China: Reel Cutting Slitter Market 2024

Reel Cutting Slitter Market Size in China

The Chinese reel cutting slitter market dropped slightly to $X.6B in 2022, declining by X% against the previous year. Overall, consumption, however, recorded a significant increase. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Reel Cutting Slitter Production in China

In value terms, reel cutting slitter production declined modestly to $X.2B in 2022 estimated in export price. Over the period under review, production, however, posted significant growth. The pace of growth was the most pronounced in 2013 when the production volume increased by X% against the previous year. Reel cutting slitter production peaked at $X.1B in 2019; however, from 2020 to 2022, production failed to regain momentum.

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Reel Cutting Slitter Exports

Exports from China

In 2022, after seven years of growth, there was decline in overseas shipments of combined reel slitting and re-reeling cutting machines for paper and paperboard, when their volume decreased by X% to X units. Over the period under review, exports, however, saw a significant expansion. The pace of growth was the most pronounced in 2019 with an increase of X%. Over the period under review, the exports hit record highs at X units in 2021, and then reduced in the following year.

In value terms, reel cutting slitter exports shrank markedly to $X in 2022. Overall, exports, however, recorded buoyant growth. The pace of growth was the most pronounced in 2013 when exports increased by X%. The exports peaked at $X in 2021, and then declined significantly in the following year.

Exports by Country

Vietnam (X units), India (X units) and the United States (X units) were the main destinations of reel cutting slitter exports from China, together accounting for X% of total exports. Indonesia, Russia, Malaysia, South Korea, Turkey, Thailand, Mexico, Italy, Australia and the UK lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), India ($X) and the United States ($X) were the largest markets for reel cutting slitter exported from China worldwide, with a combined X% share of total exports. Malaysia, Russia, Indonesia, Australia, Thailand, South Korea, Italy, the UK, Turkey and Mexico lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Italy, with a CAGR of X%, 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 more modest paces of growth.

Export Prices by Country

The average reel cutting slitter export price stood at $X per unit in 2022, reducing by X% against the previous year. Over the period under review, the export price showed a abrupt contraction. The pace of growth was the most pronounced in 2013 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per unit), while the average price for exports to Indonesia ($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 Australia (X%), while the prices for the other major destinations experienced a decline.

Reel Cutting Slitter Imports

Imports into China

In 2022, after two years of growth, there was significant decline in overseas purchases of combined reel slitting and re-reeling cutting machines for paper and paperboard, when their volume decreased by X% to X units. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X units, and then reduced rapidly in the following year.

In value terms, reel cutting slitter imports declined sharply to $X in 2022. Over the period under review, imports showed a abrupt descent. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Germany (X units) constituted the largest reel cutting slitter supplier to China, with a X% share of total imports. Moreover, reel cutting slitter imports from Germany exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), twofold. The third position in this ranking was taken by Spain (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Germany totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and Spain (X% per year).

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

From 2012 to 2022, the average annual rate of growth in terms of value from Germany stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and Finland (X% per year).

Import Prices by Country

In 2022, the average reel cutting slitter import price amounted to $X per unit, declining by X% against the previous year. In general, the import price showed a abrupt downturn. The growth pace was the most rapid in 2014 an increase of X%. The import price peaked at $X per unit in 2016; however, from 2017 to 2022, import prices remained at a 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 the United States ($X per unit), while the price for Taiwan (Chinese) ($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 prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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