Croatia: Reel Cutting Slitter Market 2024

Reel Cutting Slitter Market Size in Croatia

The Croatian reel cutting slitter market contracted to $X in 2022, waning by -5.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, recorded a prominent expansion. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Reel Cutting Slitter Exports

Exports from Croatia

In 2022, the amount of combined reel slitting and re-reeling cutting machines for paper and paperboard exported from Croatia reduced dramatically to X units, waning by -16.5% compared with the previous year. Over the period under review, exports recorded a mild decline. The most prominent rate of growth was recorded in 2021 with an increase of 83%. Over the period under review, the exports hit record highs at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, reel cutting slitter exports shrank notably to $X in 2022. Overall, exports, however, showed a remarkable increase. The pace of growth appeared the most rapid in 2018 when exports increased by 149%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Serbia (X units), Bosnia and Herzegovina (X units) and Slovenia (X units) were the main destinations of reel cutting slitter exports from Croatia, together accounting for 85% 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 Serbia (with a CAGR of +22.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for reel cutting slitter exported from Croatia were Serbia ($X), Bosnia and Herzegovina ($X) and Slovenia ($X), together accounting for 73% of total exports.

In terms of the main countries of destination, Bosnia and Herzegovina, with a CAGR of +14.9%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average reel cutting slitter export price amounted to $X per unit, with a decrease of -9.1% against the previous year. Over the period under review, the export price, however, posted buoyant growth. The pace of growth appeared the most rapid in 2013 an increase of 79% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 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 the Philippines ($X per unit), while the average price for exports to Serbia ($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 the Philippines (+4,179.2%), while the prices for the other major destinations experienced more modest paces of growth.

Reel Cutting Slitter Imports

Imports into Croatia

In 2022, imports of combined reel slitting and re-reeling cutting machines for paper and paperboard into Croatia reduced to X units, with a decrease of -12.5% against the previous year's figure. In general, imports, however, showed a perceptible increase. The most prominent rate of growth was recorded in 2014 when imports increased by 244% against the previous year. As a result, imports attained the peak of X units. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, reel cutting slitter imports declined to $X in 2022. Over the period under review, imports, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2014 with an increase of 300% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

China (X units), Slovenia (X units) and Germany (X units) were the main suppliers of reel cutting slitter imports to Croatia, with a combined 60% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Slovenia (with a CAGR of +43.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Slovenia ($X), China ($X) and Italy ($X) appeared to be the largest reel cutting slitter suppliers to Croatia, with a combined 66% share of total imports. These countries were followed by Germany, Austria, Slovakia, Turkey, Serbia, Bosnia and Herzegovina and Taiwan (Chinese), which together accounted for a further 24%.

Austria, with a CAGR of +69.0%, saw 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 more modest paces of growth.

Import Prices by Country

In 2022, the average reel cutting slitter import price amounted to $X per unit, rising by 4.3% against the previous year. In general, import price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +5.8% 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 import price increased by +32.9% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by 50%. Over the period under review, average import prices reached the maximum at $X per unit in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for Bosnia and Herzegovina ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Serbia (+12.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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