Global Reel Cutting Slitter Market 2024

Reel Cutting Slitter Market Size

In 2022, the global reel cutting slitter market decreased by -12.6% to $X, falling for the third year in a row after three years of growth. Over the period under review, consumption showed a slight contraction. Over the period under review, the global market hit record highs at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Reel Cutting Slitter Production

In value terms, reel cutting slitter production expanded to $X in 2022 estimated in export price. Over the period under review, production saw a mild downturn. The pace of growth was the most pronounced in 2020 with an increase of 7.5% against the previous year. Over the period under review, global production attained the maximum level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Reel Cutting Slitter Exports

Exports

In 2022, after five years of growth, there was significant decline in shipments abroad of combined reel slitting and re-reeling cutting machines for paper and paperboard, when their volume decreased by -6.9% to X units. In general, total exports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +72.8% against 2016 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 22% against the previous year. Over the period under review, the global exports reached the peak figure at X units in 2021, and then declined in the following year.

In value terms, reel cutting slitter exports dropped to $X in 2022. Over the period under review, total exports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +65.4% against 2016 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 22%. As a result, the exports reached the peak of $X, and then dropped in the following year.

Exports by Country

In 2022, China (X units) was the main exporter of combined reel slitting and re-reeling cutting machines for paper and paperboard, committing 43% of total exports. Germany (X units) held an 11% share (based on physical terms) of total exports, which put it in second place, followed by Italy (7.5%) and Malaysia (4.7%). The Netherlands (X units), Taiwan (Chinese) (X units), the UK (X units), Spain (X units), the United States (X units) and Japan (X units) took a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to reel cutting slitter exports from China stood at +21.8%. At the same time, Malaysia (+49.5%), the Netherlands (+14.5%) and Italy (+5.0%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in the world, with a CAGR of +49.5% from 2012-2022. Taiwan (Chinese) experienced a relatively flat trend pattern. By contrast, the UK (-1.2%), the United States (-1.3%), Germany (-2.5%), Spain (-3.7%) and Japan (-7.4%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China, Malaysia and the Netherlands increased by +32, +4.5 and +2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest reel cutting slitter supplying countries worldwide were China ($X), Germany ($X) and Italy ($X), together accounting for 48% of global exports. These countries were followed by Malaysia, the United States, the Netherlands, Spain, the UK, Japan and Taiwan (Chinese), which together accounted for a further 31%.

In terms of the main exporting countries, Malaysia, with a CAGR of +55.5%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average reel cutting slitter export price amounted to $X per unit, surging by 2% against the previous year. In general, the export price, however, showed a mild curtailment. The pace of growth appeared the most rapid in 2017 when the average export price increased by 5.3%. 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 stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+6.2%), while the other global leaders experienced more modest paces of growth.

Reel Cutting Slitter Imports

Imports

In 2022, purchases abroad of combined reel slitting and re-reeling cutting machines for paper and paperboard decreased by -5.3% to X units, falling for the third year in a row after three years of growth. Over the period under review, imports, however, saw a moderate expansion. The pace of growth was the most pronounced in 2018 with an increase of 83%. Global imports peaked at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, reel cutting slitter imports shrank dramatically to $X in 2022. Overall, total imports indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 24%. As a result, imports attained the peak of $X, and then declined sharply in the following year.

Imports by Country

The United States was the main importing country with an import of about X units, which accounted for 25% of total imports. Nigeria (X units) held an 8.1% share (based on physical terms) of total imports, which put it in second place, followed by China (6.5%) and Russia (4.7%). The following importers - Vietnam (X units), Turkey (X units), India (X units), Indonesia (X units), Germany (X units), France (X units), Canada (X units), the UK (X units) and Mexico (X units) - together made up 24% of total imports.

From 2012 to 2022, average annual rates of growth with regard to reel cutting slitter imports into the United States stood at +12.6%. At the same time, Nigeria (+26.1%), Vietnam (+16.7%), Turkey (+11.1%), Russia (+7.0%), India (+4.2%), France (+3.9%), Canada (+3.7%) and Mexico (+3.3%) displayed positive paces of growth. Moreover, Nigeria emerged as the fastest-growing importer imported in the world, with a CAGR of +26.1% from 2012-2022. The UK, China and Germany experienced a relatively flat trend pattern. By contrast, Indonesia (-6.1%) illustrated a downward trend over the same period. The United States (+13 p.p.), Nigeria (+6.9 p.p.), Vietnam (+3 p.p.) and Turkey (+1.6 p.p.) significantly strengthened its position in terms of the global imports, while China and Indonesia saw its share reduced by -3.4% and -5% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported combined reel slitting and re-reeling cutting machines for paper and paperboard worldwide, comprising 26% of global imports. The second position in the ranking was held by India ($X), with a 4.8% share of global imports. It was followed by Germany, with a 3.7% share.

In the United States, reel cutting slitter imports increased at an average annual rate of +9.5% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: India (+6.6% per year) and Germany (+2.8% per year).

Import Prices by Country

The average reel cutting slitter import price stood at $X per unit in 2022, with a decrease of -16.2% against the previous year. Overall, the import price continues to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2021 an increase of 77%. Global import price peaked at $X per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per unit), while Nigeria ($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 UK (+3.7%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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