Lithuania: 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 Lithuania

The Lithuanian spindles and spindle flyer market stood at $X in 2022, picking up by 10% against the previous year. Over the period under review, consumption showed a abrupt shrinkage. Spindles and spindle flyer consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

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

In value terms, spindles and spindle flyer production soared to $X in 2022 estimated in export price. In general, production, however, saw a abrupt setback. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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

Exports from Lithuania

In 2022, approx. X tons of spindles and spindle flyers, spinning ring and ring travellers were exported from Lithuania; picking up by 60% compared with the previous year's figure. Overall, exports posted a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 11,300%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, spindles and spindle flyer exports surged to $X in 2022. Over the period under review, exports showed significant growth. The pace of growth was the most pronounced in 2013 with an increase of 9,308% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Uzbekistan (X tons), Taiwan (Chinese) (X tons) and the Netherlands (X kg) were the main destinations of spindles and spindle flyer exports from Lithuania.

From 2012 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +663.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Uzbekistan ($X) emerged as the key foreign market for spindles and spindle flyers, spinning ring and ring travellers exports from Lithuania, comprising 73% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 15% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Uzbekistan totaled +48.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+67.2% per year) and the Netherlands (+9.9% per year).

Export Prices by Country

The average spindles and spindle flyer export price stood at $X per ton in 2022, with an increase of 27% against the previous year. Overall, the export price, however, continues to indicate a precipitous decline. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat 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 Uzbekistan ($X per ton), while the average price for exports to Taiwan (Chinese) ($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 Russia (-5.7%), while the prices for the other major destinations experienced a decline.

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

Imports into Lithuania

In 2022, supplies from abroad of spindles and spindle flyers, spinning ring and ring travellers decreased by -10.4% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2016 with an increase of 95%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, spindles and spindle flyer imports contracted rapidly to $X in 2022. In general, imports, however, saw a prominent increase. The pace of growth was the most pronounced in 2016 when imports increased by 62%. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

France (X tons), Italy (X kg) and the Czech Republic (X kg) were the main suppliers of spindles and spindle flyer imports to Lithuania, with a combined 90% share of total imports. The UK and Germany lagged somewhat behind, together accounting for a further 9.9%.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +61.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X) constituted the largest supplier of spindles and spindle flyers, spinning ring and ring travellers to Lithuania, comprising 54% of total imports. The second position in the ranking was held by Italy ($X), with a 26% share of total imports. It was followed by the UK, with a 9.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from France totaled +5.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+46.0% per year) and the UK (+59.5% per year).

Import Prices by Country

In 2022, the average spindles and spindle flyer import price amounted to $X per ton, waning by -13.4% against the previous year. In general, the import price saw a noticeable contraction. The pace of growth was the most pronounced in 2019 when the average import price increased by 63% against the previous year. Over the period under review, average import prices reached the maximum 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 the UK ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+248.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform