U.S.: 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 the U.S.

In 2022, the U.S. spindles and spindle flyer market decreased by -42.9% to $X, falling for the second consecutive year after three years of growth. Over the period under review, consumption continues to indicate a noticeable shrinkage. Spindles and spindle flyer consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Spindles And Spindle Flyers, Spinning Ring And Ring Travellers in the U.S.

In value terms, spindles and spindle flyer production reached $X in 2022. The total output value increased at an average annual rate of +2.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 30%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

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

Exports from the U.S.

In 2022, exports of spindles and spindle flyers, spinning ring and ring travellers from the United States soared to X tons, rising by 20% compared with the year before. Overall, exports continue to indicate a notable increase. The pace of growth appeared the most rapid in 2020 with an increase of 172%. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, spindles and spindle flyer exports soared to $X in 2022. In general, exports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2020 when exports increased by 200%. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Hong Kong SAR (X tons), Taiwan (Chinese) (X tons) and Canada (X tons) were the main destinations of spindles and spindle flyer exports from the United States, together accounting for 82% of total exports. Pakistan, Brazil, Germany, Japan and Mexico lagged somewhat behind, together accounting for a further 15%.

From 2012 to 2022, the biggest increases were recorded for Pakistan (with a CAGR of +55.5%), 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 the United States were Hong Kong SAR ($X), Taiwan (Chinese) ($X) and Canada ($X), together accounting for 74% of total exports. Pakistan, Brazil, Germany, Japan and Mexico lagged somewhat behind, together accounting for a further 14%.

Pakistan, with a CAGR of +68.7%, recorded the highest rates of growth with regard to 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

The average spindles and spindle flyer export price stood at $X per ton in 2022, reducing by -3% against the previous year. Overall, export price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +2.4% 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 export price increased by +67.6% against 2017 indices. The pace of growth was the most pronounced in 2015 an increase of 72%. The export price peaked at $X per ton in 2021, and then reduced in the following year.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Mexico ($X per ton) and Canada ($X per ton), while the average price for exports to Pakistan ($X per ton) and Taiwan (Chinese) ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Pakistan (+8.4%), 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 the U.S.

In 2022, spindles and spindle flyer imports into the United States skyrocketed to X tons, growing by 32% on 2021. Over the period under review, imports, however, showed a perceptible setback. The growth pace was the most rapid in 2015 when imports increased by 38%. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, spindles and spindle flyer imports shrank to $X in 2022. Overall, total imports indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +44.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 61%. As a result, imports reached the peak of $X, and then declined in the following year.

Imports by Country

India (X tons), Germany (X tons) and Japan (X tons) were the main suppliers of spindles and spindle flyer imports to the United States, with a combined 49% share of total imports. Taiwan (Chinese), Canada, Switzerland, China, Italy and France lagged somewhat behind, together comprising a further 42%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Canada (with a CAGR of +25.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest spindles and spindle flyer suppliers to the United States were India ($X), Germany ($X) and Japan ($X), together accounting for 47% of total imports. Taiwan (Chinese), Canada, Switzerland, China, Italy and France lagged somewhat behind, together accounting for a further 40%.

In terms of the main suppliers, Canada, with a CAGR of +30.9%, saw 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 average spindles and spindle flyer import price stood at $X per ton in 2022, with a decrease of -31.6% against the previous year. Over the period under review, the import price, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2020 when the average import price increased by 76%. Over the period under review, average import prices attained the maximum at $X per ton in 2021, and then shrank significantly in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from France ($X per ton) and Canada ($X per ton), while the price for Italy ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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