Overview of the Global Market for Nets of Twine, Cordage, Rope or Textile Materials

Market Size for Nets of Twine, Cordage, Rope or Textile Materials

In 2021, after nine years of growth, there was significant decline in the global market for nets of twine, cordage, rope or textile materials, when its value decreased by -6% to $X. In general, the total consumption indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +6.6% 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 +77.4% against 2012 indices. Over the period under review, the global market hit record highs at $X in 2020, and then fell in the following year.

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

In value terms, twine, cordage or textile net production declined slightly to $X in 2021 estimated in export price. In general, the total production indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +6.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +80.2% against 2012 indices. The pace of growth was the most pronounced in 2014 with an increase of 14% against the previous year. Over the period under review, global production reached the maximum level at $X in 2020, and then declined in the following year.

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

Exports

Global twine, cordage or textile net exports soared to X tons in 2021, increasing by 18% compared with the previous year. Over the period under review, total exports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +6.2% 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 increased by +71.8% against 2012 indices. 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 soared to $X in 2021. The total export value increased at an average annual rate of +4.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded 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

China prevails in exports structure, accounting for X tons, which was near 52% of total exports in 2021. It was distantly followed by Vietnam (X tons), mixing up a 7.2% share of total exports. Thailand (X tons), Japan (X tons), India (X tons), Spain (X tons), Greece (X tons), South Korea (X tons), Malaysia (X tons) and Germany (X tons) held a little share of total exports.

Exports from China increased at an average annual rate of +8.5% from 2012 to 2021. At the same time, Malaysia (+12.5%), India (+8.8%), Germany (+8.7%), Spain (+6.3%), Vietnam (+6.0%), Greece (+5.0%), Thailand (+3.3%) and Japan (+2.7%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in the world, with a CAGR of +12.5% from 2012-2021. By contrast, South Korea (-3.0%) illustrated a downward trend over the same period. While the share of China (+9.1 p.p.) increased significantly in terms of the global exports from 2012-2021, the share of South Korea (-2.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest twine, cordage or textile net supplier worldwide, comprising 42% of global exports. The second position in the ranking was held by Vietnam ($X), with a 5.8% share of global exports. It was followed by Thailand, with a 5.3% share.

In China, twine, cordage or textile net exports expanded at an average annual rate of +7.0% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Vietnam (+3.1% per year) and Thailand (+1.4% per year).

Export Prices by Country

The average export price for nets of twine, cordage, rope or textile materials stood at $X per ton in 2021, almost unchanged from the previous year. Overall, the export price saw a slight descent. The pace of growth appeared the most rapid in 2016 an increase of 5.1%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+1.5%), while the other global leaders experienced mixed trends in the export price figures.

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

Imports

In 2021, overseas purchases of nets of twine, cordage, rope or textile materials increased by 1.4% 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 +3.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 14%. Over the period under review, global imports reached the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, twine, cordage or textile net imports rose sharply to $X in 2021. The total import value increased at an average annual rate of +2.7% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 10%. Global imports peaked in 2021 and are likely to see steady growth in the near future.

Imports by Country

Japan (X tons) and South Korea (X tons) were the key importers of nets of twine, cordage, rope or textile materials in 2021, resulting at near 7.9% and 7.7% of total imports, respectively. It was followed by Malaysia (X tons), making up a 4.6% share of total imports. Indonesia (X tons), Germany (X tons), France (X tons), the Netherlands (X tons), Spain (X tons), the United States (X tons), Norway (X tons), Vietnam (X tons), India (X tons) and Italy (X tons) held a little share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by India (with a CAGR of +21.6%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, Japan ($X), South Korea ($X) and Germany ($X) were the countries with the highest levels of imports in 2021, with a combined 18% share of global imports. Norway, France, Malaysia, the United States, Vietnam, the Netherlands, Indonesia, Italy, Spain and India lagged somewhat behind, together comprising a further 30%.

The Netherlands, with a CAGR of +13.7%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for nets of twine, cordage, rope or textile materials amounted to $X per ton, increasing by 5.1% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 6.3%. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Norway ($X per ton), while Indonesia ($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 global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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