Uzbekistan: 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 Uzbekistan

In 2022, the Uzbek spindles and spindle flyer market increased by 31% to $X, rising for the second year in a row after three years of decline. In general, consumption, however, saw a pronounced decline. Spindles and spindle flyer consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

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

Exports from Uzbekistan

Spindles and spindle flyer exports from Uzbekistan reduced dramatically to X kg in 2022, waning by -38.6% compared with 2021 figures. Overall, exports continue to indicate a sharp slump. The most prominent rate of growth was recorded in 2021 with an increase of 2,100% against the previous year. Over the period under review, the exports hit record highs at X kg in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, spindles and spindle flyer exports declined notably to $X in 2022. In general, exports recorded a precipitous contraction. The pace of growth appeared the most rapid in 2021 with an increase of 3,286%. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Switzerland (X kg) was the main destination for spindles and spindle flyer exports from Uzbekistan, with a 89% share of total exports. Moreover, spindles and spindle flyer exports to Switzerland exceeded the volume sent to the second major destination, Kyrgyzstan (X kg), more than tenfold.

From 2019 to 2022, the average annual rate of growth in terms of volume to Switzerland amounted to -45.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kyrgyzstan (-30.7% per year) and Germany (0.0% per year).

In value terms, Switzerland ($X) remains the key foreign market for spindles and spindle flyers, spinning ring and ring travellers exports from Uzbekistan, comprising 94% of total exports. The second position in the ranking was held by Germany ($X), with a 2.4% share of total exports.

From 2019 to 2022, the average annual rate of growth in terms of value to Switzerland stood at -37.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (0.0% per year) and Kyrgyzstan (-41.5% per year).

Export Prices by Country

The average spindles and spindle flyer export price stood at $X per ton in 2022, with a decrease of -14.7% against the previous year. Over the period under review, export price indicated strong growth from 2019 to 2022: its price increased at an average annual rate of +12.8% over the last three-year period. 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 +43.5% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of 54% against the previous year. As a result, the export price reached the peak level of $X per ton, and then declined in the following year.

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

From 2019 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+14.7%).

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

Imports into Uzbekistan

Spindles and spindle flyer imports into Uzbekistan expanded rapidly to X tons in 2022, with an increase of 11% compared with 2021 figures. In general, imports, however, showed a deep slump. The growth pace was the most rapid in 2021 with an increase of 33% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, spindles and spindle flyer imports surged to $X in 2022. Over the period under review, imports, however, continue to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 43% against the previous year. Over the period under review, imports attained the maximum at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

The Czech Republic (X tons), Switzerland (X tons) and Germany (X tons) were the main suppliers of spindles and spindle flyer imports to Uzbekistan, together comprising 60% of total imports. China, India, Belgium and Japan lagged somewhat behind, together comprising a further 30%.

From 2017 to 2022, the biggest increases were recorded for China (with a CAGR of +19.4%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Switzerland ($X), Germany ($X) and the Czech Republic ($X) appeared to be the largest spindles and spindle flyer suppliers to Uzbekistan, with a combined 70% share of total imports. India, China, Japan and Belgium lagged somewhat behind, together comprising a further 17%.

In terms of the main suppliers, China, with a CAGR of +21.1%, 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

In 2022, the average spindles and spindle flyer import price amounted to $X per ton, picking up by 17% against the previous year. In general, import price indicated a pronounced expansion from 2017 to 2022: its price increased at an average annual rate of +4.9% over the last five years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, spindles and spindle flyer import price increased by +73.5% against 2019 indices. The most prominent rate of growth was recorded in 2020 an increase of 37%. The import price peaked in 2022 and is likely to see steady growth in the immediate term.

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

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by India (+22.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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