Philippines: Gravure Printing Machinery Market 2025

Gravure Printing Machinery Market Size in the Philippines

The Philippine gravure printing machinery market declined rapidly to $X in 2022, reducing by -42.9% against the previous year. Over the period under review, consumption continues to indicate a precipitous setback. Gravure printing machinery consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Gravure Printing Machinery Production in the Philippines

In value terms, gravure printing machinery production reduced modestly to $X in 2022 estimated in export price. Overall, production continues to indicate a perceptible descent. The pace of growth was the most pronounced in 2015 with an increase of 24%. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

Gravure Printing Machinery Exports

Exports from the Philippines

In 2022, overseas shipments of gravure printing machinery increased by 100% to X units, rising for the third year in a row after two years of decline. Over the period under review, exports saw a significant increase. The pace of growth appeared the most rapid in 2016 when exports increased by 1,050%. Over the period under review, the exports reached the maximum at X units in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, gravure printing machinery exports surged to $X in 2022. Overall, exports enjoyed buoyant growth. The pace of growth appeared the most rapid in 2016 when exports increased by 1,768% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

South Korea (X units) was the main destination for gravure printing machinery exports from the Philippines, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to South Korea totaled +32.0%.

In value terms, South Korea ($X) also remains the key foreign market for gravure printing machinery exports from the Philippines.

From 2012 to 2022, the average annual growth rate of value to South Korea stood at +28.2%.

Export Prices by Country

The average gravure printing machinery export price stood at $X per unit in 2022, falling by -2.3% against the previous year. Overall, the export price showed a deep reduction. The most prominent rate of growth was recorded in 2016 an increase of 62%. As a result, the export price reached the peak level of $X per unit. From 2017 to 2022, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for South Korea.

From 2012 to 2022, the rate of growth in terms of prices for South Korea amounted to -2.8% per year.

Gravure Printing Machinery Imports

Imports into the Philippines

Gravure printing machinery imports into the Philippines declined rapidly to X units in 2022, with a decrease of -99.1% compared with the previous year. In general, imports saw a dramatic curtailment. The pace of growth was the most pronounced in 2019 when imports increased by 1,376%. As a result, imports attained the peak of X units. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, gravure printing machinery imports declined dramatically to $X in 2022. Overall, imports recorded a sharp decline. The pace of growth was the most pronounced in 2021 when imports increased by 103% against the previous year. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) was the main gravure printing machinery supplier to the Philippines, accounting for a 94% share of total imports. It was followed by Italy (X units), with a 1.7% share of total imports.

From 2017 to 2022, the average annual rate of growth in terms of volume from China totaled -12.3%.

In value terms, China ($X) constituted the largest supplier of gravure printing machinery to the Philippines, comprising 96% of total imports. The second position in the ranking was taken by Italy ($X), with a 1.4% share of total imports.

From 2017 to 2022, the average annual rate of growth in terms of value from China totaled -3.2%.

Import Prices by Country

In 2022, the average gravure printing machinery import price amounted to $X per unit, jumping by 6,696% against the previous year. In general, the import price enjoyed a buoyant increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per unit), while the price for Italy stood at $X per unit.

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by China (+10.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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