Italy: 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 Italy

In 2022, after two years of decline, there was significant growth in the Italian spindles and spindle flyer market, when its value increased by 13% to $X. Over the period under review, consumption recorded a noticeable decline. Spindles and spindle flyer consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

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

In value terms, spindles and spindle flyer production totaled $X in 2022 estimated in export price. Over the period under review, production, however, recorded a slight descent. The pace of growth appeared the most rapid in 2018 when the production volume increased by 52% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

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

Exports from Italy

In 2022, shipments abroad of spindles and spindle flyers, spinning ring and ring travellers increased by 27% to X tons, rising for the second year in a row after three years of decline. Overall, total exports indicated notable growth from 2012 to 2022: its volume increased at an average annual rate of +3.4% 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 +123.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 76%. The exports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, spindles and spindle flyer exports soared to $X in 2022. Over the period under review, total exports indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +2.6% 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 +98.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 65%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Switzerland (X tons) was the main destination for spindles and spindle flyer exports from Italy, accounting for a 58% share of total exports. Moreover, spindles and spindle flyer exports to Switzerland exceeded the volume sent to the second major destination, China (X tons), threefold. The third position in this ranking was held by the United States (X tons), with a 5.2% share.

From 2012 to 2022, the average annual growth rate of volume to Switzerland stood at +5.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+24.4% per year) and the United States (+7.4% per year).

In value terms, Switzerland ($X) remains the key foreign market for spindles and spindle flyers, spinning ring and ring travellers exports from Italy, comprising 62% of total exports. The second position in the ranking was taken by China ($X), with a 9.4% share of total exports. It was followed by the United States, with a 5.5% share.

From 2012 to 2022, the average annual growth rate of value to Switzerland totaled +5.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+28.4% per year) and the United States (+6.2% per year).

Export Prices by Country

The average spindles and spindle flyer export price stood at $X per ton in 2022, reducing by -5.3% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average export price increased by 17% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to China ($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 Taiwan (Chinese) (+5.6%), 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 Italy

In 2022, the amount of spindles and spindle flyers, spinning ring and ring travellers imported into Italy soared to X tons, with an increase of 24% against the year before. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 172%. Over the period under review, imports reached the peak figure at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, spindles and spindle flyer imports skyrocketed to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 59%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

India (X tons), Germany (X tons) and France (X tons) were the main suppliers of spindles and spindle flyer imports to Italy, together comprising 84% of total imports. Romania, China, Serbia, Switzerland and the Czech Republic lagged somewhat behind, together comprising a further 13%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +29.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest spindles and spindle flyer suppliers to Italy were Germany ($X), India ($X) and Romania ($X), together accounting for 77% of total imports. France, Switzerland, China, Serbia and the Czech Republic lagged somewhat behind, together accounting for a further 14%.

In terms of the main suppliers, China, with a CAGR of +22.7%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average spindles and spindle flyer import price stood at $X per ton in 2022, jumping by 28% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average import price increased by 48% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($X per ton), while the price for Serbia ($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 (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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