ASEAN: Printing Press Market 2024

Printing Press Market Size in ASEAN

The ASEAN printing press market dropped slightly to $X in 2022, with a decrease of -3.8% against the previous year. Overall, consumption, however, saw a tangible expansion. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Printing Press Production in ASEAN

In value terms, printing press production surged to $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 13,722%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Printing Press Exports

Exports in ASEAN

In 2022, overseas shipments of printing presses increased by 25% to X units, rising for the second year in a row after two years of decline. Over the period under review, exports, however, showed a perceptible decline. The most prominent rate of growth was recorded in 2018 with an increase of 78%. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, printing press exports declined modestly to $X in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 57% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Singapore prevails in exports structure, reaching X units, which was approx. 90% of total exports in 2022. It was distantly followed by Thailand (X units), comprising a 6.4% share of total exports. Malaysia (X units) held a relatively small share of total exports.

Singapore was also the fastest-growing in terms of the printing presses exports, with a CAGR of +5.1% from 2012 to 2022. Malaysia (-3.3%) and Thailand (-23.6%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Singapore increased by +54 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) remains the largest printing press supplier in ASEAN, comprising 64% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 21% share of total exports.

In Singapore, printing press exports increased at an average annual rate of +3.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Malaysia (-1.0% per year) and Thailand (-11.1% per year).

Export Prices by Country

The export price in ASEAN stood at $X per unit in 2022, waning by -21.9% against the previous year. Export price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when the export price increased by 52% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2021, and then declined remarkably in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+16.4%), while the other leaders experienced mixed trends in the export price figures.

Printing Press Imports

Imports in ASEAN

In 2022, after two years of decline, there was growth in overseas purchases of printing presses, when their volume increased by 0.9% to X units. Overall, imports, however, showed a deep setback. The pace of growth was the most pronounced in 2017 when imports increased by 72% against the previous year. Over the period under review, imports reached the maximum at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, printing press imports soared to $X in 2022. In general, imports, however, continue to indicate a mild decrease. The pace of growth appeared the most rapid in 2017 with an increase of 34% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The purchases of the six major importers of printing presses, namely Thailand, Vietnam, Singapore, Indonesia, Malaysia and the Philippines, represented more than two-thirds of total import. Myanmar (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by the Philippines (with a CAGR of +30.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Vietnam ($X) and Malaysia ($X) were the countries with the highest levels of imports in 2022, with a combined 78% share of total imports. Thailand, the Philippines, Singapore and Myanmar lagged somewhat behind, together comprising a further 20%.

Among the main importing countries, the Philippines, with a CAGR of +9.9%, saw the highest growth rate of 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 import price in ASEAN amounted to $X per unit, surging by 24% against the previous year. In general, the import price recorded a pronounced expansion. The growth pace was the most rapid in 2020 an increase of 93% against the previous year. The level of import peaked at $X per unit in 2013; however, from 2014 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 Indonesia ($X per unit), while Myanmar ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+8.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform