Philippines: Printing Press Market 2024

Printing Press Market Size in the Philippines

The Philippine printing press market plummeted to $X in 2022, which is down by -36.5% against the previous year. Overall, consumption, however, continues to indicate a temperate increase. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Printing Press Production in the Philippines

In value terms, printing press production stood at less than $X in 2022 estimated in export price. Over the period under review, production saw significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 458%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Printing Press Exports

Exports from the Philippines

For the third consecutive year, the Philippines recorded growth in overseas shipments of printing presses, which increased by 187% to X units in 2022. Over the period under review, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 56,408% against the previous year. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, printing press exports skyrocketed to $X in 2022. Overall, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2017 when exports increased by 127,073% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The UK (X units), Japan (X units) and France (X units) were the main destinations of printing press exports from the Philippines, with a combined 71% share of total exports. South Korea, Norway, Thailand, Bahrain and the United States lagged somewhat behind, together accounting for a further 24%.

From 2012 to 2022, the biggest increases were recorded for Norway (with a CAGR of +178.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), the UK ($X) and Thailand ($X) were the largest markets for printing press exported from the Philippines worldwide, with a combined 70% share of total exports. South Korea, France, the United States, Bahrain and Norway lagged somewhat behind, together accounting for a further 14%.

Norway, with a CAGR of +120.5%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average printing press export price stood at $X per unit in 2022, declining by -18.6% against the previous year. Overall, the export price continues to indicate a abrupt setback. The pace of growth appeared the most rapid in 2019 an increase of 980% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($X per unit), while the average price for exports to Norway ($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 Brazil (+34.4%), while the prices for the other major destinations experienced more modest paces of growth.

Printing Press Imports

Imports into the Philippines

In 2022, the amount of printing presses imported into the Philippines shrank rapidly to X units, with a decrease of -71.7% on the previous year. Over the period under review, imports, however, recorded a significant increase. The pace of growth was the most pronounced in 2017 when imports increased by 1,215% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, printing press imports surged to $X in 2022. In general, imports, however, recorded a strong increase. The growth pace was the most rapid in 2017 when imports increased by 566% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Taiwan (Chinese) (X units) constituted the largest printing press supplier to the Philippines, with a 43% share of total imports. Moreover, printing press imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, China (X units), twofold. The third position in this ranking was held by Italy (X units), with a 14% share.

From 2012 to 2022, the average annual growth rate of volume from Taiwan (Chinese) amounted to +53.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+27.1% per year) and Italy (+83.9% per year).

In value terms, the largest printing press suppliers to the Philippines were China ($X), Germany ($X) and Japan ($X), together accounting for 68% of total imports. Taiwan (Chinese), Australia, Hong Kong SAR and Italy lagged somewhat behind, together accounting for a further 13%.

Australia, with a CAGR of +31.4%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average printing press import price amounted to $X per unit, with an increase of 308% against the previous year. Over the period under review, the import price, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2020 when the average import price increased by 566% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+6.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :