Belgium: 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 Belgium

The Belgian spindles and spindle flyer market soared to $X in 2022, jumping by 82% against the previous year. In general, consumption continues to indicate buoyant growth. Over the period under review, the market hit record highs in 2022 and is likely to see gradual growth in the immediate term.

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

In value terms, spindles and spindle flyer production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production continues to indicate significant growth. The growth pace was the most rapid in 2020 with an increase of 29,537,700% against the previous year. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

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

Exports from Belgium

After four years of decline, overseas shipments of spindles and spindle flyers, spinning ring and ring travellers increased by 258% to X kg in 2022. Over the period under review, exports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2013 with an increase of 350% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, spindles and spindle flyer exports soared to $X in 2022. Overall, exports, however, saw a pronounced slump. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Democratic Republic of the Congo (X kg), Malaysia (X kg) and Egypt (X kg) were the main destinations of spindles and spindle flyer exports from Belgium, together comprising 63% of total exports.

From 2012 to 2022, the biggest increases were recorded for Democratic Republic of the Congo (with a CAGR of +218.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Egypt ($X), Malaysia ($X) and Democratic Republic of the Congo ($X) were the largest markets for spindles and spindle flyer exported from Belgium worldwide, together comprising 52% of total exports.

Democratic Republic of the Congo, with a CAGR of +293.4%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average spindles and spindle flyer export price stood at $X per ton in 2022, increasing by 79% against the previous year. Overall, the export price, however, recorded a abrupt contraction. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Egypt ($X per ton), while the average price for exports to the UK ($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 Turkey (+29.3%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Belgium

In 2022, approx. X tons of spindles and spindle flyers, spinning ring and ring travellers were imported into Belgium; rising by 92% on 2021 figures. Over the period under review, imports posted significant growth. The most prominent rate of growth was recorded in 2018 when imports increased by 368% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, spindles and spindle flyer imports surged to $X in 2022. In general, imports showed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 470%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest spindles and spindle flyer supplier to Belgium, with a 67% share of total imports. Moreover, spindles and spindle flyer imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The United States (X kg) ranked third in terms of total imports with a 5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands amounted to +135.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+48.9% per year) and the United States (+82.0% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of spindles and spindle flyers, spinning ring and ring travellers to Belgium, comprising 61% of total imports. The second position in the ranking was taken by Germany ($X), with a 28% share of total imports. It was followed by Switzerland, with a 3.1% share.

From 2012 to 2022, the average annual growth rate of value from the Netherlands stood at +146.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+46.6% per year) and Switzerland (+76.9% per year).

Import Prices by Country

In 2022, the average spindles and spindle flyer import price amounted to $X per ton, dropping by -7% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of 114%. As a result, import price attained the peak level of $X per ton. From 2016 to 2022, the average import prices remained 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 ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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