Slovenia: Twine And Cordage Market 2024

Twine And Cordage Market Size in Slovenia

The Slovene twine and cordage market fell slightly to $X in 2022, waning by -3.6% against the previous year. Over the period under review, the total consumption indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +2.3% 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 +11.0% against 2020 indices. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Twine And Cordage Production in Slovenia

In value terms, twine and cordage production shrank to $X in 2022 estimated in export price. Overall, production showed a abrupt decline. The pace of growth was the most pronounced in 2014 when the production volume increased by 282% against the previous year. Twine and cordage production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Twine And Cordage Exports

Exports from Slovenia

In 2022, after two years of growth, there was significant decline in shipments abroad of twine, cordage, rope and cables, when their volume decreased by -12.2% to X tons. Over the period under review, exports showed a deep contraction. The growth pace was the most rapid in 2017 when exports increased by 74% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, twine and cordage exports contracted significantly to $X in 2022. Overall, exports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 68%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Serbia (X tons), Croatia (X tons) and Germany (X tons) were the main destinations of twine and cordage exports from Slovenia, together accounting for 88% of total exports.

From 2012 to 2022, the biggest increases were recorded for Serbia (with a CAGR of +15.2%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for twine and cordage exported from Slovenia were Croatia ($X), Serbia ($X) and Austria ($X), together comprising 75% of total exports.

Among the main countries of destination, Serbia, with a CAGR of +16.7%, saw the highest rates of growth with regard to 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

In 2022, the average twine and cordage export price amounted to $X per ton, with a decrease of -3.9% against the previous year. Overall, export price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +6.2% 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 decreased by -33.6% against 2020 indices. The most prominent rate of growth was recorded in 2013 an increase of 58%. Over the period under review, the average export prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Serbia ($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 Austria (+33.1%), while the prices for the other major destinations experienced more modest paces of growth.

Twine And Cordage Imports

Imports into Slovenia

In 2022, purchases abroad of twine, cordage, rope and cables decreased by -1.1% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports saw a mild descent. The pace of growth appeared the most rapid in 2017 when imports increased by 32% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, twine and cordage imports dropped modestly to $X in 2022. The total import value increased at an average annual rate of +1.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when imports increased by 21% against the previous year. Imports peaked at $X in 2021, and then fell slightly in the following year.

Imports by Country

Portugal (X tons), Germany (X tons) and Serbia (X tons) were the main suppliers of twine and cordage imports to Slovenia, with a combined 56% 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 Portugal (with a CAGR of +137.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Portugal ($X) and Italy ($X) appeared to be the largest twine and cordage suppliers to Slovenia, with a combined 41% share of total imports.

Portugal, with a CAGR of +84.4%, recorded the highest rates of growth with regard to 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

The average twine and cordage import price stood at $X per ton in 2022, with a decrease of -2.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.2%. The pace of growth appeared the most rapid in 2013 an increase of 50% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+17.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform