United Arab Emirates: Market for Nets of Twine, Cordage, Rope or Textile Materials 2024

Market Size for Nets of Twine, Cordage, Rope or Textile Materials in the United Arab Emirates

The market for nets of twine, cordage, rope or textile materials in the United Arab Emirates declined to $X in 2022, with a decrease of -6.4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a relatively flat trend pattern. Twine, cordage or textile net consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

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

Exports by Country

The Netherlands (X tons) was the main destination for twine, cordage or textile net exports from the United Arab Emirates, accounting for a 20% share of total exports. Moreover, twine, cordage or textile net exports to the Netherlands exceeded the volume sent to the second major destination, France (X tons), threefold. The third position in this ranking was taken by Mozambique (X tons), with a 7.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Netherlands totaled +108.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+91.9% per year) and Mozambique (-4.7% per year).

In value terms, the largest markets for twine, cordage or textile net exported from the United Arab Emirates were France ($X), the Netherlands ($X) and Mozambique ($X), together accounting for 49% of total exports.

The Netherlands, with a CAGR of +80.7%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for nets of twine, cordage, rope or textile materials stood at $X per ton in 2022, leveling off at the previous year. Overall, the export price showed a slight expansion. The growth pace was the most rapid in 2015 when the average export price increased by 106% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat 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 ($X per ton), while the average price for exports to Tanzania ($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 Niger (+10.3%), while the prices for the other major destinations experienced a decline.

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

Imports into the United Arab Emirates

In 2022, the amount of nets of twine, cordage, rope or textile materials imported into the United Arab Emirates declined slightly to X tons, therefore, remained relatively stable against the previous year. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 58%. Over the period under review, imports attained the maximum at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, twine, cordage or textile net imports reduced to $X in 2022. Overall, imports saw a slight decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 20%. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest twine, cordage or textile net supplier to the United Arab Emirates, accounting for a 66% share of total imports. Moreover, twine, cordage or textile net imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), threefold. The third position in this ranking was taken by Spain (X tons), with a 1.8% share.

From 2012 to 2022, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: India (+8.4% per year) and Spain (+9.7% per year).

In value terms, the largest twine, cordage or textile net suppliers to the United Arab Emirates were China ($X), India ($X) and Spain ($X), with a combined 85% share of total imports.

India, with a CAGR of +7.7%, 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

The average import price for nets of twine, cordage, rope or textile materials stood at $X per ton in 2022, which is down by -7.5% against the previous year. In general, the import price showed a pronounced slump. The pace of growth appeared the most rapid in 2021 when the average import price increased by 18%. Over the period under review, average import prices attained the maximum at $X per ton in 2018; however, from 2019 to 2022, 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 Morocco ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+0.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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