Russian Federation: 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 Russian Federation

For the third year in a row, the Russian spindles and spindle flyer market recorded growth in sales value, which increased by 59% to $X in 2022. Over the period under review, consumption saw a buoyant increase. Spindles and spindle flyer consumption peaked in 2022 and is likely to see gradual growth in the immediate term.

Production of Spindles And Spindle Flyers, Spinning Ring And Ring Travellers in the Russian Federation

In value terms, spindles and spindle flyer production reduced to $X in 2022 estimated in export price. Over the period under review, production showed a noticeable slump. The growth pace was the most rapid in 2019 when the production volume increased by 140%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

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

Exports from the Russian Federation

In 2021, spindles and spindle flyer exports from Russia soared to X tons, rising by 26% against 2020. In general, exports, however, recorded a deep downturn. The growth pace was the most rapid in 2019 when exports increased by 123% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, spindles and spindle flyer exports soared to $X in 2021. Over the period under review, exports, however, saw a abrupt shrinkage. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Belarus (X tons) was the main destination for spindles and spindle flyer exports from Russia, with a approx. 98% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Belarus stood at -10.2%.

In value terms, Belarus ($X) also remains the key foreign market for spindles and spindle flyers, spinning ring and ring travellers exports from Russia.

From 2012 to 2021, the average annual rate of growth in terms of value to Belarus amounted to -7.1%.

Export Prices by Country

In 2021, the average spindles and spindle flyer export price amounted to $X per ton, surging by 18% against the previous year. Over the period under review, export price indicated noticeable growth from 2012 to 2021: its price increased at an average annual rate of +2.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, spindles and spindle flyer export price increased by +75.2% against 2019 indices. The growth pace was the most rapid in 2020 an increase of 49% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Belarus.

From 2012 to 2021, the rate of growth in terms of prices for Belarus amounted to +3.5% per year.

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

Imports into the Russian Federation

In 2022, after two years of growth, there was significant decline in supplies from abroad of spindles and spindle flyers, spinning ring and ring travellers, when their volume decreased by -45% to X tons. Over the period under review, imports saw a deep downturn. The pace of growth was the most pronounced in 2016 with an increase of 476% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, spindles and spindle flyer imports reached $X in 2022. Overall, imports continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2016 when imports increased by 322% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Taiwan (Chinese) (X tons) was the main supplier of spindles and spindle flyer to Russia, accounting for a 92% share of total imports. Moreover, spindles and spindle flyer imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, Italy (X kg), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Taiwan (Chinese) amounted to +7.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-7.7% per year) and Switzerland (-8.0% per year).

In value terms, Taiwan (Chinese) ($X) constituted the largest supplier of spindles and spindle flyers, spinning ring and ring travellers to Russia, comprising 70% of total imports. The second position in the ranking was held by Italy ($X), with a 17% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Taiwan (Chinese) stood at +42.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+5.5% per year) and Switzerland (+20.9% per year).

Import Prices by Country

The average spindles and spindle flyer import price stood at $X per ton in 2022, rising by 83% against the previous year. Over the period under review, the import price saw a tangible expansion. The pace of growth appeared the most rapid in 2014 when the average import price increased by 257% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

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 Italy ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+32.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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