China: Multitask Printer Market 2024

Multitask Printer Market Size in China

The Chinese multitask printer market fell slightly to $X in 2022, shrinking by -1.9% against the previous year. Overall, consumption enjoyed a buoyant expansion. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Multitask Printer Production in China

In value terms, multitask printer production fell to $X in 2022 estimated in export price. In general, production recorded a slight downturn. The most prominent rate of growth was recorded in 2021 when the production volume increased by 13% against the previous year. Multitask printer production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Multitask Printer Exports

Exports from China

In 2022, overseas shipments of multitask printers, copymachines and facsimile machines increased by 3.7% to X units, rising for the second year in a row after two years of decline. In general, exports, however, showed a deep contraction. The pace of growth was the most pronounced in 2018 with an increase of 38%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, multitask printer exports reached $X in 2022. Overall, exports, however, recorded a abrupt slump. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X units), Germany (X units) and the Netherlands (X units) were the main destinations of multitask printer exports from China, together accounting for 51% of total exports. India, Greece, the United Arab Emirates, Panama, Russia, Australia, South Korea, Mexico, Japan and Singapore lagged somewhat behind, together accounting for a further 34%.

From 2012 to 2022, the biggest increases were recorded for Greece (with a CAGR of +130.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for multitask printer exported from China were the United States ($X), the Netherlands ($X) and Japan ($X), together accounting for 47% of total exports. Germany, India, South Korea, Australia, the United Arab Emirates, Russia, Singapore, Mexico, Panama and Greece lagged somewhat behind, together accounting for a further 33%.

Greece, with a CAGR of +127.6%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination 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 multitask printer export price amounted to $X per unit, picking up by 8.6% against the previous year. In general, the export price, however, recorded a mild shrinkage. The most prominent rate of growth was recorded in 2017 an increase of 43%. As a result, the export price reached the peak level of $X per unit. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per unit), while the average price for exports to Greece ($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 Japan (+8.2%), while the prices for the other major destinations experienced more modest paces of growth.

Multitask Printer Imports

Imports into China

In 2022, the amount of multitask printers, copymachines and facsimile machines imported into China soared to X units, increasing by 41% on 2021 figures. In general, imports saw strong growth. The growth pace was the most rapid in 2017 with an increase of 56%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.

In value terms, multitask printer imports surged to $X in 2022. Overall, imports posted resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Vietnam (X units), Thailand (X units) and the Philippines (X units) were the main suppliers of multitask printer imports to China, with a combined 76% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +37.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Thailand ($X) and the Philippines ($X) constituted the largest multitask printer suppliers to China, together accounting for 55% of total imports.

Among the main suppliers, Thailand, with a CAGR of +36.8%, recorded 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 multitask printer import price amounted to $X per unit, growing by 10% against the previous year. Over the last decade, it increased at an average annual rate of +3.8%. The pace of growth was the most pronounced in 2014 when the average import price increased by 28%. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($X per unit), while the price for Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+36.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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