Thailand: 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 Thailand

The Thai spindles and spindle flyer market declined to $X in 2022, falling by X% against the previous year. Overall, consumption continues to indicate a mild slump. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, spindles and spindle flyer production amounted to $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with a decrease of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

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

Exports from Thailand

In 2022, after two years of decline, there was significant growth in overseas shipments of spindles and spindle flyers, spinning ring and ring travellers, when their volume increased by X% to X tons. In general, exports, however, recorded a deep slump. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, spindles and spindle flyer exports shrank slightly to $X in 2022. Over the period under review, exports, however, showed a deep downturn. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

India (X tons) was the main destination for spindles and spindle flyer exports from Thailand, with a X% share of total exports. It was followed by Hong Kong SAR (X kg), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to India stood at X%.

In value terms, India ($X) remains the key foreign market for spindles and spindle flyers, spinning ring and ring travellers exports from Thailand, comprising X% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to India stood at X%.

Export Prices by Country

In 2022, the average spindles and spindle flyer export price amounted to $X per ton, falling by X% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to India totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (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 Thailand

In 2022, after two years of growth, there was significant decline in purchases abroad of spindles and spindle flyers, spinning ring and ring travellers, when their volume decreased by X% to X tons. In general, imports, however, posted a measured expansion. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Over the period under review, imports reached the maximum at X tons in 2021, and then reduced in the following year.

In value terms, spindles and spindle flyer imports dropped to $X in 2022. Over the period under review, imports saw a drastic downturn. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest spindles and spindle flyer supplier to Thailand, accounting for a X% share of total imports. Moreover, spindles and spindle flyer imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), fivefold. Japan (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Japan (X% per year).

In value terms, the largest spindles and spindle flyer suppliers to Thailand were Switzerland ($X), China ($X) and Japan ($X), together comprising X% of total imports. India, France, Germany, the Czech Republic, South Korea and Taiwan (Chinese) lagged somewhat behind, together accounting for a further X%.

France, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average spindles and spindle flyer import price stood at $X per ton in 2022, leveling off at the previous year. In general, the import price, however, continues to indicate a drastic downturn. The pace of growth appeared the most rapid in 2018 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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