Germany: Reel Cutting Slitter Market 2024

Reel Cutting Slitter Market Size in Germany

In 2022, the German reel cutting slitter market decreased by -96.2% to $X, falling for the second year in a row after three years of growth. Overall, consumption continues to indicate a sharp downturn. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Reel Cutting Slitter Production in Germany

In value terms, reel cutting slitter production expanded notably to $X in 2022 estimated in export price. Overall, production showed a deep contraction. The pace of growth was the most pronounced in 2013 when the production volume increased by 14% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Reel Cutting Slitter Exports

Exports from Germany

In 2022, overseas shipments of combined reel slitting and re-reeling cutting machines for paper and paperboard increased by 1% to X units, rising for the second consecutive year after three years of decline. In general, exports, however, showed a perceptible reduction. The most prominent rate of growth was recorded in 2017 with an increase of 13% against the previous year. Over the period under review, the exports reached the maximum at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, reel cutting slitter exports shrank modestly to $X in 2022. Over the period under review, exports, however, recorded a pronounced contraction. The most prominent rate of growth was recorded in 2017 with an increase of 29%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

China (X units) was the main destination for reel cutting slitter exports from Germany, with a 27% share of total exports. Moreover, reel cutting slitter exports to China exceeded the volume sent to the second major destination, the United States (X units), threefold. India (X units) ranked third in terms of total exports with an 8.6% share.

From 2012 to 2022, the average annual growth rate of volume to China totaled +2.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-1.7% per year) and India (+7.1% per year).

In value terms, China ($X) remains the key foreign market for combined reel slitting and re-reeling cutting machines for paper and paperboard exports from Germany, comprising 28% of total exports. The second position in the ranking was held by the United States ($X), with a 12% share of total exports. It was followed by India, with a 10% share.

From 2012 to 2022, the average annual growth rate of value to China was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+1.7% per year) and India (+13.2% per year).

Export Prices by Country

The average reel cutting slitter export price stood at $X per unit in 2022, dropping by -2.4% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 14%. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Turkey ($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 India (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.

Reel Cutting Slitter Imports

Imports into Germany

Reel cutting slitter imports into Germany declined to X units in 2022, which is down by -8.9% on the previous year. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 31%. Over the period under review, imports hit record highs at X units in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, reel cutting slitter imports contracted to $X in 2022. Overall, total imports indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +53.2% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 59% against the previous year. As a result, imports attained the peak of $X, and then dropped in the following year.

Imports by Country

In 2022, China (X units) constituted the largest reel cutting slitter supplier to Germany, with a 35% share of total imports. Moreover, reel cutting slitter imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X units), twofold. The Czech Republic (X units) ranked third in terms of total imports with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at -2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+41.4% per year) and the Czech Republic (-2.2% per year).

In value terms, China ($X), the United States ($X) and Italy ($X) constituted the largest reel cutting slitter suppliers to Germany, together accounting for 53% of total imports. Switzerland, South Korea, the Czech Republic, Poland, the UK, Spain and Taiwan (Chinese) lagged somewhat behind, together comprising a further 36%.

In terms of the main suppliers, South Korea, with a CAGR of +26.2%, saw the highest growth rate of 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

In 2022, the average reel cutting slitter import price amounted to $X per unit, growing by 3% against the previous year. Over the last decade, it increased at an average annual rate of +3.1%. The most prominent rate of growth was recorded in 2021 an increase of 21%. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in years to come.

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 Spain ($X per unit), while the price for the Czech Republic ($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 (+11.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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