United Arab Emirates: 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 United Arab Emirates

The spindles and spindle flyer market in the United Arab Emirates shrank to $X in 2022, reducing by -7.4% against the previous year. Over the period under review, consumption, however, posted a significant increase. Over the period under review, the market attained the peak level at $X in 2021, and then dropped in the following year.

Production of Spindles And Spindle Flyers, Spinning Ring And Ring Travellers in the United Arab Emirates

In value terms, spindles and spindle flyer production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.1% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 33%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

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

Exports from the United Arab Emirates

After two years of growth, shipments abroad of spindles and spindle flyers, spinning ring and ring travellers decreased by -21.1% to X tons in 2022. Over the period under review, exports, however, saw strong growth. The most prominent rate of growth was recorded in 2021 with an increase of 718% against the previous year. As a result, the exports attained the peak of X tons, and then fell remarkably in the following year.

In value terms, spindles and spindle flyer exports fell sharply to $X in 2022. Overall, exports, however, posted a strong expansion. The growth pace was the most rapid in 2021 with an increase of 467% against the previous year. As a result, the exports attained the peak of $X, and then dropped sharply in the following year.

Exports by Country

Zimbabwe (X tons) and Bahrain (X tons) were the main destinations of spindles and spindle flyer exports from the United Arab Emirates.

From 2012 to 2022, the biggest increases were recorded for Bahrain (with a CAGR of +186.1%).

In value terms, Zimbabwe ($X) emerged as the key foreign market for spindles and spindle flyers, spinning ring and ring travellers exports from the United Arab Emirates, comprising 80% of total exports. The second position in the ranking was taken by Bahrain ($X), with a 19% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Zimbabwe amounted to +79.9%.

Export Prices by Country

The average spindles and spindle flyer export price stood at $X per ton in 2022, shrinking by -25.5% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average export price increased by 389%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Zimbabwe ($X per ton), while the average price for exports to Bahrain totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bangladesh (+31.5%), 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 the United Arab Emirates

In 2022, approx. X tons of spindles and spindle flyers, spinning ring and ring travellers were imported into the United Arab Emirates; reducing by -11% on 2021 figures. Overall, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2019 when imports increased by 446% against the previous year. Imports peaked at X tons in 2021, and then contracted in the following year.

In value terms, spindles and spindle flyer imports shrank rapidly to $X in 2022. In general, imports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2019 when imports increased by 280%. Over the period under review, imports attained the maximum at $X in 2021, and then reduced markedly in the following year.

Imports by Country

In 2022, India (X tons) was the main spindles and spindle flyer supplier to the United Arab Emirates, with a 96% share of total imports. It was followed by Japan (X kg), with a 1.2% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from India amounted to +105.4%.

In value terms, India ($X) constituted the largest supplier of spindles and spindle flyers, spinning ring and ring travellers to the United Arab Emirates, comprising 91% of total imports. The second position in the ranking was held by Japan ($X), with a 1.5% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from India amounted to +108.6%.

Import Prices by Country

In 2022, the average spindles and spindle flyer import price amounted to $X per ton, shrinking by -4.7% against the previous year. In general, the import price saw a perceptible setback. The most prominent rate of growth was recorded in 2020 when the average import price increased by 347% against the previous year. As a result, import price attained the peak level of $X per ton. From 2021 to 2022, the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for India amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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