Romania: 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 Romania

In 2022, the Romanian spindles and spindle flyer market increased by 35% to $X, rising for the second consecutive year after three years of decline. Over the period under review, consumption, however, saw a relatively flat trend pattern. Spindles and spindle flyer consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

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

In value terms, spindles and spindle flyer production declined to $X in 2022 estimated in export price. Over the period under review, production showed a perceptible downturn. The most prominent rate of growth was recorded in 2017 when the production volume increased by 305,522,900%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

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

Exports from Romania

In 2022, overseas shipments of spindles and spindle flyers, spinning ring and ring travellers increased by 17% to X tons, rising for the second year in a row after three years of decline. In general, total exports indicated a moderate expansion from 2012 to 2022: its volume increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +133.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 99% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, spindles and spindle flyer exports soared to $X in 2022. Over the period under review, total exports indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +148.7% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 85%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for spindles and spindle flyer exports from Romania, accounting for a 92% share of total exports. Moreover, spindles and spindle flyer exports to Germany exceeded the volume sent to the second major destination, Italy (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany amounted to +4.2%.

In value terms, Germany ($X) remains the key foreign market for spindles and spindle flyers, spinning ring and ring travellers exports from Romania, comprising 94% of total exports. The second position in the ranking was held by Italy ($X), with a 6.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany stood at +3.8%.

Export Prices by Country

The average spindles and spindle flyer export price stood at $X per ton in 2022, surging by 15% against the previous year. In general, the export price recorded a relatively flat trend pattern. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Italy amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+3.2%).

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

Imports into Romania

In 2022, supplies from abroad of spindles and spindle flyers, spinning ring and ring travellers increased by 39% to X tons, rising for the second year in a row after five years of decline. Over the period under review, imports saw a temperate expansion. The growth pace was the most rapid in 2013 when imports increased by 113% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, spindles and spindle flyer imports soared to $X in 2022. In general, total imports indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +2.7% 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 +109.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 70%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of spindles and spindle flyer to Romania, accounting for a 81% share of total imports. Moreover, spindles and spindle flyer imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X tons), sixfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany totaled +4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-0.4% per year) and India (+234.4% per year).

In value terms, Germany ($X) constituted the largest supplier of spindles and spindle flyers, spinning ring and ring travellers to Romania, comprising 86% of total imports. The second position in the ranking was taken by Italy ($X), with a 10% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Germany stood at +3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-2.5% per year) and India (+224.4% per year).

Import Prices by Country

The average spindles and spindle flyer import price stood at $X per ton in 2022, reducing by -11.4% against the previous year. Over the period under review, the import price saw a slight slump. The most prominent rate of growth was recorded in 2017 an increase of 49% against the previous year. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for India ($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 (-1.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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