Kuwait: Reel Cutting Slitter Market 2024

Reel Cutting Slitter Market Size in Kuwait

After three years of growth, the Kuwaiti reel cutting slitter market decreased by X% to $X in 2022. Over the period under review, consumption, however, saw a significant increase. Reel cutting slitter consumption peaked at $X in 2021, and then dropped dramatically in the following year.

Reel Cutting Slitter Production in Kuwait

In value terms, reel cutting slitter production shrank slightly to $X in 2022 estimated in export price. In general, production, however, recorded a significant expansion. The growth pace was the most rapid in 2016 when the production volume increased by X%. Reel cutting slitter production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

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Reel Cutting Slitter Exports

Exports from Kuwait

In 2022, after four years of growth, there was significant 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. Overall, exports, however, saw a buoyant increase. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X units in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, reel cutting slitter exports reduced remarkably to $X in 2022. In general, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2021, and then shrank markedly in the following year.

Exports by Country

Qatar (X units) was the main destination for reel cutting slitter exports from Kuwait, accounting for a X% share of total exports. Moreover, reel cutting slitter exports to Qatar exceeded the volume sent to the second major destination, Saudi Arabia (X units), sevenfold. The third position in this ranking was held by the United Arab Emirates (X units), with a X% share.

From 2013 to 2022, the average annual growth rate of volume to Qatar stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (X% per year) and the United Arab Emirates (X% per year).

In value terms, Qatar ($X) emerged as the key foreign market for combined reel slitting and re-reeling cutting machines for paper and paperboard exports from Kuwait, comprising X% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with a X% share.

From 2013 to 2022, the average annual growth rate of value to Qatar totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

The average reel cutting slitter export price stood at $X per unit in 2022, declining by X% against the previous year. In general, the export price, however, posted buoyant growth. The pace of growth appeared the most rapid in 2019 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per unit in 2021, and then dropped significantly in the following year.

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 Saudi Arabia ($X per unit), while the average price for exports to Oman ($X per unit) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (X%), while the prices for the other major destinations experienced more modest paces of growth.

Reel Cutting Slitter Imports

Imports into Kuwait

Reel cutting slitter imports into Kuwait surged to X units in 2022, rising by X% compared with the year before. Overall, imports showed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, reel cutting slitter imports skyrocketed to $X in 2022. In general, imports showed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X units), Italy (X units) and Malaysia (X units) were the main suppliers of reel cutting slitter imports to Kuwait, together accounting for X% of total imports.

From 2013 to 2022, the biggest increases were recorded for Italy (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Italy ($X) and the UK ($X) were the largest reel cutting slitter suppliers to Kuwait, with a combined X% share of total imports.

In terms of the main suppliers, the UK, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average reel cutting slitter import price stood at $X per unit in 2022, falling by X% against the previous year. Over the period under review, the import price saw a mild decrease. The growth pace was the most rapid in 2015 an increase of X%. Over the period under review, average import prices attained the peak figure 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 UK ($X per unit), while the price for Malaysia ($X per unit) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by the UK (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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