ASEAN: Reel Cutting Slitter Market 2025

Reel Cutting Slitter Market Size in ASEAN

The ASEAN reel cutting slitter market reduced remarkably to $X in 2022, waning by -19.9% against the previous year. Over the period under review, consumption recorded a pronounced downturn. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Reel Cutting Slitter Production in ASEAN

In value terms, reel cutting slitter production surged to $X in 2022 estimated in export price. Overall, production continues to indicate a significant expansion. The pace of growth was the most pronounced in 2020 when the production volume increased by 709%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Reel Cutting Slitter Exports

Exports in ASEAN

In 2022, exports of combined reel slitting and re-reeling cutting machines for paper and paperboard in ASEAN skyrocketed to X units, rising by 18% on the previous year's figure. Over the period under review, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 187%. The volume of export peaked in 2022 and is expected to retain growth in years to come.

In value terms, reel cutting slitter exports rose notably to $X in 2022. Overall, exports saw a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 238%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

Malaysia represented the major exporter of combined reel slitting and re-reeling cutting machines for paper and paperboard in ASEAN, with the volume of exports accounting for X units, which was near 53% of total exports in 2022. Singapore (X units) held a 16% share (based on physical terms) of total exports, which put it in second place, followed by Vietnam (16%) and Thailand (14%).

Malaysia was also the fastest-growing in terms of the combined reel slitting and re-reeling cutting machines for paper and paperboard exports, with a CAGR of +49.5% from 2012 to 2022. At the same time, Vietnam (+33.4%), Thailand (+29.9%) and Singapore (+16.9%) displayed positive paces of growth. Malaysia (+43 p.p.), Vietnam (+6.2 p.p.) and Thailand (+2.8 p.p.) significantly strengthened its position in terms of the total exports, while Singapore saw its share reduced by -20.3% from 2012 to 2022, respectively.

In value terms, Malaysia ($X) remains the largest reel cutting slitter supplier in ASEAN, comprising 61% of total exports. The second position in the ranking was taken by Singapore ($X), with an 18% share of total exports. It was followed by Vietnam, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Malaysia totaled +55.5%. In the other countries, the average annual rates were as follows: Singapore (+20.6% per year) and Vietnam (+38.3% per year).

Export Prices by Country

The export price in ASEAN stood at $X per unit in 2022, dropping by -5.9% against the previous year. Export price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 an increase of 21%. The level of export peaked at $X per unit in 2021, and then dropped in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+4.1%), while the other leaders experienced more modest paces of growth.

Reel Cutting Slitter Imports

Imports in ASEAN

In 2022, approx. X units of combined reel slitting and re-reeling cutting machines for paper and paperboard were imported in ASEAN; which is down by -2.6% against 2021 figures. In general, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 19%. The volume of import peaked at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, reel cutting slitter imports declined to $X in 2022. Over the period under review, imports continue to indicate a slight decrease. The most prominent rate of growth was recorded in 2018 with an increase of 38%. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Vietnam represented the main importer of combined reel slitting and re-reeling cutting machines for paper and paperboard in ASEAN, with the volume of imports recording X units, which was approx. 46% of total imports in 2022. Indonesia (X units) ranks second in terms of the total imports with a 28% share, followed by Thailand (13%) and Malaysia (4.6%). The following importers - Singapore (X units) and the Philippines (X units) - together made up 6.3% of total imports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +16.7%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, Vietnam ($X), Thailand ($X) and Indonesia ($X) constituted the countries with the highest levels of imports in 2022, with a combined 75% share of total imports.

Among the main importing countries, Vietnam, with a CAGR of +9.4%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per unit, which is down by -8.6% against the previous year. Over the period under review, the import price showed a mild shrinkage. The pace of growth was the most pronounced in 2018 an increase of 17%. The level of import peaked at $X per unit in 2015; however, from 2016 to 2022, 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 Singapore ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+11.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform