Eastern Asia: 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 Eastern Asia

In 2022, the East Asian spindles and spindle flyer market increased by 12% to $X, rising for the third year in a row after three years of decline. Overall, consumption, however, saw a abrupt slump. Over the period under review, the market hit record highs 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 Eastern Asia

In value terms, spindles and spindle flyer production shrank modestly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a mild descent. The most prominent rate of growth was recorded in 2015 when the production volume increased by 44%. Over the period under review, production reached the maximum level at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

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

Exports in Eastern Asia

Spindles and spindle flyer exports dropped to X tons in 2022, waning by -12.8% compared with the previous year. Over the period under review, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 39%. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, spindles and spindle flyer exports fell slightly to $X in 2022. The total export value increased at an average annual rate of +2.3% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 35%. As a result, the exports reached the peak of $X, and then fell slightly in the following year.

Exports by Country

In 2022, China (X tons) was the main exporter of spindles and spindle flyers, spinning ring and ring travellers, generating 79% of total exports. It was distantly followed by South Korea (X tons), achieving a 13% share of total exports. Japan (X tons), Hong Kong SAR (X tons) and Taiwan (Chinese) (X tons) followed a long way behind the leaders.

China experienced a relatively flat trend pattern with regard to volume of exports of spindles and spindle flyers, spinning ring and ring travellers. At the same time, South Korea (+16.6%), Taiwan (Chinese) (+8.3%) and Hong Kong SAR (+3.7%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +16.6% from 2012-2022. By contrast, Japan (-5.7%) illustrated a downward trend over the same period. South Korea (+10 p.p.) significantly strengthened its position in terms of the total exports, while Japan and China saw its share reduced by -3.9% and -7.6% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Japan ($X) and Hong Kong SAR ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined 90% share of total exports.

Hong Kong SAR, with a CAGR of +11.5%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, growing by 12% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2013 an increase of 16% against the previous year. The level of export peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+7.5%), while the other leaders experienced more modest paces of growth.

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

Imports in Eastern Asia

In 2022, the amount of spindles and spindle flyers, spinning ring and ring travellers imported in Eastern Asia dropped to X tons, waning by -12.1% on 2021 figures. In general, imports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2021 when imports increased by 105%. Over the period under review, imports hit record highs 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 dropped markedly to $X in 2022. Overall, imports recorded a perceptible reduction. The pace of growth was the most pronounced in 2021 with an increase of 55% against the previous year. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

China was the largest importing country with an import of around X tons, which resulted at 71% of total imports. Japan (X tons) held the second position in the ranking, distantly followed by Taiwan (Chinese) (X tons) and Hong Kong SAR (X tons). All these countries together held approx. 27% share of total imports. South Korea (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to spindles and spindle flyer imports into China stood at -10.2%. At the same time, Japan (+2.2%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +2.2% from 2012-2022. By contrast, Hong Kong SAR (-3.0%), Taiwan (Chinese) (-7.8%) and South Korea (-13.1%) illustrated a downward trend over the same period. Japan (+11 p.p.) and Hong Kong SAR (+2.5 p.p.) significantly strengthened its position in terms of the total imports, while China saw its share reduced by -12.5% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported spindles and spindle flyers, spinning ring and ring travellers in Eastern Asia, comprising 69% of total imports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 12% share of total imports. It was followed by Japan, with a 10% share.

From 2012 to 2022, the average annual growth rate of value in China stood at -5.0%. The remaining importing countries recorded the following average annual rates of imports growth: Hong Kong SAR (+4.7% per year) and Japan (-1.1% per year).

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, declining by -10.1% against the previous year. Import price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +4.7% 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 import price decreased by -31.9% against 2020 indices. The growth pace was the most rapid in 2020 an increase of 64%. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Hong Kong SAR ($X per ton), while Japan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+8.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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