ASEAN: Market for Spindles And Spindle Flyers, Spinning Ring And Ring Travellers 2025

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

In 2022, the ASEAN spindles and spindle flyer market decreased by -30.1% to $X, falling for the fourth consecutive year after four years of growth. In general, consumption continues to indicate a abrupt descent. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Spindles And Spindle Flyers, Spinning Ring And Ring Travellers in ASEAN

In value terms, spindles and spindle flyer production reduced modestly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 111% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

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

Exports in ASEAN

In 2022, spindles and spindle flyer exports in ASEAN shrank to X tons, dropping by -7.1% on the year before. Overall, exports recorded a pronounced reduction. The most prominent rate of growth was recorded in 2015 with an increase of 105% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, spindles and spindle flyer exports reduced dramatically to $X in 2022. Over the period under review, exports recorded a noticeable reduction. The pace of growth appeared the most rapid in 2015 with an increase of 74% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Singapore represented the major exporting country with an export of about X tons, which amounted to 59% of total exports. It was distantly followed by Thailand (X tons), comprising a 32% share of total exports. Indonesia (X kg) and Malaysia (X kg) took a little share of total exports.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of +1.7%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, Singapore ($X) remains the largest spindles and spindle flyer supplier in ASEAN, comprising 80% of total exports. The second position in the ranking was held by Indonesia ($X), with a 7.8% share of total exports. It was followed by Thailand, with a 6% share.

From 2012 to 2022, the average annual growth rate of value in Singapore totaled -2.5%. In the other countries, the average annual rates were as follows: Indonesia (+8.6% per year) and Thailand (-5.6% per year).

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per ton, shrinking by -8.8% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The pace of growth was the most pronounced in 2021 when the export price increased by 33%. As a result, the export price reached the peak level of $X per ton, and then declined in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+19.4%), while the other leaders experienced mixed trends in the export price figures.

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

Imports in ASEAN

For the fifth year in a row, ASEAN recorded decline in purchases abroad of spindles and spindle flyers, spinning ring and ring travellers, which decreased by -32.4% to X tons in 2022. Overall, imports saw a drastic downturn. The most prominent rate of growth was recorded in 2017 with an increase of 44%. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, spindles and spindle flyer imports dropped to $X in 2022. In general, imports showed a pronounced curtailment. The pace of growth was the most pronounced in 2016 with an increase of 15%. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

Vietnam (X tons) and Indonesia (X tons) represented roughly 56% of total imports in 2022. Malaysia (X tons) took a 16% share (based on physical terms) of total imports, which put it in second place, followed by Thailand (16%) and the Philippines (9%). Singapore (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of +9.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Malaysia ($X) and Indonesia ($X) constituted the countries with the highest levels of imports in 2022, with a combined 81% share of total imports.

Malaysia, with a CAGR of +13.1%, 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 ASEAN stood at $X per ton in 2022, growing by 26% against the previous year. Import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, spindles and spindle flyer import price increased by +78.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 41% against the previous year. Over the period under review, import prices attained the maximum in 2022 and is expected to retain growth in the near future.

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 Singapore ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+12.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform