South-Eastern Asia: 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 South-Eastern Asia

In 2022, the Southeast Asian spindles and spindle flyer market decreased by -30.1% to $X, falling for the fourth year in a row after four years of growth. In general, consumption showed a deep downturn. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of Spindles And Spindle Flyers, Spinning Ring And Ring Travellers in South-Eastern Asia

In value terms, spindles and spindle flyer production shrank to $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 111% against the previous year. 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 in South-Eastern Asia

In 2022, approx. X tons of spindles and spindle flyers, spinning ring and ring travellers were exported in South-Eastern Asia; declining by -7.3% against 2021 figures. Over the period under review, exports showed a pronounced setback. The most prominent rate of growth was recorded in 2015 when exports increased by 105% 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 fell sharply to $X in 2022. In general, exports continue to indicate a perceptible contraction. The growth pace was the most rapid in 2015 when exports increased by 74%. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Singapore was the major exporting country with an export of about X tons, which resulted at 59% of total exports. It was distantly followed by Thailand (X tons), constituting a 32% share of total exports. Indonesia (X kg) and Malaysia (X kg) held a minor share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Indonesia (with a CAGR of +1.7%), while the other leaders experienced a decline in the exports figures.

In value terms, Singapore ($X) remains the largest spindles and spindle flyer supplier in South-Eastern Asia, comprising 80% of total exports. The second position in the ranking was taken by Indonesia ($X), with a 7.8% share of total exports. It was followed by Thailand, with a 6% share.

In Singapore, spindles and spindle flyer exports declined by an average annual rate of -2.5% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Indonesia (+8.6% per year) and Thailand (-5.6% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, dropping by -9% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2021 an increase of 34% against the previous year. As a result, the export price reached the peak level of $X per ton, and then reduced in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+19.4%), while the other leaders experienced mixed trends in the export price figures.

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

Imports in South-Eastern Asia

Spindles and spindle flyer imports declined significantly to X tons in 2022, waning by -32.4% compared with the year before. Over the period under review, imports saw a abrupt setback. The pace of growth was the most pronounced in 2017 with an increase of 44%. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, spindles and spindle flyer imports declined to $X in 2022. Overall, imports showed a pronounced shrinkage. The pace of growth appeared the most rapid in 2016 with an increase of 15% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Vietnam (X tons) and Indonesia (X tons) represented the major importers of spindles and spindle flyers, spinning ring and ring travellers in South-Eastern Asia, together amounting to near 56% of total imports. It was distantly followed by Malaysia (X tons), Thailand (X tons) and the Philippines (X tons), together mixing up a 41% share of total imports. Singapore (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of +9.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest spindles and spindle flyer importing markets in South-Eastern Asia were Vietnam ($X), Malaysia ($X) and Indonesia ($X), together comprising 81% of total imports.

Among the main importing countries, Malaysia, with a CAGR of +13.1%, recorded the highest growth rate of 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 import price in South-Eastern Asia stood at $X per ton in 2022, growing by 26% against the previous year. Import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +4.3% 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 increased by +78.7% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of 41% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+12.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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