Eastern Asia: Printing Press Market 2024

Printing Press Market Size in Eastern Asia

The East Asian printing press market declined to $X in 2022, reducing by -12.7% against the previous year. In general, consumption, however, showed a abrupt decrease. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Printing Press Production in Eastern Asia

In value terms, printing press production fell to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 28% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Printing Press Exports

Exports in Eastern Asia

In 2022, after two years of growth, there was decline in overseas shipments of printing presses, when their volume decreased by -3% to X units. Overall, exports showed a abrupt decrease. The pace of growth appeared the most rapid in 2020 with an increase of 11% against the previous year. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, printing press exports shrank modestly to $X in 2022. Over the period under review, exports recorded a mild downturn. The pace of growth was the most pronounced in 2021 when exports increased by 25% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, China (X units) represented the major exporter of printing presses, constituting 60% of total exports. Taiwan (Chinese) (X units) held the second position in the ranking, followed by Japan (X units). All these countries together took approx. 36% share of total exports. The following exporters - South Korea (X units) and Hong Kong SAR (X units) - each accounted for a 4% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to printing press exports from China stood at +6.0%. At the same time, Japan (+8.2%) and South Korea (+1.8%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +8.2% from 2012-2022. By contrast, Taiwan (Chinese) (-17.1%) and Hong Kong SAR (-17.2%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China and Japan increased by +42 and +12 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Japan ($X) and Taiwan (Chinese) ($X) constituted the countries with the highest levels of exports in 2022, with a combined 94% share of total exports.

Among the main exporting countries, China, with a CAGR of +6.8%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2022, increasing by 1.9% against the previous year. Export price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, printing press export price increased by +22.2% against 2020 indices. The pace of growth was the most pronounced in 2016 an increase of 21%. The level of export peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per unit), while Taiwan (Chinese) ($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) (+13.0%), while the other leaders experienced mixed trends in the export price figures.

Printing Press Imports

Imports in Eastern Asia

Printing press imports contracted markedly to X units in 2022, which is down by -33.8% compared with the year before. Over the period under review, imports showed a deep downturn. The most prominent rate of growth was recorded in 2013 with an increase of 19%. As a result, imports attained the peak of X units. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, printing press imports dropped markedly to $X in 2022. In general, imports continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 31%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, South Korea (X units) was the main importer of printing presses, making up 56% of total imports. Hong Kong SAR (X units) ranks second in terms of the total imports with a 19% share, followed by Japan (11%), Taiwan (Chinese) (6.6%) and China (6.2%).

South Korea was also the fastest-growing in terms of the printing presses imports, with a CAGR of +5.9% from 2012 to 2022. Taiwan (Chinese) (-5.6%), China (-9.6%), Japan (-15.0%) and Hong Kong SAR (-18.7%) illustrated a downward trend over the same period. While the share of South Korea (+45 p.p.) and Taiwan (Chinese) (+2.3 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Japan (-9.8 p.p.) and Hong Kong SAR (-36.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported printing presses in Eastern Asia, comprising 73% of total imports. The second position in the ranking was held by South Korea ($X), with a 15% share of total imports. It was followed by Japan, with a 6.1% share.

In China, printing press imports declined by an average annual rate of -5.9% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (+3.3% per year) and Japan (-7.0% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per unit in 2022, with an increase of 12% against the previous year. Over the last decade, it increased at an average annual rate of +3.0%. The pace of growth appeared the most rapid in 2014 an increase of 17%. The level of import peaked in 2022 and is likely to continue growth in the near future.

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 Japan (+9.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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