Vietnam: Printing Press Market 2024

Printing Press Market Size in Vietnam

The Vietnamese printing press market shrank slightly to $X in 2022, flattening at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Printing Press Exports

Exports from Vietnam

In 2022, approx. X units of printing presses were exported from Vietnam; rising by 157% against 2021. In general, exports showed a resilient expansion. The exports peaked at X units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, printing press exports fell slightly to $X in 2022. Over the period under review, exports, however, saw a abrupt decrease. The most prominent rate of growth was recorded in 2014 when exports increased by 93%. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

India (X units), Qatar (X units) and Ethiopia (X units) were the main destinations of printing press exports from Vietnam, with a combined 54% share of total exports. Ireland, Iceland, the Dominican Republic, the United States, Mauritius, Saudi Arabia, Canada, Lao People's Democratic Republic, Slovakia and the United Arab Emirates lagged somewhat behind, together accounting for a further 33%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ireland (with a CAGR of +59.4%), while the other leaders experienced more modest paces of growth.

In value terms, India ($X) remains the key foreign market for printing presses exports from Vietnam, comprising 15% of total exports. The second position in the ranking was held by Qatar ($X), with a 7.1% share of total exports. It was followed by Ethiopia, with a 5% share.

From 2012 to 2022, the average annual growth rate of value to India amounted to +18.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (+24.0% per year) and Ethiopia (-5.0% per year).

Export Prices by Country

The average printing press export price stood at $X per unit in 2022, falling by -61.6% against the previous year. Overall, the export price faced a abrupt decrease. The most prominent rate of growth was recorded in 2021 when the average export price increased by 153% against the previous year. Over the period under review, the average export prices hit record highs 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 for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to Ireland ($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 Slovakia (+56.6%), while the prices for the other major destinations experienced more modest paces of growth.

Printing Press Imports

Imports into Vietnam

In 2022, overseas purchases of printing presses increased by 13% to X units, rising for the second year in a row after two years of decline. Over the period under review, imports, however, showed a noticeable downturn. The most prominent rate of growth was recorded in 2015 with an increase of 77%. Imports peaked at X units in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, printing press imports reduced to $X in 2022. Overall, total imports indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +7.2% against 2020 indices. The most prominent rate of growth was recorded in 2015 with an increase of 88%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest printing press supplier to Vietnam, accounting for a 37% share of total imports. Moreover, printing press imports from China exceeded the figures recorded by the second-largest supplier, Singapore (X units), twofold. The third position in this ranking was taken by the UK (X units), with an 8.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+17.4% per year) and the UK (+25.4% per year).

In value terms, China ($X) constituted the largest supplier of printing presses to Vietnam, comprising 33% of total imports. The second position in the ranking was held by Germany ($X), with a 15% share of total imports. It was followed by Taiwan (Chinese), with an 11% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +12.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+1.5% per year) and Taiwan (Chinese) (+3.9% per year).

Import Prices by Country

In 2022, the average printing press import price amounted to $X per unit, reducing by -17.1% against the previous year. In general, the import price, however, posted buoyant growth. The most prominent rate of growth was recorded in 2020 an increase of 70%. Over the period under review, average import prices hit record highs at $X per unit in 2021, and then contracted rapidly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per unit), while the price for Singapore ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+34.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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