ASEAN: Market for Reel Fed Letterpress Printing Machinery 2024

Market Size for Reel Fed Letterpress Printing Machinery in ASEAN

The ASEAN market for reel fed letterpress printing machinery shrank notably to $X in 2022, declining by -64.7% against the previous year. Overall, consumption, however, saw a abrupt shrinkage. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Reel Fed Letterpress Printing Machinery in ASEAN

In value terms, reel fed letterpress printing machinery production rose to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.0% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when the production volume increased by 10% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Exports of Reel Fed Letterpress Printing Machinery

Exports in ASEAN

In 2022, reel fed letterpress printing machinery exports in ASEAN soared to X units, picking up by 146% compared with 2021. Over the period under review, exports recorded a significant expansion. The pace of growth was the most pronounced in 2016 when exports increased by 338%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, reel fed letterpress printing machinery exports skyrocketed to $X in 2022. Overall, exports, however, faced a deep setback. The most prominent rate of growth was recorded in 2016 with an increase of 481% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Thailand (X units) and the Philippines (X units) dominates exports structure, together comprising 91% of total exports. Malaysia (X units) and Singapore (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of +115.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest reel fed letterpress printing machinery supplying countries in ASEAN were Singapore ($X), Malaysia ($X) and the Philippines ($X), together accounting for 63% of total exports.

In terms of the main exporting countries, Malaysia, with a CAGR of +18.4%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per unit, falling by -33.9% against the previous year. In general, the export price faced a precipitous slump. The most prominent rate of growth was recorded in 2019 when the export price increased by 88% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

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 Singapore ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+15.7%), while the other leaders experienced a decline in the export price figures.

Imports of Reel Fed Letterpress Printing Machinery

Imports in ASEAN

In 2022, after two years of decline, there was significant growth in overseas purchases of reel fed letterpress printing machinery, when their volume increased by 119% to X units. Over the period under review, imports enjoyed prominent growth. The most prominent rate of growth was recorded in 2017 when imports increased by 831%. The volume of import peaked at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, reel fed letterpress printing machinery imports rose significantly to $X in 2022. Overall, imports, however, recorded a perceptible setback. The pace of growth appeared the most rapid in 2018 with an increase of 47%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

The Philippines dominates imports structure, finishing at X units, which was approx. 80% of total imports in 2022. Indonesia (X units) ranks second in terms of the total imports with an 8.9% share, followed by Singapore (8.2%). Vietnam (X units) took a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to reel fed letterpress printing machinery imports into the Philippines stood at -12.1%. At the same time, Indonesia (+13.0%) and Singapore (+7.7%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing importer imported in ASEAN, with a CAGR of +13.0% from 2012-2022. By contrast, Vietnam (-4.4%) illustrated a downward trend over the same period. The Philippines (+80 p.p.) significantly strengthened its position in terms of the total imports, while Indonesia, Singapore and Vietnam saw its share reduced by -2.8%, -9.2% and -10.6% from 2012 to 2022, respectively.

In value terms, the largest reel fed letterpress printing machinery importing markets in ASEAN were Vietnam ($X), Indonesia ($X) and Singapore ($X), together comprising 78% of total imports.

Indonesia, with a CAGR of +6.3%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per unit, shrinking by -51.3% against the previous year. Over the period under review, the import price showed a drastic downturn. The most prominent rate of growth was recorded in 2020 an increase of 392%. The level of import peaked at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($X per unit), while the Philippines ($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 (+7.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform