MENA: Printing Press Market 2024

Printing Press Market Size in MENA

The MENA's printing press market fell remarkably to $X in 2022, declining by -41.9% against the previous year. Overall, consumption saw a perceptible decline. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Printing Press Production in MENA

In value terms, printing press production reduced remarkably to $X in 2022 estimated in export price. Overall, production, however, continues to indicate significant growth. The pace of growth was the most pronounced in 2013 when the production volume increased by 11,569%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Printing Press Exports

Exports in MENA

In 2022, after five years of decline, there was significant growth in overseas shipments of printing presses, when their volume increased by 15% to X units. Over the period under review, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 30% against the previous year. As a result, the exports reached the peak of X units. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, printing press exports skyrocketed to $X in 2022. Overall, exports, however, saw a relatively flat trend pattern. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Israel represented the major exporter of printing presses in MENA, with the volume of exports recording X units, which was near 73% of total exports in 2022. It was distantly followed by Turkey (X units) and the United Arab Emirates (X units), together constituting a 25% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to printing press exports from Israel stood at -2.1%. At the same time, Turkey (+25.4%) and the United Arab Emirates (+14.3%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in MENA, with a CAGR of +25.4% from 2012-2022. While the share of Turkey (+13 p.p.) and the United Arab Emirates (+7.4 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Israel (-20.6 p.p.) displayed negative dynamics.

In value terms, Israel ($X) remains the largest printing press supplier in MENA, comprising 85% of total exports. The second position in the ranking was taken by Turkey ($X), with an 11% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Israel was relatively modest. In the other countries, the average annual rates were as follows: Turkey (+11.2% per year) and the United Arab Emirates (+5.7% per year).

Export Prices by Country

In 2022, the export price in MENA amounted to $X per unit, increasing by 8.3% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the export price increased by 19%. The level of export peaked at $X per unit in 2013; however, from 2014 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 Israel ($X per unit), while the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+1.2%), while the other leaders experienced a decline in the export price figures.

Printing Press Imports

Imports in MENA

Printing press imports dropped sharply to X units in 2022, waning by -18% compared with 2021 figures. Over the period under review, imports continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2016 with an increase of 84% against the previous year. As a result, imports reached the peak of X units. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, printing press imports declined to $X in 2022. In general, imports recorded a perceptible contraction. The pace of growth appeared the most rapid in 2018 when imports increased by 15% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

The United Arab Emirates (X units) and Egypt (X units) represented roughly 45% of total imports in 2022. Israel (X units) held the next position in the ranking, followed by Qatar (X units) and Turkey (X units). All these countries together held approx. 28% share of total imports. Bahrain (X units), Algeria (X units), Tunisia (X units), Morocco (X units), Jordan (X units), Kuwait (X units) and Iran (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Morocco (with a CAGR of +25.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) constitutes the largest market for imported printing presses in MENA, comprising 42% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 10% share of total imports. It was followed by Israel, with a 7.9% share.

In Turkey, printing press imports remained relatively stable over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: the United Arab Emirates (-1.7% per year) and Israel (+6.8% per year).

Import Prices by Country

In 2022, the import price in MENA amounted to $X per unit, with an increase of 13% against the previous year. Over the period under review, the import price continues to indicate a prominent increase. The pace of growth was the most pronounced in 2020 an increase of 275% against the previous year. Over the period under review, import prices attained the maximum in 2022 and is likely to see steady growth in the immediate term.

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 Turkey ($X per unit), while Bahrain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+16.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform