United Arab Emirates: Reel Cutting Slitter Market 2024

Reel Cutting Slitter Market Size in the United Arab Emirates

The reel cutting slitter market in the United Arab Emirates declined sharply to $X in 2022, which is down by -36.8% against the previous year. Over the period under review, consumption, however, showed a strong increase. Reel cutting slitter consumption peaked at $X in 2021, and then reduced markedly in the following year.

Reel Cutting Slitter Production in the United Arab Emirates

In value terms, reel cutting slitter production contracted remarkably to $X in 2022 estimated in export price. Over the period under review, production faced a sharp setback. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Reel Cutting Slitter Exports

Exports from the United Arab Emirates

In 2022, overseas shipments of combined reel slitting and re-reeling cutting machines for paper and paperboard were finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. In general, exports recorded prominent growth. The pace of growth was the most pronounced in 2015 with an increase of 101% against the previous year. Over the period under review, the exports hit record highs at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, reel cutting slitter exports soared to $X in 2022. Over the period under review, exports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2018 with an increase of 148% against the previous year. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Bulgaria (X units) was the main destination for reel cutting slitter exports from the United Arab Emirates, with a 42% share of total exports. Moreover, reel cutting slitter exports to Bulgaria exceeded the volume sent to the second major destination, India (X units), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Bulgaria totaled +135.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+10.0% per year) and Tanzania (+0.8% per year).

In value terms, India ($X), Bulgaria ($X) and Tanzania ($X) appeared to be the largest markets for reel cutting slitter exported from the United Arab Emirates worldwide, with a combined 63% share of total exports.

Among the main countries of destination, Bulgaria, with a CAGR of +215.8%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average reel cutting slitter export price stood at $X per unit in 2022, growing by 74% against the previous year. Over the period under review, export price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.3% 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 export price decreased by -19.2% against 2019 indices. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was India ($X per unit), while the average price for exports to Tanzania ($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 Democratic Republic of the Congo (+54.5%), while the prices for the other major destinations experienced more modest paces of growth.

Reel Cutting Slitter Imports

Imports into the United Arab Emirates

After two years of growth, purchases abroad of combined reel slitting and re-reeling cutting machines for paper and paperboard decreased by -10.9% to X units in 2022. Over the period under review, imports, however, recorded a buoyant increase. The pace of growth appeared the most rapid in 2018 when imports increased by 209% against the previous year. As a result, imports reached the peak of X units. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, reel cutting slitter imports reduced rapidly to $X in 2022. In general, imports, however, posted a noticeable increase. The most prominent rate of growth was recorded in 2018 when imports increased by 327%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of reel cutting slitter to the United Arab Emirates, accounting for a 56% share of total imports. Moreover, reel cutting slitter imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), ninefold. Germany (X units) ranked third in terms of total imports with a 5.5% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +26.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+10.4% per year) and Germany (-0.7% per year).

In value terms, China ($X) constituted the largest supplier of combined reel slitting and re-reeling cutting machines for paper and paperboard to the United Arab Emirates, comprising 28% of total imports. The second position in the ranking was held by Italy ($X), with a 10% share of total imports. It was followed by Germany, with an 8.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +10.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+4.6% per year) and Germany (+1.2% per year).

Import Prices by Country

The average reel cutting slitter import price stood at $X per unit in 2022, shrinking by -12.3% against the previous year. In general, the import price recorded a pronounced descent. The pace of growth appeared the most rapid in 2021 an increase of 39%. Over the period under review, average import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 Sweden ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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