Asia: Printing Press Market 2024

Printing Press Market Size in Asia

In 2022, the Asian printing press market decreased by -1.3% to $X, falling for the third year in a row after four years of growth. In general, consumption recorded a notable expansion. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Printing Press Production in Asia

In value terms, printing press production contracted sharply to $X in 2022 estimated in export price. Overall, production saw a resilient expansion. The most prominent rate of growth was recorded in 2019 when the production volume increased by 312%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Printing Press Exports

Exports in Asia

In 2022, overseas shipments of printing presses increased by 5.8% to X units, rising for the second year in a row after two years of decline. In general, exports, however, showed a pronounced setback. The growth pace was the most rapid in 2018 when exports increased by 26%. 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 rose slightly to $X in 2022. Over the period under review, exports, however, saw a slight reduction. The most prominent rate of growth was recorded in 2021 with an increase of 25% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Singapore (X units) and China (X units) were the main exporters of printing presses in Asia, together finishing at near 63% of total exports. Taiwan (Chinese) (X units) ranks next in terms of the total exports with a 9.9% share, followed by Japan (7.8%), Israel (6%) and India (4.8%). Thailand (X units) took a little share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by India (with a CAGR of +12.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest printing press supplying countries in Asia were China ($X), Japan ($X) and Israel ($X), with a combined 75% share of total exports.

In terms of the main exporting countries, China, with a CAGR of +6.8%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia stood at $X per unit in 2022, falling by -2.6% against the previous year. Over the last decade, it increased at an average annual rate of +3.2%. The pace of growth appeared the most rapid in 2019 an increase of 21%. Over the period under review, the export prices reached the peak figure at $X per unit in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

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 Japan ($X per unit), while Singapore ($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 more modest paces of growth.

Printing Press Imports

Imports in Asia

In 2022, overseas purchases of printing presses decreased by -2.7% to X units, falling for the third consecutive year after three years of growth. Over the period under review, imports continue to indicate a perceptible descent. The pace of growth was the most pronounced in 2017 with an increase of 47%. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, printing press imports reduced to $X in 2022. Overall, imports continue to indicate a pronounced shrinkage. The growth pace was the most rapid in 2021 when imports increased by 17%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Thailand (X units), Vietnam (X units), Singapore (X units), India (X units), Indonesia (X units), Bangladesh (X units), South Korea (X units), Malaysia (X units), the United Arab Emirates (X units) and the Philippines (X units) represented roughly 78% of total imports in 2022. The following importers - Hong Kong SAR (X units), Israel (X units) and Myanmar (X units) - each finished at a 5.9% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of +30.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest printing press importing markets in Asia were India ($X), Indonesia ($X) and South Korea ($X), together accounting for 26% of total imports. Vietnam, Malaysia, Thailand, Bangladesh, the United Arab Emirates, Israel, the Philippines, Singapore, Hong Kong SAR and Myanmar lagged somewhat behind, together comprising a further 21%.

The Philippines, with a CAGR of +9.9%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per unit in 2022, declining by -7.6% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the import price increased by 90% against the previous year. The level of import peaked at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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

Frequently Asked Questions (FAQ) :