SADC: 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 SADC

The SADC spindles and spindle flyer market reached $X in 2022, increasing by 14% against the previous year. Overall, consumption, however, saw a perceptible setback. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

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

In value terms, spindles and spindle flyer production shrank to $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 18% against the previous year. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

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

Exports in SADC

In 2022, the amount of spindles and spindle flyers, spinning ring and ring travellers exported in SADC fell rapidly to X tons, which is down by -47.7% compared with the previous year's figure. In general, exports continue to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2015 with an increase of 280% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, spindles and spindle flyer exports stood at $X in 2022. Over the period under review, exports saw a abrupt decline. The pace of growth appeared the most rapid in 2013 with an increase of 143% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

South Africa dominates exports structure, resulting at X tons, which was approx. 94% of total exports in 2022. The following exporters - Tanzania (X kg), Botswana (X kg) and Swaziland (X kg) - each reached a 5.3% share of total exports.

Exports from South Africa decreased at an average annual rate of -5.8% from 2012 to 2022. At the same time, Tanzania (+38.4%) displayed positive paces of growth. Moreover, Tanzania emerged as the fastest-growing exporter exported in SADC, with a CAGR of +38.4% from 2012-2022. By contrast, Botswana (-21.3%) and Swaziland (-23.6%) illustrated a downward trend over the same period. South Africa (+30 p.p.) and Tanzania (+1.9 p.p.) significantly strengthened its position in terms of the total exports, while Botswana and Swaziland saw its share reduced by -5.3% and -7.8% from 2012 to 2022, respectively.

In value terms, South Africa ($X) remains the largest spindles and spindle flyer supplier in SADC, comprising 84% of total exports. The second position in the ranking was held by Swaziland ($X), with an 8.4% share of total exports. It was followed by Tanzania, with a 4.6% share.

From 2012 to 2022, the average annual growth rate of value in South Africa was relatively modest. In the other countries, the average annual rates were as follows: Swaziland (-25.0% per year) and Tanzania (+27.1% per year).

Export Prices by Country

The export price in SADC stood at $X per ton in 2022, with an increase of 116% against the previous year. In general, the export price, however, showed a noticeable shrinkage. Over the period under review, the export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Swaziland ($X per ton), while Botswana ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+5.5%), while the other leaders experienced a decline in the export price figures.

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

Imports in SADC

In 2022, overseas purchases of spindles and spindle flyers, spinning ring and ring travellers were finally on the rise to reach X tons after two years of decline. In general, imports, however, faced a abrupt slump. The most prominent rate of growth was recorded in 2019 with an increase of 70% against the previous year. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, spindles and spindle flyer imports skyrocketed to $X in 2022. Over the period under review, imports, however, recorded a abrupt shrinkage. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

The countries with the highest levels of spindles and spindle flyer imports in 2022 were South Africa (X tons), Zambia (X tons), Namibia (X tons), Tanzania (X tons), Mauritius (X tons), Lesotho (X tons) and Botswana (X tons), together resulting at 92% of total import.

From 2012 to 2022, the biggest increases were recorded for Mauritius (with a CAGR of +3.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X) constitutes the largest market for imported spindles and spindle flyers, spinning ring and ring travellers in SADC, comprising 42% of total imports. The second position in the ranking was held by Zambia ($X), with a 13% share of total imports. It was followed by Mauritius, with an 11% share.

In South Africa, spindles and spindle flyer imports increased at an average annual rate of +3.5% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Zambia (-17.9% per year) and Mauritius (-4.9% per year).

Import Prices by Country

The import price in SADC stood at $X per ton in 2022, rising by 29% against the previous year. In general, the import price saw a prominent increase. The pace of growth was the most pronounced in 2016 an increase of 93% against the previous year. Over the period under review, import prices reached the peak figure in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was South Africa ($X per ton), while Namibia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Namibia (+7.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform