SADC: Twine Product Market 2024

Twine Product Market Size in SADC

The SADC twine product market declined modestly to $X in 2022, leveling off at the previous year. Over the period under review, consumption enjoyed a resilient expansion. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Twine Product Production in SADC

In value terms, twine product production shrank slightly to $X in 2022 estimated in export price. Over the period under review, production posted strong growth. The growth pace was the most rapid in 2016 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Twine Product Exports

Exports in SADC

In 2022, the amount of articles of twine, cordage, rope or cables exported in SADC expanded modestly to X tons, with an increase of X% compared with the year before. Over the period under review, exports showed a resilient increase. The pace of growth appeared the most rapid in 2021 when exports increased by X%. The volume of export peaked in 2022 and is likely to see gradual growth in the immediate term.

In value terms, twine product exports expanded significantly to $X in 2022. In general, exports saw a buoyant expansion. The pace of growth was the most pronounced in 2021 when exports increased by X%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in the near future.

Exports by Country

South Africa was the main exporting country with an export of about X tons, which resulted at X% of total exports. It was distantly followed by Mauritius (X tons), committing a X% share of total exports.

Exports from South Africa increased at an average annual rate of X% from 2012 to 2022. At the same time, Mauritius (X%) displayed positive paces of growth. Moreover, Mauritius emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2022. Mauritius (X p.p.) significantly strengthened its position in terms of the total exports, while South Africa saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, South Africa ($X) remains the largest twine product supplier in SADC, comprising X% of total exports. The second position in the ranking was taken by Mauritius ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa totaled X%.

Export Prices by Country

In 2022, the export price in SADC amounted to $X per ton, picking up 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 export price increased by X%. Over the period under review, the export prices attained the peak figure in 2022 and is likely to continue growth in years to come.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Mauritius amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (X%).

Twine Product Imports

Imports in SADC

In 2022, twine product imports in SADC rose significantly to X tons, picking up by X% compared with 2021 figures. In general, imports saw buoyant growth. The pace of growth was the most pronounced in 2021 when imports increased by X%. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, twine product imports rose to $X in 2022. Total imports indicated temperate 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 most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Tanzania was the key importing country with an import of around X tons, which finished at X% of total imports. South Africa (X tons) ranks second in terms of the total imports with a X% share, followed by Angola (X%) and Madagascar (X%). The following importers - Namibia (X tons), Mozambique (X tons), Democratic Republic of the Congo (X tons), Lesotho (X tons), Mauritius (X tons) and Zimbabwe (X tons) - together made up X% of total imports.

Tanzania was also the fastest-growing in terms of the articles of twine, cordage, rope or cables imports, with a CAGR of X% from 2012 to 2022. At the same time, Madagascar (X%), Zimbabwe (X%), Democratic Republic of the Congo (X%), Mauritius (X%) and South Africa (X%) displayed positive paces of growth. Mozambique experienced a relatively flat trend pattern. By contrast, Namibia (X%), Angola (X%) and Lesotho (X%) illustrated a downward trend over the same period. While the share of Tanzania (X p.p.), Madagascar (X p.p.) and Democratic Republic of the Congo (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Mozambique (X p.p.), Namibia (X p.p.), South Africa (X p.p.), Lesotho (X p.p.) and Angola (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest twine product importing markets in SADC were Tanzania ($X), South Africa ($X) and Madagascar ($X), together comprising X% of total imports.

Tanzania, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries 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 SADC stood at $X per ton in 2022, which is down by X% against the previous year. Over the period under review, the import price saw a noticeable downturn. The most prominent rate of growth was recorded in 2014 an increase of X%. Over the period under review, import prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

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 Mauritius ($X per ton), while Tanzania ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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