Northern America: 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 Northern America

In 2022, the North American spindles and spindle flyer market decreased by -9.9% to $X, falling for the third consecutive year after two years of growth. The total consumption indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -21.0% against 2019 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Spindles And Spindle Flyers, Spinning Ring And Ring Travellers in Northern America

In value terms, spindles and spindle flyer production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.8% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 when the production volume increased by 17% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

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

Exports in Northern America

In 2022, the amount of spindles and spindle flyers, spinning ring and ring travellers exported in Northern America skyrocketed to X tons, rising by 19% compared with 2021. Over the period under review, exports, however, continue to indicate a mild slump. The pace of growth appeared the most rapid in 2020 with an increase of 164% against the previous year. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, spindles and spindle flyer exports skyrocketed to $X in 2022. In general, exports showed slight growth. The most prominent rate of growth was recorded in 2020 with an increase of 190%. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United States dominates exports structure, amounting to X tons, which was approx. 93% of total exports in 2022. It was distantly followed by Canada (X tons), achieving a 7.5% share of total exports.

The United States was also the fastest-growing in terms of the spindles and spindle flyers, spinning ring and ring travellers exports, with a CAGR of +3.0% from 2012 to 2022. Canada (-16.1%) illustrated a downward trend over the same period. The United States (+31 p.p.) significantly strengthened its position in terms of the total exports, while Canada saw its share reduced by -31% from 2012 to 2022, respectively.

In value terms, the United States ($X) remains the largest spindles and spindle flyer supplier in Northern America, comprising 95% of total exports. The second position in the ranking was held by Canada ($X), with a 4.9% share of total exports.

From 2012 to 2022, the average annual growth rate of value in the United States stood at +5.5%.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2022, shrinking by -2.8% against the previous year. Export price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +2.1% 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 +63.0% against 2017 indices. The growth pace was the most rapid in 2015 an increase of 72% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2021, and then contracted slightly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+2.4%).

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

Imports in Northern America

In 2022, the amount of spindles and spindle flyers, spinning ring and ring travellers imported in Northern America soared to X tons, growing by 35% compared with the previous year. Over the period under review, imports continue to indicate a relatively flat trend pattern. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, spindles and spindle flyer imports expanded rapidly to $X in 2022. Total imports indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +77.5% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 61% against the previous year. The level of import peaked in 2022 and is likely to continue growth in years to come.

Imports by Country

The United States was the largest importer of spindles and spindle flyers, spinning ring and ring travellers in Northern America, with the volume of imports amounting to X tons, which was approx. 66% of total imports in 2022. It was distantly followed by Canada (X tons), creating a 34% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of +8.1%).

In value terms, the United States ($X) constitutes the largest market for imported spindles and spindle flyers, spinning ring and ring travellers in Northern America, comprising 70% of total imports. The second position in the ranking was held by Canada ($X), with a 30% share of total imports.

In the United States, spindles and spindle flyer imports increased at an average annual rate of +2.6% over the period from 2012-2022.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2022, waning by -18.4% against the previous year. Import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +4.4% 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 import price increased by +62.3% against 2019 indices. The most prominent rate of growth was recorded in 2020 an increase of 60%. Over the period under review, import prices hit record highs at $X per ton in 2021, and then fell notably in the following year.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while Canada amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+5.0%).

Source: IndexBox Platform

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