Hong Kong SAR, China: Reel Cutting Slitter Market 2024

Reel Cutting Slitter Market Size in Hong Kong SAR, China

The Hong Kong reel cutting slitter market contracted to $X in 2022, dropping by X% against the previous year. Over the period under review, consumption, however, saw a significant expansion. Reel cutting slitter consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Reel Cutting Slitter Production in Hong Kong SAR, China

In value terms, reel cutting slitter production reduced to $X in 2022 estimated in export price. Overall, production, however, showed a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Reel Cutting Slitter Exports

Exports from Hong Kong SAR, China

In 2022, exports of combined reel slitting and re-reeling cutting machines for paper and paperboard from Hong Kong SAR fell markedly to X units, dropping by X% against the previous year. Over the period under review, exports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, reel cutting slitter exports dropped markedly to $X in 2022. In general, exports faced a abrupt decrease. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

China (X units) was the main destination for reel cutting slitter exports from Hong Kong SAR, accounting for a X% share of total exports. Moreover, reel cutting slitter exports to China exceeded the volume sent to the second major destination, Vietnam (X units), sevenfold. The third position in this ranking was held by India (X units), with a X% share.

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

In value terms, China ($X) remains the key foreign market for combined reel slitting and re-reeling cutting machines for paper and paperboard exports from Hong Kong SAR, comprising X% of total exports. The second position in the ranking was held by Vietnam ($X), with a X% share of total exports. It was followed by India, 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: Vietnam (X% per year) and India (X% per year).

Export Prices by Country

In 2022, the average reel cutting slitter export price amounted to $X per unit, waning 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%. The export price peaked at $X per unit in 2021, and then reduced notably in the following year.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Bangladesh ($X per unit) and Singapore ($X per unit), while the average price for exports to the United States ($X per unit) and India ($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 Vietnam (X%), while the prices for the other major destinations experienced more modest paces of growth.

Reel Cutting Slitter Imports

Imports into Hong Kong SAR, China

In 2022, approx. X units of combined reel slitting and re-reeling cutting machines for paper and paperboard were imported into Hong Kong SAR; waning by X% compared with 2021. Overall, imports showed a abrupt downturn. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, imports attained the peak of X units. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, reel cutting slitter imports declined dramatically to $X in 2022. Over the period under review, imports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

China (X units), Vietnam (X units) and Germany (X units) were the main suppliers of reel cutting slitter imports to Hong Kong SAR, with a combined X% share of total imports. The United States, Thailand, Japan, Turkey, Switzerland and Taiwan (Chinese) lagged somewhat behind, together comprising a further X%.

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

In value terms, China ($X), Vietnam ($X) and Germany ($X) were the largest reel cutting slitter suppliers to Hong Kong SAR, with a combined X% share of total imports. The United States, Thailand, Japan, Turkey, Switzerland and Taiwan (Chinese) lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Thailand, 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

In 2022, the average reel cutting slitter import price amounted to $X per unit, remaining stable against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2017 when the average import price increased by X%. As a result, import price attained the peak level of $X per unit. From 2018 to 2022, the average import prices remained at a somewhat 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 Switzerland ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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