Price for Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles in Bangladesh - 2022

Contents:

1. Price for Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles in Bangladesh (CIF) - 2022
2. Price for Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles in Bangladesh (FOB) - 2022
3. Imports of Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles in Bangladesh
4. Exports of Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles in Bangladesh

Price for Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles in Bangladesh (CIF) - 2022

The average import price for twine, cordage or rope; knotted netting, of other than man-made textileses stood at $4,305 per ton in 2022, rising by 7.4% against the previous year. Over the period under review, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for twine, cordage or rope; knotted netting, of other than man-made textileses increased by +35.2% against 2019 indices. The pace of growth was the most pronounced in 2014 when the average import price increased by 64% against the previous year. Over the period under review, average import prices reached the maximum at $6,327 per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($4,537 per ton), while the price for India ($1,921 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles in Bangladesh (FOB) - 2022

The average export price for twine, cordage or rope; knotted netting, of other than man-made textileses stood at $1,453 per ton in 2022, dropping by -74.7% against the previous year. Over the period under review, the export price, however, posted a modest increase. The pace of growth was the most pronounced in 2021 when the average export price increased by 358% against the previous year. As a result, the export price reached the peak level of $5,734 per ton, and then shrank remarkably in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($12,500 per ton), while the average price for exports to the United Arab Emirates ($185 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 Malaysia (+16.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles in Bangladesh

In 2022, after three years of growth, there was significant decline in overseas purchases of twine, cordage or rope; knotted netting, of other than man-made textileses, when their volume decreased by -13.8% to 171 tons. Overall, imports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 125%.

In value terms, imports of twine, cordage or rope; knotted netting, of other than man-made textileses shrank to $738K in 2022. In general, imports, however, posted a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 220% against the previous year.

Top Suppliers of Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles to Bangladesh in 2022:

1. China (142.5 tons)
2. Singapore (15.0 tons)
3. Turkey (11.5 tons)
4. India (2.2 tons)

Exports of Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles in Bangladesh

In 2022, shipments abroad of twine, cordage or rope; knotted netting, of other than man-made textileses was finally on the rise to reach 46 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, continue to indicate a deep downturn.

In value terms, exports of twine, cordage or rope; knotted netting, of other than man-made textileses rose sharply to $66K in 2022. In general, exports, however, continue to indicate a deep reduction.

Top Export Markets for Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles from Bangladesh in 2022:

1. India (28.7 tons)
2. Spain (6.0 tons)
3. United Arab Emirates (5.7 tons)
4. Netherlands (2.4 tons)
5. Costa Rica (1.6 tons)

Source: IndexBox Market Intelligence Platform