China: Market for Spindles And Spindle Flyers, Spinning Ring And Ring Travellers 2025

Market Size for Spindles And Spindle Flyers, Spinning Ring And Ring Travellers in China

In 2022, the Chinese spindles and spindle flyer market increased by 2.7% to $X, rising for the third consecutive year after three years of decline. Overall, consumption, however, continues to indicate a deep setback. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

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

In value terms, spindles and spindle flyer production totaled $X in 2022 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the production volume increased by 19%. 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 China

Spindles and spindle flyer exports from China shrank to X tons in 2022, with a decrease of -11.1% on the previous year. In general, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when exports increased by 70%. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, spindles and spindle flyer exports rose notably to $X in 2022. The total export value increased at an average annual rate of +2.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2015 with an increase of 38% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in the near future.

Exports by Country

Pakistan (X tons), Bangladesh (X tons) and Vietnam (X tons) were the main destinations of spindles and spindle flyer exports from China, with a combined 53% share of total exports. Turkey, Indonesia, Germany and India lagged somewhat behind, together comprising a further 31%.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +26.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Pakistan ($X), Bangladesh ($X) and Vietnam ($X) were the largest markets for spindles and spindle flyer exported from China worldwide, with a combined 55% share of total exports. Germany, Indonesia, Turkey and India lagged somewhat behind, together comprising a further 29%.

Germany, with a CAGR of +23.0%, saw the highest rates of growth with regard to the value of exports, in terms of 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, rising by 23% against the previous year. Over the period under review, export price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, spindles and spindle flyer export price increased by +41.5% against 2019 indices. The pace of growth appeared the most rapid in 2015 an increase of 35%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to India ($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 (+6.8%), 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 China

In 2022, spindles and spindle flyer imports into China reduced dramatically to X tons, dropping by -15.2% on 2021. In general, imports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of 132%. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, spindles and spindle flyer imports reduced markedly to $X in 2022. Overall, imports continue to indicate a drastic downturn. The growth pace was the most rapid in 2021 when imports increased by 63%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Italy (X tons) constituted the largest supplier of spindles and spindle flyer to China, accounting for a 56% share of total imports. Moreover, spindles and spindle flyer imports from Italy exceeded the figures recorded by the second-largest supplier, India (X tons), sixfold. The third position in this ranking was taken by Germany (X tons), with a 7% share.

From 2012 to 2022, the average annual growth rate of volume from Italy totaled -14.1%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-8.0% per year) and Germany (+8.1% per year).

In value terms, the largest spindles and spindle flyer suppliers to China were Switzerland ($X), Italy ($X) and India ($X), with a combined 62% share of total imports. The United States, Japan, Germany and Slovakia lagged somewhat behind, together comprising a further 34%.

Among the main suppliers, Japan, with a CAGR of +16.7%, recorded 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, which is down by -12.7% against the previous year. Over the period under review, the import price, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2020 when the average import price increased by 94% against the previous year. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+14.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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