Chile: 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 Chile

The Chilean spindles and spindle flyer market reduced markedly to $X in 2022, declining by -40.4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate a abrupt descent. Spindles and spindle flyer consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

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

Exports from Chile

In 2019, exports of spindles and spindle flyers, spinning ring and ring travellers from Chile reduced notably to X kg, falling by -55.6% against 2018. In general, exports faced a abrupt curtailment. The pace of growth appeared the most rapid in 2016 when exports increased by 573% against the previous year. As a result, the exports attained the peak of X kg. From 2017 to 2019, the growth of the exports remained at a somewhat lower figure.

In value terms, spindles and spindle flyer exports contracted significantly to $X in 2019. Overall, exports continue to indicate a abrupt decline. The pace of growth was the most pronounced in 2016 when exports increased by 918%. As a result, the exports reached the peak of $X. From 2017 to 2019, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Zambia (X kg) was the main destination for spindles and spindle flyer exports from Chile, with a 75% share of total exports. Moreover, spindles and spindle flyer exports to Zambia exceeded the volume sent to the second major destination, Bolivia (X kg), sixfold.

From 2014 to 2019, the average annual rate of growth in terms of volume to Zambia amounted to -14.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (0.0% per year) and Paraguay (0.0% per year).

In value terms, Zambia ($X) remains the key foreign market for spindles and spindle flyers, spinning ring and ring travellers exports from Chile, comprising 92% of total exports. The second position in the ranking was held by Bolivia ($X), with a 7% share of total exports.

From 2014 to 2019, the average annual rate of growth in terms of value to Zambia totaled -8.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (+10.4% per year) and Paraguay (+51.6% per year).

Export Prices by Country

The average spindles and spindle flyer export price stood at $X per ton in 2019, with an increase of 23% against the previous year. Overall, the export price showed a prominent expansion. The pace of growth was the most pronounced in 2018 an increase of 107%. Over the period under review, the average export prices hit record highs at $X per ton in 2016; however, from 2017 to 2019, 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 Zambia ($X per ton), while the average price for exports to Paraguay ($X per ton) was amongst the lowest.

From 2014 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Paraguay (+51.6%), 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 Chile

Spindles and spindle flyer imports into Chile reduced remarkably to X kg in 2022, waning by -34.9% against the year before. Overall, imports recorded a abrupt downturn. The pace of growth appeared the most rapid in 2019 with an increase of 146% against the previous year. As a result, imports reached the peak of X kg. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, spindles and spindle flyer imports shrank markedly to $X in 2022. In general, imports faced a abrupt curtailment. The pace of growth was the most pronounced in 2021 when imports increased by 279%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X kg) constituted the largest supplier of spindles and spindle flyer to Chile, with a 88% share of total imports. Moreover, spindles and spindle flyer imports from China exceeded the figures recorded by the second-largest supplier, the United States (X kg), more than tenfold. Spain (X kg) ranked third in terms of total imports with a 2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at -3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+12.8% per year) and Spain (+11.6% per year).

In value terms, China ($X), the United States ($X) and Spain ($X) were the largest spindles and spindle flyer suppliers to Chile, with a combined 96% share of total imports.

In terms of the main suppliers, China, with a CAGR of +4.3%, saw the highest rates of growth with regard to the value of imports, 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, falling by -21% against the previous year. Overall, the import price saw a pronounced slump. The pace of growth was the most pronounced in 2013 an increase of 86% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :