Latin America and the Caribbean: Market for Reel Fed Offset Printing Machinery 2024

Market Size for Reel Fed Offset Printing Machinery in Latin America and the Caribbean

The Latin American market for reel fed offset printing machinery shrank sharply to $X in 2022, which is down by -41.5% against the previous year. Over the period under review, consumption recorded a deep contraction. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Reel Fed Offset Printing Machinery in Latin America and the Caribbean

In value terms, reel fed offset printing machinery production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 when the production volume increased by 1,057% against the previous year. The level of production peaked in 2022 and is expected to retain growth in the immediate term.

Exports of Reel Fed Offset Printing Machinery

Exports in Latin America and the Caribbean

In 2022, exports of reel fed offset printing machinery in Latin America and the Caribbean surged to X units, increasing by 115% compared with the year before. Overall, exports posted a strong increase. The most prominent rate of growth was recorded in 2020 with an increase of 2,365% against the previous year. As a result, the exports attained the peak of X units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, reel fed offset printing machinery exports rose slightly to $X in 2022. In general, exports, however, recorded a deep contraction. The most prominent rate of growth was recorded in 2016 with an increase of 376% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The biggest shipments were from the Dominican Republic (X units), Brazil (X units) and Chile (X units), together accounting for 69% of total export. Panama (X units) took a 12% share (based on physical terms) of total exports, which put it in second place, followed by Colombia (6.8%). Argentina (X units) and Puerto Rico (X units) held 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 Panama (with a CAGR of +182.4%), while the other leaders experienced more modest paces of growth.

In value terms, Chile ($X) remains the largest reel fed offset printing machinery supplier in Latin America and the Caribbean, comprising 41% of total exports. The second position in the ranking was taken by the Dominican Republic ($X), with a 14% share of total exports. It was followed by Colombia, with a 9.2% share.

From 2012 to 2022, the average annual growth rate of value in Chile was relatively modest. In the other countries, the average annual rates were as follows: the Dominican Republic (+18.4% per year) and Colombia (-4.0% per year).

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per unit, with a decrease of -51.7% against the previous year. Over the period under review, the export price saw a abrupt decrease. The pace of growth was the most pronounced in 2021 when the export price increased by 2,398% against the previous year. Over the period under review, the export prices attained the maximum at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Puerto Rico ($X per unit), while Panama ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Puerto Rico (+19.2%), while the other leaders experienced more modest paces of growth.

Imports of Reel Fed Offset Printing Machinery

Imports in Latin America and the Caribbean

In 2022, approx. X units of reel fed offset printing machinery were imported in Latin America and the Caribbean; waning by -35.9% against 2021. Over the period under review, imports continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2019 with an increase of 252% against the previous year. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, reel fed offset printing machinery imports contracted to $X in 2022. In general, imports recorded a abrupt setback. The most prominent rate of growth was recorded in 2021 when imports increased by 86%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Cuba was the main importing country with an import of around X units, which reached 58% of total imports. The Dominican Republic (X units) took a 25% share (based on physical terms) of total imports, which put it in second place, followed by Brazil (6.8%).

Cuba was also the fastest-growing in terms of the reel fed offset printing machinery imports, with a CAGR of +22.8% from 2012 to 2022. At the same time, the Dominican Republic (+22.2%) displayed positive paces of growth. By contrast, Brazil (-31.5%) illustrated a downward trend over the same period. Cuba (+55 p.p.) and the Dominican Republic (+24 p.p.) significantly strengthened its position in terms of the total imports, while Brazil saw its share reduced by -75.3% from 2012 to 2022, respectively.

In value terms, the largest reel fed offset printing machinery importing markets in Latin America and the Caribbean were Cuba ($X), the Dominican Republic ($X) and Brazil ($X), together accounting for 24% of total imports.

Cuba, with a CAGR of +22.2%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per unit in 2022, with an increase of 39% against the previous year. In general, the import price, however, continues to indicate a pronounced setback. The most prominent rate of growth was recorded in 2013 an increase of 94% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cuba (-0.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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