Spain: Reel Cutting Slitter Market 2024

Reel Cutting Slitter Market Size in Spain

In 2022, the Spanish reel cutting slitter market was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. Over the period under review, consumption saw a significant expansion. Reel cutting slitter consumption peaked in 2022 and is likely to see steady growth in the near future.

Reel Cutting Slitter Production in Spain

In value terms, reel cutting slitter production skyrocketed to $X in 2022 estimated in export price. Over the period under review, the total production indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -23.4% against 2017 indices. The most prominent rate of growth was recorded in 2017 with an increase of 53% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Reel Cutting Slitter Exports

Exports from Spain

Reel cutting slitter exports from Spain shrank notably to X units in 2022, waning by -17% against the previous year's figure. Overall, exports saw a noticeable decline. The pace of growth was the most pronounced in 2020 with an increase of 70%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, reel cutting slitter exports fell dramatically to $X in 2022. In general, exports recorded a noticeable contraction. The pace of growth appeared the most rapid in 2020 with an increase of 47% against the previous year. The exports peaked at $X in 2021, and then contracted rapidly in the following year.

Exports by Country

China (X units) was the main destination for reel cutting slitter exports from Spain, accounting for a 26% 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), twofold. Portugal (X units) ranked third in terms of total exports with an 8.4% share.

From 2012 to 2022, the average annual growth rate of volume to China totaled -7.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+10.3% per year) and Portugal (+22.3% per year).

In value terms, the largest markets for reel cutting slitter exported from Spain were China ($X), the United States ($X) and Mexico ($X), with a combined 42% share of total exports. Austria, Italy, the UK, France, Portugal, Turkey, the Netherlands, Germany, Switzerland and Peru lagged somewhat behind, together accounting for a further 40%.

Austria, with a CAGR of +100.9%, saw the highest growth rate of the value of exports, in terms of the main countries of destination 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, falling by -4.1% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The pace of growth was the most pronounced in 2018 an increase of 18%. Over the period under review, the average export prices hit record highs at $X per unit in 2019; however, from 2020 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 Austria ($X per unit), while the average price for exports to Peru ($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 the United States (+7.4%), while the prices for the other major destinations experienced more modest paces of growth.

Reel Cutting Slitter Imports

Imports into Spain

In 2022, overseas purchases of combined reel slitting and re-reeling cutting machines for paper and paperboard increased by 4.6% to X units, rising for the second year in a row after two years of decline. Over the period under review, imports continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2013 with an increase of 54% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, reel cutting slitter imports amounted to $X in 2022. Overall, imports recorded a resilient increase. The most prominent rate of growth was recorded in 2013 with an increase of 84%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.

Imports by Country

China (X units), Italy (X units) and the Netherlands (X units) were the main suppliers of reel cutting slitter imports to Spain, together accounting for 69% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +68.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Italy ($X) and the United States ($X) were the largest reel cutting slitter suppliers to Spain, together accounting for 63% of total imports. These countries were followed by Germany, the Netherlands, Sweden, the Czech Republic, France, Austria and Portugal, which together accounted for a further 20%.

The Netherlands, with a CAGR of +46.1%, recorded the highest growth rate of 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, dropping by -3.5% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 25% against the previous year. The import price peaked 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 United States ($X per unit), while the price for Austria ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+15.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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