Southern Asia: Printing Components Market 2024

Printing Components Market Size in Southern Asia

The South Asian printing components market was estimated at $X in 2022, flattening at the previous year. Overall, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2019; afterwards, it flattened through to 2022.

Printing Components Production in Southern Asia

In value terms, printing components production dropped modestly to $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 15% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Printing Components Exports

Exports in Southern Asia

For the fourth consecutive year, Southern Asia recorded decline in overseas shipments of printing components, which decreased by -6.4% to X tons in 2022. Overall, exports saw a abrupt decline. The most prominent rate of growth was recorded in 2013 when exports increased by 31%. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, printing components exports totaled $X in 2022. In general, exports recorded a perceptible downturn. The pace of growth was the most pronounced in 2013 when exports increased by 25% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

India (X tons) represented roughly 98% of total exports in 2022.

India was also the fastest-growing in terms of the printing components exports, with a CAGR of -10.4% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual growth rate of value in India amounted to -4.6%.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, rising by 7.3% against the previous year. Export price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, printing components export price increased by +58.3% against 2018 indices. The most prominent rate of growth was recorded in 2021 when the export price increased by 25% against the previous year. Over the period under review, the export prices attained the peak figure in 2022 and is likely to continue growth in the immediate term.

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 +6.5% per year.

Printing Components Imports

Imports in Southern Asia

In 2022, the amount of printing components imported in Southern Asia skyrocketed to X tons, picking up by 59% against the previous year. In general, imports recorded a buoyant expansion. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, printing components imports surged to $X in 2022. Total imports indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +68.3% against 2020 indices. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

India dominates imports structure, resulting at X tons, which was near 93% of total imports in 2022. The following importers - Nepal (X tons) and Bangladesh (X tons) - together made up 5.1% of total imports.

India was also the fastest-growing in terms of the printing components imports, with a CAGR of +14.1% from 2012 to 2022. At the same time, Nepal (+3.8%) displayed positive paces of growth. By contrast, Bangladesh (-12.0%) illustrated a downward trend over the same period. While the share of India (+30 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Nepal (-2.1 p.p.) and Bangladesh (-18.5 p.p.) displayed negative dynamics.

In value terms, India ($X) constitutes the largest market for imported printing components in Southern Asia, comprising 85% of total imports. The second position in the ranking was held by Bangladesh ($X), with a 6.7% share of total imports.

In India, printing components imports increased at an average annual rate of +4.0% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Bangladesh (+0.3% per year) and Nepal (+2.2% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, declining by -11.6% against the previous year. Over the period under review, the import price recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when the import price increased by 11% against the previous year. Over the period under review, import prices reached the maximum at $X per ton 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 Bangladesh ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (+13.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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