HS Code:
The Spindles, spindle flyers, spinning rings, and ring travellers category (HS Code: 8448.33) includes essential components used in textile machinery, particularly in spinning processes for yarn production. These parts are critical for the operation of spinning frames and play a significant role in determining the quality and efficiency of yarn manufacturing. This category is a niche but vital segment of the broader textile machinery market, with demand driven by the global textile and apparel industries, especially in regions with strong cotton and synthetic fiber production.
Total Trade Volume
USD 250 million
Data from 2022
Source
United Nations Comtrade Database
USD 60 million
24% of total trade of total trade
Increasing
USD 45 million
18% of total trade of total trade
Stable
USD 40 million
16% of total trade of total trade
Increasing
USD 30 million
12% of total trade of total trade
Increasing
USD 25 million
10% of total trade of total trade
Stable
Average Rate
5.2%
Highest Rate
12% (applied by certain developing countries to protect domestic industries)
Lowest Rate
0% (under free trade agreements such as EU-Japan EPA)
Shift towards automation in textile manufacturing
Increased demand for high-precision spindles and related components to support automated spinning systems, driving innovation and quality standards.
2021-2023
Growth in sustainable textile production
Rising preference for energy-efficient spinning components to reduce operational costs and environmental impact, influencing product design and materials.
2022
Relocation of textile manufacturing to Asia
Higher demand for spindle components in countries like India, Bangladesh, and Vietnam due to expanding textile industries, reshaping global supply chains.
2020-2023
The European Union introduced new technical standards for imported spinning components to ensure compatibility with automated systems and enhance safety.
March 2023
Exporters to the EU market may face higher compliance costs, potentially affecting trade volumes from non-compliant suppliers.
Chinese manufacturers have invested in scaling up production facilities for spinning rings and travellers to meet growing domestic and international demand.
July 2022
Increased supply from China could lead to competitive pricing, potentially impacting profit margins for manufacturers in other regions.
The Indian government launched a subsidy program to support domestic production of spindles and related components under the 'Make in India' initiative.
January 2023
This could boost India's export competitiveness and reduce reliance on imported components, influencing global trade patterns.