Southern Asia: Market for Reel Fed Letterpress Printing Machinery 2024

Market Size for Reel Fed Letterpress Printing Machinery in Southern Asia

In 2022, the South Asian market for reel fed letterpress printing machinery increased by 12% to $X, rising for the second year in a row after two years of decline. In general, consumption recorded a tangible increase. The level of consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Production of Reel Fed Letterpress Printing Machinery in Southern Asia

In value terms, reel fed letterpress printing machinery production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production enjoyed resilient growth. The most prominent rate of growth was recorded in 2016 when the production volume increased by 2,316% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Exports of Reel Fed Letterpress Printing Machinery

Exports in Southern Asia

Reel fed letterpress printing machinery exports contracted rapidly to X units in 2022, falling by -41.1% on 2021 figures. In general, exports saw a deep slump. The most prominent rate of growth was recorded in 2020 when exports increased by 812%. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, reel fed letterpress printing machinery exports contracted significantly to $X in 2022. Overall, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 367% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

India dominates exports structure, amounting to X units, which was approx. 92% of total exports in 2022. It was distantly followed by Sri Lanka (X units), mixing up a 5.7% share of total exports. Pakistan (X units) followed a long way behind the leaders.

Exports from India decreased at an average annual rate of -9.3% from 2012 to 2022. At the same time, Sri Lanka (+21.5%) displayed positive paces of growth. Moreover, Sri Lanka emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +21.5% from 2012-2022. By contrast, Pakistan (-6.5%) illustrated a downward trend over the same period. While the share of Sri Lanka (+5.4 p.p.) and Pakistan (+1.6 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of India (-7.9 p.p.) displayed negative dynamics.

In value terms, India ($X) remains the largest reel fed letterpress printing machinery supplier in Southern Asia, comprising 95% of total exports. The second position in the ranking was taken by Sri Lanka ($X), with a 4.6% share of total exports.

In India, reel fed letterpress printing machinery exports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Sri Lanka (+53.1% per year) and Pakistan (-28.5% per year).

Export Prices by Country

The export price in Southern Asia stood at $X per unit in 2022, surging by 14% against the previous year. Overall, the export price saw prominent growth. The most prominent rate of growth was recorded in 2013 an increase of 199%. Over the period under review, the export prices reached the maximum at $X per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

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 India ($X per unit), while Pakistan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (+26.0%), while the other leaders experienced mixed trends in the export price figures.

Imports of Reel Fed Letterpress Printing Machinery

Imports in Southern Asia

Reel fed letterpress printing machinery imports dropped rapidly to X units in 2022, shrinking by -17.8% compared with the year before. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 244%. As a result, imports reached the peak of X units. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, reel fed letterpress printing machinery imports stood at $X in 2022. Overall, imports recorded a perceptible decrease. The pace of growth was the most pronounced in 2014 with an increase of 122% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

The purchases of the three major importers of reel fed letterpress printing machinery, namely Bangladesh, Nepal and India, represented more than two-thirds of total import. It was distantly followed by Pakistan (X units), creating a 7.8% share of total imports. Sri Lanka (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Nepal (with a CAGR of +9.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest reel fed letterpress printing machinery importing markets in Southern Asia were India ($X), Bangladesh ($X) and Pakistan ($X), together comprising 97% of total imports. Nepal and Sri Lanka lagged somewhat behind, together comprising a further 2.9%.

Among the main importing countries, Nepal, with a CAGR of +8.8%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Southern Asia stood at $X per unit in 2022, jumping by 22% against the previous year. Over the period under review, the import price, however, saw a noticeable descent. The most prominent rate of growth was recorded in 2019 when the import price increased by 78%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, 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 Sri Lanka (+11.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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