Asia: Market for Reel Fed Offset Printing Machinery 2024

Market Size for Reel Fed Offset Printing Machinery in Asia

The Asian market for reel fed offset printing machinery dropped dramatically to $X in 2022, declining by -34.7% against the previous year. In general, consumption showed a deep contraction. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Production of Reel Fed Offset Printing Machinery in Asia

In value terms, reel fed offset printing machinery production dropped to $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 40% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Exports of Reel Fed Offset Printing Machinery

Exports in Asia

In 2022, shipments abroad of reel fed offset printing machinery was finally on the rise to reach X units after three years of decline. In general, exports continue to indicate a tangible increase. The most prominent rate of growth was recorded in 2018 with an increase of 164%. As a result, the exports reached the peak of X units. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, reel fed offset printing machinery exports fell modestly to $X in 2022. Overall, exports, however, recorded a abrupt shrinkage. The growth pace was the most rapid in 2021 with an increase of 8.6% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Singapore represented the key exporting country with an export of about X units, which accounted for 42% of total exports. Japan (X units) took the second position in the ranking, followed by India (X units), Turkey (X units) and Thailand (X units). All these countries together took near 48% share of total exports. Myanmar (X units) and Hong Kong SAR (X units) followed a long way behind the leaders.

Exports from Singapore increased at an average annual rate of +17.0% from 2012 to 2022. At the same time, Turkey (+47.3%), India (+31.9%) and Thailand (+2.5%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in Asia, with a CAGR of +47.3% from 2012-2022. By contrast, Japan (-7.5%), Hong Kong SAR (-19.1%) and Myanmar (-32.0%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Singapore, India, Turkey and Myanmar increased by +30, +12, +12 and +3.2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) remains the largest reel fed offset printing machinery supplier in Asia, comprising 27% of total exports. The second position in the ranking was taken by Turkey ($X), with an 11% share of total exports. It was followed by India, with a 10% share.

From 2012 to 2022, the average annual growth rate of value in Japan amounted to -11.8%. In the other countries, the average annual rates were as follows: Turkey (+29.1% per year) and India (-13.3% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per unit, dropping by -49.1% against the previous year. In general, the export price continues to indicate a abrupt descent. The growth pace was the most rapid in 2020 an increase of 88% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 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 Japan ($X per unit), while Myanmar ($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 Asia

In 2022, purchases abroad of reel fed offset printing machinery was finally on the rise to reach X units after three years of decline. In general, imports, however, recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2015 when imports increased by 245% against the previous year. 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 fell significantly to $X in 2022. Overall, imports, however, faced a abrupt decline. The growth pace was the most rapid in 2018 with an increase of 54%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The countries with the highest levels of reel fed offset printing machinery imports in 2022 were Hong Kong SAR (X units), Singapore (X units), Indonesia (X units), Qatar (X units) and South Korea (X units), together accounting for 61% of total import. It was distantly followed by India (X units), Malaysia (X units) and Thailand (X units), together generating an 18% share of total imports. Bahrain (X units), Israel (X units), the United Arab Emirates (X units) and Kuwait (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 leading importing countries, was attained by Israel (with a CAGR of +27.0%), while imports 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 31% share of total imports.

In terms of 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 mixed trends in the imports figures.

Import Prices by Country

The import price in Asia stood at $X per unit in 2022, with a decrease of -32.7% against the previous year. In general, the import price showed a abrupt decline. The most prominent rate of growth was recorded in 2016 an increase of 647% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 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 Thailand ($X per unit), while Bahrain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+2.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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