Singapore: Market for Reel Fed Offset Printing Machinery 2024

Market Size for Reel Fed Offset Printing Machinery in Singapore

In 2022, the Singaporean market for reel fed offset printing machinery decreased by -67.6% to $X, falling for the fourth consecutive year after two years of growth. Overall, consumption, however, recorded a resilient expansion. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Production of Reel Fed Offset Printing Machinery in Singapore

In value terms, reel fed offset printing machinery production shrank markedly to $X in 2022 estimated in export price. In general, production, however, enjoyed a strong expansion. The pace of growth appeared the most rapid in 2021 with an increase of 11,845,634,000%. Reel fed offset printing machinery production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Reel Fed Offset Printing Machinery

Exports from Singapore

In 2022, shipments abroad of reel fed offset printing machinery increased by 2,113% to X units for the first time since 2018, thus ending a three-year declining trend. Over the period under review, exports enjoyed a buoyant increase. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, reel fed offset printing machinery exports skyrocketed to $X in 2022. In general, exports enjoyed a tangible increase. The pace of growth was the most pronounced in 2014 when exports increased by 883%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Indonesia (X units), Malaysia (X units) and Bangladesh (X units) were the main destinations of reel fed offset printing machinery exports from Singapore, with a combined 100% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of +34.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X) remains the key foreign market for reel fed offset printing machinery exports from Singapore, comprising 71% of total exports. The second position in the ranking was held by Indonesia ($X), with a 23% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Malaysia stood at +18.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (-0.0% per year) and Bangladesh (+2.2% per year).

Export Prices by Country

The average export price for reel fed offset printing machinery stood at $X per unit in 2022, with a decrease of -67.6% against the previous year. In general, the export price continues to indicate a drastic downturn. The pace of growth appeared the most rapid in 2014 an increase of 173%. As a result, the export price attained the peak level of $X per unit. From 2015 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($X per unit), while the average price for exports to Bangladesh ($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 Malaysia (-0.3%), while the prices for the other major destinations experienced a decline.

Imports of Reel Fed Offset Printing Machinery

Imports into Singapore

In 2022, after two years of decline, there was significant growth in supplies from abroad of reel fed offset printing machinery, when their volume increased by 300% to X units. Overall, imports saw resilient growth. Imports peaked at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, reel fed offset printing machinery imports surged to $X in 2022. Over the period under review, imports, however, showed a deep setback. The growth pace was the most rapid in 2013 with an increase of 481%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Spain (X units), China (X units) and Malaysia (X units) were the main suppliers of reel fed offset printing machinery imports to Singapore, with a combined 85% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +67.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Malaysia ($X) and China ($X) appeared to be the largest reel fed offset printing machinery suppliers to Singapore, with a combined 85% share of total imports.

Among the main suppliers, Spain, with a CAGR of +23.8%, 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 average import price for reel fed offset printing machinery amounted to $X per unit, which is down by -64.4% against the previous year. Over the period under review, the import price showed a deep setback. The most prominent rate of growth was recorded in 2015 an increase of 393%. As a result, import price reached the peak level of $X per unit. From 2016 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Canada ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+3.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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