Asia: Flexographic Printing Machinery Market 2024

Flexographic Printing Machinery Market Size in Asia

The Asian flexographic printing machinery market expanded slightly to $X in 2022, growing by 2.9% against the previous year. Over the period under review, consumption, however, recorded a modest increase. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Flexographic Printing Machinery Production in Asia

In value terms, flexographic printing machinery production declined to $X in 2022 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the production volume increased by 13%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Flexographic Printing Machinery Exports

Exports in Asia

In 2022, shipments abroad of flexographic printing machinery was finally on the rise to reach X units after two years of decline. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 58% 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 somewhat lower figure.

In value terms, flexographic printing machinery exports expanded remarkably to $X in 2022. The total export value increased at an average annual rate of +2.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 when exports increased by 17%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

In 2022, China (X units) represented the main exporter of flexographic printing machinery, committing 45% of total exports. It was distantly followed by Taiwan (Chinese) (X units), India (X units) and Hong Kong SAR (X units), together generating a 47% share of total exports. Turkey (X units) and Japan (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +14.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the largest flexographic printing machinery supplier in Asia, comprising 55% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 23% share of total exports. It was followed by India, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to +15.5%. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (-3.9% per year) and India (+20.2% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per unit, increasing by 7.9% against the previous year. Export price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, flexographic printing machinery export price increased by +50.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of 29%. The level of export peaked in 2022 and is likely to continue growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+6.6%), while the other leaders experienced more modest paces of growth.

Flexographic Printing Machinery Imports

Imports in Asia

In 2022, imports of flexographic printing machinery in Asia rose rapidly to X units, increasing by 9.3% compared with 2021 figures. Over the period under review, imports, however, saw a perceptible decline. The most prominent rate of growth was recorded in 2020 when imports increased by 146%. As a result, imports reached the peak of X units. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, flexographic printing machinery imports soared to $X in 2022. The total import value increased at an average annual rate of +3.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Indonesia (X units) and the Philippines (X units) represented the largest importers of flexographic printing machinery in Asia, together resulting at approx. 35% of total imports. Vietnam (X units) ranks next in terms of the total imports with an 8.5% share, followed by India (8.5%) and Turkey (4.6%). The following importers - South Korea (X units), Pakistan (X units), Thailand (X units), Hong Kong SAR (X units), Malaysia (X units), Qatar (X units), Bangladesh (X units) and Iran (X units) - together made up 26% of total imports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +20.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest flexographic printing machinery importing markets in Asia were Indonesia ($X), Turkey ($X) and Vietnam ($X), together comprising 45% of total imports. India, South Korea, Thailand, Malaysia, Pakistan, Iran, Bangladesh, the Philippines, Qatar and Hong Kong SAR lagged somewhat behind, together accounting for a further 26%.

Among the main importing countries, Qatar, with a CAGR of +37.2%, recorded the highest rates of growth with regard to 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 Asia amounted to $X per unit, surging by 10% against the previous year. Overall, the import price continues to indicate resilient growth. The most prominent rate of growth was recorded in 2021 when the import price increased by 219%. The level of import peaked in 2022 and is likely to see steady growth in years to come.

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 Turkey ($X per unit), while Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Qatar (+76.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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