Belgium: Reel Cutting Slitter Market 2024

Reel Cutting Slitter Market Size in Belgium

In 2022, the Belgian reel cutting slitter market increased by 52% to $X, rising for the second consecutive year after three years of decline. In general, consumption, however, saw a abrupt shrinkage. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Reel Cutting Slitter Production in Belgium

In value terms, reel cutting slitter production expanded modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +4.0% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 with an increase of 29% against the previous year. Reel cutting slitter production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Reel Cutting Slitter Exports

Exports from Belgium

In 2022, after four years of growth, there was significant decline in overseas shipments of combined reel slitting and re-reeling cutting machines for paper and paperboard, when their volume decreased by -33.2% to X units. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when exports increased by 46%. Over the period under review, the exports attained the maximum at X units in 2021, and then fell dramatically in the following year.

In value terms, reel cutting slitter exports fell markedly to $X in 2022. In general, exports, however, continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 72% against the previous year. The exports peaked at $X in 2021, and then reduced remarkably in the following year.

Exports by Country

The United States (X units), Spain (X units) and France (X units) were the main destinations of reel cutting slitter exports from Belgium, together accounting for 44% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of +37.8%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for combined reel slitting and re-reeling cutting machines for paper and paperboard exports from Belgium, comprising 23% of total exports. The second position in the ranking was taken by France ($X), with an 8% share of total exports. It was followed by the Netherlands, with a 7.3% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +32.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-0.2% per year) and the Netherlands (-7.9% per year).

Export Prices by Country

In 2022, the average reel cutting slitter export price amounted to $X per unit, growing by 18% against the previous year. Overall, export price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +8.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, reel cutting slitter export price increased by +37.1% against 2019 indices. The pace of growth was the most pronounced in 2016 an increase of 40%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+13.7%), while the prices for the other major destinations experienced more modest paces of growth.

Reel Cutting Slitter Imports

Imports into Belgium

In 2022, after two years of growth, there was significant decline in purchases abroad of combined reel slitting and re-reeling cutting machines for paper and paperboard, when their volume decreased by -37% to X units. In general, imports recorded a perceptible reduction. The pace of growth was the most pronounced in 2017 when imports increased by 51%. As a result, imports attained the peak of X units. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, reel cutting slitter imports contracted remarkably to $X in 2022. Overall, imports recorded a perceptible decline. The pace of growth appeared the most rapid in 2021 with an increase of 49%. As a result, imports reached the peak of $X, and then contracted remarkably in the following year.

Imports by Country

Germany (X units), the Netherlands (X units) and China (X units) were the main suppliers of reel cutting slitter imports to Belgium, with a combined 73% share of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +32.0%), while purchases for the other leaders experienced a decline.

In value terms, the largest reel cutting slitter suppliers to Belgium were Germany ($X), Denmark ($X) and the Netherlands ($X), with a combined 60% share of total imports. China, Italy, the UK, the United States, France and Spain lagged somewhat behind, together comprising a further 32%.

In terms of the main suppliers, China, with a CAGR of +33.1%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average reel cutting slitter import price stood at $X per unit in 2022, reducing by -23.5% against the previous year. Overall, the import price saw a mild slump. The pace of growth was the most pronounced in 2018 an increase of 65%. The import price peaked at $X per unit in 2021, and then fell rapidly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Denmark ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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