Benelux: 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 Benelux

In 2022, the Benelux spindles and spindle flyer market decreased by -11.8% to $X, falling for the second consecutive year after four years of growth. Overall, consumption, however, continues to indicate significant growth. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

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

In value terms, spindles and spindle flyer production surged to $X in 2022 estimated in export price. In general, production saw a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 651,945,600% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

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

Exports in Benelux

Spindles and spindle flyer exports contracted dramatically to X tons in 2022, waning by -47.1% on 2021. Overall, exports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2018 when exports increased by 255%. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, spindles and spindle flyer exports contracted sharply to $X in 2022. In general, exports, however, enjoyed a buoyant increase. The growth pace was the most rapid in 2016 when exports increased by 346%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands prevails in exports structure, reaching X tons, which was near 97% of total exports in 2022. Belgium (X kg) took a little share of total exports.

The Netherlands was also the fastest-growing in terms of the spindles and spindle flyers, spinning ring and ring travellers exports, with a CAGR of +11.0% from 2012 to 2022. At the same time, Belgium (+5.3%) displayed positive paces of growth. While the share of Belgium (-1.6 p.p.) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) remains the largest spindles and spindle flyer supplier in Benelux, comprising 94% of total exports. The second position in the ranking was held by Belgium ($X), with a 6% share of total exports.

In the Netherlands, spindles and spindle flyer exports increased at an average annual rate of +10.7% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Benelux amounted to $X per ton, increasing by 34% against the previous year. Over the period under review, the export price, however, showed a mild slump. The pace of growth appeared the most rapid in 2017 an increase of 108% against the previous year. The level of export 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 origin: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the Netherlands totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (-0.3%).

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

Imports in Benelux

In 2022, the amount of spindles and spindle flyers, spinning ring and ring travellers imported in Benelux fell remarkably to X tons, reducing by -75.9% on the previous year. Overall, imports, however, posted a significant increase. The pace of growth appeared the most rapid in 2014 with an increase of 2,329%. The volume of import peaked at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, spindles and spindle flyer imports shrank notably to $X in 2022. In general, imports, however, recorded prominent growth. The most prominent rate of growth was recorded in 2017 when imports increased by 589%. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Luxembourg was the key importing country with an import of around X tons, which recorded 66% of total imports. Belgium (X tons) ranks second in terms of the total imports with a 24% share, followed by the Netherlands (9.1%).

Luxembourg was also the fastest-growing in terms of the spindles and spindle flyers, spinning ring and ring travellers imports, with a CAGR of +31.1% from 2012 to 2022. At the same time, Belgium (+23.5%) displayed positive paces of growth. The Netherlands experienced a relatively flat trend pattern. Luxembourg (+38 p.p.) and Belgium (+5.8 p.p.) significantly strengthened its position in terms of the total imports, while the Netherlands saw its share reduced by -44.2% from 2012 to 2022, respectively.

In value terms, Belgium ($X) constitutes the largest market for imported spindles and spindle flyers, spinning ring and ring travellers in Benelux, comprising 73% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 22% share of total imports.

In Belgium, spindles and spindle flyer imports expanded at an average annual rate of +24.2% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: the Netherlands (+4.4% per year) and Luxembourg (+5.9% per year).

Import Prices by Country

In 2022, the import price in Benelux amounted to $X per ton, surging by 41% against the previous year. Overall, the import price, however, showed a perceptible contraction. The pace of growth appeared the most rapid in 2016 an increase of 5,552%. The level of import peaked at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

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 Belgium ($X per ton), while Luxembourg ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform