Greece: Reel Cutting Slitter Market 2024

Reel Cutting Slitter Market Size in Greece

The Greek reel cutting slitter market contracted notably to $X in 2022, which is down by -27% 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). Overall, consumption recorded a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2021, and then contracted notably in the following year.

Reel Cutting Slitter Exports

Exports from Greece

After two years of decline, overseas shipments of combined reel slitting and re-reeling cutting machines for paper and paperboard increased by 303% to X units in 2022. Over the period under review, exports, however, showed a noticeable slump. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, reel cutting slitter exports surged to $X in 2022. Overall, exports, however, recorded a abrupt slump. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Albania (X units), Turkey (X units) and India (X units) were the main destinations of reel cutting slitter exports from Greece, together comprising 69% 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 Albania (with a CAGR of +14.7%), while the other leaders experienced more modest paces of growth.

In value terms, Albania ($X), Turkey ($X) and India ($X) appeared to be the largest markets for reel cutting slitter exported from Greece worldwide, together accounting for 60% of total exports.

In terms of the main countries of destination, Albania, with a CAGR of +14.4%, 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

The average reel cutting slitter export price stood at $X per unit in 2022, declining by -19.8% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 110%. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to Spain ($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 Austria (+3.3%), while the prices for the other major destinations experienced a decline.

Reel Cutting Slitter Imports

Imports into Greece

In 2022, imports of combined reel slitting and re-reeling cutting machines for paper and paperboard into Greece contracted slightly to X units, which is down by -3.6% compared with 2021. In general, imports, however, continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 187%. Imports peaked at X units in 2021, and then declined in the following year.

In value terms, reel cutting slitter imports amounted to $X in 2022. Over the period under review, imports, however, recorded strong growth. The pace of growth appeared the most rapid in 2014 when imports increased by 175% against the previous year. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest reel cutting slitter supplier to Greece, accounting for a 57% share of total imports. Moreover, reel cutting slitter imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), threefold. Cyprus (X units) ranked third in terms of total imports with a 5.7% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +23.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+16.2% per year) and Cyprus (+20.9% per year).

In value terms, the largest reel cutting slitter suppliers to Greece were China ($X), Italy ($X) and Germany ($X), with a combined 77% share of total imports. The Netherlands, Cyprus and Ireland lagged somewhat behind, together accounting for a further 11%.

In terms of the main suppliers, Cyprus, with a CAGR of +33.9%, 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, growing by 6.5% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 50%. Over the period under review, average import prices attained the maximum at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 the Netherlands ($X per unit), while the price for Ireland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cyprus (+10.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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