Northern America: Reel Cutting Slitter Market 2024

Reel Cutting Slitter Market Size in Northern America

The North American reel cutting slitter market shrank modestly to $X.9B in 2022, therefore, remained relatively stable against the previous year. Over the period under review, consumption, however, posted a significant increase. Over the period under review, the market hit record highs at $X.7B in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Reel Cutting Slitter Production in Northern America

In value terms, reel cutting slitter production totaled $X.3B in 2022 estimated in export price. Overall, production, however, continues to indicate a significant expansion. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. The level of production peaked at $X.4B in 2020; however, from 2021 to 2022, production remained at a lower figure.

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Reel Cutting Slitter Exports

Exports in Northern America

In 2022, shipments abroad of combined reel slitting and re-reeling cutting machines for paper and paperboard increased by X% to X units, rising for the second year in a row after three years of decline. Overall, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, reel cutting slitter exports expanded significantly to $X in 2022. The total export value increased at an average annual rate of X% over the period 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 2020 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

The United States represented the key exporting country with an export of about X units, which recorded X% of total exports. It was distantly followed by Canada (X units), constituting a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to reel cutting slitter exports from the United States stood at X%. At the same time, Canada (X%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Canada increased by X percentage points.

In value terms, the United States ($X) remains the largest reel cutting slitter supplier in Northern America, comprising X% of total exports. The second position in the ranking was held by Canada ($X), with a X% share of total exports.

In the United States, reel cutting slitter exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Northern America stood at $X per unit in 2022, which is down by X% against the previous year. Export price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when the export price increased by X%. Over the period under review, the export prices attained the peak figure at $X per unit in 2021, and then declined in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($X per unit), while Canada stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%).

Reel Cutting Slitter Imports

Imports in Northern America

After seven years of growth, purchases abroad of combined reel slitting and re-reeling cutting machines for paper and paperboard decreased by X% to X units in 2022. In general, imports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X units, and then dropped in the following year.

In value terms, reel cutting slitter imports fell rapidly to $X in 2022. Over the period under review, imports, however, continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then plummeted in the following year.

Imports by Country

The United States dominates imports structure, finishing at X units, which was near X% of total imports in 2022. It was distantly followed by Canada (X units), comprising a X% share of total imports.

The United States was also the fastest-growing in terms of the combined reel slitting and re-reeling cutting machines for paper and paperboard imports, with a CAGR of X% from 2012 to 2022. At the same time, Canada (X%) displayed positive paces of growth. The United States (X p.p.) significantly strengthened its position in terms of the total imports, while Canada saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, the United States ($X) constitutes the largest market for imported combined reel slitting and re-reeling cutting machines for paper and paperboard in Northern America, comprising X% of total imports. The second position in the ranking was held by Canada ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value in the United States amounted to X%.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per unit, reducing by X% against the previous year. In general, the import price saw a pronounced slump. The growth pace was the most rapid in 2014 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per unit in 2018; however, from 2019 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 Canada ($X per unit), while the United States stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (X%).

Source: IndexBox Platform

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