EU: Flexographic Printing Machinery Market 2024

Flexographic Printing Machinery Market Size in the EU

In 2022, the EU flexographic printing machinery market decreased by -6.9% to $X, falling for the second consecutive year after three years of growth. Overall, consumption showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of 9% against the previous year. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Flexographic Printing Machinery Production in the EU

In value terms, flexographic printing machinery production soared to $X in 2022 estimated in export price. In general, production saw a buoyant increase. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Flexographic Printing Machinery Exports

Exports in the EU

For the third consecutive year, the European Union recorded growth in overseas shipments of flexographic printing machinery, which increased by 76% to X units in 2022. In general, exports showed strong growth. The pace of growth appeared the most rapid in 2021 when exports increased by 90% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in years to come.

In value terms, flexographic printing machinery exports reduced to $X in 2022. Overall, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 17% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Bulgaria was the major exporting country with an export of about X units, which amounted to 57% of total exports. The Netherlands (X units) took a 29% share (based on physical terms) of total exports, which put it in second place, followed by Italy (6%). France (X units) took a relatively small share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Bulgaria (with a CAGR of +133.0%), while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) remains the largest flexographic printing machinery supplier in the European Union, comprising 19% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 7.2% share of total exports. It was followed by France, with a 6.7% share.

From 2012 to 2022, the average annual growth rate of value in Italy was relatively modest. In the other countries, the average annual rates were as follows: the Netherlands (+1.7% per year) and France (+0.9% per year).

Export Prices by Country

The export price in the European Union stood at $X per unit in 2022, reducing by -45.1% against the previous year. Overall, the export price recorded a abrupt setback. The growth pace was the most rapid in 2015 an increase of 29%. Over the period under review, the export prices hit record highs at $X per unit in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

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 France ($X per unit), while Bulgaria ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (-3.7%), while the other leaders experienced a decline in the export price figures.

Flexographic Printing Machinery Imports

Imports in the EU

In 2022, imports of flexographic printing machinery in the European Union fell to X units, dropping by -10.8% on 2021. In general, imports, however, enjoyed a buoyant expansion. The growth pace was the most rapid in 2020 when imports increased by 100%. As a result, imports reached the peak of X units. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, flexographic printing machinery imports expanded significantly to $X in 2022. The total import value increased at an average annual rate of +1.4% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 with an increase of 26%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, the Netherlands (X units) represented the main importer of flexographic printing machinery, mixing up 44% of total imports. Italy (X units) held a 16% share (based on physical terms) of total imports, which put it in second place, followed by Spain (10%), Greece (7.8%) and Finland (5.4%). France (X units) and Slovakia (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to flexographic printing machinery imports into the Netherlands stood at +2.9%. At the same time, Greece (+28.9%), Italy (+20.3%), Finland (+17.1%), Spain (+6.1%) and Slovakia (+5.6%) displayed positive paces of growth. Moreover, Greece emerged as the fastest-growing importer imported in the European Union, with a CAGR of +28.9% from 2012-2022. By contrast, France (-3.1%) illustrated a downward trend over the same period. While the share of Italy (+12 p.p.), Greece (+6.8 p.p.) and Finland (+3.5 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of France (-5.5 p.p.) and the Netherlands (-11.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest flexographic printing machinery importing markets in the European Union were France ($X), Italy ($X) and the Netherlands ($X), together comprising 35% of total imports. Spain, Finland, Greece and Slovakia lagged somewhat behind, together accounting for a further 13%.

In terms of the main importing countries, Finland, with a CAGR of +23.3%, 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 the European Union stood at $X per unit in 2022, picking up by 29% against the previous year. Over the period under review, the import price, however, saw a pronounced contraction. The most prominent rate of growth was recorded in 2021 an increase of 69% against the previous year. The level of import peaked at $X per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was France ($X per unit), while the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+5.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :