ASEAN: Market for Reel Fed Offset Printing Machinery 2024

Market Size for Reel Fed Offset Printing Machinery in ASEAN

In 2022, the ASEAN market for reel fed offset printing machinery decreased by -12.6% to $X, falling for the fourth year in a row after three years of growth. Over the period under review, consumption saw a pronounced curtailment. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Production of Reel Fed Offset Printing Machinery in ASEAN

In value terms, reel fed offset printing machinery production shrank rapidly to $X in 2022 estimated in export price. Overall, production, however, enjoyed measured growth. The most prominent rate of growth was recorded in 2021 when the production volume increased by 10,276% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Exports of Reel Fed Offset Printing Machinery

Exports in ASEAN

In 2022, overseas shipments of reel fed offset printing machinery were finally on the rise to reach X units for the first time since 2018, thus ending a three-year declining trend. Overall, exports enjoyed strong growth. Over the period under review, the exports hit record highs at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, reel fed offset printing machinery exports surged to $X in 2022. Over the period under review, exports enjoyed pronounced growth. The pace of growth appeared the most rapid in 2014 with an increase of 185%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

In 2022, Singapore (X units) represented the major exporter of reel fed offset printing machinery, generating 78% of total exports. Thailand (X units) ranks second in terms of the total exports with a 14% share, followed by Myanmar (5.9%).

Singapore was also the fastest-growing in terms of the reel fed offset printing machinery exports, with a CAGR of +17.0% from 2012 to 2022. At the same time, Thailand (+2.5%) displayed positive paces of growth. By contrast, Myanmar (-32.0%) illustrated a downward trend over the same period. Singapore (+25 p.p.) and Myanmar (+5.9 p.p.) significantly strengthened its position in terms of the total exports, while Thailand saw its share reduced by -22.4% from 2012 to 2022, respectively.

In value terms, Thailand ($X) remains the largest reel fed offset printing machinery supplier in ASEAN, comprising 44% of total exports. The second position in the ranking was taken by Singapore ($X), with a 17% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Thailand stood at +3.9%. The remaining exporting countries recorded the following average annual rates of exports growth: Singapore (+2.0% per year) and Myanmar (-13.5% per year).

Export Prices by Country

The export price in ASEAN stood at $X per unit in 2022, declining by -82.8% against the previous year. Overall, the export price showed a deep slump. The pace of growth was the most pronounced in 2020 when the export price increased by 237% against the previous year. The level of export peaked at $X per unit in 2021, and then contracted remarkably in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Myanmar (+27.2%), while the other leaders experienced mixed trends in the export price figures.

Imports of Reel Fed Offset Printing Machinery

Imports in ASEAN

In 2022, overseas purchases of reel fed offset printing machinery increased by 107% to X units for the first time since 2018, thus ending a three-year declining trend. Overall, imports recorded a modest increase. The growth pace was the most rapid in 2015 with an increase of 607%. As a result, imports reached the peak of X units. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, reel fed offset printing machinery imports soared to $X in 2022. Over the period under review, imports, however, saw a abrupt descent. The pace of growth appeared the most rapid in 2018 when imports increased by 43% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Singapore (X units) and Indonesia (X units) represented roughly 66% of total imports in 2022. Malaysia (X units) ranks next in terms of the total imports with a 15% share, followed by Thailand (13%). The Philippines (X units) and Vietnam (X units) held a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +20.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Thailand ($X) and Malaysia ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 83% share of total imports.

Among the main importing countries, Thailand, with a CAGR of +15.5%, 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 a decline in the imports figures.

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per unit, declining by -31.7% against the previous year. Overall, the import price recorded a abrupt decline. The pace of growth was the most pronounced in 2016 when the import price increased by 2,563% against the previous year. Over the period under review, import prices attained the maximum at $X per unit in 2012; however, from 2013 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 ($X per unit), while Singapore ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (-1.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform