Australia and Oceania: 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 Australia and Oceania

In 2022, the spindles and spindle flyer market in Australia and Oceania decreased by -17.3% to $X, falling for the eighth consecutive year after three years of growth. In general, consumption, however, recorded a drastic downturn. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Production of Spindles And Spindle Flyers, Spinning Ring And Ring Travellers in Australia and Oceania

In value terms, spindles and spindle flyer production reached $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the production volume increased by 3.5%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

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

Exports in Australia and Oceania

In 2022, the amount of spindles and spindle flyers, spinning ring and ring travellers exported in Australia and Oceania skyrocketed to X tons, growing by 97% against the year before. In general, exports posted significant growth. The growth pace was the most rapid in 2020 when exports increased by 109% against the previous year. The volume of export peaked in 2022 and is likely to continue growth in the immediate term.

In value terms, spindles and spindle flyer exports surged to $X in 2022. Over the period under review, exports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2017 when exports increased by 110% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Australia dominates exports structure, finishing at X tons, which was near 96% of total exports in 2022. New Zealand (X kg) took a little share of total exports.

Australia was also the fastest-growing in terms of the spindles and spindle flyers, spinning ring and ring travellers exports, with a CAGR of +21.3% from 2012 to 2022. At the same time, New Zealand (+8.5%) displayed positive paces of growth. While the share of Australia (+6.6 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of New Zealand (-6.6 p.p.) displayed negative dynamics.

In value terms, Australia ($X) remains the largest spindles and spindle flyer supplier in Australia and Oceania, comprising 96% of total exports. The second position in the ranking was held by New Zealand ($X), with a 3.6% share of total exports.

In Australia, spindles and spindle flyer exports expanded at an average annual rate of +13.9% over the period from 2012-2022.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, which is down by -10.3% against the previous year. Over the period under review, the export price continues to indicate a deep downturn. The pace of growth was the most pronounced in 2017 when the export price increased by 59%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per ton), while New Zealand totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (-6.1%).

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

Imports in Australia and Oceania

Spindles and spindle flyer imports soared to X tons in 2022, increasing by 66% on the previous year's figure. Overall, imports showed a relatively flat trend pattern. Over the period under review, imports attained the maximum at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, spindles and spindle flyer imports skyrocketed to $X in 2022. In general, imports, however, saw a slight downturn. The growth pace was the most rapid in 2014 with an increase of 91%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

New Zealand represented the largest importing country with an import of around X tons, which resulted at 77% of total imports. It was distantly followed by Australia (X tons), mixing up an 18% share of total imports. Palau (X kg) held a relatively small share of total imports.

New Zealand was also the fastest-growing in terms of the spindles and spindle flyers, spinning ring and ring travellers imports, with a CAGR of +14.0% from 2012 to 2022. At the same time, Palau (+8.0%) displayed positive paces of growth. By contrast, Australia (-5.5%) illustrated a downward trend over the same period. While the share of New Zealand (+56 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Australia (-13.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, New Zealand ($X) constitutes the largest market for imported spindles and spindle flyers, spinning ring and ring travellers in Australia and Oceania, comprising 60% of total imports. The second position in the ranking was held by Australia ($X), with a 21% share of total imports.

From 2012 to 2022, the average annual growth rate of value in New Zealand stood at +7.1%. The remaining importing countries recorded the following average annual rates of imports growth: Australia (-0.8% per year) and Palau (+0.8% per year).

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, falling by -14% against the previous year. Over the period under review, the import price recorded a slight setback. The pace of growth was the most pronounced in 2014 when the import price increased by 52% against the previous year. The level of import peaked at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Australia ($X per ton), while Palau ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+5.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :