MERCOSUR: Twine And Cordage Market 2024

Twine And Cordage Market Size in MERCOSUR

For the seventh consecutive year, the MERCOSUR twine and cordage market recorded growth in sales value, which increased by X% to $X in 2022. Over the period under review, consumption showed a prominent expansion. The level of consumption peaked in 2022 and is expected to retain growth in the near future.

Twine And Cordage Production in MERCOSUR

In value terms, twine and cordage production reduced modestly to $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Twine And Cordage Exports

Exports in MERCOSUR

In 2022, overseas shipments of twine, cordage, rope and cables decreased by X% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, exports saw a noticeable shrinkage. The growth pace was the most rapid in 2020 when exports increased by X%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, twine and cordage exports expanded markedly to $X in 2022. Overall, exports showed a perceptible curtailment. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. The level of export peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Brazil prevails in exports structure, recording X tons, which was near X% of total exports in 2022. Peru (X tons) held the second position in the ranking, followed by Colombia (X tons) and Chile (X tons). All these countries together held near X% share of total exports. Paraguay (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to twine and cordage exports from Brazil stood at X%. At the same time, Paraguay (X%), Chile (X%) and Colombia (X%) displayed positive paces of growth. Moreover, Paraguay emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of X% from 2012-2022. By contrast, Peru (X%) illustrated a downward trend over the same period. Colombia (X p.p.), Chile (X p.p.) and Paraguay (X p.p.) significantly strengthened its position in terms of the total exports, while Brazil saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest twine and cordage supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was taken by Colombia ($X), with a X% share of total exports. It was followed by Peru, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Brazil amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Colombia (X% per year) and Peru (X% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2022, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2014 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 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 Colombia ($X per ton), while Chile ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (X%), while the other leaders experienced a decline in the export price figures.

Twine And Cordage Imports

Imports in MERCOSUR

Twine and cordage imports expanded rapidly to X tons in 2022, surging by X% compared with 2021 figures. Over the period under review, imports posted a mild expansion. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in the near future.

In value terms, twine and cordage imports soared to $X in 2022. Total imports indicated pronounced growth 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, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in the near future.

Imports by Country

Chile represented the major importing country with an import of around X tons, which reached X% of total imports. Brazil (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Peru (X%), Ecuador (X%) and Colombia (X%). Paraguay (X tons) and Argentina (X tons) followed a long way behind the leaders.

Chile was also the fastest-growing in terms of the twine, cordage, rope and cables imports, with a CAGR of X% from 2012 to 2022. At the same time, Brazil (X%), Colombia (X%) and Ecuador (X%) displayed positive paces of growth. Peru experienced a relatively flat trend pattern. By contrast, Paraguay (X%) and Argentina (X%) illustrated a downward trend over the same period. While the share of Chile (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Paraguay (X p.p.), Peru (X p.p.) and Argentina (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Chile ($X), Brazil ($X) and Ecuador ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of total imports.

In terms of the main importing countries, Brazil, 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 import price in MERCOSUR stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of X%. The level of import peaked at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Argentina ($X per ton), while Chile ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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