Singapore: Reel Cutting Slitter Market 2024

Reel Cutting Slitter Market Size in Singapore

The Singaporean reel cutting slitter market reduced to $X in 2022, shrinking by X% against the previous year. Over the period under review, consumption, however, enjoyed a significant expansion. Reel cutting slitter consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Reel Cutting Slitter Production in Singapore

In value terms, reel cutting slitter production shrank to $X in 2022 estimated in export price. Over the period under review, production, however, showed a significant expansion. The pace of growth appeared the most rapid in 2013 with an increase of X%. Reel cutting slitter production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

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Reel Cutting Slitter Exports

Exports from Singapore

In 2022, the amount of combined reel slitting and re-reeling cutting machines for paper and paperboard exported from Singapore surged to X units, increasing by X% compared with 2021. In general, exports showed a remarkable increase. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, reel cutting slitter exports surged to $X in 2022. Over the period under review, exports recorded a buoyant increase. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

China (X units) was the main destination for reel cutting slitter exports from Singapore, with a X% share of total exports. Moreover, reel cutting slitter exports to China exceeded the volume sent to the second major destination, Indonesia (X units), threefold. The third position in this ranking was held by Taiwan (Chinese) (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to China amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (X% per year) and Taiwan (Chinese) (X% per year).

In value terms, China ($X) remains the key foreign market for combined reel slitting and re-reeling cutting machines for paper and paperboard exports from Singapore, comprising X% of total exports. The second position in the ranking was taken by Indonesia ($X), with a X% share of total exports. It was followed by Taiwan (Chinese), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (X% per year) and Taiwan (Chinese) (X% per year).

Export Prices by Country

The average reel cutting slitter export price stood at $X per unit in 2022, waning by X% against the previous year. Overall, the export price continues to indicate a slight descent. The growth pace was the most rapid in 2018 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2019 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Thailand ($X per unit) and Taiwan (Chinese) ($X per unit), while the average price for exports to the Philippines ($X per unit) and Indonesia ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (X%), while the prices for the other major destinations experienced a decline.

Reel Cutting Slitter Imports

Imports into Singapore

In 2022, approx. X units of combined reel slitting and re-reeling cutting machines for paper and paperboard were imported into Singapore; which is down by X% against the previous year's figure. Over the period under review, imports recorded a deep downturn. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. Imports peaked at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, reel cutting slitter imports dropped rapidly to $X in 2022. In general, imports recorded a noticeable curtailment. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

China (X units), Germany (X units) and the Czech Republic (X units) were the main suppliers of reel cutting slitter imports to Singapore, together accounting for X% of total imports. Japan, Malaysia, Belgium, the United States and Taiwan (Chinese) lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest reel cutting slitter suppliers to Singapore were China ($X), Germany ($X) and the Czech Republic ($X), with a combined X% share of total imports. Japan, Malaysia, Belgium, the United States and Taiwan (Chinese) lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Belgium, 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, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2018 an increase of X%. As a result, import price reached the peak level of $X per unit. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Belgium ($X per unit) and the United States ($X per unit), while the price for Taiwan (Chinese) ($X per unit) and Malaysia ($X per unit) were amongst the lowest.

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

Source: IndexBox Platform

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