Brazil: 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 Brazil

In 2022, the Brazilian spindles and spindle flyer market increased by 85% to $X, rising for the third consecutive year after two years of decline. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

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

Exports from Brazil

In 2022, the amount of spindles and spindle flyers, spinning ring and ring travellers exported from Brazil reduced sharply to X kg, waning by -54.5% compared with the previous year's figure. In general, exports, however, showed a remarkable increase. The pace of growth was the most pronounced in 2015 with an increase of 9,900%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, spindles and spindle flyer exports dropped rapidly to $X in 2022. Overall, exports, however, enjoyed a moderate increase. The most prominent rate of growth was recorded in 2015 when exports increased by 8,676% against the previous year. 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

Bolivia (X kg) was the main destination for spindles and spindle flyer exports from Brazil, with a 64% share of total exports. Moreover, spindles and spindle flyer exports to Bolivia exceeded the volume sent to the second major destination, Paraguay (X kg), twofold.

From 2012 to 2022, the average annual growth rate of volume to Bolivia amounted to +2.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (+9.7% per year) and Italy (+100.0% per year).

In value terms, the largest markets for spindles and spindle flyer exported from Brazil were Paraguay ($X), Bolivia ($X) and Italy ($X).

In terms of the main countries of destination, Italy, with a CAGR of +168.4%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average spindles and spindle flyer export price amounted to $X per ton, declining by -3.8% against the previous year. Overall, the export price continues to indicate a noticeable setback. The pace of growth appeared the most rapid in 2017 an increase of 117% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Bolivia ($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 France (+117.9%), 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 Brazil

In 2022, purchases abroad of spindles and spindle flyers, spinning ring and ring travellers increased by 103% to X tons, rising for the second consecutive year after two years of decline. Overall, imports recorded a mild expansion. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, spindles and spindle flyer imports soared to $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

China (X tons), the United States (X tons) and Germany (X tons) were the main suppliers of spindles and spindle flyer imports to Brazil, together comprising 79% of total imports. Switzerland, Italy, Japan and India lagged somewhat behind, together accounting for a further 18%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +14.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest spindles and spindle flyer suppliers to Brazil were the United States ($X), Switzerland ($X) and Germany ($X), together accounting for 72% of total imports. China, Japan, Italy and India lagged somewhat behind, together accounting for a further 23%.

India, with a CAGR of +12.8%, saw the highest growth rate of the value of imports, among 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, which is down by -19.5% against the previous year. Over the period under review, the import price showed a slight decline. The most prominent rate of growth was recorded in 2016 an increase of 16% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices stood 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 ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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