Eastern Asia: Flexographic Printing Machinery Market 2024

Flexographic Printing Machinery Market Size in Eastern Asia

In 2022, the East Asian flexographic printing machinery market decreased by -2.9% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Flexographic Printing Machinery Production in Eastern Asia

In value terms, flexographic printing machinery production fell modestly to $X in 2022 estimated in export price. Overall, production continues to indicate a slight slump. The pace of growth was the most pronounced in 2015 with an increase of 4.6%. Over the period under review, production attained the maximum level at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Flexographic Printing Machinery Exports

Exports in Eastern Asia

In 2022, after two years of decline, there was significant growth in overseas shipments of flexographic printing machinery, when their volume increased by 11% to X units. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 44% against the previous year. As a result, the exports reached the peak of X units. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, flexographic printing machinery exports soared to $X in 2022. The total export value increased at an average annual rate of +1.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China was the main exporting country with an export of about X units, which reached 59% of total exports. Taiwan (Chinese) (X units) took a 31% share (based on physical terms) of total exports, which put it in second place, followed by Hong Kong SAR (6.4%). Japan (X units) took a minor share of total exports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +14.6%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, China ($X) remains the largest flexographic printing machinery supplier in Eastern Asia, comprising 68% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 29% share of total exports. It was followed by Japan, with a 1.7% share.

In China, flexographic printing machinery exports expanded at an average annual rate of +15.5% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Taiwan (Chinese) (-3.9% per year) and Japan (-20.7% per year).

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per unit, with an increase of 3.5% against the previous year. Export price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, flexographic printing machinery export price increased by +60.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of 35% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was China ($X per unit), while Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+0.8%), while the other leaders experienced mixed trends in the export price figures.

Flexographic Printing Machinery Imports

Imports in Eastern Asia

In 2022, the amount of flexographic printing machinery imported in Eastern Asia reduced dramatically to X units, declining by -34.4% on 2021. Over the period under review, imports showed a drastic downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 125% against the previous year. Over the period under review, imports attained the peak figure at X units in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, flexographic printing machinery imports soared to $X in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by 54% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, South Korea (X units) and Hong Kong SAR (X units) represented the major importers of flexographic printing machinery in Eastern Asia, together committing 79% of total imports. It was distantly followed by China (X units), Japan (X units) and Taiwan (Chinese) (X units), together comprising a 21% share of total imports.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +14.9%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, China ($X), South Korea ($X) and Taiwan (Chinese) ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for 94% of total imports.

South Korea, with a CAGR of +20.4%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Asia stood at $X per unit in 2022, surging by 104% against the previous year. Overall, the import price recorded prominent growth. Over the period under review, import prices hit record highs at $X per unit in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per unit), while Hong Kong SAR ($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) (+18.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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