Vietnam: Market for Reel Fed Offset Printing Machinery 2025

Market Size for Reel Fed Offset Printing Machinery in Vietnam

The Vietnamese market for reel fed offset printing machinery contracted remarkably to $X in 2022, which is down by -17.9% against the previous year. Overall, consumption recorded a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of Reel Fed Offset Printing Machinery in Vietnam

In value terms, reel fed offset printing machinery production expanded notably to $X in 2022 estimated in export price. Over the period under review, the total production indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -4.7% against 2020 indices. The pace of growth was the most pronounced in 2020 when the production volume increased by 23% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Exports of Reel Fed Offset Printing Machinery

Exports from Vietnam

In 2022, approx. X units of reel fed offset printing machinery were exported from Vietnam; growing by 119% against the previous year's figure. Overall, exports, however, continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2020 when exports increased by 2,366%. As a result, the exports reached the peak of X units. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, reel fed offset printing machinery exports reduced to $X in 2022. Over the period under review, exports, however, saw a deep slump. The pace of growth was the most pronounced in 2020 when exports increased by 7,896% against the previous year. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for reel fed offset printing machinery exports from Vietnam, with a 51% share of total exports. Moreover, reel fed offset printing machinery exports to the United States exceeded the volume sent to the second major destination, Bahrain (X units), fourfold. The third position in this ranking was held by Taiwan (Chinese) (X units), with a 3.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to +44.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (+9.6% per year) and Taiwan (Chinese) (+11.6% per year).

In value terms, the United States ($X) emerged as the key foreign market for reel fed offset printing machinery exports from Vietnam, comprising 51% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 9.1% share of total exports. It was followed by the Philippines, with a 6.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to +73.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+6.1% per year) and the Philippines (+6.8% per year).

Export Prices by Country

In 2022, the average export price for reel fed offset printing machinery amounted to $X per unit, reducing by -58% against the previous year. Over the period under review, the export price recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2018 when the average export price increased by 1,175%. As a result, the export price attained the peak level of $X per unit. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Philippines ($X per unit), while the average price for exports to Bahrain ($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 South Africa (+22.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Reel Fed Offset Printing Machinery

Imports into Vietnam

After two years of growth, overseas purchases of reel fed offset printing machinery decreased by -21.8% to X units in 2022. Overall, imports saw a abrupt shrinkage. The growth pace was the most rapid in 2016 with an increase of 128% against the previous year. Imports peaked at X units in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, reel fed offset printing machinery imports contracted dramatically to $X in 2022. Over the period under review, imports showed a abrupt slump. The growth pace was the most rapid in 2016 with an increase of 241% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Israel (X units), Germany (X units) and Japan (X units) were the main suppliers of reel fed offset printing machinery imports to Vietnam, with a combined 51% share of total imports. Hong Kong SAR, Switzerland, New Zealand, China, Italy, Spain, the UK, Denmark, the United States and France lagged somewhat behind, together comprising a further 41%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hong Kong SAR (with a CAGR of +41.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest reel fed offset printing machinery suppliers to Vietnam were China ($X), Israel ($X) and Germany ($X), with a combined 50% share of total imports. Japan, Hong Kong SAR, Italy, Spain, Switzerland, New Zealand, Denmark, the United States, the UK and France lagged somewhat behind, together comprising a further 44%.

Among the main suppliers, Hong Kong SAR, with a CAGR of +82.5%, 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 more modest paces of growth.

Import Prices by Country

In 2022, the average import price for reel fed offset printing machinery amounted to $X per unit, flattening at the previous year. In general, the import price continues to indicate a slight decline. The growth pace was the most rapid in 2015 when the average import price increased by 77% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2016; however, from 2017 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 China ($X per unit), while the price for the UK ($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 (+29.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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