Southern Asia: Gravure Printing Machinery Market 2024

Gravure Printing Machinery Market Size in Southern Asia

In 2022, the South Asian gravure printing machinery market was finally on the rise to reach $X after three years of decline. In general, consumption continues to indicate a tangible increase. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Gravure Printing Machinery Production in Southern Asia

In value terms, gravure printing machinery production skyrocketed to $X in 2022 estimated in export price. Overall, production continues to indicate significant growth. The pace of growth was the most pronounced in 2020 with an increase of 51,793%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Gravure Printing Machinery Exports

Exports in Southern Asia

In 2022, after two years of growth, there was significant decline in shipments abroad of gravure printing machinery, when their volume decreased by -72.3% to X units. Overall, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 215% against the previous year. As a result, the exports attained the peak of X units, and then contracted markedly in the following year.

In value terms, gravure printing machinery exports shrank to $X in 2022. In general, exports, however, showed a measured increase. The pace of growth was the most pronounced in 2014 when exports increased by 82% against the previous year. The level of export peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The shipments of the one major exporters of gravure printing machinery, namely India, represented more than two-thirds of total export.

India experienced a relatively flat trend pattern with regard to volume of exports of gravure printing machinery. While the share of India (+1.9 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest gravure printing machinery supplier in Southern Asia.

From 2012 to 2022, the average annual growth rate of value in India totaled +4.1%.

Export Prices by Country

The export price in Southern Asia stood at $X per unit in 2022, rising by 227% against the previous year. In general, the export price recorded a tangible expansion. Over the period under review, the export prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for India amounted to +3.3% per year.

Gravure Printing Machinery Imports

Imports in Southern Asia

In 2022, gravure printing machinery imports in Southern Asia fell remarkably to X units, waning by -15.4% on the previous year's figure. In general, imports recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2015 when imports increased by 166%. As a result, imports attained the peak of X units. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, gravure printing machinery imports dropped to $X in 2022. Overall, imports showed a pronounced downturn. The pace of growth appeared the most rapid in 2015 with an increase of 148% against the previous year. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

India represented the largest importer of gravure printing machinery in Southern Asia, with the volume of imports resulting at X units, which was near 49% of total imports in 2022. Pakistan (X units) held the second position in the ranking, followed by Bangladesh (X units) and Nepal (X units). All these countries together took approx. 49% share of total imports.

India was also the fastest-growing in terms of the gravure printing machinery imports, with a CAGR of +3.3% from 2012 to 2022. At the same time, Nepal (+1.6%) displayed positive paces of growth. By contrast, Pakistan (-5.6%) and Bangladesh (-14.6%) illustrated a downward trend over the same period. While the share of India (+31 p.p.), Nepal (+4 p.p.) and Pakistan (+2.4 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Bangladesh (-26.7 p.p.) displayed negative dynamics.

In value terms, India ($X) constitutes the largest market for imported gravure printing machinery in Southern Asia, comprising 63% of total imports. The second position in the ranking was taken by Bangladesh ($X), with an 18% share of total imports. It was followed by Pakistan, with a 16% share.

From 2012 to 2022, the average annual growth rate of value in India stood at -2.9%. In the other countries, the average annual rates were as follows: Bangladesh (-6.5% per year) and Pakistan (-1.4% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per unit, therefore, remained relatively stable against the previous year. Overall, the import price showed a tangible increase. The pace of growth appeared the most rapid in 2016 an increase of 99%. The level of import peaked at $X per unit in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (+9.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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