Japan: 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 Japan

The Japanese spindles and spindle flyer market skyrocketed to $X in 2022, growing by 122% against the previous year. Over the period under review, consumption recorded strong growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

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

In value terms, spindles and spindle flyer production declined to $X in 2022 estimated in export price. Over the period under review, production, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2021 when the production volume increased by 15%. Over the period under review, production attained the maximum level at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

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

Exports from Japan

In 2022, shipments abroad of spindles and spindle flyers, spinning ring and ring travellers increased by 4.3% to X tons, rising for the second consecutive year after four years of decline. In general, exports, however, showed a drastic downturn. The pace of growth appeared the most rapid in 2016 with an increase of 19%. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, spindles and spindle flyer exports expanded slightly to $X in 2022. Over the period under review, exports, however, showed a pronounced slump. The most prominent rate of growth was recorded in 2021 with an increase of 23% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Indonesia (X tons), Bangladesh (X tons) and China (X tons) were the main destinations of spindles and spindle flyer exports from Japan, together comprising 66% of total exports. India, Pakistan, Vietnam and Thailand lagged somewhat behind, together comprising a further 24%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (with a CAGR of +8.4%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the key foreign market for spindles and spindle flyers, spinning ring and ring travellers exports from Japan, comprising 34% of total exports. The second position in the ranking was held by Indonesia ($X), with a 14% share of total exports. It was followed by Bangladesh, with a 14% share.

From 2012 to 2022, the average annual growth rate of value to China totaled +3.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (-7.5% per year) and Bangladesh (+3.7% per year).

Export Prices by Country

The average spindles and spindle flyer export price stood at $X per ton in 2022, dropping by -2.1% against the previous year. Overall, export price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +3.7% 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 +66.5% against 2016 indices. The pace of growth was the most pronounced in 2018 an increase of 18%. The export price peaked at $X per ton in 2021, and then dropped slightly in the following year.

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 China ($X per ton), while the average price for exports to Indonesia ($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 China (+17.4%), 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 Japan

Spindles and spindle flyer imports into Japan surged to X tons in 2022, growing by 43% against 2021 figures. Overall, imports recorded a temperate expansion. The pace of growth was the most pronounced in 2021 when imports increased by 72%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, spindles and spindle flyer imports surged to $X in 2022. Over the period under review, imports, however, continue to indicate a slight descent. The pace of growth appeared the most rapid in 2021 when imports increased by 72%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

The Czech Republic (X tons), China (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of spindles and spindle flyer imports to Japan, together comprising 97% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Taiwan (Chinese) (with a CAGR of +20.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X) constituted the largest supplier of spindles and spindle flyers, spinning ring and ring travellers to Japan, comprising 54% of total imports. The second position in the ranking was held by China ($X), with a 17% share of total imports. It was followed by Taiwan (Chinese), with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the Czech Republic stood at +17.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+4.6% per year) and Taiwan (Chinese) (+12.4% per year).

Import Prices by Country

The average spindles and spindle flyer import price stood at $X per ton in 2022, which is down by -15.7% against the previous year. Over the period under review, the import price continues to indicate a perceptible descent. The pace of growth appeared the most rapid in 2019 when the average import price increased by 39% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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