World - Spindles And Spindle Flyers, Spinning Ring And Ring Travellers - Market Analysis, Forecast, Size, Trends And Insights
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The global spindles and spindle flyer market is expected to see an upward consumption trend over the period from 2022 to 2030, with an anticipated CAGR of +1.4% in volume and +3.6% in value. Key insights include the top consuming and producing countries, import/export data, and average price trends. India leads in consumption and imports, while the Czech Republic and China are major exporters. Prices vary significantly by country, with Switzerland commanding the highest export price per ton.
Market Forecast
Driven by rising demand for spindles and spindle flyer worldwide, the market is expected to start an upward consumption trend over the next eight-year period. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +1.4% for the period from 2022 to 2030, which is projected to bring the market volume to 8K tons by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +3.6% for the period from 2022 to 2030, which is projected to bring the market value to $294M (in nominal prices) by the end of 2030.
Consumption
World Consumption of Spindles And Spindle Flyers, Spinning Ring And Ring Travellers
Global spindles and spindle flyer consumption reached 7.1K tons in 2022, picking up by 3% against the previous year's figure. Over the period under review, consumption, however, continues to indicate a mild shrinkage. The most prominent rate of growth was recorded in 2020 when the consumption volume increased by 7.8%. Over the period under review, global consumption hit record highs at 8.3K tons in 2012; however, from 2013 to 2022, consumption remained at a lower figure.
The global spindles and spindle flyer market value totaled $222M in 2022, picking up by 2.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, recorded a slight curtailment. The pace of growth appeared the most rapid in 2016 with an increase of 9.8%. Global consumption peaked at $251M in 2012; however, from 2013 to 2022, consumption remained at a lower figure.
Consumption By Country
The countries with the highest volumes of consumption in 2022 were India (1.8K tons), Kuwait (955 tons) and Pakistan (621 tons), together comprising 47% of global consumption.
From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by India (with a CAGR of +13.4%), while consumption for the other global leaders experienced more modest paces of growth.
In value terms, India ($52M) led the market, alone. The second position in the ranking was held by the United States ($22M). It was followed by China.
In India, the spindles and spindle flyer market increased at an average annual rate of +10.2% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of market growth: the United States (+10.0% per year) and China (-7.4% per year).
In 2022, the highest levels of spindles and spindle flyer per capita consumption was registered in Kuwait (218 kg per 1000 persons), followed by the Czech Republic (13 kg per 1000 persons), Germany (7 kg per 1000 persons) and Canada (4.2 kg per 1000 persons), while the world average per capita consumption of spindles and spindle flyer was estimated at less than 0.1 kg per 1000 persons.
From 2012 to 2022, the average annual rate of growth in terms of the spindles and spindle flyer per capita consumption in Kuwait was relatively modest. In the other countries, the average annual rates were as follows: the Czech Republic (-18.5% per year) and Germany (-1.7% per year).
Production
World Production of Spindles And Spindle Flyers, Spinning Ring And Ring Travellers
In 2022, production of spindles and spindle flyers, spinning ring and ring travellers increased by 0.4% to 7.6K tons, rising for the second consecutive year after two years of decline. In general, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the production volume increased by 4.5% against the previous year. Global production peaked at 7.8K tons in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.
In value terms, spindles and spindle flyer production rose sharply to $230M in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 18% against the previous year. As a result, production attained the peak level of $245M. From 2019 to 2022, global production growth remained at a lower figure.
Production By Country
The countries with the highest volumes of production in 2022 were the Czech Republic (2.1K tons), China (1.3K tons) and Kuwait (956 tons), with a combined 57% share of global production.
From 2012 to 2022, the biggest increases were recorded for Kuwait (with a CAGR of +2.4%), while production for the other global leaders experienced more modest paces of growth.
Imports
World Imports of Spindles And Spindle Flyers, Spinning Ring And Ring Travellers
In 2022, supplies from abroad of spindles and spindle flyers, spinning ring and ring travellers increased by 6.7% to 5.4K tons, rising for the second consecutive year after three years of decline. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 41% against the previous year. Global imports peaked at 5.8K tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.
In value terms, spindles and spindle flyer imports amounted to $166M in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 35%. Global imports peaked at $184M in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.
Imports By Country
In 2022, India (1.6K tons) was the major importer of spindles and spindle flyers, spinning ring and ring travellers, making up 30% of total imports. It was distantly followed by China (637 tons), Pakistan (627 tons), Bangladesh (343 tons) and Germany (334 tons), together committing a 36% share of total imports. Indonesia (190 tons), Switzerland (160 tons), Japan (139 tons), Italy (120 tons), Turkey (88 tons), Spain (87 tons) and Vietnam (82 tons) held 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%), Germany (+5.9%), Turkey (+5.1%), Bangladesh (+3.1%), Japan (+2.2%), Vietnam (+2.0%) and Pakistan (+1.1%) displayed positive paces of growth. Italy experienced a relatively flat trend pattern. By contrast, Indonesia (-9.8%), Switzerland (-10.2%) and China (-10.2%) illustrated a downward trend over the same period. India (+22 p.p.), Germany (+2.9 p.p.), Bangladesh (+2 p.p.) and Pakistan (+1.8 p.p.) significantly strengthened its position in terms of the global imports, while Switzerland, Indonesia and China saw its share reduced by -5.2%, -5.7% and -20.8% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, India ($40M), China ($23M) and Switzerland ($11M) were the countries with the highest levels of imports in 2022, together accounting for 45% of global imports.
Among 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 $30,816 per ton in 2022, picking up by 3.1% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 16% against the previous year. As a result, import price reached the peak level of $35,426 per ton. From 2019 to 2022, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($81,920 per ton), while Spain ($15,202 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+6.3%), while the other global leaders experienced more modest paces of growth.
Exports
World Exports of Spindles And Spindle Flyers, Spinning Ring And Ring Travellers
In 2022, shipments abroad of spindles and spindle flyers, spinning ring and ring travellers increased by 2.9% to 5.8K tons, rising for the second consecutive year after three years of decline. The total export volume increased at an average annual rate of +2.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 43%. Over the period under review, the global exports hit record highs at 6.4K tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.
In value terms, spindles and spindle flyer exports rose rapidly to $192M 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 most prominent rate of growth was recorded in 2021 with an increase of 46% against the previous year. The global exports peaked in 2022 and are likely to continue growth in the immediate term.
Exports By Country
In 2022, the Czech Republic (2K tons) and China (1.4K tons) represented the largest exporters of spindles and spindle flyers, spinning ring and ring travellersaround the world, together recording approx. 57% of total exports. India (627 tons) took an 11% share (based on physical terms) of total exports, which put it in second place, followed by Germany (10%) and Switzerland (4.6%). The following exporters - South Korea (224 tons) and Italy (220 tons) - each accounted for 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 largest spindles and spindle flyer supplying countries worldwide were the Czech Republic ($42M), Switzerland ($36M) and Germany ($30M), with a combined 56% share of global exports.
Among the main exporting countries, the Czech Republic, with a CAGR of +5.9%, recorded 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 $32,834 per ton, rising by 8.3% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 8.7% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in the near future.
Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Switzerland ($131,250 per ton), while South Korea ($5,085 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.
This report provides an in-depth analysis of the global market for spindles and spindle flyer. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28945130 - Spindles and spindle flyers, spinning ring and ring travellers
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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