from Poland, with a 37% share of total exports. Moreover, twine and cordage exports to Germany exceeded the volume sent to the second major destination, Italy (X tons), fourfold. Hungary (X tons) ranked third in terms of total exports with an 8.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany amounted to -2.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-3.7% per year) and Hungary (+47.5% per year).

In value terms, Germany ($X) remains the key foreign market for twine, cordage, rope and cables exports from Poland, comprising 33% of total exports. The second position in the ranking was held by Italy ($X), with a 6.6% share of total exports. It was followed by the Netherlands, with a 5.7% share.

From 2012 to 2022, the average annual growth rate of value to Germany amounted to +2.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-0.3% per year) and the Netherlands (+10.5% per year).

Export Prices by Country

The average twine and cordage export price stood at $X per ton in 2022, reducing by -7.8% against the previous year. Over the period under review, export price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, twine and cordage export price increased by +18.7% against 2020 indices. The pace of growth was the most pronounced in 2018 an increase of 33% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Israel ($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 Germany (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.

Twine And Cordage Imports

Imports into Poland

Twine and cordage imports into Poland was estimated at X tons in 2022, surging by 1.6% against 2021 figures. The total import volume increased at an average annual rate of +2.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 27%. Imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, twine and cordage imports expanded markedly to $X in 2022. Over the period under review, imports showed a remarkable increase. The growth pace was the most rapid in 2018 with an increase of 55% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

China (X tons), Portugal (X tons) and Germany (X tons) were the main suppliers of twine and cordage imports to Poland, with a combined 57% share of total imports. Turkey, the Czech Republic, Bulgaria, India, Belgium, Hungary, the United States, Bangladesh, Sweden and Indonesia lagged somewhat behind, together comprising a further 32%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Bangladesh (with a CAGR of +116.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the United States ($X) and Germany ($X) appeared to be the largest twine and cordage suppliers to Poland, together accounting for 49% of total imports. Portugal, Belgium, Turkey, the Czech Republic, Sweden, Bulgaria, India, Hungary, Bangladesh and Indonesia lagged somewhat behind, together comprising a further 32%.

Bangladesh, with a CAGR of +137.1%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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, picking up by 4.4% against the previous year. Overall, import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, twine and cordage import price increased by +7.3% against 2018 indices. The growth pace was the most rapid in 2018 an increase of 22% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+13.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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