
Philippines - Spindles and Spindle Flyers, Spinning Ring and Ring Travellers - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPhilippines: Market for Spindles And Spindle Flyers, Spinning Ring And Ring Travellers 2025
Market Size for Spindles And Spindle Flyers, Spinning Ring And Ring Travellers in the Philippines
The Philippine spindles and spindle flyer market dropped remarkably to $X in 2022, reducing by -33.4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, saw a resilient expansion. Spindles and spindle flyer consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.
Exports of Spindles And Spindle Flyers, Spinning Ring And Ring Travellers
Exports from the Philippines
Spindles and spindle flyer exports from the Philippines dropped remarkably to X kg in 2022, waning by -65.7% against the year before. Overall, exports saw a abrupt slump. The most prominent rate of growth was recorded in 2021 when exports increased by 4,600%. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.
In value terms, spindles and spindle flyer exports contracted dramatically to $X in 2022. Over the period under review, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 4,079%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.
Exports by Country
Australia (X kg) was the main destination for spindles and spindle flyer exports from the Philippines, accounting for a 89% share of total exports. Moreover, spindles and spindle flyer exports to Australia exceeded the volume sent to the second major destination, Japan (X kg), eightfold.
From 2012 to 2022, the average annual rate of growth in terms of volume to Australia was relatively modest.
In value terms, Australia ($X) emerged as the key foreign market for spindles and spindle flyers, spinning ring and ring travellers exports from the Philippines, comprising 89% of total exports. The second position in the ranking was held by Japan ($X), with an 11% share of total exports.
From 2012 to 2022, the average annual growth rate of value to Australia was relatively modest.
Export Prices by Country
In 2022, the average spindles and spindle flyer export price amounted to $X per ton, which is down by -5.1% against the previous year. Overall, the export price, however, posted strong growth. The pace of growth appeared the most rapid in 2019 when the average export price increased by 209%. Over the period under review, the average export prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Australia amounted to $X per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+18.7%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Spindles And Spindle Flyers, Spinning Ring And Ring Travellers
Imports into the Philippines
In 2022, the amount of spindles and spindle flyers, spinning ring and ring travellers imported into the Philippines declined significantly to X tons, with a decrease of -21.2% compared with the year before. Over the period under review, imports, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2015 with an increase of 178%. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.
In value terms, spindles and spindle flyer imports dropped markedly to $X in 2022. In general, imports, however, enjoyed strong growth. The pace of growth was the most pronounced in 2016 with an increase of 159% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports failed to regain momentum.
Imports by Country
In 2022, Taiwan (Chinese) (X tons) constituted the largest spindles and spindle flyer supplier to the Philippines, with a 57% share of total imports. Moreover, spindles and spindle flyer imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, Japan (X tons), twofold. Germany (X tons) ranked third in terms of total imports with a 5.2% share.
From 2012 to 2022, the average annual rate of growth in terms of volume from Taiwan (Chinese) stood at +23.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+4.0% per year) and Germany (-7.2% per year).
In value terms, Japan ($X), Taiwan (Chinese) ($X) and Singapore ($X) constituted the largest spindles and spindle flyer suppliers to the Philippines, with a combined 90% share of total imports.
Among the main suppliers, Singapore, with a CAGR of +52.2%, recorded the highest rates of growth with regard to 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, with a decrease of -33.8% against the previous year. Over the period under review, the import price, however, posted a measured expansion. The growth pace was the most rapid in 2014 an increase of 103%. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the market for spindles and spindle flyer in the Philippines. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28945130 - Spindles and spindle flyers, spinning ring and ring travellers
Country coverage:
- Philippines
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Philippines
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND THE AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDSThis Chapter is Available Only for the Professional EditionPRO
3. MARKET OVERVIEW
Understanding the Current State of The Market and its Prospects
- MARKET SIZE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET STRUCTURE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- TRADE BALANCE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- PER CAPITA CONSUMPTION: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET FORECAST TO 2035
4. MOST PROMISING PRODUCTS FOR DIVERSIFICATION
Finding New Products to Diversify Your Business
- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCTS
- MOST TRADED PRODUCTS
- MOST PROFITABLE PRODUCTS FOR EXPORTS
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Export
- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- IMPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
- IMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- EXPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
- EXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country, 2012–2024
LIST OF FIGURES
- Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Structure – Domestic Supply vs. Imports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Structure – Domestic Supply vs. Imports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Trade Balance, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Trade Balance, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Volume Forecast to 2035
- Market Value Forecast to 2035
- Market Size and Growth, By Product
- Average Per Capita Consumption, By Product
- Exports and Growth, By Product
- Export Prices and Growth, By Product
- Production Volume and Growth
- Exports and Growth
- Export Prices and Growth
- Market Size and Growth
- Per Capita Consumption
- Imports and Growth
- Import Prices
- Production, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Production, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country, 2012–2024
- Exports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country, 2012–2024
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