United Kingdom: 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 UK

In 2022, the UK spindles and spindle flyer market was finally on the rise to reach $X after three years of decline. Over the period under review, consumption, however, saw a perceptible decrease. Over the period under review, the market attained 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 the UK

In value terms, spindles and spindle flyer production declined remarkably to $X in 2022 estimated in export price. Over the period under review, production, however, recorded significant growth. The growth pace was the most rapid in 2018 with an increase of 376,080,800%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

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

Exports from the UK

In 2022, the amount of spindles and spindle flyers, spinning ring and ring travellers exported from the UK fell significantly to X tons, with a decrease of -68.2% on the year before. In general, exports, however, enjoyed a remarkable increase. The growth pace was the most rapid in 2015 with an increase of 669% against the previous year. The exports peaked at X tons in 2021, and then shrank dramatically in the following year.

In value terms, spindles and spindle flyer exports plummeted to $X in 2022. Overall, exports, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2018 with an increase of 448% against the previous year. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Italy (X tons), China (X tons) and Germany (X tons) were the main destinations of spindles and spindle flyer exports from the UK, with a combined 45% share of total exports. France, Hungary, Spain, the United States, Ireland, Japan, India, Australia, Romania and New Zealand lagged somewhat behind, together comprising a further 45%.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +54.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), China ($X) and Germany ($X) appeared to be the largest markets for spindles and spindle flyer exported from the UK worldwide, with a combined 43% share of total exports. The United States, Japan, Spain, France, India, Ireland, Australia, New Zealand, Hungary and Romania lagged somewhat behind, together comprising a further 43%.

The United States, with a CAGR of +44.9%, saw 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, rising by 46% against the previous year. Over the period under review, the export price, however, saw a abrupt contraction. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Hungary ($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 Romania (+4.0%), 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 UK

In 2022, overseas purchases of spindles and spindle flyers, spinning ring and ring travellers decreased by -40.8% to X tons, falling for the second year in a row after two years of growth. In general, imports showed a deep reduction. The growth pace was the most rapid in 2017 with an increase of 138%. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, spindles and spindle flyer imports shrank modestly to $X in 2022. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 24%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Japan (X tons) and Germany (X kg) were the main suppliers of spindles and spindle flyer imports to the UK, together comprising 90% of total imports.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of +16.0%), while purchases for the other leaders experienced a decline.

In value terms, Japan ($X) constituted the largest supplier of spindles and spindle flyers, spinning ring and ring travellers to the UK, comprising 50% of total imports. The second position in the ranking was taken by China ($X), with a 21% share of total imports. It was followed by Germany, with a 2.7% share.

From 2012 to 2022, the average annual growth rate of value from Japan totaled +22.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-1.8% per year) and Germany (-13.7% per year).

Import Prices by Country

In 2022, the average spindles and spindle flyer import price amounted to $X per ton, growing by 64% against the previous year. Overall, the import price saw a strong increase. The growth pace was the most rapid in 2018 when the average import price increased by 85% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.

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 Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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