Africa: Market for Reel Fed Letterpress Printing Machinery 2024

Market Size for Reel Fed Letterpress Printing Machinery in Africa

The African market for reel fed letterpress printing machinery was estimated at $X in 2022, remaining relatively unchanged against the previous year. The market value increased at an average annual rate of +1.6% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Reel Fed Letterpress Printing Machinery in Africa

In value terms, reel fed letterpress printing machinery production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.7% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of 3.2%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Reel Fed Letterpress Printing Machinery

Exports in Africa

In 2022, reel fed letterpress printing machinery exports in Africa surged to X units, picking up by 210% against 2021. Overall, exports, however, showed a pronounced slump. The growth pace was the most rapid in 2013 when exports increased by 461% against the previous year. As a result, the exports attained the peak of X units. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, reel fed letterpress printing machinery exports rose sharply to $X in 2022. In general, exports, however, continue to indicate a perceptible curtailment. The growth pace was the most rapid in 2016 when exports increased by 731% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

South Africa represented the major exporting country with an export of around X units, which reached 65% of total exports. It was distantly followed by Egypt (X units) and Kenya (X units), together creating a 27% share of total exports. The following exporters - Namibia (X units), Nigeria (X units) and Swaziland (X units) - together made up 8.1% of total exports.

From 2012 to 2022, average annual rates of growth with regard to reel fed letterpress printing machinery exports from South Africa stood at -4.4%. At the same time, Egypt (+13.7%) displayed positive paces of growth. Moreover, Egypt emerged as the fastest-growing exporter exported in Africa, with a CAGR of +13.7% from 2012-2022. Namibia, Swaziland and Nigeria experienced a relatively flat trend pattern. By contrast, Kenya (-14.3%) illustrated a downward trend over the same period. Egypt (+23 p.p.) and Nigeria (+3.2 p.p.) significantly strengthened its position in terms of the total exports, while South Africa and Kenya saw its share reduced by -10.5% and -11.8% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kenya ($X) remains the largest reel fed letterpress printing machinery supplier in Africa, comprising 56% of total exports. The second position in the ranking was held by Egypt ($X), with a 22% share of total exports. It was followed by South Africa, with a 15% share.

From 2012 to 2022, the average annual growth rate of value in Kenya was relatively modest. In the other countries, the average annual rates were as follows: Egypt (+31.8% per year) and South Africa (-15.3% per year).

Export Prices by Country

In 2022, the export price in Africa amounted to $X per unit, dropping by -65.1% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the export price increased by 1,217%. Over the period under review, the export prices attained the peak figure at $X per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Kenya ($X per unit), while Namibia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kenya (+16.2%), while the other leaders experienced more modest paces of growth.

Imports of Reel Fed Letterpress Printing Machinery

Imports in Africa

In 2022, supplies from abroad of reel fed letterpress printing machinery increased by 43% to X units, rising for the second consecutive year after three years of decline. Overall, imports, however, showed a deep contraction. The pace of growth appeared the most rapid in 2014 when imports increased by 129% against the previous year. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, reel fed letterpress printing machinery imports skyrocketed to $X in 2022. Over the period under review, imports, however, saw a pronounced setback. The most prominent rate of growth was recorded in 2014 when imports increased by 237% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Mozambique (X units), distantly followed by South Africa (X units), Democratic Republic of the Congo (X units), Tanzania (X units), Burundi (X units) and Uganda (X units) were the major importers of reel fed letterpress printing machinery, together achieving 68% of total imports. The following importers - Cote d'Ivoire (X units), Egypt (X units), Nigeria (X units), Ghana (X units), Ethiopia (X units) and Kenya (X units) - together made up 19% of total imports.

From 2012 to 2022, the biggest increases were recorded for Mozambique (with a CAGR of +77.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Tanzania ($X) constitutes the largest market for imported reel fed letterpress printing machinery in Africa, comprising 33% of total imports. The second position in the ranking was taken by Egypt ($X), with an 8.9% share of total imports. It was followed by Nigeria, with a 7.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Tanzania stood at +82.4%. In the other countries, the average annual rates were as follows: Egypt (-15.8% per year) and Nigeria (+21.4% per year).

Import Prices by Country

The import price in Africa stood at $X per unit in 2022, falling by -2.7% against the previous year. In general, the import price, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2016 an increase of 76% against the previous year. The level of import peaked at $X per unit in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Tanzania ($X per unit), while Mozambique ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tanzania (+40.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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