Kuwait: 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 Kuwait

After two years of growth, the Kuwaiti spindles and spindle flyer market decreased by X% to $X in 2022. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2021, and then fell slightly in the following year.

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

In value terms, spindles and spindle flyer production shrank slightly to $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

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

Exports from Kuwait

In 2022, shipments abroad of spindles and spindle flyers, spinning ring and ring travellers increased by X% to X kg for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, faced a sharp reduction. The pace of growth appeared the most rapid in 2019 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, spindles and spindle flyer exports expanded rapidly to $X in 2022. Overall, exports, however, saw a sharp decline. The pace of growth appeared the most rapid in 2019 with an increase of X%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Egypt (X kg) was the main destination for spindles and spindle flyer exports from Kuwait, with a X% share of total exports. Moreover, spindles and spindle flyer exports to Egypt exceeded the volume sent to the second major destination, Jordan (X kg), tenfold.

From 2013 to 2022, the average annual growth rate of volume to Egypt stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jordan (X% per year) and Iraq (X% per year).

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

From 2013 to 2022, the average annual growth rate of value to Jordan amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (X% per year) and Iraq (X% per year).

Export Prices by Country

The average spindles and spindle flyer export price stood at $X per ton in 2022, reducing by X% against the previous year. Over the period under review, the export price, however, posted a significant increase. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton, and then reduced notably in the following year.

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

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Jordan (X%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Kuwait

In 2022, the amount of spindles and spindle flyers, spinning ring and ring travellers imported into Kuwait fell remarkably to X kg, waning by X% on the previous year. Over the period under review, imports recorded a perceptible shrinkage. The pace of growth was the most pronounced in 2018 when imports increased by X%. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, spindles and spindle flyer imports surged to $X in 2022. Overall, imports showed a deep contraction. The growth pace was the most rapid in 2018 with an increase of X%. Imports peaked at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

New Zealand (X kg), Spain (X kg) and the United Arab Emirates (X kg) were the main suppliers of spindles and spindle flyer imports to Kuwait, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, New Zealand ($X) constituted the largest supplier of spindles and spindle flyers, spinning ring and ring travellers to Kuwait, comprising X% of total imports. The second position in the ranking was taken by Spain ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from New Zealand was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and the United Arab Emirates (X% per year).

Import Prices by Country

In 2022, the average spindles and spindle flyer import price amounted to $X per ton, picking up by X% against the previous year. Overall, the import price, however, saw a deep reduction. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 New Zealand ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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