Overview of the Global Market for Spindles And Spindle Flyers, Spinning Ring And Ring Travellers

Market Size for Spindles And Spindle Flyers, Spinning Ring And Ring Travellers

The global spindles and spindle flyer market rose significantly to $X in 2022, picking up by 5.1% against the previous year. In general, consumption, however, continues to indicate a mild contraction. The pace of growth appeared the most rapid in 2016 when the market value increased by 6.8% against the previous year. Over the period under review, the global market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

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

In value terms, spindles and spindle flyer production rose significantly to $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 19% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, global production growth failed to regain momentum.

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

Exports

In 2022, overseas shipments of spindles and spindle flyers, spinning ring and ring travellers increased by 3% to X tons, rising for the second year in a row after three years of decline. The total export volume increased at an average annual rate of +2.4% 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 2021 with an increase of 45% against the previous year. Over the period under review, the global exports hit record highs 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 reached $X in 2022. The total export value increased at an average annual rate of +2.4% 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 47% against the previous year. The global exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

In 2022, the Czech Republic (X tons) and China (X tons) represented the largest exporters of spindles and spindle flyers, spinning ring and ring travellersaround the world, together mixing up 57% of total exports. India (X tons) took an 11% share (based on physical terms) of total exports, which put it in second place, followed by Germany (10%) and Switzerland (4.7%). The following exporters - South Korea (X tons) and Italy (X tons) - each recorded a 7.6% share of total exports.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +16.6%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), Switzerland ($X) and Germany ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined 56% share of global exports.

In terms of the main exporting countries, the Czech Republic, with a CAGR of +5.9%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global 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, surging by 7.2% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 9.6% against the previous year. The global export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+5.3%), while the other global leaders experienced mixed trends in the export price figures.

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

Imports

In 2022, approx. X tons of spindles and spindle flyers, spinning ring and ring travellers were imported worldwide; growing by 7.5% compared with the year before. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 37% against the previous year. Global imports peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, spindles and spindle flyer imports expanded sharply to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 33%. Global imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, India (X tons) was the major importer of spindles and spindle flyers, spinning ring and ring travellers, achieving 30% of total imports. China (X tons) took the second position in the ranking, followed by Pakistan (X tons), Bangladesh (X tons) and Germany (X tons). All these countries together took near 38% share of total imports. Switzerland (X tons), Japan (X tons), Vietnam (X tons), Italy (X tons), Indonesia (X tons), the Czech Republic (X tons), Turkey (X tons) and Spain (X tons) took a relatively small share of total imports.

India was also the fastest-growing in terms of the spindles and spindle flyers, spinning ring and ring travellers imports, with a CAGR of +14.2% from 2012 to 2022. At the same time, Spain (+9.1%), Bangladesh (+6.4%), Germany (+5.9%), Turkey (+5.1%), the Czech Republic (+4.1%) and Japan (+2.2%) displayed positive paces of growth. Pakistan and Italy experienced a relatively flat trend pattern. By contrast, Vietnam (-8.7%), Switzerland (-10.2%), China (-10.2%) and Indonesia (-14.2%) illustrated a downward trend over the same period. India (+23 p.p.), Bangladesh (+4.4 p.p.), Germany (+3 p.p.) and Pakistan (+1.7 p.p.) significantly strengthened its position in terms of the global imports, while Vietnam, Switzerland, Indonesia and China saw its share reduced by -2.8%, -5%, -6.6% and -19.8% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X), China ($X) and Bangladesh ($X) were the countries with the highest levels of imports in 2022, with a combined 44% share of global imports.

In terms of the main importing countries, India, with a CAGR of +8.5%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global 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, remaining relatively unchanged against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average import price increased by 13%. 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 destination: amid the top importers, the country with the highest price was Switzerland ($X per ton), while the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+12.3%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :