Ireland: 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 Ireland

The Irish spindles and spindle flyer market dropped remarkably to $X in 2022, reducing by -99.8% against the previous year. In general, consumption recorded a abrupt downturn. As a result, consumption reached the peak level of $X, and then dropped notably in the following year.

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

In value terms, spindles and spindle flyer production totaled $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with a decrease of 99.9%. Spindles and spindle flyer production peaked in 2022 and is likely to see gradual growth in the immediate term.

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

Exports from Ireland

Spindles and spindle flyer exports from Ireland shrank sharply to X kg in 2022, which is down by -89.1% on 2021 figures. Overall, exports, however, posted a significant expansion. The exports peaked at X tons in 2021, and then plummeted in the following year.

In value terms, spindles and spindle flyer exports declined notably to $X in 2022. In general, exports, however, showed a significant expansion. The growth pace was the most rapid in 2015 with an increase of 87% against the previous year. The exports peaked at $X in 2021, and then contracted rapidly in the following year.

Exports by Country

The UK (X kg) was the main destination for spindles and spindle flyer exports from Ireland, with a 75% share of total exports. Moreover, spindles and spindle flyer exports to the UK exceeded the volume sent to the second major destination, the United States (X kg), ninefold. Canada (X kg) ranked third in terms of total exports with a 5.1% share.

From 2014 to 2022, the average annual growth rate of volume to the UK was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+61.8% per year) and Canada (0.0% per year).

In value terms, the UK ($X) emerged as the key foreign market for spindles and spindle flyers, spinning ring and ring travellers exports from Ireland, comprising 76% of total exports. The second position in the ranking was held by the United States ($X), with a 12% share of total exports. It was followed by Canada, with a 4.8% share.

From 2014 to 2022, the average annual rate of growth in terms of value to the UK was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+46.5% per year) and Canada (0.0% per year).

Export Prices by Country

In 2022, the average spindles and spindle flyer export price amounted to $X per ton, increasing by 8.8% against the previous year. In general, the export price continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2015 when the average export price increased by 87% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Canada ($X per ton) was amongst the lowest.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-9.4%).

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

Imports into Ireland

In 2022, overseas purchases of spindles and spindle flyers, spinning ring and ring travellers decreased by 0% to X kg, falling for the third consecutive year after two years of growth. In general, imports posted a temperate increase. The pace of growth appeared the most rapid in 2018 with an increase of 180% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

In value terms, spindles and spindle flyer imports stood at $X in 2022. Overall, imports continue to indicate a mild reduction. The pace of growth appeared the most rapid in 2018 when imports increased by 175%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

The United States (X kg), the UK (X kg) and Singapore (X kg) were the main suppliers of spindles and spindle flyer imports to Ireland, with a combined 95% 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 the UK (with a CAGR of +41.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest spindles and spindle flyer suppliers to Ireland were the United States ($X), the UK ($X) and Singapore ($X), together comprising 93% of total imports.

The UK, with a CAGR of +34.3%, recorded the highest rates of growth with regard to 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, almost unchanged from the previous year. In general, the import price continues to indicate a deep downturn. The pace of growth appeared the most rapid in 2013 when the average import price increased by 139%. As a result, import price attained 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 Japan ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (-2.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :