Vietnam: Flexographic Printing Machinery Market 2025

Flexographic Printing Machinery Market Size in Vietnam

In 2022, after two years of growth, there was significant decline in the Vietnamese flexographic printing machinery market, when its value decreased by -9.6% to $X. Overall, consumption saw a significant expansion. Flexographic printing machinery consumption peaked at $X in 2021, and then reduced in the following year.

Flexographic Printing Machinery Exports

Exports from Vietnam

In 2022, the amount of flexographic printing machinery exported from Vietnam dropped to X units, waning by -11.1% compared with the previous year. Over the period under review, exports continue to indicate a slight descent. The pace of growth was the most pronounced in 2015 when exports increased by 38%. As a result, the exports attained the peak of X units. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, flexographic printing machinery exports fell dramatically to $X in 2022. Overall, exports, however, recorded a resilient expansion. The growth pace was the most rapid in 2015 with an increase of 1,901%. Over the period under review, the exports reached the peak figure at $X in 2021, and then declined remarkably in the following year.

Exports by Country

Lao People's Democratic Republic (X units), India (X units) and Colombia (X units) were the main destinations of flexographic printing machinery exports from Vietnam, with a combined 38% 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 Lao People's Democratic Republic (with a CAGR of 0.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for flexographic printing machinery exported from Vietnam were Thailand ($X), Colombia ($X) and India ($X), with a combined 63% share of total exports.

Thailand, with a CAGR of +37.2%, saw 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

The average flexographic printing machinery export price stood at $X per unit in 2022, waning by -15.3% against the previous year. Overall, the export price, however, posted resilient growth. The growth pace was the most rapid in 2015 an increase of 1,355%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2021, and then declined remarkably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($X per unit), while the average price for exports to Singapore ($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 Thailand (+37.2%), while the prices for the other major destinations experienced more modest paces of growth.

Flexographic Printing Machinery Imports

Imports into Vietnam

For the third consecutive year, Vietnam recorded growth in purchases abroad of flexographic printing machinery, which increased by 3.6% to X units in 2022. Overall, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2018 with an increase of 191%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.

In value terms, flexographic printing machinery imports reduced notably to $X in 2022. Over the period under review, imports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2018 with an increase of 279% against the previous year. Imports peaked at $X in 2021, and then shrank remarkably in the following year.

Imports by Country

In 2022, China (X units) constituted the largest flexographic printing machinery supplier to Vietnam, with a 44% share of total imports. Moreover, flexographic printing machinery imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), twofold. The third position in this ranking was taken by Spain (X units), with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +35.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+22.9% per year) and Spain (+19.4% per year).

In value terms, China ($X), Taiwan (Chinese) ($X) and Germany ($X) were the largest flexographic printing machinery suppliers to Vietnam, with a combined 75% share of total imports. Denmark, Spain, the United States, Hong Kong SAR and Japan lagged somewhat behind, together comprising a further 13%.

Among the main suppliers, Denmark, with a CAGR of +33.0%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average flexographic printing machinery import price amounted to $X per unit, falling by -21% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 35%. The import price peaked at $X per unit in 2020; however, from 2021 to 2022, import prices stood at a somewhat 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 Japan ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+14.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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