Hong Kong SAR, China: Reel Cutting Slitter Market 2024

Reel Cutting Slitter Market Size in Hong Kong SAR, China

In 2022, after three years of growth, there was significant decline in the Hong Kong reel cutting slitter market, when its value decreased by -5.3% to $X. Overall, consumption, however, saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Reel Cutting Slitter Production in Hong Kong SAR, China

In value terms, reel cutting slitter production shrank to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.8% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2018 with an increase of 11%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Reel Cutting Slitter Exports

Exports from Hong Kong SAR, China

In 2022, reel cutting slitter exports from Hong Kong SAR reduced rapidly to X units, waning by -43.5% compared with the previous year's figure. In general, exports recorded a deep reduction. The pace of growth appeared the most rapid in 2021 when exports increased by 51% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, reel cutting slitter exports contracted rapidly to $X in 2022. Overall, exports showed a deep slump. The pace of growth was the most pronounced in 2021 when exports increased by 67%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X units) was the main destination for reel cutting slitter exports from Hong Kong SAR, with a 68% share of total exports. Moreover, reel cutting slitter exports to China exceeded the volume sent to the second major destination, Vietnam (X units), sevenfold. India (X units) ranked third in terms of total exports with a 5.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to China totaled -14.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+9.1% per year) and India (-4.4% per year).

In value terms, China ($X) remains the key foreign market for combined reel slitting and re-reeling cutting machines for paper and paperboard exports from Hong Kong SAR, comprising 69% of total exports. The second position in the ranking was held by Vietnam ($X), with a 9.9% share of total exports. It was followed by India, with a 5.2% share.

From 2012 to 2022, the average annual growth rate of value to China amounted to -12.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+13.7% per year) and India (-2.5% per year).

Export Prices by Country

The average reel cutting slitter export price stood at $X per unit in 2022, which is down by -13.4% against the previous year. Over the last decade, it increased at an average annual rate of +3.0%. The pace of growth was the most pronounced in 2018 when the average export price increased by 17%. Over the period under review, the average export prices hit record highs at $X per unit in 2021, and then declined in the following year.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Vietnam ($X per unit) and India ($X per unit), while the average price for exports to Taiwan (Chinese) ($X per unit) and the United States ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bangladesh (+3.0%), while the prices for the other major destinations experienced more modest paces of growth.

Reel Cutting Slitter Imports

Imports into Hong Kong SAR, China

In 2022, approx. X units of combined reel slitting and re-reeling cutting machines for paper and paperboard were imported into Hong Kong SAR; waning by -38.4% against 2021. Overall, imports saw a deep contraction. The pace of growth appeared the most rapid in 2013 when imports increased by 65% against the previous year. As a result, imports reached the peak of X units. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, reel cutting slitter imports declined dramatically to $X in 2022. In general, imports saw a abrupt descent. The pace of growth appeared the most rapid in 2013 when imports increased by 70% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X units), Vietnam (X units) and Germany (X units) were the main suppliers of reel cutting slitter imports to Hong Kong SAR, with a combined 70% share of total imports. The United States, Thailand, Japan, Turkey and Switzerland lagged somewhat behind, together comprising a further 24%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of +13.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest reel cutting slitter suppliers to Hong Kong SAR were China ($X), Vietnam ($X) and Germany ($X), with a combined 71% share of total imports. These countries were followed by the United States, Thailand, Japan, Turkey, Switzerland and Taiwan (Chinese), which together accounted for a further 24%.

Thailand, with a CAGR of +14.4%, 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

The average reel cutting slitter import price stood at $X per unit in 2022, therefore, remained relatively stable against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.5%. The growth pace was the most rapid in 2014 when the average import price increased by 12% against the previous year. The import price peaked at $X per unit in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Japan ($X per unit) and Turkey ($X per unit), while the price for Taiwan (Chinese) ($X per unit) and Switzerland ($X per unit) were amongst the lowest.

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

Source: IndexBox Platform

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