Australia: 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

The Australian spindles and spindle flyer market dropped notably to $X in 2022, declining by -29.7% against the previous year. Over the period under review, consumption recorded a abrupt decline. Spindles and spindle flyer consumption peaked 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

In value terms, spindles and spindle flyer production totaled $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the production volume increased by 3.8% against the previous year. Spindles and spindle flyer production peaked at $X in 2020; afterwards, it flattened through to 2022.

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

Exports from Australia

In 2022, spindles and spindle flyer exports from Australia surged to X tons, increasing by 101% on the previous year's figure. Over the period under review, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 132% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, spindles and spindle flyer exports skyrocketed to $X in 2022. In general, exports enjoyed a resilient increase. The growth pace was the most rapid in 2017 with an increase of 209%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for spindles and spindle flyer exports from Australia, accounting for a 74% share of total exports. Moreover, spindles and spindle flyer exports to the United States exceeded the volume sent to the second major destination, New Zealand (X tons), fourfold. China (X kg) ranked third in terms of total exports with a 3.4% share.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to +148.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Zealand (+62.0% per year) and China (+7.9% per year).

In value terms, the United States ($X) remains the key foreign market for spindles and spindle flyers, spinning ring and ring travellers exports from Australia, comprising 74% of total exports. The second position in the ranking was taken by New Zealand ($X), with a 17% share of total exports. It was followed by China, with a 3.4% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +131.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Zealand (+52.5% per year) and China (-8.2% per year).

Export Prices by Country

The average spindles and spindle flyer export price stood at $X per ton in 2022, with a decrease of -10.5% against the previous year. Over the period under review, the export price showed a abrupt curtailment. The growth pace was the most rapid in 2017 an increase of 47% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Indonesia ($X per ton) and the United States ($X per ton), while the average price for exports to Germany ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+5.7%), while the prices for the other major destinations experienced mixed trend patterns.

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

Imports into Australia

In 2022, the amount of spindles and spindle flyers, spinning ring and ring travellers imported into Australia surged to X tons, picking up by 24% on 2021. Overall, imports, however, continue to indicate a abrupt setback. The pace of growth appeared the most rapid in 2016 with an increase of 417%. Over the period under review, imports reached the peak figure 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 surged to $X in 2022. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by 211% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The UK (X kg), Taiwan (Chinese) (X kg) and Germany (X kg) were the main suppliers of spindles and spindle flyer imports to Australia, with a combined 69% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of +43.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X), the UK ($X) and Germany ($X) appeared to be the largest spindles and spindle flyer suppliers to Australia, together comprising 54% of total imports.

The UK, with a CAGR of +35.4%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average spindles and spindle flyer import price amounted to $X per ton, dropping by -5.1% against the previous year. In general, the import price, however, recorded a prominent expansion. The pace of growth appeared the most rapid in 2014 when the average import price increased by 71% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a 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 Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+28.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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