SADC: Gravure Printing Machinery Market 2024

Gravure Printing Machinery Market Size in SADC

The SADC gravure printing machinery market surged to $X in 2022, increasing by 20% against the previous year. In general, consumption, however, recorded a deep slump. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Gravure Printing Machinery Production in SADC

In value terms, gravure printing machinery production contracted to $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 7.3% against the previous year. 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 in SADC

In 2022, overseas shipments of gravure printing machinery increased by 3.1% to X units, rising for the fifth year in a row after two years of decline. Overall, exports posted significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 391%. The volume of export peaked in 2022 and is likely to continue growth in years to come.

In value terms, gravure printing machinery exports dropped sharply to $X in 2022. In general, exports saw noticeable growth. The growth pace was the most rapid in 2018 with an increase of 202%. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The biggest shipments were from South Africa (X units), together resulting at 99% of total export.

South Africa was also the fastest-growing in terms of the gravure printing machinery exports, with a CAGR of +33.7% from 2012 to 2022. While the share of South Africa (+13 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) also remains the largest gravure printing machinery supplier in SADC.

In South Africa, gravure printing machinery exports expanded at an average annual rate of +4.3% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in SADC amounted to $X per unit, falling by -33.9% against the previous year. Overall, the export price showed a precipitous decline. The growth pace was the most rapid in 2014 when the export price increased by 81%. Over the period under review, the export prices hit record highs at $X per unit in 2015; however, from 2016 to 2022, the 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 Africa.

From 2012 to 2022, the rate of growth in terms of prices for South Africa amounted to -22.0% per year.

Gravure Printing Machinery Imports

Imports in SADC

Gravure printing machinery imports soared to X units in 2022, growing by 52% compared with 2021. Over the period under review, imports, however, showed a drastic downturn. The pace of growth was the most pronounced in 2014 with an increase of 1,127%. As a result, imports attained the peak of X units. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, gravure printing machinery imports shrank notably to $X in 2022. In general, imports, however, saw a abrupt decline. The growth pace was the most rapid in 2014 with an increase of 658% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Mauritius (X units) represented the main importer of gravure printing machinery, achieving 71% of total imports. South Africa (X units) took the second position in the ranking, distantly followed by Tanzania (X units). All these countries together took approx. 21% share of total imports. Angola (X units) took a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to gravure printing machinery imports into Mauritius stood at +5.9%. At the same time, Tanzania (+13.7%) and Angola (+2.5%) displayed positive paces of growth. Moreover, Tanzania emerged as the fastest-growing importer imported in SADC, with a CAGR of +13.7% from 2012-2022. By contrast, South Africa (-23.7%) illustrated a downward trend over the same period. While the share of Mauritius (+56 p.p.) and Tanzania (+5.4 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of South Africa (-66.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Tanzania ($X) constitutes the largest market for imported gravure printing machinery in SADC, comprising 50% of total imports. The second position in the ranking was held by Mauritius ($X), with an 11% share of total imports. It was followed by South Africa, with a 9.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Tanzania amounted to +30.9%. The remaining importing countries recorded the following average annual rates of imports growth: Mauritius (+6.3% per year) and South Africa (-30.1% per year).

Import Prices by Country

The import price in SADC stood at $X per unit in 2022, dropping by -71.1% against the previous year. Overall, the import price showed a perceptible decline. The growth pace was the most rapid in 2016 when the import price increased by 389%. The level of import peaked at $X per unit in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Angola (+21.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform