Russian Federation: Twine And Cordage Market 2025

Twine And Cordage Market Size in the Russian Federation

In 2022, after six years of growth, there was significant decline in the Russian twine and cordage market, when its value decreased by -6.8% to $X. Overall, consumption, however, posted a resilient expansion. Twine and cordage consumption peaked at $X in 2021, and then reduced in the following year.

Twine And Cordage Production in the Russian Federation

In value terms, twine and cordage production rose significantly to $X in 2022 estimated in export price. In general, the total production indicated buoyant growth from 2012 to 2022: its value 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, production decreased by -6.3% against 2020 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by 34%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Twine And Cordage Exports

Exports from the Russian Federation

In 2022, the amount of twine, cordage, rope and cables exported from Russia rose rapidly to X tons, increasing by 14% compared with the previous year. The total export volume increased at an average annual rate of +1.2% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when exports increased by 24% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, twine and cordage exports rose modestly to $X in 2022. Overall, total exports indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of +1.0% 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 -2.0% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 25%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Kyrgyzstan (X tons) was the main destination for twine and cordage exports from Russia, with a 60% share of total exports. Moreover, twine and cordage exports to Kyrgyzstan exceeded the volume sent to the second major destination, Ukraine (X tons), sixfold. Belarus (X tons) ranked third in terms of total exports with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Kyrgyzstan amounted to +20.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+6.3% per year) and Belarus (-10.8% per year).

In value terms, Kyrgyzstan ($X) emerged as the key foreign market for twine, cordage, rope and cables exports from Russia, comprising 48% of total exports. The second position in the ranking was taken by Belarus ($X), with a 12% share of total exports. It was followed by Kazakhstan, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Kyrgyzstan stood at +18.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (-6.1% per year) and Kazakhstan (-9.7% per year).

Export Prices by Country

In 2022, the average twine and cordage export price amounted to $X per ton, declining by -10.8% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 24% against the previous year. As a result, the export price attained the peak level of $X per ton, 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 New Zealand ($X per ton), while the average price for exports to Uganda ($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 Belarus (+5.3%), while the prices for the other major destinations experienced more modest paces of growth.

Twine And Cordage Imports

Imports into the Russian Federation

In 2022, after six years of growth, there was decline in overseas purchases of twine, cordage, rope and cables, when their volume decreased by -0.3% to X tons. In general, imports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2017 when imports increased by 30% against the previous year. Imports peaked at X tons in 2021, and then contracted in the following year.

In value terms, twine and cordage imports reduced to $X in 2022. Over the period under review, imports, however, recorded a noticeable expansion. The growth pace was the most rapid in 2017 with an increase of 24%. Imports peaked at $X in 2021, and then contracted in the following year.

Imports by Country

South Korea (X tons), Bangladesh (X tons) and Belarus (X tons) were the main suppliers of twine and cordage imports to Russia, with a combined 55% share of total imports. China, Portugal, India, Poland, Hungary, Turkey, the Czech Republic, Germany and Finland lagged somewhat behind, together comprising a further 43%.

From 2012 to 2022, the biggest increases were recorded for Portugal (with a CAGR of +34.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest twine and cordage suppliers to Russia were South Korea ($X), China ($X) and Belarus ($X), together comprising 50% of total imports.

Belarus, with a CAGR of +24.8%, 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

In 2022, the average twine and cordage import price amounted to $X per ton, reducing by -5.2% against the previous year. In general, the import price saw a mild curtailment. The most prominent rate of growth was recorded in 2021 an increase of 12% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 Germany ($X per ton), while the price for Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+12.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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