Global Sisal Binder Market 2024

Sisal Binder Market Size

The global sisal binder market reached $X in 2022, picking up by 7.1% against the previous year. Overall, the total consumption indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -4.6% against 2020 indices. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the global market failed to regain momentum.

Sisal Binder Production

In value terms, sisal binder production rose rapidly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -6.1% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 32%. As a result, production attained the peak level of $X. From 2021 to 2022, global production growth remained at a lower figure.

Sisal Binder Exports

Exports

Global sisal binder exports amounted to X tons in 2022, approximately mirroring the previous year. In general, exports, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2020 when exports increased by 4.1% against the previous year. Over the period under review, the global exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, sisal binder exports rose remarkably to $X in 2022. Overall, exports, however, continue to indicate a pronounced downturn. The global exports peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Brazil was the major exporting country with an export of around X tons, which finished at 57% of total exports. Portugal (X tons) held the second position in the ranking, followed by Nepal (X tons). All these countries together held approx. 23% share of total exports. The following exporters - Tanzania (X tons) and Egypt (X tons) - each recorded a 4% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to sisal binder exports from Brazil stood at -6.4%. At the same time, Egypt (+108.0%) displayed positive paces of growth. Moreover, Egypt emerged as the fastest-growing exporter exported in the world, with a CAGR of +108.0% from 2012-2022. By contrast, Portugal (-2.8%), Nepal (-8.1%) and Tanzania (-12.2%) illustrated a downward trend over the same period. While the share of Portugal (+4.2 p.p.) and Egypt (+1.5 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of Nepal (-1.9 p.p.) and Tanzania (-2.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest sisal binder supplier worldwide, comprising 52% of global exports. The second position in the ranking was taken by Portugal ($X), with a 15% share of global exports. It was followed by Nepal, with a 5.1% share.

In Brazil, sisal binder exports decreased by an average annual rate of -5.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Portugal (+0.1% per year) and Nepal (-4.3% per year).

Export Prices by Country

The average sisal binder export price stood at $X per ton in 2022, picking up by 6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.1%. The most prominent rate of growth was recorded in 2015 when the average export price increased by 8.5%. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Portugal ($X per ton), while Nepal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nepal (+4.1%), while the other global leaders experienced more modest paces of growth.

Sisal Binder Imports

Imports

In 2022, approx. X tons of sisal binder or baler (agricultural) twines were imported worldwide; falling by -6.4% against the year before. In general, imports recorded a perceptible setback. The pace of growth was the most pronounced in 2018 with an increase of 4.8% against the previous year. Global imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, sisal binder imports contracted slightly to $X in 2022. Overall, imports showed a perceptible setback. The growth pace was the most rapid in 2018 with an increase of 17% against the previous year. Over the period under review, global imports reached the peak figure at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

The United States was the largest importing country with an import of about X tons, which amounted to 53% of total imports. France (X tons) ranks second in terms of the total imports with a 12% share, followed by Portugal (5.6%). Belgium (X tons), Canada (X tons), Germany (X tons), Sudan (X tons), the Netherlands (X tons) and Japan (X tons) held a relatively small share of total imports.

Imports into the United States decreased at an average annual rate of -6.0% from 2012 to 2022. At the same time, Sudan (+47.3%), Portugal (+13.2%) and France (+2.4%) displayed positive paces of growth. Moreover, Sudan emerged as the fastest-growing importer imported in the world, with a CAGR of +47.3% from 2012-2022. By contrast, Belgium (-3.5%), the Netherlands (-4.9%), Japan (-5.4%), Germany (-7.6%) and Canada (-9.3%) illustrated a downward trend over the same period. While the share of France (+6.1 p.p.), Portugal (+4.6 p.p.) and Sudan (+2.2 p.p.) increased significantly in terms of the global imports from 2012-2022, the share of Canada (-1.6 p.p.) and the United States (-6.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported sisal binder or baler (agricultural) twines worldwide, comprising 46% of global imports. The second position in the ranking was held by France ($X), with a 12% share of global imports. It was followed by Portugal, with a 4.1% share.

From 2012 to 2022, the average annual growth rate of value in the United States stood at -4.7%. The remaining importing countries recorded the following average annual rates of imports growth: France (+5.0% per year) and Portugal (+15.0% per year).

Import Prices by Country

In 2022, the average sisal binder import price amounted to $X per ton, growing by 5.4% against the previous year. Over the last decade, it increased at an average annual rate of +2.3%. The pace of growth was the most pronounced in 2015 when the average import price increased by 14%. Global import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while Portugal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sudan (+12.0%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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