Argentina: Market for Spindles And Spindle Flyers, Spinning Ring And Ring Travellers 2024

Market Size for Spindles And Spindle Flyers, Spinning Ring And Ring Travellers in Argentina

In 2022, the Argentinian spindles and spindle flyer market increased by 12% to $X, rising for the third consecutive year after two years of decline. Overall, consumption recorded a mild curtailment. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Exports of Spindles And Spindle Flyers, Spinning Ring And Ring Travellers

Exports from Argentina

In 2022, spindles and spindle flyer exports from Argentina plummeted to X kg, with a decrease of -40.9% compared with 2021 figures. In general, exports, however, enjoyed significant growth. The growth pace was the most rapid in 2021 with an increase of 633% against the previous year. As a result, the exports reached the peak of X kg, and then fell significantly in the following year.

In value terms, spindles and spindle flyer exports reduced markedly to $X in 2022. Over the period under review, exports, however, posted buoyant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 682% against the previous year. As a result, the exports attained the peak of $X, and then shrank significantly in the following year.

Exports by Country

The United States (X kg) was the main destination for spindles and spindle flyer exports from Argentina, accounting for a 85% share of total exports. Moreover, spindles and spindle flyer exports to the United States exceeded the volume sent to the second major destination, Bolivia (X kg), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (0.0% per year) and Spain (0.0% per year).

In value terms, the United States ($X) emerged as the key foreign market for spindles and spindle flyers, spinning ring and ring travellers exports from Argentina, comprising 93% of total exports. The second position in the ranking was held by Spain ($X), with a 6.9% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (0.0% per year) and Bolivia (-27.8% per year).

Export Prices by Country

In 2022, the average spindles and spindle flyer export price amounted to $X per ton, waning by -4% against the previous year. Overall, the export price showed a deep setback. The growth pace was the most rapid in 2014 an increase of 75% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Bolivia ($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 Bolivia (-27.8%).

Imports of Spindles And Spindle Flyers, Spinning Ring And Ring Travellers

Imports into Argentina

After two years of growth, supplies from abroad of spindles and spindle flyers, spinning ring and ring travellers decreased by -11.6% to X tons in 2022. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 136% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, spindles and spindle flyer imports surged to $X in 2022. In general, imports recorded a slight setback. The most prominent rate of growth was recorded in 2020 with an increase of 69% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Italy (X tons) constituted the largest supplier of spindles and spindle flyer to Argentina, with a 53% share of total imports. Moreover, spindles and spindle flyer imports from Italy exceeded the figures recorded by the second-largest supplier, Switzerland (X kg), twofold. Germany (X kg) ranked third in terms of total imports with a 15% share.

From 2012 to 2022, the average annual growth rate of volume from Italy amounted to +11.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+4.6% per year) and Germany (-9.9% per year).

In value terms, Switzerland ($X) constituted the largest supplier of spindles and spindle flyers, spinning ring and ring travellers to Argentina, comprising 73% of total imports. The second position in the ranking was taken by Italy ($X), with a 14% share of total imports. It was followed by Germany, with a 5.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Switzerland totaled +2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+3.8% per year) and Germany (-17.9% per year).

Import Prices by Country

The average spindles and spindle flyer import price stood at $X per ton in 2022, surging by 40% against the previous year. Over the period under review, the import price, however, saw a slight curtailment. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

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 Switzerland ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+11.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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