Thailand: Printing Press Market 2024

Printing Press Market Size in Thailand

The Thai printing press market contracted significantly to $X in 2022, waning by -16% against the previous year. Overall, consumption posted a prominent increase. Printing press consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Printing Press Production in Thailand

In value terms, printing press production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production recorded a noticeable increase. The most prominent rate of growth was recorded in 2013 when the production volume increased by 989%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Printing Press Exports

Exports from Thailand

Printing press exports from Thailand surged to X units in 2022, growing by 103% compared with the previous year's figure. Overall, exports, however, saw a significant contraction. The growth pace was the most rapid in 2020 with an increase of 191%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, printing press exports surged to $X in 2022. In general, exports, however, faced a abrupt decline. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Switzerland (X units), Myanmar (X units) and Japan (X units) were the main destinations of printing press exports from Thailand, together accounting for 56% 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 Switzerland (with a CAGR of +99.9%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the key foreign market for printing presses exports from Thailand, comprising 27% of total exports. The second position in the ranking was held by Vietnam ($X), with a 12% share of total exports. It was followed by Germany, with a 4.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China amounted to +9.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+12.6% per year) and Germany (+16.7% per year).

Export Prices by Country

In 2022, the average printing press export price amounted to $X per unit, reducing by -40.4% against the previous year. Over the period under review, the export price, however, posted resilient growth. The pace of growth was the most pronounced in 2019 when the average export price increased by 315%. As a result, the export price attained the peak level of $X per unit. From 2020 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Switzerland ($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 Vietnam (+47.5%), while the prices for the other major destinations experienced more modest paces of growth.

Printing Press Imports

Imports into Thailand

In 2022, purchases abroad of printing presses increased by 71% to X units, rising for the third year in a row after six years of decline. In general, imports recorded a modest expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 122% against the previous year. Over the period under review, imports attained the peak figure at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, printing press imports expanded modestly to $X in 2022. Over the period under review, imports, however, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 when imports increased by 39%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of printing press to Thailand, accounting for a 88% share of total imports. It was followed by South Korea (X units), with a 2.3% share of total imports. The third position in this ranking was taken by Japan (X units), with a 2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +5.8%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-0.8% per year) and Japan (-13.6% per year).

In value terms, the largest printing press suppliers to Thailand were China ($X), Germany ($X) and Japan ($X), with a combined 70% share of total imports. Spain, the United States, South Korea, Israel and the Philippines lagged somewhat behind, together comprising a further 14%.

Among the main suppliers, Spain, with a CAGR of +27.6%, 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 mixed trend patterns.

Import Prices by Country

In 2022, the average printing press import price amounted to $X per unit, with a decrease of -40.1% against the previous year. In general, the import price recorded a abrupt downturn. The growth pace was the most rapid in 2015 an increase of 148%. Over the period under review, average import prices hit record highs at $X per unit in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

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 Germany ($X per unit), while the price for the Philippines ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+20.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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