Hong Kong SAR, China: Printing Press Market 2024

Printing Press Market Size in Hong Kong SAR, China

The Hong Kong printing press market declined significantly to $X in 2022, waning by -53% against the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Printing Press Production in Hong Kong SAR, China

In value terms, printing press production shrank sharply to $X in 2022 estimated in export price. Overall, production, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 when the production volume increased by 508% against the previous year. Printing press production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Printing Press Exports

Exports from Hong Kong SAR, China

For the fourth year in a row, Hong Kong SAR recorded decline in shipments abroad of printing presses, which decreased by -29% to X units in 2022. Over the period under review, exports showed a abrupt setback. The most prominent rate of growth was recorded in 2015 with an increase of 21%. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, printing press exports shrank significantly to $X in 2022. Overall, exports recorded a precipitous descent. The pace of growth appeared the most rapid in 2017 when exports increased by 18%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

India (X units), China (X units) and the Philippines (X units) were the main destinations of printing press exports from Hong Kong SAR, together comprising 61% of total exports. Vietnam, Indonesia, the United States, Japan, the UK, Mexico, France, the Netherlands, Cambodia and South Africa lagged somewhat behind, together comprising a further 28%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +45.0%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the key foreign market for printing presses exports from Hong Kong SAR, comprising 38% of total exports. The second position in the ranking was taken by Vietnam ($X), with a 14% share of total exports. It was followed by Indonesia, with a 13% share.

From 2012 to 2022, the average annual growth rate of value to China totaled -29.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+9.8% per year) and Indonesia (-1.4% per year).

Export Prices by Country

In 2022, the average printing press export price amounted to $X per unit, reducing by -57.4% against the previous year. Overall, the export price saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 when the average export price increased by 40% against the previous year. The export price peaked at $X per unit in 2021, and then fell sharply in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($X per unit), while the average price for exports to the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+24.6%), while the prices for the other major destinations experienced more modest paces of growth.

Printing Press Imports

Imports into Hong Kong SAR, China

In 2022, supplies from abroad of printing presses was finally on the rise to reach X units after two years of decline. Over the period under review, imports, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2019 with an increase of 142%. Imports peaked at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, printing press imports contracted significantly to $X in 2022. In general, imports, however, saw a significant curtailment. The pace of growth appeared the most rapid in 2017 with an increase of 19% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of printing press to Hong Kong SAR, accounting for a 42% share of total imports. Moreover, printing press imports from China exceeded the figures recorded by the second-largest supplier, Spain (X units), fivefold. The third position in this ranking was held by Canada (X units), with a 3.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to -17.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-4.1% per year) and Canada (-1.4% per year).

In value terms, China ($X) constituted the largest supplier of printing presses to Hong Kong SAR, comprising 36% of total imports. The second position in the ranking was taken by Japan ($X), with a 4.9% share of total imports. It was followed by Spain, with a 2.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at -16.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-34.0% per year) and Spain (-24.8% per year).

Import Prices by Country

In 2022, the average printing press import price amounted to $X per unit, declining by -73.6% against the previous year. In general, the import price recorded a abrupt contraction. The pace of growth was the most pronounced in 2014 when the average import price increased by 65%. The import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per unit), while the price for Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+1.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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