Luxembourg: Reel Cutting Slitter Market 2024

Reel Cutting Slitter Market Size in Luxembourg

In 2022, the Luxembourg reel cutting slitter market decreased by -84.6% to $X, falling for the second year in a row after two years of growth. Over the period under review, consumption faced a sharp downturn. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Reel Cutting Slitter Exports

Exports from Luxembourg

In 2022, shipments abroad of combined reel slitting and re-reeling cutting machines for paper and paperboard decreased by -2% to X units, falling for the second consecutive year after four years of growth. Over the period under review, exports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2013 when exports increased by 1,250% against the previous year. The exports peaked at X units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, reel cutting slitter exports contracted to $X in 2022. Overall, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2018 with an increase of 1,320%. Over the period under review, the exports attained the peak figure at $X in 2021, and then dropped in the following year.

Exports by Country

France (X units) was the main destination for reel cutting slitter exports from Luxembourg, accounting for a 69% share of total exports. Moreover, reel cutting slitter exports to France exceeded the volume sent to the second major destination, Ireland (X units), threefold.

From 2012 to 2022, the average annual growth rate of volume to France totaled +52.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (-27.2% per year) and Spain (-17.5% per year).

In value terms, Ireland ($X) emerged as the key foreign market for combined reel slitting and re-reeling cutting machines for paper and paperboard exports from Luxembourg, comprising 71% of total exports. The second position in the ranking was held by France ($X), with a 17% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Ireland totaled +27.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+63.3% per year) and Spain (-2.8% per year).

Export Prices by Country

In 2022, the average reel cutting slitter export price amounted to $X per unit, reducing by -6.9% against the previous year. Over the period under review, the export price faced a drastic downturn. The pace of growth was the most pronounced in 2018 when the average export price increased by 243% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per unit), while the average price for exports to France ($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 Ireland (+74.9%), while the prices for the other major destinations experienced more modest paces of growth.

Reel Cutting Slitter Imports

Imports into Luxembourg

Reel cutting slitter imports into Luxembourg surged to X units in 2022, with an increase of 131% on 2021 figures. Over the period under review, imports posted a measured expansion. The most prominent rate of growth was recorded in 2020 with an increase of 198% against the previous year. As a result, imports attained the peak of X units. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, reel cutting slitter imports declined slightly to $X in 2022. Overall, imports, however, saw a deep slump. The pace of growth was the most pronounced in 2020 with an increase of 617% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Belgium (X units), Germany (X units) and China (X units) were the main suppliers of reel cutting slitter imports to Luxembourg, together comprising 43% of total imports.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +13.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X) constituted the largest supplier of combined reel slitting and re-reeling cutting machines for paper and paperboard to Luxembourg, comprising 18% of total imports. The second position in the ranking was held by Germany ($X), with a 4.8% share of total imports. It was followed by China, with a 2.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Belgium was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-15.5% per year) and China (-9.9% per year).

Import Prices by Country

In 2022, the average reel cutting slitter import price amounted to $X per unit, waning by -57.8% against the previous year. Overall, the import price continues to indicate a abrupt slump. The pace of growth appeared the most rapid in 2020 when the average import price increased by 141%. As a result, import price reached the peak level of $X per unit. From 2021 to 2022, the average 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 Belgium ($X per unit), while the price for Taiwan (Chinese) ($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 (-11.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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