Switzerland: 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 Switzerland

The Swiss spindles and spindle flyer market declined markedly to $X in 2022, falling by -19.6% against the previous year. Over the period under review, consumption faced a deep slump. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

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

In value terms, spindles and spindle flyer production shrank slightly to $X in 2022 estimated in export price. Overall, production saw a abrupt curtailment. The pace of growth was the most pronounced in 2021 with an increase of 7%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

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

Exports from Switzerland

In 2022, overseas shipments of spindles and spindle flyers, spinning ring and ring travellers increased by 18% to X tons, rising for the second consecutive year after three years of decline. The total export volume increased at an average annual rate of +2.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 41%. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, spindles and spindle flyer exports skyrocketed to $X in 2022. The total export value increased at an average annual rate of +1.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 43% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

India (X tons), China (X tons) and France (X tons) were the main destinations of spindles and spindle flyer exports from Switzerland, with a combined 71% share of total exports. Pakistan, Germany, Bangladesh, Vietnam and Indonesia lagged somewhat behind, together comprising a further 19%.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +19.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for spindles and spindle flyer exported from Switzerland were India ($X), China ($X) and France ($X), together comprising 70% of total exports. Pakistan, Bangladesh, Vietnam, Indonesia and Germany lagged somewhat behind, together comprising a further 15%.

Vietnam, with a CAGR of +23.0%, saw the highest growth rate of the value of exports, in terms of 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, standing approx. at the previous year. Over the period under review, the export price continues to indicate a slight slump. The pace of growth was the most pronounced in 2018 when the average export price increased by 10% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to Germany ($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 Vietnam (+2.7%), while the prices for the other major destinations experienced mixed trend patterns.

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

Imports into Switzerland

In 2022, imports of spindles and spindle flyers, spinning ring and ring travellers into Switzerland soared to X tons, picking up by 35% compared with 2021 figures. In general, imports, however, showed a deep contraction. The most prominent rate of growth was recorded in 2014 with an increase of 52% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, spindles and spindle flyer imports surged to $X in 2022. Overall, imports, however, saw a noticeable curtailment. The pace of growth was the most pronounced in 2021 with an increase of 39%. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Italy (X tons) constituted the largest spindles and spindle flyer supplier to Switzerland, accounting for a 78% share of total imports. Moreover, spindles and spindle flyer imports from Italy exceeded the figures recorded by the second-largest supplier, France (X tons), sixfold. The third position in this ranking was held by Germany (X tons), with a 4.8% share.

From 2012 to 2022, the average annual growth rate of volume from Italy totaled +5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-6.3% per year) and Germany (-4.0% per year).

In value terms, Italy ($X) constituted the largest supplier of spindles and spindle flyers, spinning ring and ring travellers to Switzerland, comprising 67% of total imports. The second position in the ranking was held by France ($X), with a 28% share of total imports. It was followed by Germany, with a 1.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy stood at +4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-3.4% per year) and Germany (-7.9% per year).

Import Prices by Country

In 2022, the average spindles and spindle flyer import price amounted to $X per ton, waning by -4.2% against the previous year. Over the period under review, the import price, however, recorded prominent growth. The growth pace was the most rapid in 2018 when the average import price increased by 94% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+20.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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