Latin America and the Caribbean: 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 Latin America and the Caribbean

In 2022, the Latin American spindles and spindle flyer market increased by X% to $X, rising for the second year in a row after two years of decline. Overall, consumption, however, recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Production of Spindles And Spindle Flyers, Spinning Ring And Ring Travellers in Latin America and the Caribbean

In value terms, spindles and spindle flyer production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when the production volume increased by X% against the previous year. The level of production peaked in 2022 and is likely to continue growth in the near future.

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

Exports in Latin America and the Caribbean

In 2022, the amount of spindles and spindle flyers, spinning ring and ring travellers exported in Latin America and the Caribbean soared to X tons, rising by X% on the year before. In general, exports saw a remarkable increase. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, spindles and spindle flyer exports skyrocketed to $X in 2022. Overall, exports showed a remarkable increase. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Jamaica represented the main exporter of spindles and spindle flyers, spinning ring and ring travellers in Latin America and the Caribbean, with the volume of exports accounting for X kg, which was near X% of total exports in 2022. Brazil (X kg) ranks second in terms of the total exports with a X% share, followed by Mexico (X%), Argentina (X%) and Panama (X%). The following exporters - Honduras (X kg) and Ecuador (X kg) - together made up X% of total exports.

Jamaica was also the fastest-growing in terms of the spindles and spindle flyers, spinning ring and ring travellers exports, with a CAGR of X% from 2012 to 2022. At the same time, Argentina (X%), Honduras (X%), Ecuador (X%), Brazil (X%) and Panama (X%) displayed positive paces of growth. By contrast, Mexico (X%) illustrated a downward trend over the same period. While the share of Jamaica (X p.p.), Argentina (X p.p.) and Honduras (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Panama (X p.p.), Brazil (X p.p.) and Mexico (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Jamaica ($X), Argentina ($X) and Mexico ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

Jamaica, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, jumping by X% against the previous year. Export price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. 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 X% against 2018 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

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

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

Imports in Latin America and the Caribbean

In 2022, purchases abroad of spindles and spindle flyers, spinning ring and ring travellers increased by X% to X tons, rising for the second consecutive year after two years of decline. In general, imports, however, showed a slight decline. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, spindles and spindle flyer imports skyrocketed to $X in 2022. Over the period under review, imports, however, showed a mild curtailment. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Brazil (X tons) was the key importer of spindles and spindle flyers, spinning ring and ring travellers, constituting X% of total imports. Peru (X tons) held the second position in the ranking, followed by Mexico (X tons), El Salvador (X tons), Guatemala (X tons) and Argentina (X tons). All these countries together took near X% share of total imports. Saint Kitts and Nevis (X kg) took a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to spindles and spindle flyer imports into Brazil stood at X%. At the same time, Saint Kitts and Nevis (X%), El Salvador (X%), Guatemala (X%) and Argentina (X%) displayed positive paces of growth. Moreover, Saint Kitts and Nevis emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Peru (X%) and Mexico (X%) illustrated a downward trend over the same period. Brazil (X p.p.), El Salvador (X p.p.), Guatemala (X p.p.), Argentina (X p.p.) and Saint Kitts and Nevis (X p.p.) significantly strengthened its position in terms of the total imports, while Mexico saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X), Peru ($X) and Mexico ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Argentina, Guatemala, El Salvador and Saint Kitts and Nevis lagged somewhat behind, together accounting for a further X%.

Saint Kitts and Nevis, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, declining by X% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, 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 Argentina ($X per ton), while Saint Kitts and Nevis ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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