China: Book Folding Machine Market 2024

Book Folding Machine Market Size in China

After six years of growth, the Chinese book folding machine market decreased by -53.9% to $X in 2022. In general, consumption, however, recorded noticeable growth. Over the period under review, the market reached the peak level at $X in 2021, and then shrank rapidly in the following year.

Book Folding Machine Exports

Exports from China

Book folding machine exports from China soared to X units in 2022, increasing by 74% on the previous year's figure. In general, exports enjoyed a resilient increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, book folding machine exports totaled $X in 2022. The total export value increased at an average annual rate of +4.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 33% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Malaysia (X units) was the main destination for book folding machine exports from China, accounting for a 33% share of total exports. Moreover, book folding machine exports to Malaysia exceeded the volume sent to the second major destination, the United States (X units), fivefold. The third position in this ranking was taken by South Korea (X units), with a 4.4% share.

From 2012 to 2022, the average annual growth rate of volume to Malaysia totaled +56.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+20.3% per year) and South Korea (+19.6% per year).

In value terms, the largest markets for book folding machine exported from China were Vietnam ($X), the United States ($X) and Malaysia ($X), with a combined 28% share of total exports. Singapore, South Korea, Russia, the Philippines, Australia, Mexico, Japan, the United Arab Emirates, the Netherlands and Morocco lagged somewhat behind, together comprising a further 22%.

Among the main countries of destination, Singapore, with a CAGR of +29.6%, recorded the highest rates of growth with regard to 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 average book folding machine export price stood at $X per unit in 2022, shrinking by -36.8% against the previous year. Overall, the export price showed a abrupt decline. The most prominent rate of growth was recorded in 2013 an increase of 15% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($X per unit), while the average price for exports to Malaysia ($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 Vietnam (+2.5%), while the prices for the other major destinations experienced a decline.

Book Folding Machine Imports

Imports into China

In 2022, supplies from abroad of folding machines for books decreased by -22.7% to X units for the first time since 2016, thus ending a five-year rising trend. In general, imports, however, continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2018 with an increase of 103%. Imports peaked at X units in 2021, and then dropped rapidly in the following year.

In value terms, book folding machine imports reduced dramatically to $X in 2022. Overall, imports saw a pronounced setback. The pace of growth appeared the most rapid in 2017 with an increase of 34% against the previous year. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Germany (X units) constituted the largest book folding machine supplier to China, with a 56% share of total imports. Moreover, book folding machine imports from Germany exceeded the figures recorded by the second-largest supplier, Switzerland (X units), twofold. Italy (X units) ranked third in terms of total imports with a 9.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany amounted to +17.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+14.6% per year) and Italy (+16.8% per year).

In value terms, Germany ($X) constituted the largest supplier of folding machines for books to China, comprising 46% of total imports. The second position in the ranking was held by Switzerland ($X), with an 18% share of total imports. It was followed by Japan, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany amounted to -3.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (-7.8% per year) and Japan (-1.8% per year).

Import Prices by Country

In 2022, the average book folding machine import price amounted to $X per unit, waning by -34.8% against the previous year. Overall, the import price showed a abrupt decline. The pace of growth was the most pronounced in 2013 an increase of 11%. Over the period under review, average import prices attained the maximum at $X per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

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 Japan ($X per unit), while the price for Switzerland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (-2.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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