GCC: Reel Cutting Slitter Market 2024

Reel Cutting Slitter Market Size in GCC

The GCC reel cutting slitter market shrank to $X in 2022, with a decrease of X% against the previous year. Over the period under review, consumption, however, saw a significant expansion. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Reel Cutting Slitter Production in GCC

In value terms, reel cutting slitter production dropped slightly to $X in 2022 estimated in export price. In general, production, however, recorded a significant increase. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Reel Cutting Slitter Exports

Exports in GCC

In 2022, overseas shipments of combined reel slitting and re-reeling cutting machines for paper and paperboard decreased by X% to X units, falling for the fourth year in a row after two years of growth. Overall, exports, however, continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2018 when exports increased by X%. As a result, the exports attained the peak of X units. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, reel cutting slitter exports expanded modestly to $X in 2022. In general, exports, however, showed a prominent expansion. The growth pace was the most rapid in 2018 when exports increased by X%. The level of export peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates dominates exports structure, finishing at X units, which was near X% of total exports in 2022. The following exporters - Kuwait (X units) and Saudi Arabia (X units) - each resulted at an X% share of total exports.

Exports from the United Arab Emirates increased at an average annual rate of X% from 2012 to 2022. At the same time, Kuwait (X%) and Saudi Arabia (X%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing exporter exported in GCC, with a CAGR of X% from 2012-2022. While the share of the United Arab Emirates (X p.p.) and Kuwait (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest reel cutting slitter supplier in GCC, comprising X% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a X% share of total exports.

In the United Arab Emirates, reel cutting slitter exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Saudi Arabia (X% per year) and Kuwait (X% per year).

Export Prices by Country

The export price in GCC stood at $X per unit in 2022, jumping by X% against the previous year. Overall, the export price enjoyed a buoyant increase. The growth pace was the most rapid in 2018 an increase of X%. The level of export peaked in 2022 and is likely to see steady growth in years to come.

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 Arab Emirates ($X per unit), while Kuwait ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (X%), while the other leaders experienced mixed trends in the export price figures.

Reel Cutting Slitter Imports

Imports in GCC

Reel cutting slitter imports soared to X units in 2022, growing by X% on 2021 figures. Over the period under review, imports recorded resilient growth. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, imports attained the peak of X units. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, reel cutting slitter imports soared to $X in 2022. Overall, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 when imports increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

In 2022, the United Arab Emirates (X units) represented the main importer of combined reel slitting and re-reeling cutting machines for paper and paperboard, making up X% of total imports. Kuwait (X units) held the second position in the ranking, followed by Qatar (X units) and Oman (X units). All these countries together took approx. X% share of total imports. Bahrain (X units) took a minor share of total imports.

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

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported combined reel slitting and re-reeling cutting machines for paper and paperboard in GCC, comprising X% of total imports. The second position in the ranking was taken by Kuwait ($X), with a X% share of total imports. It was followed by Qatar, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Kuwait (X% per year) and Qatar (X% per year).

Import Prices by Country

In 2022, the import price in GCC amounted to $X per unit, with a decrease of X% against the previous year. Over the period under review, the import price continues to indicate a deep setback. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. The level of import peaked 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 importing countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($X per unit), while Qatar ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bahrain (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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