Thailand: Reel Cutting Slitter Market 2024

Reel Cutting Slitter Exports

Exports from Thailand

In 2022, the amount of combined reel slitting and re-reeling cutting machines for paper and paperboard exported from Thailand surged to X units, jumping by 139% compared with 2021. Overall, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2015 when exports increased by 292%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, reel cutting slitter exports skyrocketed to $X in 2022. Over the period under review, exports enjoyed a significant expansion. The growth pace was the most rapid in 2015 when exports increased by 299%. The exports peaked in 2022 and are likely to continue growth in years to come.

Exports by Country

India (X units), South Korea (X units) and the United Arab Emirates (X units) were the main destinations of reel cutting slitter exports from Thailand, with a combined 51% share of total exports. China, the United States, Malaysia, the Netherlands, Hong Kong SAR, Turkey, the Philippines, Germany, Vietnam and Australia lagged somewhat behind, together comprising a further 41%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +311.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for reel cutting slitter exported from Thailand were the United States ($X), South Korea ($X) and the Netherlands ($X), together accounting for 42% of total exports.

In terms of the main countries of destination, the United States, with a CAGR of +137.0%, saw the highest growth rate of the value of exports, 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, which is down by -2.4% against the previous year. Overall, the export price continues to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2019 an increase of 54% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2020 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per unit), while the average price for exports to Turkey ($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 Arab Emirates (+10.9%), while the prices for the other major destinations experienced more modest paces of growth.

Reel Cutting Slitter Imports

Imports into Thailand

In 2022, overseas purchases of combined reel slitting and re-reeling cutting machines for paper and paperboard increased by 8.1% to X units, rising for the second year in a row after four years of decline. Over the period under review, imports, however, saw a perceptible setback. The most prominent rate of growth was recorded in 2015 when imports increased by 45%. Imports peaked at X units in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, reel cutting slitter imports totaled $X in 2022. Overall, imports, however, saw a pronounced decrease. The growth pace was the most rapid in 2021 when imports increased by 15%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of reel cutting slitter to Thailand, accounting for a 59% share of total imports. Moreover, reel cutting slitter imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), fourfold. Taiwan (Chinese) (X units) ranked third in terms of total imports with a 9.7% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +4.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-10.5% per year) and Taiwan (Chinese) (-6.8% per year).

In value terms, China ($X) constituted the largest supplier of combined reel slitting and re-reeling cutting machines for paper and paperboard to Thailand, comprising 62% of total imports. The second position in the ranking was taken by Japan ($X), with a 9.3% share of total imports. It was followed by Taiwan (Chinese), with a 9.1% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +6.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-12.8% per year) and Taiwan (Chinese) (-5.8% per year).

Import Prices by Country

The average reel cutting slitter import price stood at $X per unit in 2022, falling by -2% against the previous year. Overall, import price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.7% 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 +94.2% against 2016 indices. The most prominent rate of growth was recorded in 2019 when the average import price increased by 34%. The import price peaked at $X per unit in 2021, and then dropped slightly in the following year.

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 Germany ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+20.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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