India: Reel Cutting Slitter Market 2024

Reel Cutting Slitter Exports

Exports from India

In 2022, approx. X units of combined reel slitting and re-reeling cutting machines for paper and paperboard were exported from India; jumping by 76% compared with 2021. Overall, exports posted prominent growth. The growth pace was the most rapid in 2017 when exports increased by 88% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, reel cutting slitter exports skyrocketed to $X in 2022. Over the period under review, exports recorded prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of 94% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

The United Arab Emirates (X units), Italy (X units) and Oman (X units) were the main destinations of reel cutting slitter exports from India, together accounting for 70% 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 Italy (with a CAGR of +29.7%), while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) remains the key foreign market for combined reel slitting and re-reeling cutting machines for paper and paperboard exports from India, comprising 44% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 9.8% share of total exports. It was followed by Nepal, with a 4.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Italy stood at +31.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+25.3% per year) and Nepal (+9.6% per year).

Export Prices by Country

The average reel cutting slitter export price stood at $X per unit in 2022, which is down by -29.5% against the previous year. Over the period under review, the export price continues to indicate a mild setback. The growth pace was the most rapid in 2018 an increase of 24% against the previous year. 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 ($X per unit), while the average price for exports to Oman ($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 Kenya (+1.6%), while the prices for the other major destinations experienced more modest paces of growth.

Reel Cutting Slitter Imports

Imports into India

In 2022, purchases abroad of combined reel slitting and re-reeling cutting machines for paper and paperboard increased by 28% to X units, rising for the second consecutive year after three years of decline. In general, total imports indicated pronounced growth from 2012 to 2022: its volume increased at an average annual rate of +4.2% 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 +79.4% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 41%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, reel cutting slitter imports soared to $X in 2022. Over the period under review, imports recorded a buoyant expansion. The growth pace was the most rapid in 2017 with an increase of 45% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

China (X units), Germany (X units) and Italy (X units) were the main suppliers of reel cutting slitter imports to India, together comprising 65% of total imports. These countries were followed by Belgium, the UK, Taiwan (Chinese), Japan, South Korea, the United States, the United Arab Emirates, Switzerland and Spain, which together accounted for a further 29%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +93.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest reel cutting slitter suppliers to India were China ($X), Germany ($X) and Italy ($X), with a combined 65% share of total imports. Belgium, the UK, Taiwan (Chinese), Japan, South Korea, the United States, Switzerland, Spain and the United Arab Emirates lagged somewhat behind, together accounting for a further 29%.

Belgium, with a CAGR of +100.1%, recorded the highest rates of growth with regard to the value of imports, among 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, leveling off at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.3%. The most prominent rate of growth was recorded in 2018 when the average import price increased by 13%. As a result, import price attained the peak level of $X per unit. From 2019 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+1.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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