Poland: 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 Poland

The Polish spindles and spindle flyer market declined significantly to $X in 2022, which is down by -33.6% 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 continues to indicate a noticeable reduction. Spindles and spindle flyer consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

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

Exports from Poland

In 2022, shipments abroad of spindles and spindle flyers, spinning ring and ring travellers was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports saw a significant increase. The pace of growth appeared the most rapid in 2016 when exports increased by 5,400%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, spindles and spindle flyer exports soared to $X in 2022. Over the period under review, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 4,034% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

France (X tons) was the main destination for spindles and spindle flyer exports from Poland, accounting for a 82% share of total exports. Moreover, spindles and spindle flyer exports to France exceeded the volume sent to the second major destination, Russia (X kg), sixfold. Taiwan (Chinese) (X kg) ranked third in terms of total exports with a 2.4% share.

From 2012 to 2022, the average annual growth rate of volume to France stood at +126.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+88.6% per year) and Taiwan (Chinese) (+6.3% per year).

In value terms, France ($X) emerged as the key foreign market for spindles and spindle flyers, spinning ring and ring travellers exports from Poland, comprising 58% of total exports. The second position in the ranking was held by Russia ($X), with a 23% share of total exports. It was followed by Taiwan (Chinese), with a 1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to France stood at +115.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+117.6% per year) and Taiwan (Chinese) (+27.5% per year).

Export Prices by Country

The average spindles and spindle flyer export price stood at $X per ton in 2022, reducing by -29.8% against the previous year. Overall, the export price, however, showed a modest expansion. The most prominent rate of growth was recorded in 2017 when the average export price increased by 459%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Saudi Arabia ($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) (+20.0%), 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 Poland

In 2022, imports of spindles and spindle flyers, spinning ring and ring travellers into Poland soared to X tons, increasing by 18% on the year before. Over the period under review, imports, however, showed a perceptible setback. The most prominent rate of growth was recorded in 2021 with an increase of 245%. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, spindles and spindle flyer imports shrank to $X in 2022. In general, imports enjoyed tangible growth. The most prominent rate of growth was recorded in 2021 when imports increased by 195%. As a result, imports attained the peak of $X, and then shrank in the following year.

Imports by Country

Italy (X tons), France (X tons) and China (X tons) were the main suppliers of spindles and spindle flyer imports to Poland, together accounting for 84% of total imports. Germany, Denmark, the UK and India lagged somewhat behind, together comprising a further 13%.

From 2012 to 2022, the biggest increases were recorded for Denmark (with a CAGR of +189.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and China ($X) constituted the largest spindles and spindle flyer suppliers to Poland, with a combined 62% share of total imports. Italy, the UK, Denmark and India lagged somewhat behind, together accounting for a further 14%.

In terms of the main suppliers, Denmark, with a CAGR of +182.7%, saw 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

In 2022, the average spindles and spindle flyer import price amounted to $X per ton, dropping by -24.9% against the previous year. Overall, import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +5.5% 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 decreased by -35.9% against 2020 indices. The pace of growth was the most pronounced in 2020 an increase of 60% against the previous year. As a result, import price reached the peak level of $X per ton. From 2021 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 Germany ($X per ton), while the price for Italy ($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 (+34.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :