Middle East: Market for Reel Fed Letterpress Printing Machinery 2024

Market Size for Reel Fed Letterpress Printing Machinery in the Middle East

In 2022, the Middle Eastern market for reel fed letterpress printing machinery increased by 3.5% to $X for the first time since 2018, thus ending a three-year declining trend. Over the period under review, consumption, however, recorded a abrupt curtailment. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Reel Fed Letterpress Printing Machinery in the Middle East

In value terms, reel fed letterpress printing machinery production rose remarkably to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a moderate expansion. The most prominent rate of growth was recorded in 2014 with an increase of 87% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Exports of Reel Fed Letterpress Printing Machinery

Exports in the Middle East

In 2022, shipments abroad of reel fed letterpress printing machinery decreased by -35.9% to X units for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of 325% against the previous year. As a result, the exports reached the peak of X units, and then dropped significantly in the following year.

In value terms, reel fed letterpress printing machinery exports skyrocketed to $X in 2022. Over the period under review, exports, however, enjoyed buoyant growth. The pace of growth was the most pronounced in 2013 with an increase of 226%. The level of export peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Israel was the key exporting country with an export of around X units, which resulted at 71% of total exports. The United Arab Emirates (X units) ranks second in terms of the total exports with a 13% share, followed by Jordan (9.4%) and Turkey (6.5%).

Israel was also the fastest-growing in terms of the reel fed letterpress printing machinery exports, with a CAGR of +58.3% from 2012 to 2022. At the same time, Jordan (+38.5%) and Turkey (+3.3%) displayed positive paces of growth. By contrast, the United Arab Emirates (-4.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Israel and Jordan increased by +69 and +8 percentage points, respectively.

In value terms, the United Arab Emirates ($X) emerged as the largest reel fed letterpress printing machinery supplier in the Middle East, comprising 72% of total exports. The second position in the ranking was held by Jordan ($X), with a 16% share of total exports. It was followed by Israel, with a 9.3% share.

In the United Arab Emirates, reel fed letterpress printing machinery exports increased at an average annual rate of +13.3% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Jordan (+38.3% per year) and Israel (+22.5% per year).

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per unit, with an increase of 207% against the previous year. In general, the export price posted a modest increase. The level of export peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while Israel ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+24.5%), while the other leaders experienced mixed trends in the export price figures.

Imports of Reel Fed Letterpress Printing Machinery

Imports in the Middle East

In 2022, the amount of reel fed letterpress printing machinery imported in the Middle East declined notably to X units, waning by -23.6% on the previous year. In general, imports saw a noticeable setback. The growth pace was the most rapid in 2016 when imports increased by 305%. As a result, imports reached the peak of X units. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, reel fed letterpress printing machinery imports fell notably to $X in 2022. Overall, imports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2014 when imports increased by 164%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

The purchases of the three major importers of reel fed letterpress printing machinery, namely Israel, the United Arab Emirates and Bahrain, represented more than half of total import. Kuwait (X units) ranks next in terms of the total imports with a 7% share, followed by Iran (6%), Oman (5%) and Turkey (5%).

From 2012 to 2022, the biggest increases were recorded for Bahrain (with a CAGR of +23.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Israel ($X) and Iran ($X) constituted the countries with the highest levels of imports in 2022, together comprising 62% of total imports.

In terms of the main importing countries, Israel, with a CAGR of +71.4%, recorded the highest growth rate of the value of imports, 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 Middle East amounted to $X per unit, dropping by -2.8% against the previous year. Over the period under review, the import price continues to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2014 when the import price increased by 330% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+38.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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