India: 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 India

The Indian spindles and spindle flyer market soared to $X in 2022, growing by 104% against the previous year. Overall, consumption continues to indicate a buoyant expansion. Spindles and spindle flyer consumption peaked in 2022 and is expected to retain growth in years to come.

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

In value terms, spindles and spindle flyer production fell modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.6% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2015 with an increase of 6%. Over the period under review, production hit record highs at $X in 2019; afterwards, it flattened through to 2022.

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

Exports from India

In 2022, shipments abroad of spindles and spindle flyers, spinning ring and ring travellers increased by 26% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 54% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, spindles and spindle flyer exports soared to $X in 2022. Overall, total exports indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +4.6% 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 +121.6% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 87%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Spain (X tons), Germany (X tons) and China (X tons) were the main destinations of spindles and spindle flyer exports from India, together accounting for 45% of total exports. Bangladesh, the United Arab Emirates, Turkey, Italy and Indonesia lagged somewhat behind, together accounting for a further 40%.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +27.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Bangladesh ($X), China ($X) and Spain ($X) constituted the largest markets for spindles and spindle flyer exported from India worldwide, together accounting for 42% of total exports. Germany, Indonesia, Turkey, the United Arab Emirates and Italy lagged somewhat behind, together accounting for a further 30%.

The United Arab Emirates, with a CAGR of +52.4%, saw the highest growth rate of the value of exports, among 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

In 2022, the average spindles and spindle flyer export price amounted to $X per ton, falling by -6.1% against the previous year. Over the period under review, export price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +5.3% 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 +77.9% against 2014 indices. The growth pace was the most rapid in 2021 an increase of 21% against the previous year. As a result, the export price reached the peak level of $X per ton, and then shrank in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bangladesh ($X per ton), while the average price for exports to Germany ($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 United Arab Emirates (+19.3%), 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 India

In 2022, overseas purchases of spindles and spindle flyers, spinning ring and ring travellers increased by 290% to X tons, rising for the second consecutive year after four years of decline. In general, imports enjoyed a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, spindles and spindle flyer imports soared to $X in 2022. Overall, imports continue to indicate a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The Czech Republic (X tons), Germany (X tons) and China (X tons) were the main suppliers of spindles and spindle flyer imports to India, with a combined 95% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the Czech Republic (with a CAGR of +87.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Czech Republic ($X) and Switzerland ($X) constituted the largest spindles and spindle flyer suppliers to India, together comprising 88% of total imports.

The Czech Republic, with a CAGR of +69.7%, 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, falling by -28% against the previous year. Over the period under review, the import price showed a deep reduction. The growth pace was the most rapid in 2013 an increase of 38%. As a result, import price reached the peak level of $X per ton. From 2014 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 Switzerland ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+3.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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