Hong Kong SAR, China: Market for Reel Fed Offset Printing Machinery 2025

Market Size for Reel Fed Offset Printing Machinery in Hong Kong SAR, China

The Hong Kong market for reel fed offset printing machinery skyrocketed to $X in 2022, growing by 40% against the previous year. In general, consumption, however, continues to indicate a deep reduction. Reel fed offset printing machinery consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Reel Fed Offset Printing Machinery in Hong Kong SAR, China

In value terms, reel fed offset printing machinery production shrank to $X in 2022 estimated in export price. Overall, production saw a abrupt contraction. The pace of growth appeared the most rapid in 2021 with an increase of 2.3% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Reel Fed Offset Printing Machinery

Exports from Hong Kong SAR, China

In 2022, approx. X units of reel fed offset printing machinery were exported from Hong Kong SAR; which is down by -35.2% against the previous year's figure. Over the period under review, exports saw a abrupt descent. The growth pace was the most rapid in 2021 with an increase of 228%. The exports peaked at X units in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, reel fed offset printing machinery exports contracted sharply to $X in 2022. Overall, exports faced a sharp reduction. The most prominent rate of growth was recorded in 2021 with an increase of 212%. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

China (X units) was the main destination for reel fed offset printing machinery exports from Hong Kong SAR, with a 89% share of total exports. It was followed by Vietnam (X units), with a 2.2% share of total exports. The third position in this ranking was held by Indonesia (X units), with a 0.4% share.

From 2012 to 2022, the average annual growth rate of volume to China totaled -16.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+17.5% per year) and Indonesia (-36.2% per year).

In value terms, China ($X) remains the key foreign market for reel fed offset printing machinery exports from Hong Kong SAR, comprising 96% of total exports. The second position in the ranking was held by Vietnam ($X), with a 3.3% share of total exports. It was followed by Indonesia, with a 0.7% share.

From 2012 to 2022, the average annual growth rate of value to China stood at -32.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+10.6% per year) and Indonesia (-43.5% per year).

Export Prices by Country

The average export price for reel fed offset printing machinery stood at $X per unit in 2022, with an increase of 1.8% against the previous year. Overall, the export price, however, recorded a abrupt downturn. Over the period under review, the average export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($X per unit), while the average price for exports to the UK ($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 Vietnam (-5.8%), while the prices for the other major destinations experienced a decline.

Imports of Reel Fed Offset Printing Machinery

Imports into Hong Kong SAR, China

In 2022, purchases abroad of reel fed offset printing machinery was finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, saw a drastic downturn. The most prominent rate of growth was recorded in 2017 with an increase of 349% against the previous year. Over the period under review, imports reached the maximum at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, reel fed offset printing machinery imports skyrocketed to $X in 2022. Overall, imports, however, showed a precipitous slump. The most prominent rate of growth was recorded in 2017 with an increase of 506%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Spain (X units) constituted the largest supplier of reel fed offset printing machinery to Hong Kong SAR, with a 18% share of total imports. Moreover, reel fed offset printing machinery imports from Spain exceeded the figures recorded by the second-largest supplier, Canada (X units), threefold. The UK (X units) ranked third in terms of total imports with a 3.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain amounted to -3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+0.3% per year) and the UK (-36.5% per year).

In value terms, the largest reel fed offset printing machinery suppliers to Hong Kong SAR were Spain ($X), Belgium ($X) and Australia ($X), with a combined 31% share of total imports. South Korea, Austria, the United States, Japan, Italy, Canada, the UK, Indonesia, Singapore and Thailand lagged somewhat behind, together accounting for a further 31%.

In terms of the main suppliers, Thailand, with a CAGR of +108.1%, 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 mixed trend patterns.

Import Prices by Country

In 2022, the average import price for reel fed offset printing machinery amounted to $X per unit, which is down by -48.7% against the previous year. Overall, the import price continues to indicate a noticeable reduction. The pace of growth appeared the most rapid in 2021 when the average import price increased by 107%. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per unit), while the price for Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+30.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :