Canada: Printing Press Market 2024

Printing Press Market Size in Canada

The Canadian printing press market expanded remarkably to $X in 2022, surging by 11% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +102.6% against 2018 indices. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Printing Press Exports

Exports from Canada

In 2022, shipments abroad of printing presses decreased by -40.5% to X units, falling for the fourth consecutive year after three years of growth. Overall, exports saw a abrupt setback. The pace of growth appeared the most rapid in 2016 with an increase of 59%. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, printing press exports reduced to $X in 2022. Over the period under review, exports showed a drastic downturn. The growth pace was the most rapid in 2016 when exports increased by 56%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for printing press exports from Canada, with a 67% share of total exports. Moreover, printing press exports to the United States exceeded the volume sent to the second major destination, India (X units), ninefold. The third position in this ranking was taken by the UK (X units), with a 4% share.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled -4.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (-4.0% per year) and the UK (-9.0% per year).

In value terms, the United States ($X) remains the key foreign market for printing presses exports from Canada, comprising 52% of total exports. The second position in the ranking was held by India ($X), with a 17% share of total exports. It was followed by China, with a 7.5% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to -10.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+1.6% per year) and China (+31.7% per year).

Export Prices by Country

In 2022, the average printing press export price amounted to $X per unit, jumping by 58% against the previous year. In general, the export price, however, saw a pronounced descent. Over the period under review, the average export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per unit), while the average price for exports to El Salvador ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+9.4%), while the prices for the other major destinations experienced more modest paces of growth.

Printing Press Imports

Imports into Canada

Printing press imports into Canada rose markedly to X units in 2022, with an increase of 5.5% against 2021 figures. In general, imports saw a resilient increase. The growth pace was the most rapid in 2019 with an increase of 97% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, printing press imports surged to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by 40%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

The United States (X units), China (X units) and Israel (X units) were the main suppliers of printing press imports to Canada, together comprising 86% of total imports.

From 2012 to 2022, the biggest increases were recorded for Israel (with a CAGR of +16.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Israel ($X) and the United States ($X) were the largest printing press suppliers to Canada, with a combined 84% share of total imports.

Among the main suppliers, Israel, with a CAGR of +14.4%, saw the highest growth rate of 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 average printing press import price amounted to $X per unit, picking up by 17% against the previous year. Overall, the import price, however, recorded a deep setback. The pace of growth was the most pronounced in 2017 when the average import price increased by 66%. The import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+19.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :