Price for Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles in China - 2024

Contents:

1. Price for Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles in China (FOB) - 2024
2. Price for Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles in China (CIF) - 2022
3. Exports of Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles in China
4. Imports of Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles in China

Price for Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles in China (FOB) - 2024

The average export price for twine, cordage or rope; knotted netting, of other than man-made textileses stood at $4,178 per ton in April 2024, with a decrease of -6.9% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.8%. The most prominent rate of growth was recorded in January 2024 an increase of 15% against the previous month. The export price peaked at $4,487 per ton in March 2024, and then fell in the following month.

There were significant differences in the average prices for the major external markets. In April 2024, the country with the highest price was the United States ($6,066 per ton), while the average price for exports to Democratic People's Republic of Korea ($830 per ton) was amongst the lowest.

From April 2023 to April 2024, the most notable rate of growth in terms of prices was recorded for supplies to Israel (+4.6%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, the average import price for twine, cordage or rope; knotted netting, of other than man-made textileses amounted to $1,933 per ton, with a decrease of -17.2% against the previous year. Over the period under review, the import price continues to indicate a sharp shrinkage. The growth pace was the most rapid in 2014 when the average import price increased by 40%. As a result, import price reached the peak level of $27,141 per ton. From 2015 to 2022, the average 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 Germany ($12,777 per ton), while the price for South Korea ($1,091 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+7.1%), while the prices for the other major suppliers experienced a decline.

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

For the fourth consecutive year, China recorded growth in shipments abroad of twine, cordage or rope; knotted netting, of other than man-made textileses, which increased by 9.6% to 21K tons in 2022. Overall, total exports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +21.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +79.9% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 39%. The exports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, exports of twine, cordage or rope; knotted netting, of other than man-made textileses totaled $74M in 2022. In general, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +16.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +57.6% against 2019 indices. The growth pace was the most rapid in 2020 when exports increased by 21%. Over the period under review, the exports of reached the maximum in 2022 and are likely to continue growth in the near future.

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

1. United States (5.5K tons)
2. Poland (1.8K tons)
3. South Korea (1.2K tons)
4. Belarus (0.8K tons)
5. Japan (0.7K tons)
6. Canada (0.6K tons)
7. Australia (0.6K tons)
8. Germany (0.6K tons)
9. Malaysia (0.5K tons)
10. Belgium (0.5K tons)
11. Russia (0.5K tons)
12. Italy (0.4K tons)
13. Peru (0.4K tons)

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

After three years of growth, overseas purchases of twine, cordage or rope; knotted netting, of other than man-made textileses decreased by -9.1% to 745 tons in 2022. Over the period under review, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +23.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +87.6% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 59% against the previous year.

In value terms, imports of twine, cordage or rope; knotted netting, of other than man-made textileses reduced rapidly to $1.4M in 2022. In general, imports continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2020 when imports increased by 48% against the previous year. As a result, imports reached the peak of $2.6M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

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

1. Vietnam (360.1 tons)
2. United Kingdom (149.1 tons)
3. Japan (107.9 tons)
4. Taiwan (Chinese) (41.0 tons)
5. South Korea (37.7 tons)
6. India (32.8 tons)
7. United States (8.8 tons)

Source: IndexBox Market Intelligence Platform