Sri Lanka: Reel Cutting Slitter Market 2024

Reel Cutting Slitter Exports

Exports from Sri Lanka

Reel cutting slitter exports from Sri Lanka was estimated at X units in 2022, approximately equating the year before. Over the period under review, exports saw a abrupt downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 300% against the previous year. Over the period under review, the exports reached 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 fell dramatically to $X in 2022. In general, exports continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2019 when exports increased by 1,151%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Singapore (X units) was the main destination for reel cutting slitter exports from Sri Lanka, accounting for a 75% share of total exports. Moreover, reel cutting slitter exports to Singapore exceeded the volume sent to the second major destination, the United Arab Emirates (X units), threefold.

From 2012 to 2022, the average annual growth rate of volume to Singapore was relatively modest.

In value terms, the largest markets for reel cutting slitter exported from Sri Lanka were the United Arab Emirates ($X), Singapore ($X) and Kenya ($X), with a combined 84% share of total exports.

Among the main countries of destination, the United Arab Emirates, with a CAGR of 0.0%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average reel cutting slitter export price stood at $X per unit in 2022, reducing by -59.3% against the previous year. In general, the export price showed a deep downturn. The growth pace was the most rapid in 2020 when the average export price increased by 96% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2016; however, from 2017 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 Ethiopia ($X per unit), while the average price for exports to Singapore ($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 (+15.0%), while the prices for the other major destinations experienced more modest paces of growth.

Reel Cutting Slitter Imports

Imports into Sri Lanka

In 2022, imports of combined reel slitting and re-reeling cutting machines for paper and paperboard into Sri Lanka shrank rapidly to X units, which is down by -74.9% compared with the year before. In general, imports saw a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 162% against the previous year. Over the period under review, imports reached the maximum at X units in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, reel cutting slitter imports declined significantly to $X in 2022. Over the period under review, imports saw a deep setback. The pace of growth was the most pronounced in 2021 when imports increased by 224%. Over the period under review, imports reached the maximum at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest reel cutting slitter supplier to Sri Lanka, accounting for a 77% share of total imports. Moreover, reel cutting slitter imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), more than tenfold. India (X units) ranked third in terms of total imports with a 5.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-27.3% per year) and India (-4.6% per year).

In value terms, China ($X) constituted the largest supplier of combined reel slitting and re-reeling cutting machines for paper and paperboard to Sri Lanka, comprising 76% of total imports. The second position in the ranking was held by Germany ($X), with a 6.8% share of total imports. It was followed by India, with a 5.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-25.1% per year) and India (-1.7% per year).

Import Prices by Country

The average reel cutting slitter import price stood at $X per unit in 2022, surging by 54% against the previous year. Over the period under review, import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, reel cutting slitter import price increased by +145.4% against 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Taiwan (Chinese) ($X per unit) and Germany ($X per unit), while the price for the United Arab Emirates ($X per unit) and Japan ($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 United Arab Emirates (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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