South-Eastern Asia: Market for Reel Fed Offset Printing Machinery 2024

Market Size for Reel Fed Offset Printing Machinery in South-Eastern Asia

In 2022, the Southeast Asian market for reel fed offset printing machinery decreased by -12.5% to $X, falling for the fourth year in a row after three years of growth. Over the period under review, consumption continues to indicate a perceptible decline. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Reel Fed Offset Printing Machinery in South-Eastern Asia

In value terms, reel fed offset printing machinery production declined sharply to $X in 2022 estimated in export price. In general, production, however, recorded a tangible increase. The most prominent rate of growth was recorded in 2021 with an increase of 10,276%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Exports of Reel Fed Offset Printing Machinery

Exports in South-Eastern Asia

In 2022, shipments abroad of reel fed offset printing machinery was finally on the rise to reach X units for the first time since 2018, thus ending a three-year declining trend. In general, exports continue to indicate strong growth. The volume of export 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 surged to $X in 2022. Overall, exports recorded noticeable growth. The pace of growth appeared the most rapid in 2014 with an increase of 185% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Singapore was the largest exporter of reel fed offset printing machinery in South-Eastern Asia, with the volume of exports finishing at X units, which was near 78% of total exports in 2022. Thailand (X units) ranks second in terms of the total exports with a 14% share, followed by Myanmar (5.9%).

Singapore was also the fastest-growing in terms of the reel fed offset printing machinery exports, with a CAGR of +17.0% from 2012 to 2022. At the same time, Thailand (+2.5%) displayed positive paces of growth. By contrast, Myanmar (-32.0%) illustrated a downward trend over the same period. Singapore (+25 p.p.) and Myanmar (+5.9 p.p.) significantly strengthened its position in terms of the total exports, while Thailand saw its share reduced by -22.4% from 2012 to 2022, respectively.

In value terms, Thailand ($X) remains the largest reel fed offset printing machinery supplier in South-Eastern Asia, comprising 44% of total exports. The second position in the ranking was taken by Singapore ($X), with a 17% share of total exports.

In Thailand, reel fed offset printing machinery exports expanded at an average annual rate of +3.9% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Singapore (+2.0% per year) and Myanmar (-13.5% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per unit, dropping by -82.8% against the previous year. Over the period under review, the export price recorded a abrupt downturn. The most prominent rate of growth was recorded in 2020 an increase of 237%. The level of export peaked at $X per unit in 2021, and then shrank significantly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Thailand ($X per unit), while Myanmar ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Myanmar (+27.2%), while the other leaders experienced mixed trends in the export price figures.

Imports of Reel Fed Offset Printing Machinery

Imports in South-Eastern Asia

In 2022, purchases abroad of reel fed offset printing machinery was finally on the rise to reach X units for the first time since 2018, thus ending a three-year declining trend. Over the period under review, imports showed a modest increase. The pace of growth appeared the most rapid in 2015 when imports increased by 607%. As a result, imports reached the peak of X units. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, reel fed offset printing machinery imports skyrocketed to $X in 2022. In general, imports, however, continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2018 when imports increased by 43% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Singapore (X units) and Indonesia (X units) were the largest importers of reel fed offset printing machinery in South-Eastern Asia, together creating 66% of total imports. Malaysia (X units) ranks next in terms of the total imports with a 15% share, followed by Thailand (13%). The following importers - the Philippines (X units) and Vietnam (X units) - together made up 4.8% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Thailand (with a CAGR of +20.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Thailand ($X) and Malaysia ($X) were the countries with the highest levels of imports in 2022, with a combined 83% share of total imports.

Among the main importing countries, Thailand, with a CAGR of +15.5%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per unit in 2022, with a decrease of -31.7% against the previous year. Over the period under review, the import price showed a deep slump. The most prominent rate of growth was recorded in 2016 an increase of 2,562% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 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 Vietnam ($X per unit), while Singapore ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (-1.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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