U.S.: Printing Press Market 2024

Printing Press Market Size in the U.S.

After three years of growth, the U.S. printing press market decreased by -18.6% to $X in 2022. Overall, the total consumption indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2021, and then reduced notably in the following year.

Printing Press Production in the U.S.

In value terms, printing press production fell modestly to $X in 2022. The total output value increased at an average annual rate of +4.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 when the production volume increased by 43%. Printing press production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Printing Press Exports

Exports from the U.S.

In 2022, printing press exports from the United States skyrocketed to X units, with an increase of 132% against the year before. In general, exports showed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 6,542% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, printing press exports rose rapidly to $X in 2022. Overall, exports, however, recorded a noticeable contraction. The pace of growth appeared the most rapid in 2014 with an increase of 20%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Mexico (X units), Canada (X units) and Bangladesh (X units) were the main destinations of printing press exports from the United States, with a combined 74% 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 Bangladesh (with a CAGR of +126.1%), while the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Canada ($X) and China ($X) appeared to be the largest markets for printing press exported from the United States worldwide, together accounting for 49% of total exports.

Mexico, with a CAGR of +8.6%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average printing press export price amounted to $X per unit, shrinking by -53.7% against the previous year. Over the period under review, the export price faced a sharp reduction. The most prominent rate of growth was recorded in 2015 an increase of 24%. As a result, the export price attained the peak level of $X per unit. From 2016 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to El Salvador ($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 India (-28.7%), while the prices for the other major destinations experienced a decline.

Printing Press Imports

Imports into the U.S.

In 2022, supplies from abroad of printing presses increased by 79% to X units, rising for the fifth year in a row after three years of decline. Over the period under review, imports showed a significant expansion. The pace of growth appeared the most rapid in 2019 when imports increased by 2,247% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the near future.

In value terms, printing press imports stood at $X in 2022. The total import value increased at an average annual rate of +1.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 20%. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Israel (X units) constituted the largest printing press supplier to the United States, with a 48% share of total imports. Moreover, printing press imports from Israel exceeded the figures recorded by the second-largest supplier, Switzerland (X units), threefold. The UK (X units) ranked third in terms of total imports with an 8.4% share.

From 2012 to 2022, the average annual growth rate of volume from Israel stood at +181.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+110.3% per year) and the UK (+96.4% per year).

In value terms, Germany ($X) constituted the largest supplier of printing presses to the United States, comprising 41% of total imports. The second position in the ranking was held by Israel ($X), with a 15% share of total imports. It was followed by Italy, with a 6.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany stood at +2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Israel (-0.5% per year) and Italy (-0.7% per year).

Import Prices by Country

The average printing press import price stood at $X per unit in 2022, falling by -39.4% against the previous year. In general, the import price showed a dramatic setback. The pace of growth was the most pronounced in 2013 when the average import price increased by 39% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for the United Arab Emirates ($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 (-38.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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