Scandinavia: Twine Product Market 2022

Twine Product Market Size in Scandinavia

The Scandinavia twine product market soared to $X in 2021, increasing by 46% against the previous year. Over the period under review, consumption enjoyed a strong expansion. Over the period under review, the market attained the peak level in 2021 and is expected to retain growth in the near future.

Twine Product Production in Scandinavia

In value terms, twine product production reached $X in 2021 estimated in export price. In general, production recorded a strong expansion. The most prominent rate of growth was recorded in 2019 with an increase of 128% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Twine Product Exports

Exports in Scandinavia

In 2021, the amount of articles of twine, cordage, rope or cables exported in Scandinavia dropped notably to X tons, declining by -28.3% against the previous year. Total exports indicated modest growth from 2012 to 2021: its volume increased at an average annual rate of +1.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -30.9% against 2019 indices. The pace of growth was the most pronounced in 2015 with an increase of 38%. The volume of export peaked at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, twine product exports dropped sharply to $X in 2021. Total exports indicated mild growth from 2012 to 2021: its value increased at an average annual rate of +1.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -30.9% against 2019 indices. The most prominent rate of growth was recorded in 2019 with an increase of 39% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Sweden (X tons), Denmark (X tons) and Norway (X tons) represented roughly 93% of total exports in 2021. It was distantly followed by Iceland (X tons), achieving a 6.4% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Iceland (with a CAGR of +53.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest twine product supplying countries in Scandinavia were Denmark ($X), Sweden ($X) and Norway ($X), with a combined 95% share of total exports. These countries were followed by Iceland, which accounted for a further 4.7%.

Iceland, with a CAGR of +61.7%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2021, picking up by 4.2% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the export price increased by 15% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Denmark ($X per ton), while Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iceland (+5.5%), while the other leaders experienced mixed trends in the export price figures.

Twine Product Imports

Imports in Scandinavia

In 2021, approx. X tons of articles of twine, cordage, rope or cables were imported in Scandinavia; picking up by 12% on the year before. The total import volume increased at an average annual rate of +4.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 with an increase of 27%. Over the period under review, imports attained the maximum in 2021 and are likely to continue growth in the immediate term.

In value terms, twine product imports soared to $X in 2021. Total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +6.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +60.2% against 2015 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The purchases of the three major importers of articles of twine, cordage, rope or cables, namely Sweden, Norway and Denmark, represented more than two-thirds of total import. It was distantly followed by Finland (X tons), creating an 8.6% share of total imports. Iceland (X tons) took a little share of total imports.

From 2012 to 2021, the biggest increases were in Iceland (with a CAGR of +10.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest twine product importing markets in Scandinavia were Norway ($X), Sweden ($X) and Denmark ($X), with a combined 86% share of total imports. These countries were followed by Finland and Iceland, which together accounted for a further 14%.

Iceland, with a CAGR of +10.3%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Scandinavia amounted to $X per ton, rising by 13% against the previous year. Over the last nine years, it increased at an average annual rate of +1.6%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Iceland ($X per ton), while Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (+4.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform