EU: Market for Reel Fed Letterpress Printing Machinery 2024

Market Size for Reel Fed Letterpress Printing Machinery in the EU

The EU market for reel fed letterpress printing machinery skyrocketed to $X in 2022, growing by 47% against the previous year. Over the period under review, consumption continues to indicate a remarkable increase. The level of consumption peaked in 2022 and is expected to retain growth in the immediate term.

Production of Reel Fed Letterpress Printing Machinery in the EU

In value terms, reel fed letterpress printing machinery production declined slightly to $X in 2022 estimated in export price. In general, production, however, saw a mild setback. The most prominent rate of growth was recorded in 2018 with an increase of 22% against the previous year. As a result, production attained 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 the EU

In 2022, overseas shipments of reel fed letterpress printing machinery increased by 239% to X units, rising for the second year in a row after two years of decline. Overall, exports saw a mild expansion. The pace of growth was the most pronounced in 2015 with an increase of 598% against the previous year. As a result, the exports reached 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 shrank rapidly to $X in 2022. Over the period under review, exports, however, saw a drastic downturn. The most prominent rate of growth was recorded in 2014 when exports increased by 110% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

In 2022, France (X units) was the key exporter of reel fed letterpress printing machinery, committing 73% of total exports. It was distantly followed by Italy (X units), creating a 20% share of total exports. The following exporters - Portugal (X units) and Spain (X units) - together made up 4.9% of total exports.

France was also the fastest-growing in terms of the reel fed letterpress printing machinery exports, with a CAGR of +10.4% from 2012 to 2022. Spain experienced a relatively flat trend pattern. Portugal (-3.3%) and Italy (-8.2%) illustrated a downward trend over the same period. From 2012 to 2022, the share of France increased by +43 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Italy ($X) remains the largest reel fed letterpress printing machinery supplier in the European Union, comprising 57% of total exports. The second position in the ranking was held by Spain ($X), with a 13% share of total exports. It was followed by Portugal, with an 8% share.

In Italy, reel fed letterpress printing machinery exports shrank by an average annual rate of -12.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Spain (-2.9% per year) and Portugal (-9.1% per year).

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per unit, dropping by -77.8% against the previous year. Over the period under review, the export price recorded a abrupt downturn. The pace of growth was the most pronounced in 2016 an increase of 1,446%. The level of export peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat 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 Spain ($X per unit), while France ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (-2.5%), while the other leaders experienced a decline in the export price figures.

Imports of Reel Fed Letterpress Printing Machinery

Imports in the EU

In 2022, the amount of reel fed letterpress printing machinery imported in the European Union skyrocketed to X units, jumping by 69% on the previous year. In general, imports, however, showed a slight downturn. The volume of import peaked at X units in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, reel fed letterpress printing machinery imports reduced to $X in 2022. Overall, imports, however, showed a deep reduction. The most prominent rate of growth was recorded in 2017 when imports increased by 40% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Italy (X units) and France (X units) were the main importers of reel fed letterpress printing machinery in the European Union, together comprising 52% of total imports. It was distantly followed by the Netherlands (X units), Spain (X units), Portugal (X units) and Belgium (X units), together comprising a 37% share of total imports. The Czech Republic (X units) and Slovenia (X units) took a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +69.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), France ($X) and Portugal ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for 62% of total imports. Spain, Slovenia, the Netherlands, Belgium and the Czech Republic lagged somewhat behind, together accounting for a further 17%.

The Netherlands, with a CAGR of +70.3%, recorded 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

In 2022, the import price in the European Union amounted to $X per unit, shrinking by -46.2% against the previous year. Overall, the import price recorded a noticeable reduction. The pace of growth was the most pronounced in 2020 when the import price increased by 146%. As a result, import price reached the peak level of $X per unit. From 2021 to 2022, the import prices remained at a 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 Slovenia ($X per unit), while the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+1.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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