Estonia: Market for Nets of Twine, Cordage, Rope or Textile Materials 2024

Market Size for Nets of Twine, Cordage, Rope or Textile Materials in Estonia

After five years of growth, the Estonian market for nets of twine, cordage, rope or textile materials decreased by X% to $X in 2022. In general, consumption continues to indicate a deep contraction. Twine, cordage or textile net consumption peaked at $X in 2021, and then shrank markedly in the following year.

Production of Nets of Twine, Cordage, Rope or Textile Materials in Estonia

In value terms, twine, cordage or textile net production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production recorded a perceptible downturn. The pace of growth was the most pronounced in 2013 when the production volume increased by X%. Twine, cordage or textile net production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Nets of Twine, Cordage, Rope or Textile Materials

Exports from Estonia

In 2022, approx. X tons of nets of twine, cordage, rope or textile materials were exported from Estonia; approximately equating the previous year's figure. Overall, total exports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, twine, cordage or textile net exports amounted to $X in 2022. Over the period under review, total exports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2013 when exports increased by X%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Denmark (X tons) was the main destination for twine, cordage or textile net exports from Estonia, accounting for a X% share of total exports. Moreover, twine, cordage or textile net exports to Denmark exceeded the volume sent to the second major destination, Finland (X tons), more than tenfold. The third position in this ranking was held by South Korea (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Denmark amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (X% per year) and South Korea (X% per year).

In value terms, Denmark ($X) remains the key foreign market for nets of twine, cordage, rope or textile materials exports from Estonia, comprising X% of total exports. The second position in the ranking was held by Finland ($X), with an X% share of total exports. It was followed by South Korea, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Denmark stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (X% per year) and South Korea (X% per year).

Export Prices by Country

In 2022, the average export price for nets of twine, cordage, rope or textile materials amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced descent. The most prominent rate of growth was recorded in 2016 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to Denmark ($X 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 Norway (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Nets of Twine, Cordage, Rope or Textile Materials

Imports into Estonia

In 2022, overseas purchases of nets of twine, cordage, rope or textile materials increased by X% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, imports showed a slight expansion. The growth pace was the most rapid in 2013 with an increase of X%. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, twine, cordage or textile net imports declined to $X in 2022. Overall, imports recorded a noticeable increase. The most prominent rate of growth was recorded in 2013 when imports increased by X%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

China (X tons), Denmark (X tons) and Turkey (X tons) were the main suppliers of twine, cordage or textile net imports to Estonia, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X), China ($X) and Finland ($X) appeared to be the largest twine, cordage or textile net suppliers to Estonia, with a combined X% share of total imports. Poland, Turkey, Russia, Vietnam and Spain lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Turkey, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for nets of twine, cordage, rope or textile materials stood at $X per ton in 2022, which is down by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton, and then declined sharply 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 Poland ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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