Canada: 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 Canada

The Canadian spindles and spindle flyer market reached $X in 2022, leveling off at the previous year. In general, the total consumption indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +2.7% against 2020 indices. Spindles and spindle flyer consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

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

In value terms, spindles and spindle flyer production shrank slightly to $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the production volume increased by 33%. As a result, production attained the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

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

Exports from Canada

In 2022, shipments abroad of spindles and spindle flyers, spinning ring and ring travellers increased by 5.5% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, exports, however, faced a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of 1,109%. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, spindles and spindle flyer exports contracted slightly to $X in 2022. Overall, exports, however, saw a abrupt slump. The pace of growth was the most pronounced in 2021 with an increase of 1,164% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for spindles and spindle flyer exports from Canada, with a 84% share of total exports. Moreover, spindles and spindle flyer exports to the United States exceeded the volume sent to the second major destination, Italy (X kg), more than tenfold. The third position in this ranking was held by China (X kg), with a 4.6% share.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to +23.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-4.6% per year) and China (+17.2% per year).

In value terms, the United States ($X) remains the key foreign market for spindles and spindle flyers, spinning ring and ring travellers exports from Canada, comprising 84% of total exports. The second position in the ranking was held by Italy ($X), with a 4.8% share of total exports. It was followed by China, with a 4.6% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +21.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-7.3% per year) and China (+14.4% per year).

Export Prices by Country

The average spindles and spindle flyer export price stood at $X per ton in 2022, which is down by -5.7% against the previous year. Over the period under review, the export price saw a noticeable downturn. The most prominent rate of growth was recorded in 2015 an increase of 73% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Switzerland ($X per ton) and Italy ($X per ton), while the average price for exports to Burkina Faso ($X per ton) and China ($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 the UK (-0.0%), while the prices for the other major destinations experienced a decline.

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

Imports into Canada

In 2022, approx. X tons of spindles and spindle flyers, spinning ring and ring travellers were imported into Canada; picking up by 42% compared with 2021 figures. Overall, imports showed a resilient expansion. The growth pace was the most rapid in 2014 with an increase of 182%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, spindles and spindle flyer imports soared to $X in 2022. In general, imports posted a strong increase. The growth pace was the most rapid in 2014 when imports increased by 234% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, the United States (X tons) constituted the largest spindles and spindle flyer supplier to Canada, accounting for a 51% share of total imports. Moreover, spindles and spindle flyer imports from the United States exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. China (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2022, the average annual growth rate of volume from the United States totaled +3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+23.7% per year) and China (+105.4% per year).

In value terms, the United States ($X) constituted the largest supplier of spindles and spindle flyers, spinning ring and ring travellers to Canada, comprising 51% of total imports. The second position in the ranking was taken by Germany ($X), with a 19% share of total imports. It was followed by China, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled +6.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+27.4% per year) and China (+141.1% per year).

Import Prices by Country

The average spindles and spindle flyer import price stood at $X per ton in 2022, picking up by 65% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.0%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Switzerland ($X per ton) and Italy ($X per ton), while the price for Taiwan (Chinese) ($X per ton) and Japan ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+17.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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