Sisal Binder Market

The article discusses the rising demand for sisal binder or baler (agricultural) twines globally, with a forecasted increase in consumption volume and market value. It highlights consumption patterns, production trends, imports, and exports of sisal binders, providing insights into major consuming and producing countries. The analysis covers market performance, growth rates, and price dynamics, aiming to provide a comprehensive overview of the sisal binder market from 2022 to 2030.

Market Forecast

Driven by increasing demand for sisal binder or baler (agricultural) twines worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +3.8% for the period from 2022 to 2030, which is projected to bring the market volume to 164K tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +6.0% for the period from 2022 to 2030, which is projected to bring the market value to $367M (in nominal prices) by the end of 2030.

Consumption

World Consumption of Sisal Binder Or Baler (Agricultural) Twines

In 2022, consumption of sisal binder or baler (agricultural) twines decreased by -1.6% to 122K tons for the first time since 2019, thus ending a two-year rising trend. The total consumption volume increased at an average annual rate of +2.2% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2020 when the consumption volume increased by 7.4%. Over the period under review, global consumption attained the maximum volume at 124K tons in 2021, and then dropped slightly in the following year.

The global sisal binder market size rose modestly to $231M in 2022, increasing by 1.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +2.8% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, consumption attained the peak level of $240M. From 2015 to 2022, the growth of the global market remained at a somewhat lower figure.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were Brazil (33K tons), Russia (22K tons) and Nepal (17K tons), together accounting for 59% of global consumption. The United States, Bangladesh, France, Saudi Arabia, Tanzania and Madagascar lagged somewhat behind, together accounting for a further 27%.

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by Tanzania (with a CAGR of +24.4%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the largest sisal binder markets worldwide were Brazil ($54M), Russia ($46M) and the United States ($30M), together accounting for 56% of the global market. Nepal, Bangladesh, France, Saudi Arabia, Tanzania and Madagascar lagged somewhat behind, together accounting for a further 23%.

Among the main consuming countries, Tanzania, with a CAGR of +31.0%, recorded the highest rates of growth with regard to market size over the period under review, while market for the other global leaders experienced more modest paces of growth.

In 2022, the highest levels of sisal binder per capita consumption was registered in Nepal (559 kg per million persons), followed by Brazil (154 kg per million persons), Russia (152 kg per million persons) and Saudi Arabia (82 kg per million persons), while the world average per capita consumption of sisal binder was estimated at 15 kg per million persons.

In Nepal, sisal binder per capita consumption increased at an average annual rate of +2.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Brazil (+6.3% per year) and Russia (+6.9% per year).

Production

World Production of Sisal Binder Or Baler (Agricultural) Twines

In 2022, after two years of growth, there was decline in production of sisal binder or baler (agricultural) twines, when its volume decreased by -0.4% to 119K tons. The total output volume increased at an average annual rate of +1.8% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when the production volume increased by 7.4% against the previous year. Over the period under review, global production attained the peak volume at 119K tons in 2021, and then declined slightly in the following year.

In value terms, sisal binder production expanded slightly to $205M in 2022 estimated in export price. The total output value increased at an average annual rate of +2.6% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 when the production volume increased by 40%. Over the period under review, global production attained the peak level at $209M in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Production By Country

Brazil (48K tons) remains the largest sisal binder producing country worldwide, accounting for 40% of total volume. Moreover, sisal binder production in Brazil exceeded the figures recorded by the second-largest producer, Russia (22K tons), twofold. The third position in this ranking was taken by Nepal (19K tons), with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in Brazil was relatively modest. In the other countries, the average annual rates were as follows: Russia (+7.8% per year) and Nepal (+0.7% per year).

Imports

World Imports of Sisal Binder Or Baler (Agricultural) Twines

In 2022, global sisal binder imports shrank slightly to 31K tons, which is down by -3.2% compared with 2021 figures. In general, imports saw a noticeable reduction. The growth pace was the most rapid in 2018 with an increase of 12% against the previous year. Over the period under review, global imports hit record highs at 49K tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, sisal binder imports totaled $71M in 2022. Over the period under review, imports showed a noticeable shrinkage. The growth pace was the most rapid in 2018 when imports increased by 17% against the previous year. Over the period under review, global imports attained the maximum at $103M in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports By Country

The United States represented the major importer of sisal binder or baler (agricultural) twines in the world, with the volume of imports amounting to 15K tons, which was near 49% of total imports in 2022. It was distantly followed by France (3.3K tons) and Portugal (1.6K tons), together comprising a 16% share of total imports. The following importers - Belgium (1,015 tons), the Netherlands (931 tons), Afghanistan (776 tons), Canada (766 tons), Germany (655 tons), Sudan (651 tons) and Russia (523 tons) - together made up 17% 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, Afghanistan (+37.6%), Portugal (+13.2%) and France (+2.4%) displayed positive paces of growth. Moreover, Afghanistan emerged as the fastest-growing importer imported in the world, with a CAGR of +37.6% from 2012-2022. The Netherlands and Sudan experienced a relatively flat trend pattern. By contrast, Belgium (-1.7%), Russia (-6.8%), Germany (-7.6%) and Canada (-9.3%) illustrated a downward trend over the same period. France (+5.5 p.p.), Portugal (+4.3 p.p.) and Afghanistan (+2.5 p.p.) significantly strengthened its position in terms of the global imports, while Canada and the United States saw its share reduced by -1.6% and -8% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($31M) constitutes the largest market for imported sisal binder or baler (agricultural) twines worldwide, comprising 43% of global imports. The second position in the ranking was taken by France ($8M), with an 11% share of global imports. It was followed by the Netherlands, with a 4.6% share.

In the United States, sisal binder imports decreased by an average annual rate of -4.7% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: France (+5.3% per year) and the Netherlands (+5.5% per year).

Import Prices By Country

The average sisal binder import price stood at $2,315 per ton in 2022, growing by 7% against the previous year. Over the last decade, it increased at an average annual rate of +2.3%. The most prominent rate of growth was recorded in 2015 an increase of 14% against the previous year. As a result, import price attained the peak level of $2,411 per ton. From 2016 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Netherlands ($3,555 per ton), while Afghanistan ($1,249 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sudan (+10.1%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Sisal Binder Or Baler (Agricultural) Twines

In 2022, approx. 28K tons of sisal binder or baler (agricultural) twines were exported worldwide; picking up by 1.5% on the previous year's figure. Overall, exports, however, continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by 4.9% against the previous year. The global exports peaked at 51K tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, sisal binder exports stood at $54M in 2022. In general, exports, however, recorded a pronounced slump. The most prominent rate of growth was recorded in 2014 when exports increased by 8.9% against the previous year. The global exports peaked at $82M in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports By Country

In 2022, Brazil (15K tons) was the major exporter of sisal binder or baler (agricultural) twines, committing 53% of total exports. Portugal (3.5K tons) held the second position in the ranking, followed by Nepal (2.6K tons) and Iran (1.4K tons). All these countries together held approx. 27% share of total exports. The following exporters - Tanzania (650 tons) and the Netherlands (613 tons) - each finished at a 4.5% 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, Iran (+27.4%) and the Netherlands (+18.6%) displayed positive paces of growth. Moreover, Iran emerged as the fastest-growing exporter exported in the world, with a CAGR of +27.4% 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 Iran (+4.9 p.p.), Portugal (+3.3 p.p.) and the Netherlands (+2 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of Tanzania (-2.4 p.p.), Nepal (-2.6 p.p.) and Brazil (-3.5 p.p.) displayed negative dynamics.

In value terms, Brazil ($26M) remains the largest sisal binder supplier worldwide, comprising 49% of global exports. The second position in the ranking was taken by Portugal ($7.7M), with a 14% share of global exports. It was followed by Nepal, with a 4.8% share.

From 2012 to 2022, the average annual growth rate of value in Brazil stood at -5.2%. The remaining exporting countries recorded the following average annual rates of exports growth: Portugal (+0.4% per year) and Nepal (-4.3% per year).

Export Prices By Country

In 2022, the average sisal binder export price amounted to $1,940 per ton, growing by 6.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. The growth pace was the most rapid in 2015 when the average export price increased by 8.3%. Over the period under review, the average export prices hit record highs at $2,162 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Netherlands ($2,707 per ton), while Nepal ($1,021 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.

Source: IndexBox Market Intelligence Platform