Australia and Oceania: Market for Reel Fed Offset Printing Machinery 2024

Market Size for Reel Fed Offset Printing Machinery in Australia and Oceania

The market for reel fed offset printing machinery in Australia and Oceania fell markedly to $X in 2022, declining by -21.5% against the previous year. Overall, consumption continues to indicate a mild descent. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Reel Fed Offset Printing Machinery in Australia and Oceania

In value terms, reel fed offset printing machinery production reduced to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the production volume increased by 289%. As a result, production attained the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

Exports of Reel Fed Offset Printing Machinery

Exports in Australia and Oceania

In 2022, after two years of decline, there was significant growth in overseas shipments of reel fed offset printing machinery, when their volume increased by 1,280% to X units. In general, exports posted a buoyant increase. The most prominent rate of growth was recorded in 2015 with an increase of 3,785%. As a result, the exports reached the peak of X units. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, reel fed offset printing machinery exports soared to $X in 2022. Over the period under review, exports, however, continue to indicate a abrupt curtailment. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Australia represented the largest exporter of reel fed offset printing machinery in Australia and Oceania, with the volume of exports reaching X units, which was near 82% of total exports in 2022. It was distantly followed by New Zealand (X units), making up an 18% share of total exports.

Australia was also the fastest-growing in terms of the reel fed offset printing machinery exports, with a CAGR of +5.4% from 2012 to 2022. At the same time, New Zealand (+3.6%) displayed positive paces of growth. Australia (+2.8 p.p.) significantly strengthened its position in terms of the total exports, while New Zealand saw its share reduced by -2.8% from 2012 to 2022, respectively.

In value terms, the largest reel fed offset printing machinery supplying countries in Australia and Oceania were New Zealand ($X) and Australia ($X).

Among the main exporting countries, New Zealand, with a CAGR of +10.5%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per unit, surging by 11% against the previous year. In general, the export price, however, recorded a deep slump. The most prominent rate of growth was recorded in 2016 when the export price increased by 6,647%. 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 New Zealand ($X per unit), while Australia amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+6.7%).

Imports of Reel Fed Offset Printing Machinery

Imports in Australia and Oceania

In 2022, purchases abroad of reel fed offset printing machinery was finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, recorded a abrupt contraction. The pace of growth appeared the most rapid in 2014 with an increase of 323% against the previous year. The volume of import peaked at X units in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, reel fed offset printing machinery imports surged to $X in 2022. Overall, imports, however, saw a precipitous descent. The pace of growth was the most pronounced in 2017 when imports increased by 1,133% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Papua New Guinea (X units), distantly followed by New Zealand (X units), Solomon Islands (X units), New Caledonia (X units), Australia (X units) and French Polynesia (X units) were the key importers of reel fed offset printing machinery, together achieving 89% of total imports. The following importers - Palau (X units) and Fiji (X units) - together made up 6.2% of total imports.

From 2012 to 2022, the biggest increases were recorded for French Polynesia (with a CAGR of +15.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X) constitutes the largest market for imported reel fed offset printing machinery in Australia and Oceania, comprising 80% of total imports. The second position in the ranking was held by Papua New Guinea ($X), with a 7.4% share of total imports. It was followed by New Zealand, with a 5% share.

In Australia, reel fed offset printing machinery imports shrank by an average annual rate of -26.8% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Papua New Guinea (-3.9% per year) and New Zealand (-29.3% per year).

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per unit, picking up by 19% against the previous year. Over the period under review, the import price, however, saw a deep reduction. The pace of growth appeared the most rapid in 2017 when the import price increased by 1,200% against the previous year. As a result, import price reached the peak level of $X per unit. From 2018 to 2022, the import prices remained at a lower figure.

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 Australia ($X per unit), while Fiji ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Palau (+10.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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