Spain: Sisal Binder Market 2024

Sisal Binder Market Size in Spain

The Spanish sisal binder market surged to $X in 2022, with an increase of 1,365% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Sisal Binder Production in Spain

In value terms, sisal binder production declined significantly to $X in 2022 estimated in export price. In general, production recorded prominent growth. The most prominent rate of growth was recorded in 2020 when the production volume increased by 202%. Sisal binder production peaked at $X in 2021, and then reduced notably in the following year.

Sisal Binder Exports

Exports from Spain

In 2022, after two years of decline, there was significant growth in shipments abroad of sisal binder or baler (agricultural) twines, when their volume increased by 65% to X tons. Over the period under review, exports, however, showed a deep setback. The growth pace was the most rapid in 2018 with an increase of 107%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, sisal binder exports skyrocketed to $X in 2022. In general, exports recorded a notable increase. The growth pace was the most rapid in 2019 with an increase of 93%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Portugal (X tons) was the main destination for sisal binder exports from Spain, with a 63% share of total exports. Moreover, sisal binder exports to Portugal exceeded the volume sent to the second major destination, Cuba (X tons), fivefold. The third position in this ranking was held by Morocco (X tons), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Portugal amounted to +39.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cuba (+90.8% per year) and Morocco (-22.3% per year).

In value terms, Portugal ($X) remains the key foreign market for sisal binder or baler (agricultural) twines exports from Spain, comprising 59% of total exports. The second position in the ranking was taken by Morocco ($X), with a 12% share of total exports. It was followed by Cuba, with a 12% share.

From 2012 to 2022, the average annual growth rate of value to Portugal stood at +44.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Morocco (-13.6% per year) and Cuba (+63.2% per year).

Export Prices by Country

In 2022, the average sisal binder export price amounted to $X per ton, dropping by -3.4% against the previous year. Over the period under review, the export price, however, continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by 91% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then contracted slightly in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Gambia ($X per ton), while the average price for exports to France ($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 Gambia (+39.2%), while the prices for the other major destinations experienced more modest paces of growth.

Sisal Binder Imports

Imports into Spain

In 2022, approx. X tons of sisal binder or baler (agricultural) twines were imported into Spain; rising by 25% against the year before. Overall, imports, however, showed a abrupt setback. The pace of growth appeared the most rapid in 2020 with an increase of 32% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, sisal binder imports skyrocketed to $X in 2022. Over the period under review, imports, however, saw a abrupt curtailment. The pace of growth was the most pronounced in 2020 when imports increased by 28% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Brazil (X tons), France (X tons) and Portugal (X tons) were the main suppliers of sisal binder imports to Spain, together comprising 63% of total imports. Germany, the Czech Republic, China and Italy lagged somewhat behind, together comprising a further 35%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +75.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and Portugal ($X) constituted the largest sisal binder suppliers to Spain, together comprising 65% of total imports.

Germany, with a CAGR of +84.5%, recorded 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 sisal binder import price amounted to $X per ton, which is down by -6.5% against the previous year. Overall, import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sisal binder import price increased by +44.9% against 2020 indices. The most prominent rate of growth was recorded in 2018 an increase of 67% against the previous year. The import price peaked at $X per ton in 2021, and then reduced in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+18.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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