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

Contents:

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

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

The average export price for twine, cordage or rope; knotted netting, of other than man-made textileses stood at $5,014 per ton in 2022, shrinking by -5.4% against the previous year. In general, the export price showed a noticeable decline. The growth pace was the most rapid in 2018 an increase of 29% against the previous year. As a result, the export price reached the peak level of $8,349 per ton. From 2019 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Australia ($5,014 per ton) and the United States ($5,014 per ton), while the average price for exports to Japan ($5,013 per ton) and South Korea ($5,014 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (-1.5%), while the prices for the other major destinations experienced a decline.

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

The average import price for twine, cordage or rope; knotted netting, of other than man-made textileses stood at $7,193 per ton in 2022, picking up by 9.4% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 22% against the previous year. Over the period under review, average import prices hit record highs at $7,260 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Thailand ($7,193 per ton) and Taiwan (Chinese) ($7,193 per ton), while the price for the United States ($7,192 per ton) and India ($7,192 per ton) were amongst the lowest.

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

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

Exports of twine, cordage or rope; knotted netting, of other than man-made textileses from Vietnam stood at 1.5K tons in 2022, increasing by 8.7% compared with 2021. Overall, total exports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +7.4% 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 +71.9% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 58% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, exports of twine, cordage or rope; knotted netting, of other than man-made textileses expanded to $7.8M in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 20%.

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

1. South Korea (682.5 tons)
2. United States (237.6 tons)
3. Germany (171.3 tons)
4. Netherlands (86.9 tons)
5. Taiwan (Chinese) (82.4 tons)
6. China (77.4 tons)
7. France (32.5 tons)

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

In 2022, the amount of twine, cordage or rope; knotted netting, of other than man-made textileses imported into Vietnam contracted to 404 tons, leveling off at 2021 figures. Over the period under review, imports recorded a deep setback.

In value terms, imports of twine, cordage or rope; knotted netting, of other than man-made textileses stood at $2.9M in 2022. In general, imports continue to indicate a abrupt decrease.

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

1. China (202.6 tons)
2. South Korea (78.6 tons)
3. Taiwan (Chinese) (34.7 tons)
4. Thailand (20.5 tons)
5. United States (16.2 tons)
6. India (15.5 tons)
7. Malaysia (13.5 tons)
8. Japan (1.7 tons)
9. United Kingdom (0.4 tons)

Source: IndexBox Market Intelligence Platform