EU: 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 the EU

In 2022, the EU spindles and spindle flyer market decreased by -4.8% to $X, falling for the second year in a row after three years of growth. Over the period under review, consumption saw a noticeable curtailment. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Production of Spindles And Spindle Flyers, Spinning Ring And Ring Travellers in the EU

In value terms, spindles and spindle flyer production rose sharply to $X in 2022 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by 16% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

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

Exports in the EU

In 2022, overseas shipments of spindles and spindle flyers, spinning ring and ring travellers increased by 9.7% to X tons, rising for the second year in a row after three years of decline. Total exports indicated a pronounced expansion from 2012 to 2022: its volume increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +89.6% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 73%. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, spindles and spindle flyer exports amounted to $X in 2022. Total exports indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +92.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 72% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

The Czech Republic represented the major exporting country with an export of around X tons, which accounted for 65% of total exports. Germany (X tons) held the second position in the ranking, distantly followed by Italy (X tons). All these countries together held near 28% share of total exports. France (X tons) and Romania (X tons) followed a long way behind the leaders.

The Czech Republic was also the fastest-growing in terms of the spindles and spindle flyers, spinning ring and ring travellers exports, with a CAGR of +6.8% from 2012 to 2022. At the same time, Italy (+3.4%) and Romania (+2.4%) displayed positive paces of growth. Germany experienced a relatively flat trend pattern. By contrast, France (-1.6%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Czech Republic increased by +13 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest spindles and spindle flyer supplying countries in the European Union were the Czech Republic ($X), Germany ($X) and Italy ($X), with a combined 84% share of total exports.

In terms of the main exporting countries, the Czech Republic, with a CAGR of +5.9%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the European Union stood at $X per ton in 2022, rising by 2% against the previous year. In general, the export price, however, continues to indicate a slight decline. The most prominent rate of growth was recorded in 2018 an increase of 13% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+0.6%), while the other leaders experienced a decline in the export price figures.

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

Imports in the EU

In 2022, overseas purchases of spindles and spindle flyers, spinning ring and ring travellers increased by 13% to X tons, rising for the second consecutive year after three years of decline. Overall, imports continue to indicate a moderate expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 72% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, spindles and spindle flyer imports surged to $X in 2022. In general, imports showed a slight expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 75%. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Germany (X tons) was the largest importer of spindles and spindle flyers, spinning ring and ring travellers, mixing up 39% of total imports. Italy (X tons) took a 14% share (based on physical terms) of total imports, which put it in second place, followed by the Czech Republic (11%), Spain (10%), Romania (8.9%) and France (6.5%). Luxembourg (X tons) and Poland (X tons) followed a long way behind the leaders.

Imports into Germany increased at an average annual rate of +5.9% from 2012 to 2022. At the same time, Luxembourg (+31.1%), Spain (+9.1%), Romania (+4.1%) and the Czech Republic (+4.1%) displayed positive paces of growth. Moreover, Luxembourg emerged as the fastest-growing importer imported in the European Union, with a CAGR of +31.1% from 2012-2022. Italy experienced a relatively flat trend pattern. By contrast, France (-1.8%) and Poland (-2.2%) illustrated a downward trend over the same period. While the share of Germany (+6.1 p.p.), Spain (+3.9 p.p.) and Luxembourg (+2.3 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of France (-5.1 p.p.) and Italy (-5.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) constitutes the largest market for imported spindles and spindle flyers, spinning ring and ring travellers in the European Union, comprising 37% of total imports. The second position in the ranking was taken by France ($X), with a 15% share of total imports. It was followed by Romania, with a 14% share.

In Germany, spindles and spindle flyer imports expanded at an average annual rate of +2.5% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: France (-4.7% per year) and Romania (+2.7% per year).

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per ton, growing by 4.2% against the previous year. Overall, the import price, however, showed a noticeable curtailment. The growth pace was the most rapid in 2016 an increase of 77%. Over the period under review, import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was France ($X per ton), while Luxembourg ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+5.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :