Israel: 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 Israel

The Israeli spindles and spindle flyer market fell remarkably to $X in 2022, waning by -77.5% against the previous year. Over the period under review, consumption recorded a sharp descent. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

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

In value terms, spindles and spindle flyer production rose notably to $X in 2022 estimated in export price. Overall, production recorded a significant expansion. The pace of growth was the most pronounced in 2013 when the production volume increased by 10,191,200%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

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

Exports from Israel

In 2022, the amount of spindles and spindle flyers, spinning ring and ring travellers exported from Israel skyrocketed to X kg, jumping by 314% on the previous year's figure. Overall, exports showed pronounced growth. The most prominent rate of growth was recorded in 2013 when exports increased by 588% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, spindles and spindle flyer exports soared to $X in 2022. In general, exports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 1,050%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X kg) was the main destination for spindles and spindle flyer exports from Israel, accounting for a 78% share of total exports. Moreover, spindles and spindle flyer exports to the United States exceeded the volume sent to the second major destination, Sri Lanka (X kg), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to +20.2%.

In value terms, the United States ($X) emerged as the key foreign market for spindles and spindle flyers, spinning ring and ring travellers exports from Israel, comprising 78% of total exports. The second position in the ranking was held by Sri Lanka ($X), with a 22% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +30.9%.

Export Prices by Country

In 2022, the average spindles and spindle flyer export price amounted to $X per ton, with a decrease of -7.4% against the previous year. Overall, the export price, however, showed a tangible expansion. The growth pace was the most rapid in 2013 an increase of 67% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Sri Lanka totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+48.9%), 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 Israel

In 2022, supplies from abroad of spindles and spindle flyers, spinning ring and ring travellers increased by 14% to X kg, rising for the second consecutive year after six years of decline. Overall, imports, however, recorded a drastic downturn. The growth pace was the most rapid in 2014 when imports increased by 44%. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, spindles and spindle flyer imports stood at $X in 2022. Over the period under review, imports, however, showed a deep downturn. The most prominent rate of growth was recorded in 2014 when imports increased by 78% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, the UK (X kg) constituted the largest supplier of spindles and spindle flyer to Israel, with a 78% share of total imports. Moreover, spindles and spindle flyer imports from the UK exceeded the figures recorded by the second-largest supplier, China (X kg), ninefold.

From 2012 to 2022, the average annual growth rate of volume from the UK amounted to +33.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+700.0% per year) and Germany (0.0% per year).

In value terms, the UK ($X) constituted the largest supplier of spindles and spindle flyers, spinning ring and ring travellers to Israel, comprising 70% of total imports. The second position in the ranking was taken by China ($X), with a 20% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the UK amounted to +27.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+3,673.6% per year) and Germany (-0.0% per year).

Import Prices by Country

In 2022, the average spindles and spindle flyer import price amounted to $X per ton, which is down by -2.9% against the previous year. Overall, the import price saw a slight contraction. The most prominent rate of growth was recorded in 2014 an increase of 23%. As a result, import price attained the peak level of $X per ton. From 2015 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 China ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+371.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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