China: Gravure Printing Machinery Market 2024

Gravure Printing Machinery Market Size in China

The Chinese gravure printing machinery market declined to $X in 2022, falling by -6.3% against the previous year. Over the period under review, consumption saw a mild descent. Gravure printing machinery consumption peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Gravure Printing Machinery Production in China

In value terms, gravure printing machinery production expanded significantly to $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 40%. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Gravure Printing Machinery Exports

Exports from China

In 2022, approx. X units of gravure printing machinery were exported from China; growing by 19% compared with the previous year. Overall, total exports indicated slight growth from 2012 to 2022: its volume increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +64.0% against 2020 indices. The growth pace was the most rapid in 2017 when exports increased by 71% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, gravure printing machinery exports rose rapidly to $X in 2022. Over the period under review, total exports indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +42.7% against 2020 indices. The pace of growth was the most pronounced in 2014 when exports increased by 38%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Vietnam (X units), the United States (X units) and Nigeria (X units) were the main destinations of gravure printing machinery exports from China, together comprising 37% of total exports. Mexico, Tanzania, Thailand, Malaysia, India, Saudi Arabia, South Korea, Ghana, Indonesia and Lebanon lagged somewhat behind, together accounting for a further 34%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Lebanon (with a CAGR of +62.7%), while the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), India ($X) and Malaysia ($X) appeared to be the largest markets for gravure printing machinery exported from China worldwide, with a combined 41% share of total exports. Indonesia, Thailand, Nigeria, Mexico, South Korea, the United States, Saudi Arabia, Tanzania, Ghana and Lebanon lagged somewhat behind, together comprising a further 34%.

In terms of the main countries of destination, Lebanon, with a CAGR of +54.8%, 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

In 2022, the average gravure printing machinery export price amounted to $X per unit, reducing by -9.5% against the previous year. Overall, export price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, gravure printing machinery export price increased by +9.1% against 2019 indices. The growth pace was the most rapid in 2014 when the average export price increased by 86%. The export price peaked at $X per unit in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($X per unit), while the average price for exports to Lebanon ($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 the United States (+12.3%), while the prices for the other major destinations experienced more modest paces of growth.

Gravure Printing Machinery Imports

Imports into China

In 2022, overseas purchases of gravure printing machinery increased by 26% to X units, rising for the second consecutive year after three years of decline. Over the period under review, imports, however, showed a deep setback. Over the period under review, imports reached the peak figure at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, gravure printing machinery imports skyrocketed to $X in 2022. Overall, imports, however, faced a deep contraction. The most prominent rate of growth was recorded in 2020 with an increase of 92% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Switzerland (X units) constituted the largest gravure printing machinery supplier to China, with a 76% share of total imports. Moreover, gravure printing machinery imports from Switzerland exceeded the figures recorded by the second-largest supplier, Japan (X units), ninefold. The third position in this ranking was held by South Korea (X units), with a 3.4% share.

From 2012 to 2022, the average annual growth rate of volume from Switzerland totaled -9.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-7.6% per year) and South Korea (-18.8% per year).

In value terms, Switzerland ($X), Japan ($X) and South Korea ($X) constituted the largest gravure printing machinery suppliers to China, together comprising 89% of total imports. Denmark, Germany, the United States and Italy lagged somewhat behind, together accounting for a further 9.3%.

In terms of the main suppliers, Denmark, with a CAGR of +25.1%, recorded 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 trend patterns.

Import Prices by Country

In 2022, the average gravure printing machinery import price amounted to $X per unit, increasing by 30% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2020 an increase of 117% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2012; however, from 2013 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 South Korea ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+25.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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