Asia: Reel Cutting Slitter Market 2024

Reel Cutting Slitter Market Size in Asia

The Asian reel cutting slitter market contracted to $X.7B in 2022, falling by X% against the previous year. In general, consumption, however, recorded a significant expansion. Over the period under review, the market reached the maximum level at $X.1B in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Reel Cutting Slitter Production in Asia

In value terms, reel cutting slitter production contracted modestly to $X.5B in 2022 estimated in export price. Overall, production, however, posted significant growth. The growth pace was the most rapid in 2013 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X.7B in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Reel Cutting Slitter Exports

Exports in Asia

In 2022, shipments abroad of combined reel slitting and re-reeling cutting machines for paper and paperboard decreased by X% to X units for the first time since 2016, thus ending a five-year rising trend. Over the period under review, exports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X units in 2021, and then shrank in the following year.

In value terms, reel cutting slitter exports shrank notably to $X in 2022. In general, exports, however, posted a remarkable increase. The pace of growth was the most pronounced in 2013 when exports increased by X%. The level of export peaked at $X in 2021, and then fell dramatically in the following year.

Exports by Country

China prevails in exports structure, resulting at X units, which was approx. X% of total exports in 2022. It was distantly followed by Taiwan (Chinese) (X units), committing a X% share of total exports. Japan (X units), South Korea (X units), Vietnam (X units), Turkey (X units) and Thailand (X units) took a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to reel cutting slitter exports from China stood at X%. At the same time, Vietnam (X%), Thailand (X%), Turkey (X%), South Korea (X%) and Taiwan (Chinese) (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. By contrast, Japan (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China and Vietnam increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest reel cutting slitter supplier in Asia, comprising X% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a X% share of total exports. It was followed by Japan, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China totaled X%. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (X% per year) and Japan (X% per year).

Export Prices by Country

The export price in Asia stood at $X per unit in 2022, which is down by X% against the previous year. In general, the export price saw a abrupt slump. The most prominent rate of growth was recorded in 2015 an increase of X%. The level of export peaked 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 origin: amid the top suppliers, the country with the highest price was Vietnam ($X per unit), while China ($X per unit) was amongst the lowest.

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

Reel Cutting Slitter Imports

Imports in Asia

In 2022, purchases abroad of combined reel slitting and re-reeling cutting machines for paper and paperboard increased by X% to X units, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

In value terms, reel cutting slitter imports fell modestly to $X in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units), distantly followed by Turkey (X units), India (X units), Indonesia (X units) and South Korea (X units) represented the main importers of combined reel slitting and re-reeling cutting machines for paper and paperboard, together constituting X% of total imports. Vietnam (X units), Thailand (X units), Cambodia (X units), the United Arab Emirates (X units), Iran (X units), Japan (X units), Bangladesh (X units) and Malaysia (X units) followed a long way behind the leaders.

China experienced a relatively flat trend pattern with regard to volume of imports of combined reel slitting and re-reeling cutting machines for paper and paperboard. At the same time, Cambodia (X%), South Korea (X%), Iran (X%), the United Arab Emirates (X%), Turkey (X%), Vietnam (X%), India (X%), Bangladesh (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2022. By contrast, Thailand (X%), Japan (X%) and Indonesia (X%) illustrated a downward trend over the same period. While the share of Turkey (X p.p.), South Korea (X p.p.), Cambodia (X p.p.), Iran (X p.p.) and the United Arab Emirates (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Japan (X p.p.), Thailand (X p.p.), China (X p.p.) and Indonesia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest reel cutting slitter importing markets in Asia were India ($X), China ($X) and Turkey ($X), together comprising X% of total imports. Vietnam, Thailand, Indonesia, Malaysia, Japan, South Korea, the United Arab Emirates, Iran, Bangladesh and Cambodia lagged somewhat behind, together accounting for a further X%.

Cambodia, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia amounted to $X per unit, falling by X% against the previous year. In general, the import price recorded a pronounced setback. The growth pace was the most rapid in 2014 an increase of X% against the previous year. The level of import peaked at $X per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Malaysia ($X per unit), while Cambodia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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