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Global exports of twine and ropes of polypropylene to rise

04
Jul '20
Pic: Shutterstock
Pic: Shutterstock
The global trade of twine, cordage, ropes, and cables (whether or not plaited or braided and whether or not impregnated, coated, covered or sheathed with rubber and plastics) of polyethylene or polypropylene has shown a fall in 2019. Total trade grew 5.26 per cent from $2,059.75 million in 2017 to $2,168.14 million in 2019, according to data from TexPro.
 
The total trade of twine, cordage, ropes, and cables of polyethylene or polypropylene has declined 2.50 per cent in 2019 over the previous year and is anticipated to surge to $2,341.67 million in 2022 with a rate of 8.00 per cent from 2019, according to Fibre2Fashion's market analysis tool TexPro.
 
The global export of twine, cordage, ropes, and cables of polyethylene or polypropylene was $1,159.26 million in 2017, which increased 5.80 per cent to $1,226.48 million in 2019. Total exports declined 0.94 per cent in 2019 over the previous year and is expected to move up to $1,334.69 million in 2022 with a rate of 8.82 per cent from 2019.
 
The global import value of twine, cordage, ropes, and cables of polyethylene or polypropylene was $900.49 million in 2017, which rose 4.57 per cent to $941.67 million in 2019. Total imports fell 4.46 per cent in 2019 over the previous year and is expected to grow to $1,006.98 million in 2022 with a rate of 6.94 per cent from 2019.
 
China ($272.15 million), Portugal ($180.25 million) and India ($77.71 million) were the key exporters of twine, cordage, ropes, and cables of polyethylene or polypropylene across the globe in 2019, together comprising 43.22 per cent of total export. These were followed by South Korea ($69.46 million), Vietnam ($55.29 million) and Poland ($50.35 million).
 
From 2016 to 2019, the most notable rate of growth in terms of export value, amongst the main exporting countries, was attained by India and Portugal.
 
The US ($134.73 million), UK ($63.61 million), France ($51.67 million) and Germany ($47.96 million) were the key importers of twine, cordage, ropes, and cables of polyethylene or polypropylene across the globe in 2019, together comprising 32.93 per cent of total import. These were followed by Australia ($34.62 million), Canada ($33.51 million) and the Netherlands ($33.10 million).
 
From 2016 to 2019, the most notable rate of growth in terms of export value, amongst the main importing countries, was attained by the US and Germany.

Fibre2Fashion News Desk (JL)


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