Spain: 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 Spain

In 2022, the Spanish spindles and spindle flyer market increased by 22% to $X, rising for the second year in a row after two years of decline. Overall, consumption recorded a strong expansion. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the near future.

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

In value terms, spindles and spindle flyer production amounted to $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume decreased by 99.9%. Spindles and spindle flyer production peaked in 2022 and is expected to retain growth in the near future.

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

Exports from Spain

After three years of growth, shipments abroad of spindles and spindle flyers, spinning ring and ring travellers decreased by -11.4% to X tons in 2022. Overall, exports, however, continue to indicate a strong expansion. The pace of growth was the most pronounced in 2017 with an increase of 150%. The exports peaked at X tons in 2021, and then dropped in the following year.

In value terms, spindles and spindle flyer exports skyrocketed to $X in 2022. In general, exports, however, saw resilient growth. The growth pace was the most rapid in 2020 with an increase of 83% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

Exports by Country

Guatemala (X tons), Mexico (X tons) and Brazil (X tons) were the main destinations of spindles and spindle flyer exports from Spain, together comprising 49% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Guatemala (with a CAGR of +193.7%), while the other leaders experienced more modest paces of growth.

In value terms, India ($X), Mexico ($X) and Brazil ($X) constituted the largest markets for spindles and spindle flyer exported from Spain worldwide, with a combined 57% share of total exports. The United States, Guatemala, South Africa, Germany, Belgium, the Czech Republic, Turkey, France and Peru lagged somewhat behind, together accounting for a further 30%.

Guatemala, with a CAGR of +185.6%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average spindles and spindle flyer export price amounted to $X per ton, increasing by 50% against the previous year. Over the period under review, the export price saw strong growth. The pace of growth was the most pronounced in 2018 an increase of 132%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to France ($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 Peru (+29.7%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Spain

In 2022, purchases abroad of spindles and spindle flyers, spinning ring and ring travellers increased by 10% to X tons, rising for the second consecutive year after two years of decline. Overall, imports saw resilient growth. The pace of growth appeared the most rapid in 2018 with an increase of 425% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, spindles and spindle flyer imports surged to $X in 2022. Over the period under review, imports showed prominent growth. The most prominent rate of growth was recorded in 2021 when imports increased by 253% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, India (X tons) constituted the largest spindles and spindle flyer supplier to Spain, with a 63% share of total imports. Moreover, spindles and spindle flyer imports from India exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. Germany (X tons) ranked third in terms of total imports with a 4.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from India stood at +8.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+125.9% per year) and Germany (-7.4% per year).

In value terms, India ($X) constituted the largest supplier of spindles and spindle flyers, spinning ring and ring travellers to Spain, comprising 60% of total imports. The second position in the ranking was held by China ($X), with a 14% share of total imports. It was followed by Germany, with a 9.2% share.

From 2012 to 2022, the average annual growth rate of value from India totaled +12.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+115.6% per year) and Germany (-8.3% per year).

Import Prices by Country

The average spindles and spindle flyer import price stood at $X per ton in 2022, increasing by 49% against the previous year. Over the period under review, the import price, however, saw a slight decrease. Over the period under review, average import prices attained the maximum at $X per ton in 2016; however, from 2017 to 2022, import prices remained at a 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 ($X per ton), while the price for China ($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 (+3.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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