Denmark: 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 Denmark

The Danish spindles and spindle flyer market surged to $X in 2022, picking up by 22% against the previous year. In general, consumption posted resilient growth. Spindles and spindle flyer consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, spindles and spindle flyer production totaled $X in 2022 estimated in export price. In general, production, however, saw a mild downturn. The most prominent rate of growth was recorded in 2018 when the production volume increased by 12%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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

Exports from Denmark

In 2022, spindles and spindle flyer exports from Denmark declined significantly to X kg, waning by -60.5% against the previous year. In general, exports continue to indicate a significant contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 8,933% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, spindles and spindle flyer exports contracted markedly to $X in 2022. Over the period under review, exports saw a abrupt decline. The pace of growth appeared the most rapid in 2021 when exports increased by 8,887%. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

China (X kg), the UK (X kg) and Brazil (X kg) were the main destinations of spindles and spindle flyer exports from Denmark, with a combined 99% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +2,000.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the key foreign market for spindles and spindle flyers, spinning ring and ring travellers exports from Denmark, comprising 64% of total exports. The second position in the ranking was held by the UK ($X), with a 30% share of total exports. It was followed by Brazil, with a 5.2% share.

From 2012 to 2022, the average annual growth rate of value to China totaled -2.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+9,848.1% per year) and Brazil (+10.2% per year).

Export Prices by Country

In 2022, the average spindles and spindle flyer export price amounted to $X per ton, increasing by 111% against the previous year. Over the period under review, the export price saw significant growth. The growth pace was the most rapid in 2014 when the average export price increased by 342%. Over the period under review, the average export prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Norway ($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 the UK (+373.7%), 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 Denmark

Spindles and spindle flyer imports into Denmark skyrocketed to X tons in 2022, surging by 25% on 2021 figures. In general, imports, however, showed a abrupt descent. The most prominent rate of growth was recorded in 2018 when imports increased by 1,490% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, spindles and spindle flyer imports skyrocketed to $X in 2022. Over the period under review, imports saw a buoyant expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 850%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

China (X kg), Taiwan (Chinese) (X kg) and South Korea (X kg) were the main suppliers of spindles and spindle flyer imports to Denmark, with a combined 74% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +1,087.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest spindles and spindle flyer suppliers to Denmark were Taiwan (Chinese) ($X), Norway ($X) and Japan ($X), with a combined 52% share of total imports. China, the United States, South Korea, India and Germany lagged somewhat behind, together comprising a further 19%.

South Korea, with a CAGR of +635.9%, recorded 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, rising by 41% against the previous year. In general, the import price recorded a resilient increase. The pace of growth was the most pronounced in 2017 when the average import price increased by 161% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+28.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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