Finland: 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 Finland

The Finnish spindles and spindle flyer market dropped dramatically to $X in 2022, which is down by -95.1% 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). Over the period under review, consumption recorded a sharp reduction. Spindles and spindle flyer consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

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

Exports from Finland

In 2022, overseas shipments of spindles and spindle flyers, spinning ring and ring travellers decreased by 0% to X kg, falling for the second consecutive year after two years of decline. Over the period under review, exports recorded a precipitous setback. The pace of growth was the most pronounced in 2015 with an increase of 75%. Over the period under review, the exports reached the maximum at X kg in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, spindles and spindle flyer exports amounted to $X in 2022. Overall, exports continue to indicate a significant curtailment. The smallest decline of -1% was in 2015. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X kg) was the main destination for spindles and spindle flyer exports from Finland, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the UK was relatively modest.

From 2012 to 2022, the average annual rate of growth in terms of value to the UK was relatively modest.

Export Prices by Country

In 2022, the average spindles and spindle flyer export price amounted to $X per ton, remaining stable against the previous year. Over the period under review, the export price saw a resilient expansion. The growth pace was the most rapid in 2014 when the average export price increased by 25%. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the near future.

As there is only one major export destination, the average price level is determined by prices for the UK.

From 2012 to 2022, the rate of growth in terms of prices for Norway amounted to +8.4% per year.

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

Imports into Finland

Spindles and spindle flyer imports into Finland dropped markedly to X kg in 2022, declining by -96.6% against the year before. In general, imports continue to indicate a sharp decrease. The growth pace was the most rapid in 2021 when imports increased by 9,317%. Over the period under review, imports reached the maximum at X kg in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, spindles and spindle flyer imports reduced markedly to $X in 2022. Overall, imports continue to indicate a precipitous shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 3,605% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Norway (X kg) constituted the largest supplier of spindles and spindle flyer to Finland, with a 74% share of total imports. Moreover, spindles and spindle flyer imports from Norway exceeded the figures recorded by the second-largest supplier, the United States (X kg), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Norway stood at -34.2%.

In value terms, Norway ($X) constituted the largest supplier of spindles and spindle flyers, spinning ring and ring travellers to Finland, comprising 73% of total imports. The second position in the ranking was taken by the United States ($X), with a 27% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Norway amounted to -26.7%.

Import Prices by Country

In 2022, the average spindles and spindle flyer import price amounted to $X per ton, picking up by 198% against the previous year. In general, the import price posted a resilient increase. The growth pace was the most rapid in 2018 an increase of 218% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Norway amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+11.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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