Twine Product Market in Northern America
In value terms, twine product production shrank to $ in estimated in export price. In general, production enjoyed a prominent increase. The most prominent rate of growth was recorded in 2019 with an increase of % against the previous year. The level of production peaked at $ in , and then shrank slightly in the following year.
The country with the largest volume of twine product production was Canada ( tons), comprising approx. % of total volume. Moreover, twine product production in Canada exceeded the figures recorded by the second-largest producer, the United States ( tons), threefold.
From 2007 to , the average annual rate of growth in terms of volume in Canada totaled +%.
The value of the twine product market in Northern America surged to $ in , picking up by % 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 total consumption indicated a temperate increase from 2007 to : its value increased at an average annual rate of +% over the last fourteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against 2018 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.
In the United States, twine product consumption expanded at an average annual rate of +% over the period from 2007-.
In value terms, the United States ($) led the market, alone. The second position in the ranking was held by Canada ($).
In the United States, the twine product market increased at an average annual rate of +% over the period from 2007-.
The countries with the highest levels of twine product per capita consumption in were Canada ( kg per persons) and the United States ( kg per persons).
From 2007 to , the biggest increases were in Canada (with a CAGR of +%).