China: Printing Press Market 2024

Printing Press Market Size in China

In 2022, the Chinese printing press market was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. Overall, consumption, however, showed a perceptible decline. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Printing Press Production in China

In value terms, printing press production shrank to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 40% against the previous year. Printing press production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Printing Press Exports

Exports from China

In 2022, overseas shipments of printing presses decreased by -11.3% to X units for the first time since 2016, thus ending a five-year rising trend. Over the period under review, exports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2018 when exports increased by 37% against the previous year. Over the period under review, the exports hit record highs at X units in 2021, and then reduced in the following year.

In value terms, printing press exports surged to $X in 2022. In general, total exports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +6.8% 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 +52.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 26%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

The United States (X units) was the main destination for printing press exports from China, with a 34% share of total exports. Moreover, printing press exports to the United States exceeded the volume sent to the second major destination, Vietnam (X units), fivefold. India (X units) ranked third in terms of total exports with a 4.9% share.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled +11.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+22.1% per year) and India (+9.7% per year).

In value terms, Vietnam ($X), the United States ($X) and India ($X) appeared to be the largest markets for printing press exported from China worldwide, with a combined 29% share of total exports. Indonesia, Russia, Mexico, Nigeria, Germany, Brazil, Argentina, Canada, the Netherlands and Tanzania lagged somewhat behind, together accounting for a further 20%.

In terms of the main countries of destination, Tanzania, with a CAGR of +21.6%, saw 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

In 2022, the average printing press export price amounted to $X per unit, jumping by 36% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average export price increased by 43%. Over the period under review, the average export prices attained the maximum at $X per unit in 2017; however, from 2018 to 2022, the export prices remained at a 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 Vietnam ($X per unit), while the average price for exports to Tanzania ($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 Germany (+11.4%), while the prices for the other major destinations experienced mixed trend patterns.

Printing Press Imports

Imports into China

In 2022, printing press imports into China fell to X units, reducing by -7.6% against 2021 figures. Over the period under review, imports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 74%. Over the period under review, imports attained the maximum at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, printing press imports shrank dramatically to $X in 2022. Overall, imports showed a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of 38% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Germany (X units), Japan (X units) and South Korea (X units) were the main suppliers of printing press imports to China, together comprising 68% of total imports. Switzerland, Italy, the United States and Portugal lagged somewhat behind, together comprising a further 6.5%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Portugal (with a CAGR of +20.1%), while imports for the other leaders experienced a decline.

In value terms, Germany ($X) constituted the largest supplier of printing presses to China, comprising 58% of total imports. The second position in the ranking was taken by Japan ($X), with a 28% share of total imports. It was followed by the United States, with a 2.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany totaled -4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-4.2% per year) and the United States (-8.6% per year).

Import Prices by Country

In 2022, the average printing press import price amounted to $X per unit, reducing by -20.2% against the previous year. Over the period under review, the import price, however, showed a moderate increase. The most prominent rate of growth was recorded in 2018 an increase of 160% against the previous year. The import price peaked at $X per unit in 2021, and then fell rapidly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+25.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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