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 soared to $X in 2023, picking up by X% against the previous year. In general, consumption showed a relatively flat trend pattern. Reel cutting slitter consumption peaked at $X in 2013; however, from 2014 to 2023, consumption stood at a somewhat lower figure.

Reel Cutting Slitter Production in Hong Kong SAR, China

In value terms, reel cutting slitter production rose modestly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2021; afterwards, it flattened through to 2023.

Reel Cutting Slitter Exports

Exports from Hong Kong SAR, China

In 2023, the amount of combined reel slitting and re-reeling cutting machines for paper and paperboard exported from Hong Kong SAR reduced dramatically to X units, falling by X% on the year before. Over the period under review, exports showed a abrupt downturn. 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 2023, the exports failed to regain momentum.

In value terms, reel cutting slitter exports declined markedly to $X in 2023. In general, exports continue to indicate a deep setback. The pace of growth was the most pronounced in 2021 when exports increased by X%. The exports peaked at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

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. India (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2023, 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: Vietnam (X% per year) and India (X% per year).

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

From 2012 to 2023, the average annual rate of growth in terms of value to China totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (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 2023, jumping by X% against the previous year. Overall, export price indicated a measured increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, reel cutting slitter export price decreased by X% against 2021 indices. The export price peaked at $X per unit in 2021; however, from 2022 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (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 2023, approx. X units of combined reel slitting and re-reeling cutting machines for paper and paperboard were imported into Hong Kong SAR; which is down by X% compared with 2022. In general, imports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2013 when imports increased by X%. As a result, imports attained the peak of X units. From 2014 to 2023, the growth of imports failed to regain momentum.

In value terms, reel cutting slitter imports declined to $X in 2023. Overall, imports saw a deep reduction. The most prominent rate of growth was recorded in 2013 when imports increased by X%. As a result, imports reached the peak of $X. From 2014 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X units), Germany (X units) and Thailand (X units) were the main suppliers of reel cutting slitter imports to Hong Kong SAR, together accounting for X% of total imports.

From 2012 to 2023, the biggest increases were recorded for Thailand (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

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

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

Import Prices by Country

In 2023, the average reel cutting slitter import price amounted to $X per unit, with an increase of X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The growth pace was the most rapid in 2014 an increase of X%. Over the period under review, average import prices reached the maximum in 2023 and is likely to see gradual growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2023, amid the top importers, the highest price was recorded for prices from Italy ($X per unit) and Japan ($X per unit), while the price for Taiwan (Chinese) ($X per unit) and Turkey ($X per unit) were amongst the lowest.

From 2012 to 2023, 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