Spain: Market for Reel Fed Letterpress Printing Machinery 2024

Market Size for Reel Fed Letterpress Printing Machinery in Spain

In 2022, the Spanish market for reel fed letterpress printing machinery increased by 12% to $X, rising for the second consecutive year after three years of decline. Overall, consumption continues to indicate mild growth. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Production of Reel Fed Letterpress Printing Machinery in Spain

In value terms, reel fed letterpress printing machinery production dropped to $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 10%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Exports of Reel Fed Letterpress Printing Machinery

Exports from Spain

In 2022, after two years of decline, there was significant growth in overseas shipments of reel fed letterpress printing machinery, when their volume increased by 350% to X units. Overall, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when exports increased by 1,327%. As a result, the exports attained the peak of X units. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, reel fed letterpress printing machinery exports skyrocketed to $X in 2022. Over the period under review, exports, however, showed a noticeable descent. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Portugal (X units), Egypt (X units) and France (X units) were the main destinations of reel fed letterpress printing machinery exports from Spain, with a combined 67% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Portugal (with a CAGR of +32.0%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X) emerged as the key foreign market for reel fed letterpress printing machinery exports from Spain, comprising 61% of total exports. The second position in the ranking was taken by Portugal ($X), with a 19% share of total exports. It was followed by Italy, with a 15% share.

From 2012 to 2022, the average annual growth rate of value to France amounted to +10.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (+125.4% per year) and Italy (-17.3% per year).

Export Prices by Country

The average export price for reel fed letterpress printing machinery stood at $X per unit in 2022, growing by 138% against the previous year. Overall, the export price, however, showed a pronounced contraction. The most prominent rate of growth was recorded in 2014 an increase of 1,465% against the previous year. 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.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Austria ($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 Egypt (+198.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Reel Fed Letterpress Printing Machinery

Imports into Spain

In 2022, overseas purchases of reel fed letterpress printing machinery were finally on the rise to reach X units after four years of decline. In general, imports saw a remarkable increase. The pace of growth appeared the most rapid in 2017 when imports increased by 935% against the previous year. As a result, imports reached the peak of X units. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, reel fed letterpress printing machinery imports surged to $X in 2022. Over the period under review, imports, however, saw a abrupt slump. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Italy (X units), France (X units) and China (X units) were the main suppliers of reel fed letterpress printing machinery imports to Spain, together accounting for 97% of total imports.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +31.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of reel fed letterpress printing machinery to Spain, comprising 70% of total imports. The second position in the ranking was held by China ($X), with a 15% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Italy totaled -12.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+28.4% per year) and France (+11.6% per year).

Import Prices by Country

In 2022, the average import price for reel fed letterpress printing machinery amounted to $X per unit, picking up by 13% against the previous year. Over the period under review, the import price, however, faced a dramatic setback. The pace of growth was the most pronounced in 2018 an increase of 611%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, 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 Italy ($X per unit), while the price for France ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+4,278.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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