Reel Cutting Slitter Market

The global reel cutting slitter market is forecasted to experience growth in both volume and value terms from 2022 to 2030, with anticipated CAGR rates of +8.5% and +9.0% respectively. Consumption of combined reel slitting and re-reeling cutting machines for paper and paperboard saw a decline in 2022, following a peak in 2020. The United States, China, and Nigeria are key players in both consumption and production of reel cutting slitters. The import and export market for reel cutting slitters also showed fluctuations in both volume and value terms over the past decade, with China and the United States leading in exports, while the United States and India were top importers. Price trends also varied by country, with significant differences in average export prices amongst major suppliers.

Market Forecast

Driven by rising demand for reel cutting slitter worldwide, the market is expected to start an upward consumption trend over the next eight-year period. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +8.5% for the period from 2022 to 2030, which is projected to bring the market volume to 464K units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +9.0% for the period from 2022 to 2030, which is projected to bring the market value to $3.4B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Combined Reel Slitting And Re-Reeling Cutting Machines For Paper And Paperboard

In 2022, consumption of combined reel slitting and re-reeling cutting machines for paper and paperboard decreased by -29.8% to 242K units, falling for the second consecutive year after four years of growth. In general, consumption continues to indicate a relatively flat trend pattern. Global consumption peaked at 444K units in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

The global reel cutting slitter market value declined notably to $1.7B in 2022, falling by -23.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw a slight decline. Global consumption peaked at $2.5B in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Consumption By Country

The United States (56K units) constituted the country with the largest volume of reel cutting slitter consumption, accounting for 23% of total volume. Moreover, reel cutting slitter consumption in the United States exceeded the figures recorded by the second-largest consumer, Nigeria (25K units), twofold. The third position in this ranking was held by Germany (17K units), with a 7.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in the United States stood at +17.2%. In the other countries, the average annual rates were as follows: Nigeria (+28.4% per year) and Germany (+7.1% per year).

In value terms, the United States ($449M) led the market, alone. The second position in the ranking was taken by Nigeria ($125M). It was followed by Finland.

In the United States, the reel cutting slitter market increased at an average annual rate of +14.8% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of market growth: Nigeria (+28.2% per year) and Finland (-0.6% per year).

The countries with the highest levels of reel cutting slitter per capita consumption in 2022 were Finland (1,677 units per million persons), Qatar (1,566 units per million persons) and the Czech Republic (780 units per million persons).

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by Nigeria (with a CAGR of +25.1%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Combined Reel Slitting And Re-Reeling Cutting Machines For Paper And Paperboard

In 2022, the amount of combined reel slitting and re-reeling cutting machines for paper and paperboard produced worldwide dropped slightly to 208K units, approximately reflecting 2021 figures. In general, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the production volume increased by 2.4% against the previous year. As a result, production attained the peak volume of 214K units. From 2019 to 2022, global production growth remained at a somewhat lower figure.

In value terms, reel cutting slitter production amounted to $1.3B in 2022 estimated in export price. Over the period under review, production showed a mild reduction. The growth pace was the most rapid in 2013 with an increase of 3.5% against the previous year. Global production peaked at $1.6B in 2014; however, from 2015 to 2022, production failed to regain momentum.

Production By Country

China (82K units) remains the largest reel cutting slitter producing country worldwide, comprising approx. 39% of total volume. Moreover, reel cutting slitter production in China exceeded the figures recorded by the second-largest producer, Germany (31K units), threefold. The third position in this ranking was held by Italy (18K units), with an 8.4% share.

From 2012 to 2022, the average annual growth rate of volume in China was relatively modest. In the other countries, the average annual rates were as follows: Germany (+0.7% per year) and Italy (+3.2% per year).

Imports

World Imports of Combined Reel Slitting And Re-Reeling Cutting Machines For Paper And Paperboard

In 2022, supplies from abroad of combined reel slitting and re-reeling cutting machines for paper and paperboard decreased by -28.1% to 246K units, falling for the second year in a row after four years of growth. In general, imports, however, recorded a temperate increase. The most prominent rate of growth was recorded in 2017 with an increase of 51% against the previous year. Global imports peaked at 403K units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, reel cutting slitter imports shrank significantly to $1.6B in 2022. Over the period under review, total imports indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +42.7% against 2016 indices. The most prominent rate of growth was recorded in 2021 with an increase of 22%. As a result, imports attained the peak of $2B, and then shrank rapidly in the following year.

Imports By Country

In 2022, the United States (61K units), distantly followed by Nigeria (26K units) and China (19K units) were the key importers of combined reel slitting and re-reeling cutting machines for paper and paperboard, together generating 43% of total imports. Turkey (7.6K units), Indonesia (6.4K units), Russia (6.3K units), India (6.2K units), Germany (5.5K units), Qatar (4.7K units), Canada (4.6K units), Mexico (4.4K units), France (4.4K units) and the UK (4.2K units) took a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to reel cutting slitter imports into the United States stood at +13.8%. At the same time, Nigeria (+28.7%), Qatar (+20.5%), Turkey (+10.3%), Russia (+6.8%), Canada (+4.4%), India (+4.2%), Mexico (+3.9%), China (+3.0%) and the UK (+1.0%) displayed positive paces of growth. Moreover, Nigeria emerged as the fastest-growing importer imported in the world, with a CAGR of +28.7% from 2012-2022. Germany experienced a relatively flat trend pattern. By contrast, Indonesia (-4.3%) and France (-14.7%) illustrated a downward trend over the same period. While the share of the United States (+14 p.p.) and Nigeria (+9.2 p.p.) increased significantly in terms of the global imports from 2012-2022, the share of Indonesia (-3.9 p.p.) and France (-12.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($396M) constitutes the largest market for imported combined reel slitting and re-reeling cutting machines for paper and paperboard worldwide, comprising 25% of global imports. The second position in the ranking was held by India ($74M), with a 4.6% share of global imports. It was followed by Germany, with a 3.8% share.

From 2012 to 2022, the average annual growth rate of value in the United States stood at +9.5%. In the other countries, the average annual rates were as follows: India (+6.6% per year) and Germany (+3.4% per year).

Import Prices By Country

The average reel cutting slitter import price stood at $6,532 per unit in 2022, picking up by 14% against the previous year. Over the period under review, the import price, however, continues to indicate a mild curtailment. The most prominent rate of growth was recorded in 2021 an increase of 44% against the previous year. Global import price peaked at $9,026 per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was India ($11,917 per unit), while Qatar ($193 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+20.5%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Combined Reel Slitting And Re-Reeling Cutting Machines For Paper And Paperboard

In 2022, overseas shipments of combined reel slitting and re-reeling cutting machines for paper and paperboard increased by 1.7% to 213K units, rising for the second consecutive year after two years of decline. Overall, exports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2018 with an increase of 46% against the previous year. Over the period under review, the global exports hit record highs in 2022 and are likely to see steady growth in the near future.

In value terms, reel cutting slitter exports reduced to $1.6B in 2022. The total export value increased at an average annual rate of +3.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 21%. As a result, the exports reached the peak of $1.7B, and then fell in the following year.

Exports By Country

China represented the key exporter of combined reel slitting and re-reeling cutting machines for paper and paperboard in the world, with the volume of exports accounting for 98K units, which was near 46% of total exports in 2022. Germany (20K units) took the second position in the ranking, followed by Italy (15K units) and the UK (14K units). All these countries together held approx. 23% share of total exports. The Netherlands (7.6K units), Taiwan (Chinese) (6.8K units), Japan (5.9K units), Spain (5K units), the United States (4.5K units) and Malaysia (4K units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to reel cutting slitter exports from China stood at +24.3%. At the same time, Malaysia (+33.0%), the Netherlands (+14.0%), the UK (+7.9%) and Italy (+5.4%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in the world, with a CAGR of +33.0% from 2012-2022. Taiwan (Chinese) and Japan experienced a relatively flat trend pattern. By contrast, the United States (-1.5%), Germany (-2.8%) and Spain (-3.8%) illustrated a downward trend over the same period. While the share of China (+35 p.p.), Malaysia (+1.7 p.p.) and the Netherlands (+1.6 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of Taiwan (Chinese) (-2.6 p.p.), the United States (-2.8 p.p.), Japan (-3.1 p.p.), Spain (-4.6 p.p.) and Germany (-15.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest reel cutting slitter supplying countries worldwide were China ($365M), Germany ($287M) and Italy ($173M), with a combined 51% share of global exports. The Netherlands, the United States, Spain, Malaysia, the UK, Taiwan (Chinese) and Japan lagged somewhat behind, together comprising a further 27%.

Malaysia, with a CAGR of +37.2%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

In 2022, the average reel cutting slitter export price amounted to $7,527 per unit, declining by -5.2% against the previous year. Overall, the export price showed a noticeable shrinkage. The pace of growth was the most pronounced in 2017 an increase of 7.8%. The global export price peaked at $11,254 per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

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 States ($22,304 per unit), while the UK ($3,024 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+6.2%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform