Finland: Reel Cutting Slitter Market 2024

Reel Cutting Slitter Market Size in Finland

The Finnish reel cutting slitter market rose sharply to $X in 2022, picking up by 6.6% against the previous year. The market value increased at an average annual rate of +1.2% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Reel Cutting Slitter Production in Finland

In value terms, reel cutting slitter production expanded modestly to $X in 2022 estimated in export price. In general, production, however, showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 13%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Reel Cutting Slitter Exports

Exports from Finland

In 2022, reel cutting slitter exports from Finland contracted remarkably to X units, shrinking by -34.1% compared with the year before. In general, exports faced a abrupt descent. The most prominent rate of growth was recorded in 2017 with an increase of 198% against the previous year. Over the period under review, the exports attained the maximum at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, reel cutting slitter exports shrank sharply to $X in 2022. Overall, exports recorded a deep downturn. The growth pace was the most rapid in 2017 when exports increased by 206% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Malaysia (X units) was the main destination for reel cutting slitter exports from Finland, accounting for a 89% share of total exports. Moreover, reel cutting slitter exports to Malaysia exceeded the volume sent to the second major destination, India (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Malaysia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+12.4% per year) and the United States (-35.2% per year).

In value terms, Malaysia ($X) emerged as the key foreign market for combined reel slitting and re-reeling cutting machines for paper and paperboard exports from Finland, comprising 88% of total exports. The second position in the ranking was held by India ($X), with a 1% share of total exports. It was followed by the United States, with a 0.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Malaysia amounted to +432.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+11.8% per year) and the United States (-36.9% per year).

Export Prices by Country

The average reel cutting slitter export price stood at $X per unit in 2022, shrinking by -2.4% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average export price increased by 74%. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

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 the United States ($X per unit), while the average price for exports to India ($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 Russia (+5.8%), while the prices for the other major destinations experienced a decline.

Reel Cutting Slitter Imports

Imports into Finland

In 2022, supplies from abroad of combined reel slitting and re-reeling cutting machines for paper and paperboard increased by 0.2% to X units, rising for the second consecutive year after two years of decline. Overall, imports showed a pronounced expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 209%. As a result, imports attained the peak of X units. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, reel cutting slitter imports dropped notably to $X in 2022. In general, imports, however, showed a abrupt contraction. The pace of growth was the most pronounced in 2018 when imports increased by 204% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Estonia (X units) constituted the largest supplier of reel cutting slitter to Finland, accounting for a 62% share of total imports. Moreover, reel cutting slitter imports from Estonia exceeded the figures recorded by the second-largest supplier, China (X units), twofold. Turkey (X units) ranked third in terms of total imports with a 2.6% share.

From 2012 to 2022, the average annual growth rate of volume from Estonia stood at +120.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+13.9% per year) and Turkey (-23.5% per year).

In value terms, China ($X) constituted the largest supplier of combined reel slitting and re-reeling cutting machines for paper and paperboard to Finland, comprising 32% of total imports. The second position in the ranking was taken by Estonia ($X), with a 15% share of total imports. It was followed by Denmark, with a 6.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +16.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Estonia (+123.3% per year) and Denmark (+8.3% per year).

Import Prices by Country

In 2022, the average reel cutting slitter import price amounted to $X per unit, waning by -30% against the previous year. In general, the import price recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2016 when the average import price increased by 17% against the previous year. As a result, import price attained the peak level of $X per unit. From 2017 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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