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

Contents:

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

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

The average import price for twine, cordage or rope; knotted netting, of other than man-made textileses stood at $7,974 per ton in 2022, with a decrease of -27.9% against the previous year. In general, the import price continues to indicate a slight reduction. The most prominent rate of growth was recorded in 2020 an increase of 35%. The import price peaked at $11,065 per ton in 2021, and then declined markedly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Faroe Islands ($18,967 per ton), while the price for South Korea ($5,790 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+7.8%), 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 Norway (FOB) - 2022

In 2022, the average export price for twine, cordage or rope; knotted netting, of other than man-made textileses amounted to $1,408 per ton, which is down by -44.6% against the previous year. Overall, the export price, however, recorded strong growth. The most prominent rate of growth was recorded in 2013 when the average export price increased by 137% against the previous year. Over the period under review, the average export prices hit record highs at $2,542 per ton in 2021, and then shrank rapidly in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Iceland ($3,551 per ton), while the average price for exports to India ($174 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 India (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, after two years of decline, there was significant growth in overseas purchases of twine, cordage or rope; knotted netting, of other than man-made textileses, when their volume increased by 110% to 642 tons. In general, imports enjoyed a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of twine, cordage or rope; knotted netting, of other than man-made textileses soared to $5.1M in 2022. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +11.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +53.8% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. China (260.5 tons)
2. South Korea (188.6 tons)
3. Lithuania (48.2 tons)
4. Denmark (46.5 tons)
5. Thailand (30.2 tons)
6. Spain (16.7 tons)
7. Faroe Islands (15.4 tons)
8. India (9.0 tons)
9. Taiwan (Chinese) (5.2 tons)
10. Sweden (1.9 tons)
11. United Kingdom (1.8 tons)

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

For the fourth consecutive year, Norway recorded growth in shipments abroad of twine, cordage or rope; knotted netting, of other than man-made textileses, which increased by 36% to 3.2K tons in 2022. In general, exports saw a significant increase. The growth pace was the most rapid in 2021 with an increase of 119%. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, exports of twine, cordage or rope; knotted netting, of other than man-made textileses fell notably to $4.6M in 2022. Overall, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 365%. As a result, the exports attained the peak of $6.1M, and then shrank sharply in the following year.

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

1. Denmark (2497.0 tons)
2. India (189.0 tons)
3. Iceland (133.6 tons)
4. Russia (47.5 tons)
5. Latvia (42.4 tons)
6. Egypt (28.8 tons)
7. Chile (2.6 tons)

Source: IndexBox Market Intelligence Platform