Eastern Europe: Market for Reel Fed Letterpress Printing Machinery 2024

Market Size for Reel Fed Letterpress Printing Machinery in Eastern Europe

In 2022, the East European market for reel fed letterpress printing machinery increased by 5% to $X, rising for the second year in a row after two years of decline. Overall, consumption, however, showed a slight expansion. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Reel Fed Letterpress Printing Machinery in Eastern Europe

In value terms, reel fed letterpress printing machinery production contracted modestly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 20%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Exports of Reel Fed Letterpress Printing Machinery

Exports in Eastern Europe

Reel fed letterpress printing machinery exports declined to X units in 2022, waning by -11.1% compared with the previous year's figure. Over the period under review, exports, however, saw a tangible increase. The pace of growth was the most pronounced in 2015 when exports increased by 29,598% against the previous year. As a result, the exports attained the peak of X units. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, reel fed letterpress printing machinery exports surged to $X in 2022. In general, exports, however, enjoyed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Poland (X units) and Romania (X units) represented the largest exporters of reel fed letterpress printing machinery in 2022, recording near 34% and 25% of total exports, respectively. Ukraine (X units) ranks next in terms of the total exports with a 13% share, followed by Bulgaria (9.4%) and Estonia (6.2%). The following exporters - Belarus (X units), Hungary (X units) and Latvia (X units) - each amounted to a 9.4% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Romania (with a CAGR of +23.1%), while the other leaders experienced more modest paces of growth.

In value terms, Estonia ($X) emerged as the largest reel fed letterpress printing machinery supplier in Eastern Europe, comprising 93% of total exports. The second position in the ranking was held by Poland ($X), with a 2.5% share of total exports. It was followed by Romania, with a 1.4% share.

From 2012 to 2022, the average annual growth rate of value in Estonia amounted to +147.6%. In the other countries, the average annual rates were as follows: Poland (-1.0% per year) and Romania (+22.6% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per unit in 2022, with an increase of 1,091% against the previous year. In general, the export price recorded prominent growth. The most prominent rate of growth was recorded in 2016 an increase of 76,542%. The level of export peaked in 2022 and is likely to continue growth in the near future.

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 Estonia ($X per unit), while Latvia ($X per unit) was amongst the lowest.

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

Imports of Reel Fed Letterpress Printing Machinery

Imports in Eastern Europe

Reel fed letterpress printing machinery imports contracted slightly to X units in 2022, reducing by -2% against the year before. In general, imports, however, enjoyed a slight increase. The pace of growth was the most pronounced in 2014 with an increase of 79% against the previous year. Over the period under review, imports attained the peak figure at X units in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, reel fed letterpress printing machinery imports fell to $X in 2022. Overall, imports continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2018 with an increase of 112% against the previous year. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Moldova was the key importer of reel fed letterpress printing machinery in Eastern Europe, with the volume of imports recording X units, which was approx. 39% of total imports in 2022. It was distantly followed by the Czech Republic (X units), Romania (X units), Russia (X units), Ukraine (X units) and Hungary (X units), together constituting a 55% share of total imports. Poland (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Moldova (with a CAGR of +57.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest reel fed letterpress printing machinery importing markets in Eastern Europe were Romania ($X), Russia ($X) and Moldova ($X), with a combined 86% share of total imports.

Among the main importing countries, Moldova, with a CAGR of +89.5%, 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 more modest paces of growth.

Import Prices by Country

The import price in Eastern Europe stood at $X per unit in 2022, dropping by -5.6% against the previous year. Over the period under review, the import price recorded a deep downturn. The pace of growth was the most pronounced in 2013 when the import price increased by 83%. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Romania ($X per unit), while the Czech Republic ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+20.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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