South-Eastern Asia: Market for Nets of Twine, Cordage, Rope or Textile Materials 2022

Market Size for Nets of Twine, Cordage, Rope or Textile Materials in South-Eastern Asia

After four years of growth, the Southeast Asian market for nets of twine, cordage, rope or textile materials decreased by -7.1% to $X in 2021. The total consumption indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +33.5% against 2016 indices. As a result, consumption attained the peak level of $X, and then fell in the following year.

Production of Nets of Twine, Cordage, Rope or Textile Materials in South-Eastern Asia

In value terms, twine, cordage or textile net production shrank modestly to $X in 2021 estimated in export price. The total production indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +4.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +40.6% against 2016 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by 15% against the previous year. The level of production peaked at $X in 2020, and then fell slightly in the following year.

Exports of Nets of Twine, Cordage, Rope or Textile Materials

Exports in South-Eastern Asia

Twine, cordage or textile net exports expanded rapidly to X tons in 2021, with an increase of 12% compared with the previous year's figure. The total export volume increased at an average annual rate of +4.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, twine, cordage or textile net exports expanded remarkably to $X in 2021. The total export value increased at an average annual rate of +2.3% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Vietnam represented the major exporter of nets of twine, cordage, rope or textile materials in South-Eastern Asia, with the volume of exports accounting for X tons, which was approx. 48% of total exports in 2021. It was distantly followed by Thailand (X tons), Malaysia (X tons) and the Philippines (X tons), together comprising a 46% share of total exports. The following exporters - Indonesia (X tons) and Singapore (X tons) - together made up 6.8% of total exports.

From 2012 to 2021, the biggest increases were in Malaysia (with a CAGR of +12.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest twine, cordage or textile net supplying countries in South-Eastern Asia were Vietnam ($X), Thailand ($X) and Malaysia ($X), together comprising 85% of total exports.

In terms of the main exporting countries, Malaysia, with a CAGR of +11.8%, saw the highest growth rate of 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

The export price in South-Eastern Asia stood at $X per ton in 2021, almost unchanged from the previous year. In general, the export price continues to indicate a perceptible shrinkage. The pace of growth appeared the most rapid in 2017 when the export price increased by 3.2% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+1.5%), while the other leaders experienced a decline in the export price figures.

Imports of Nets of Twine, Cordage, Rope or Textile Materials

Imports in South-Eastern Asia

In 2021, supplies from abroad of nets of twine, cordage, rope or textile materials increased by 3.3% to X tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of +1.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 when imports increased by 16%. Over the period under review, imports attained the peak figure at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, twine, cordage or textile net imports fell to $X in 2021. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when imports increased by 13%. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

Malaysia (X tons) and Indonesia (X tons) were the main importers of nets of twine, cordage, rope or textile materials in 2021, accounting for approx. 30% and 27% of total imports, respectively. It was distantly followed by Vietnam (X tons), the Philippines (X tons) and Thailand (X tons), together mixing up a 38% share of total imports. The following importers - Singapore (X tons) and Myanmar (X tons) - together made up 4.4% of total imports.

From 2012 to 2021, the biggest increases were in the Philippines (with a CAGR of +39.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest twine, cordage or textile net importing markets in South-Eastern Asia were Malaysia ($X), Vietnam ($X) and Indonesia ($X), with a combined 78% share of total imports. Thailand, Singapore, the Philippines and Myanmar lagged somewhat behind, together comprising a further 20%.

The Philippines, with a CAGR of +22.6%, recorded 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 South-Eastern Asia amounted to $X per ton, dropping by -10.9% against the previous year. Over the period under review, the import price continues to indicate a pronounced decline. The most prominent rate of growth was recorded in 2018 when the import price increased by 7.7%. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+6.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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